Three Services That Cannabis Consultants Can Provide for New Businesses
Currently, there are more than 23 states in the U.S. that have legalized medical cannabis, and four allow use of the substance for recreational purposes, as well. That number is projected to continue growing as more states relax their laws regarding cannabis sale and possession. But as this occurs, more and more entrepreneurs and investors are looking to break into this industry, and they often require the expertise of a consultant to help them make it.
What can a cannabis consulting agency do for you as you begin to establish your business? Here are just a few of the beneficial services they can provide before you begin setting up shop:
- Cannabis Business Licenses: In order to win a business license for a cannabis dispensary or retailer, businesses have to go through a lengthy process in their state. This means having to prepare proposals that outline how the business will be run, what it needs to start up, and how it will comply with the law. This can be a daunting task for any new cannabis businesses, but fortunately, cannabis consultants are available to offer their expertise. When looking for a cannabis consulting firm to help you establish your business, make sure to choose one that has a solid history of winning business licenses in your state.
- Legal Guidance: Although cannabis is quickly growing into a multi-billion industry in the United States, the laws surrounding these products are still in somewhat of a legal gray area. For instance, state laws that allow recreational or medical marijuana are still subject to federal law, which prohibits the sale and possession of this substance. Additionally, even state laws can be confusing and vary from location to location when they dictate how much can be sold, where, and when. In order to make sense of laws surrounding cannabis, entrepreneurs can turn to their cannabis consultants for more information.
- Marketing Advice: Whether you’re in need of a solid medical marijuana marketing strategy or need help branding your recreational cannabis products, cannabis consultants can do just that. Marketing is made easier when you have someone to help with your PR, branding, and advertising strategies. Consultants can also let you know where the commercial aspects of your business fall under the law if there are restrictions placed on cannabis advertising in your state. While business licensing and legal guidance are necessary for establishing a business, getting solid marketing advice is essential for keeping that business running.
Have more questions about working with a cannabis business consultant? Leave a comment below.