GET RID OF UNCERTAINTY WITH A FEASIBILITY STUDY
From the Cannabis Business Experts
at Higher Yields Consulting
Entering the cannabis industry is no small feat – it requires commitment, countless hours of planning and strategy work, and a significant financial investment.
If you’re weighed down with uncertainty, afraid of failure, and wondering if your cannabis business idea has potential, then get the clarity you need with a feasibility study from the cannabis business experts at Higher Yields.
STARTUP STRONG
The cannabis industry is highly complex and regulated. A Feasibility Study from the cannabis business experts at Higher Yields brings clarity, processes, and systems to your business idea so you can startup strong!
Build your business on proven practices, not theories.
At Higher Yields Consulting, our Feasibility Studies are based on thorough market research, data, and more than 100 years of combined experience in the cannabis industry.
Our phased approach allows us to mitigate risks and protect your investment in your budding cannabis business so you can shorten the time to profitability as you ramp up your operation.
We Bring Clarity to an
Uncertain Business Venture
Branding
Swot Analysis
Design & Build
Marketing
Financial Models
Human Assets
product
development
ROI Testing & Refinement
Get your feasibility study underway today!
YOUR ROADMAP TO SUCCESS:
FROM CONCEPT TO OPERATIONAL EXCELLENCE
What Is a Feasibility Study?
In performing a Feasibility Study, we research and provide strategic direction for every aspect of your unique business. In addition to consultation calls with our team of cannabis business experts, you will receive a documented strategy and roadmap for a successful operation under your unique vision.
Will My Feasibility Study Be Unique?
Absolutely! Every cannabis business we work with is unique – and therefore, every Feasibility Study is unique. Our goal is to honor your goals, reasons for getting into the cannabis industry, mission, values, and brand in everything that we do.
When we begin working together, we’ll meet to discuss your vision for your business. Then, our cannabis business experts will go to work curating market research, demand generating strategies, and decades' worth of systems, processes, and resources.
What Is Included In a Feasibility Study?
Your Feasibility Study will include market research, a SWOT analysis, financial models, and brand-specific strategies which will serve as your roadmap to success.
Our cannabis business experts will tailor your Feasibility Study to your exact stage of business and the largest obstacles you’re facing. Based on your specific needs – such as licensing support, real estate, financing, facility design and build, cannabis banking, and more – we will include guidance to get you on the road to success!
How Long Will a Feasibility Study Last?
Our goal is to get you to your goal. If you want to grow and scale your business in the future, we’ll build your Feasibility Study with your long-term trajectory in mind. We’ll ensure that everything you’re building today based on our Feasibility Study is taking you to your desired end goal in the fastest, most efficient, and most fiscally responsible way possible.
As a client of Higher Yields Consulting, you also get access to our vast international network of businesses, partners, and influential leaders in the cannabis industry, which can accelerate your path to your goals.
Our Passion Is
Your Passion
Our Success Is
Your Success
REACH OUT TO THE CANNABIS BUSINESS EXPERTS AT HIGHER YIELDS TODAY TO GET STARTED WITH A FEASIBILITY!
When Should I Seek Out
a Feasibility Study?
A Feasibility Study is designed to not only give your cannabis business the best strategic footing in the marketplace, but also to correct or improve upon any existing systems and structures.
We provide Feasibility Studies for businesses at the following stages:
Pre-Licensing
Before you head into the licensing process, a Feasibility Study from the trusted cannabis experts at Higher Yields will ensure you are putting your best strategy and the strongest facets of your business forward in order to obtain the license and supporting assets you need.
Post-Licensing, Pre-Operation
If you have secured your license and are ready to begin the development of your operation, a Feasibility Study will connect the dots from your theoretical business plan to your actual, tangible operation. A Feasibility Study from Higher Yields will support you in optimizing everything from your facility design and build to your staffing, product development, and compliance.
Post-Operation for Efficiency & Expansion
Our cannabis business experts frequently perform Feasibility Studies on existing cannabis businesses in order to elevate the efficiency and profitability of the business. Particularly if you plan to expand your business, a Feasibility Study will give you the roadmap to faster success.
STABILIZE YOUR START-UP WITH
INNOVATIVE CANNABIS FINANCING
If you’re a startup cannabis business owner and you’re lacking seed funding, grants are a great way to keep the ball rolling and to build momentum in your business while also showing proof of concept until you can get investors to see your vision and support your mission.
R&D grants can be used to secure intellectual property, develop products, initiate branding and marketing, and develop your HR and operational plans – and more.
At Higher Yields Consulting, we take a data-driven approach to vetting potential grants and narrowing the scope of which grants are the most viable to apply for.
