Even though the licensing process differs by jurisdiction, municipality, and State, there are a few commonalities amongst them all. Our team at Canna Business Services can guide you through the nuances of the cannabis licensing process in a variety of ways from partial to full service support. Here are the top items you want to complete to be successful starting your journey into the cannabis space:
The cannabis industry has many different types of businesses. Identifying which avenue you will take first is important so that you can match that with the appropriate application type. The primary business categories in the industry are: retail, cultivation, extraction, infusion, laboratories, and transportation. Note that some states might have different names for the same industry type. For example, some states call extraction and infusion businesses “manufacturing” and others call it “production”.
The next step is to gather your team of experts. Having financial backing in the form of investors is crucial so that you are able to procure consultation services, a location, and other resources along the way. Don’t make the mistake of getting knee-deep in your plan and then running out of money to see it through. After you’ve made sure your funding is set, assemble your team of people you can trust. Specifically, you want people who have experience in the industry and who are well-informed so that you can highlight your team’s expertise in your application.
Prior to obtaining a license, or in many cases submitting your application, you will need to secure property that is zoned correctly and able to support the needs of a cannabis business. This can, at times, be the most challenging part of the process. Our team has worked with countless municipalities to assist our clients in obtaining compliant properties in correctly zoned areas.
Application requirements vary between Standard Operating Procedures (SOPs) and narrative forms surrounding the expectations you have for your business. Either way, these need to be compliant with all state, local, and federal regulations. Ensuring that you are compliant is one of the most important steps in the application process. Canna Business Services has years of experience drafting award-winning applications for our clients in competitive states. Set up a meeting with us today to discuss how we can help you with your business.