When it comes to finding a cannabis business consulting firm that is trustworthy, knowledgeable of the industry, and reputable it can be time consuming to narrow down the field to make an educated decision. There are so many options to choose from that it’s easy for prospective cannabis business owners to be overwhelmed. Often, they later regret making split-second decisions without analyzing the pros and cons of each consultant, firm or business advisor. With countless cannabis consultants claiming to be the best, how can you truly tell which one will keep your company’s best interests in mind? If a cannabis business consulting firm is the most well-known in your area, does that mean they are also reputable and the right fit for your business?
Throughout this blog we will answer these frequently asked questions to help you understand the difference between a skilled grower-turned-consultant and an expert cannabis consulting firm that will help you determine roles, seek licenses and ultimately create the budding business you are envisioning. When you first begin to look for the ideal business consultant for your cannabis company you may encounter former budtenders, operators, clone managers or growers who previously worked for unlicensed operations. While these knowledgeable sources may provide helpful product guidance, they likely will not be successful in helping you achieve the final goal of becoming licensed and fully operational in your state.
The cannabis industry is quickly maturing and breeding some challenges familiar to more evolved and established industries of business. An increase in competition, supply and demand struggles, and an ever-growing need for scalability means that brand value perception and a full understanding of target markets is more important than ever. Gone are the days of setting up a corner dispensary and purchasing bud from an old college roommate. Cannabis brands that want to succeed in 2021 need to know the challenges they are facing and have a comprehensive plan to capture a segment of the market by appealing to appropriate audiences. As the market becomes more competitive, establishing and executing an intentional go-to-market strategy becomes essential. Implementing a plan that is outlined in the very beginning is a key to success that most businesses aren’t fully prepared to embrace. By partnering with a cannabis business consulting agency that understands the big picture and is willing to stick by your side through the growing process, you’ll dramatically increase your chances of achieving future goals and expectations. That being said, in the cannabis industry it’s important to be wary of a business consultant who is too focused on growth or other tactical aspects of the business. At the end of the day, you’ll need a cannabis consultant or cannabis consulting firm who is in tune with your vision and understands the importance of planning.
Selecting a location is often a hurdle for business owners, and it’s a giant hurdle for those seeking an appropriate location for their cannabis business. Local and state laws and regulations regarding cannabis businesses are strict; it’s vital you understand all the requirements—and restrictions—in place for your desired business and location. An experienced, knowledgeable cannabis business consulting firm will have the expertise necessary to find an appropriate business location, and can identify suitable properties for your chosen type of cannabis business (be it retail, distribution or cultivation). In addition, the right firm will know experienced, local commercial licensing agents, architects and contractors to assist you with any acquisition needs. And, a cannabis business consulting firm will have the know-how to assist you as you navigate local politics, committees, and red tape. This is a process you won’t want to attempt to navigate on your own.
As a top consulting firm in the United States, we are dedicated to serving investors, operators, real 1estate owners, and real estate agents.
We help investors–both first-time investors and seasoned professionals–looking for the best ROI for their investment. We advise on the various cannabis investment opportunities, helping determine whether to build a marijuana business from scratch, buy an existing cannabis business to run or flip, develop cannabis real estate, or, act as a cannabis venture capitalist.
Not all of the operators we assist are building their business from the ground up, though those that are benefit greatly from our wealth of experience. If you are already in the licensing process and would like support in navigating the complexities of licensure and business setup, give us a call. BeGreenLegal is a trusted advisor for cannabis business operators at all stages of operational business–especially for those looking to expand their established operations.
BeGreenLegal is a valuable resource for real estate agents, and the owners they represent. Whether you’re exploring options to leverage your property for cannabis cultivation, processing, or retail–we have the knowledge and experience to advise you as to the best return on your investment. And, real estate agents with clients seeking to buy or sell real estate for cannabis use can benefit greatly from our deep knowledge as a cannabis consulting firm. No need to “get back to the client” to answer a battery of questions–we’ll ensure you have the answers ahead of time. From securing permits and licenses, analyzing competition to estimating costs, assigning roles and understanding operational SOPs, a cannabis business consulting firm like BeGreenLegal will provide invaluable insights to save you time and maximize your profits. No matter where your business is at in the process, cannabis consultants BeGreenLegal is dedicated to ensuring your success.