Using a proprietary software, we sift through massive quantities of data including whether grants are funded or unfunded, whether the grant terms and timelines align with your business goals, causes and initiatives that you qualify for, and problems that your unique product or service can solve.
We support startup and developing businesses by:
- Vetting potential grants
- Matching members of the grant pool with demographically-focused grants, such as those with social equity missions or that are seeking minority- or female-owned businesses
- Matching you with collaborative business owners to create a stronger application
- Enhancing winnability with data to save time and effort on your behalf
- Prioritizing potential grants to quicken the funding process
- Grant application writing, including compiling budgets and forecasting
- Grant application submission and tracking
- Grant award tracking, compliance, and reporting
- Grant renewals
Using R&D grants as a cannabis financing strategy can often be overwhelming for business owners to manage on their own, which is why we support our clients from start to finish, including tracking all of your applications, managing the grant award, and ensuring compliance and reporting is complete to maximize your opportunity for additional funding or grant renewal.
MEDICINAL USE OR RECREATIONAL CANNABIS?
Several states offer both recreational and medical marijuana programs. Deciding which type of business model will be the most lucrative for you is a tough but critical decision.
Our marijuana consultants have compiled the pros and cons of each to help you make an informed decision.
5 TIPS FOR WINNING A CANNABIS DISPENSARY LICENSE
Higher Yields’ marijuana consultants have years of experience when it comes to winning licenses in the cannabis industry.
We’ve put together our best cannabis license tips to help you acquire a marijuana business license in your state.
TIPS FOR WINNING A LICENSE 3 COMMON MISTAKES TO AVOID ON YOUR APPLICATIONS
We’ve heard far too many horror stories about businesses failing to use a marijuana consultant when applying for a cannabis license. Your chances of being awarded a license plummet and, in a merit based state, you only get one chance. Here are 3 things you do not want to do if you plan on being successful.
STATE CANNABIS COMPLIANCE
& POS TRACKING REQUIREMENTS
NEED HELP SETTING UP
OR OPTIMIZING METRC?
Learn more about our METRC
consulting services.
READY TO SCALE WITH
DATA-DRIVEN INSIGHTS?
Learn more about how our data experts leverage METRC to give you smart strategic insights to make better business decisions.
In addition to maintaining accurate and healthy POS tracking and compliance systems, you also need to be aware of and in compliance with state and federal regulations.
State requirements tend to cover more granular details related to operating procedures and personnel, whereas federal requirements tend to cover issues related to transportation and diversion prevention.
Although every state is different and has unique requirements for compliance and licensing, your state will often scrutinize matters such as:
- Employment Guidelines
- Signage & Licensing
- Badges
- Security & Video Surveillance
- Records & Operating Plans
- Training & Employee Records
- Insurance Requirements
State requirements for POS tracking and operations vary greatly and information on your state’s guidelines may be buried in years of layers of legislation. Having an expert in your state’s regulations can go a long way to ensure there is no threat to your operation be put on probation or shut down temporarily or entirely.
THE STATE OF SOCIAL EQUITY IN THE UNITED STATES
At Higher Yields Consulting, we believe that the cannabis industry has to be unified in our approach and message in order to be successful with social equity programs. The groundwork has been laid in previous states – with varying degrees of success – and we are now seeing a bigger focus on new states having these programs.
However, state governments have to take the initiative to make these programs work. Large operators and influencers of this industry have to think beyond personal monetary gain and seek a deeper understanding for when the industry can come together and fight together for these things in this industry, then we get closer to an equal and inclusive industry.
EXPERT TIPS FOR PARTICIPATING IN CANNABIS SOCIAL EQUITY PROGRAMS
Are you considering applying for a cannabis social equity program? Here are our expert tips for maximizing your chances of success in this highly competitive market.
Get Accredited or Certified as a Minority- or Women-Owned Business.
Even if you know you qualify, an accreditation or certification from your state’s program will go a long way to supporting your application.
Understand the common criteria state-to-state.
Most states have a lot of criteria, philosophies, and goals in common. Make sure you understand those basic points thoroughly so you can tailor your application for the broadest success.
Get to know your state’s unique social equity applicant criteria.
Before submitting a state application, build on your general application by tailoring it to your state’s unique preferences and goals for your local cannabis social equity program.
Work with expert cannabis consultants to supercharge your application.
Cannabis experts, like those at Higher Yields Consulting, understand how to position you and your experience to stand out from the competition so that you can benefit from the available cannabis social equity programs.
Reach out to us today to schedule a consultation and discuss your options.