6 Benefits of Working with a Cannabis Consulting Company

cannabis consulting company

Why You Need a Cannabis Business Consultant

The cannabis industry continues to grow rapidly, with new states legalizing recreational and medical marijuana each year. While there are more opportunities to open a cannabis business than ever before, there are many legal hurdles to navigate, and competition is fierce within every sector of the industry. While it is possible to run a successful operation by going it alone, it is often beneficial to work with an experienced cannabis consulting company who can guide you through many of the difficult business decisions that lie ahead.

Whether you’re starting a new cannabis operation or a grizzled veteran who has been in the industry for years, there are numerous pitfalls that can potentially derail your business. Working with a cannabis consulting company can help you avoid these pitfalls while helping you make your operations more efficient. When you choose the right consulting professionals, you can set your business up for success for years to come.

Discover 6 important benefits you’ll experience when you work with a cannabis consulting company.

1.    Remain Compliant with the Latest Cannabis Laws in Your State

remain compliant with state cannabis laws
6 Benefits of Working with a Cannabis Consulting Company

Cannabis laws are constantly evolving, making it difficult to remain compliant. There are laws governing every aspect of the industry. Whether you’re applying for a cannabis license, setting up a retail store, opening a commercial grow facility, marketing your business, or packaging and storing cannabis products, there are regulations in place that must be adhered to. Failure to remain compliant with the latest laws and policies can result in costly fines and other consequences which may be devastating to your business.

An experienced cannabis consultant can help you navigate these changing laws. Your consultant will stay on top of the latest federal, state and local laws so that you can focus your energy on other aspects of running your business. When new regulations are being proposed, you’ll know ahead of time. This knowledge allows you to be proactive and prepare well in advance of the new laws going into effect rather than being reactive and having to scramble at the last minute to ensure you remain compliant.

2.    Strengthen Your Candidacy for Licensure

There is often a tremendous amount of competition for a limited number of cannabis licenses when states launch medical and recreational programs. There are strict requirements that must be followed at every stage of the application process, and you must document just about every aspect of your proposed business. You may be asked to submit information regarding:

  • Business plans
  • Standard operating procedures
  • Sources of funding
  • A physical location for your business

To make the process more challenging, the licensure requirements vary from state to state. An experienced cannabis consulting company will know the specific licensing requirements associated with your application and be able to guide you through the entire process. This will significantly increase your likelihood of having your application approved.

3.    Set Your New Business Up for Success

Setting up a new business is always a complicated process, but it is particularly challenging in the cannabis industry. There are many aspects of the process that must be evaluated, and the complex regulations governing the industry must be adhered to at all times. An experienced cannabis consultant can help you grapple with important issues such as:

  • Establishing your brand messaging
  • Choosing the location for your new business
  • Determining the right size for your retail store or grow facility
  • Designing the layout of your store and choosing an aesthetic that aligns with your brand
  • Choosing the right suite of cannabis technology to manage your operations and provide all documentation required by state regulations
  • Making sure you have proper insurance coverage
  • Establishing a business model that is easily scalable as you grow
  • Navigating the complex tax laws that apply to cannabis businesses
  • Hiring the right members for your executive team
  • Choosing the proper channels to market your new business

The consequences for making the wrong decisions on many of these matters can be devastating for your business. A cannabis consultant will take the time to understand your business goals in order to guide you through the decision-making process. This will help set your new business up for sustained success.

4.    Speed Up Your Learning Curve

cannabis consultants provide industry education
ny

The tremendous growth potential associated with the cannabis industry has attracted a lot of bright and talented business professionals from other industries who are looking to shift gears in their career. While many of these individuals have experienced a great deal of success in their previous ventures, they often find that starting a cannabis business is a completely different beast. There is a tremendous amount to learn about the industry.

There are many technical aspects associated with the products offered by a cannabis business. In order to provide the highest quality products and have the ability to educate your customers on their options, you will need to navigate a steep learning curve. A cannabis consultant has a deep knowledge of all aspects of the industry and can help you get up to speed much quicker than is possible if you have to figure everything out on your own.

5.    Expand Your Network and Leverage Important Cannabis Industry Connections

Whether you’re starting a new cannabis business or trying to expand an existing company into different areas of the industry, you’ll need the assistance of others to achieve your goals. Your cannabis consultant will have wide range of industry connections that you can leverage based on your specific needs.

For example, if you run a grow operation that has developed a new high-end strain, will you know which dispensaries have the customer base looking for the quality you provide? If you place this strain in dispensaries with more budget-conscious consumers, it may not be the right fit. Your cannabis consultant can connect you with the right retail partners for your new strain.

If you run a retail store, you will need to establish relationships with a variety of wholesale partners. How will you know which wholesalers to do business with? Your cannabis consultant to can put you in touch with the right providers to deliver the products you need while helping you get the best possible deal.

6.    Identify Emerging Opportunities to Pursue

The cannabis industry is constantly evolving. State regulations are always changing, new technologies are being implemented, new products are being developed, and consumer trends change over time. It can be both challenging and time-consuming to stay on top of these developments as they arise.

Your cannabis consulting company will have their finger on the pulse of the industry. They are always monitoring new products, technology and trends. They also stay current on the latest laws and regulations. This knowledge is invaluable as you try to evaluate new potential opportunities that will help your business grow.

American Cannabis Company Can Set Your Business Up for Success

American Cannabis Company provides comprehensive cannabis consulting services. Whether you are a new business applying for a cannabis license and setting up your operations or an existing business seeking to expand, we can position you for success.

ACC has extensive experience working in the cannabis industry – from retail stores to commercial grow operations. We know the specific laws governing the cannabis industry in every state, and we can make specific recommendations that will align with your business goals.

Contact us to schedule a free consultation. American Cannabis Company serves clients nationwide.

Arizona Cannabis Legalization: What You Need to Know

Arizona highway sign with cannabis leaf - Arizona cannabis legalization

Arizona passed Proposition 207, the Smart and Safe Act, during the November 2020 election to legalize the recreational use of cannabis alongside with the medical cannabis program established in 2010. On January 22, 2021, the Arizona Department of Health Services (ADHS) began approving applications for which dispensaries have already opened for business. The speed for which this process was completed makes Arizona the fastest state to successfully launch their cannabis program.

While the program is already underway, there are many rules and regulations which must be followed before you can open a dispensary. The following information will provide an overview of Proposition 207, including what you need to know if you are planning on entering and operating in Arizona’s new recreational cannabis industry.

Purchasing Cannabis

According to the new law, adults who are at least 21 years old can legally purchase cannabis products from a nonprofit state licensed dispensary. A wide range of products will be available for purchase, including flower, extracts, edibles, salves, topicals and capsules.

Proposition 207 allows individuals to:

  • Purchase up to 1 ounce (28 grams) of cannabis with no more than 5 grams in the form of concentrates
  • Cultivate up to six (6) cannabis plants at their primary residence

All recreational cannabis purchases are subject to a 16% sales tax. While delivery services are available for medical cannabis patients, these services will not be offered for recreational cannabis customers at this time.

As part of the state’s medical cannabis program, patients can purchase up to 2.5 ounces (70 grams) in a 14-day period. There is a state-provided tracking system used by all dispensaries to ensure these limits are adhered to. Medical cannabis purchases are subject to a 6.6% state tax and each city is entitled to levy an additional tax of 2-3% if they desire.

Cannabis Licensure in Arizona

The ADHS is responsible for issuing licenses to businesses interested in opening a new dispensary. The following rules have been established to govern the licensure process:

  • Application submissions for a cannabis establishment license (recreational dispensary license) started being processed on January 19, 2020
  • No more than two (2) recreational dispensary licenses will be issued in counties without medical cannabis dispensaries
  • If a county already has a medical dispensary, only one recreational dispensary license will be issued
  • Medical dispensaries that are issued a recreational license will be able to operate both aspects of their business from the same location

Upon receiving a license from the ADHS, a business will be permitted to operate:

  • A single retail location that sells, cultivates and manufactures cannabis products
  • A single off-site cultivation facility which can be used to cultivate and manufacture cannabis products, but not sell them to the public
  • A single off-site location that manufactures, packages and stores cannabis products, but does not sell them to consumers

Social Equity Ownership Program

The ADHS is allowed to issue 26 licenses to applicants who qualify under the Social Equity Ownership Program. This program is being created to promote the ownership of cannabis businesses by people who have been disproportionately impacted by the enforcement of prior cannabis laws. Applications for these special licenses will start being accepted within six (6) months of finalizing the rules of the Social Equity Ownership Program. Currently, there is no timeline for establishing the rules associated with this program.

Cannabis Facility Agent Licenses

In order to work for a cannabis business or testing facility, individuals must obtain a Facility Agent License. Only one facility agent license is required per person and will permit those individuals to work at multiple cannabis businesses or testing facilities.

In order to obtain a Facility Agent License, you must:

  • Be 21 or older
  • Have not been convicted of an excluded felony offense

American Cannabis Company can Help Establish your New Business

Setting up a new cannabis business can be more complicated than you would expect. As there are many legal hurdles to navigate, it is important to have the help of an experienced cannabis consultant who can successfully guide you through the process and ensure your new business is set up for long term success and position itself as a leader in Arizona’s fledgling recreational cannabis industry.

At American Cannabis Company, we have been helping entrepreneurs just like you navigate the waters of establishing new cannabis businesses in each market across the country. Our unique License Right Approach™ is specifically designed to help you obtain a cannabis license and build a foundation for a successful business.

As part of our exclusive approach, you will receive:

  • The proper guidance necessary to ensure you adhere to all Arizona regulations
  • A detailed explanation of the opportunities available that align with your specific business goals
  • Cohesive and comprehensive business planning
  • Our exclusive Green Profits Operations Roadmap™ to help you realize the full potential of your business
  • Our Aligned Success Guarantee™

When you work with ACC, you can count on receiving a flexible approach that puts your unique needs and goals at the forefront. We will help you build your business from the ground up and establish a framework that can help you grow in the burgeoning Arizona cannabis landscape.

Schedule a Consultation

Please contact us today to schedule a consultation. We provide cannabis consulting services nationwide.