Find the Path – Marijuana Startup Services

cannabis startup services

Find the Path – Marijuana Startup Services

Higher Enlightenment – Find the Path

Let’s be real, cannabis-related business is complicated.

New medical and recreational opportunities on the horizon are highly attractive markets with huge potential. However, most entrepreneurs and investors are unfamiliar with the challenges and hurdles that come with new regulatory environments, and many end up failing in their efforts because they don’t have the right systems in place.

Investing in a marijuana businesses consultant greatly increases your chance of success. With nearly a decade in the industry, Higher Yields Consulting is the nation’s premier firm. With over 100 completed cannabis license applications in 13 merit-based states and 6 countries, we have the experience, proven track record, and systems to take your business from seed to scale.

Our 4-step Higher Enlightenment process equips owners and operators with the tools and know-how to get started and navigate the industry with confidence.

Find the Path is Step 1 and the foundation for creating a successful business. These marijuana startup services will prepare your business to weather the complex challenges of the always-evolving legal cannabis industry.

Find the Path is the road to success in the cannabis industry. Whether you’re just getting started and looking for a team to help manage and direct the process, or if you’re interested in shoring up your operations to become more efficient and compliant, we can help.

Contact Higher Yields for a consultation on how Higher Yields Consulting can be of service to you!

WHY CHOOSE HYC FOR STARTUP CONSULTING SERVICES?

 
  • Applying for a marijuana business license is a timely and often arduous process. With high stakes and high competition in new markets, utilizing our Marijuana Business Applications services will mitigate your risk and make you an attractive candidate to regulators
  • We’ve provided services to domestic and international clients and worked in dozens of varying regulatory frameworks. Our cutting-edge consultants will work with you to create a consistent and compelling narrative. With customizable templates, award-winning core operating materials and procedures, our dedicated team will make this process efficient, saving you time and money.
  • An optimized operation starts with incorporating proven Standard Operating Procedures. These are fundamental base-protocols for running an effective business and navigating the changing rules and regulations. Our templates create well-defined processes and step-by-step instructions specific to your regulatory environment.
  • Different markets each have unique rules regulations – staying current and compliant is mandatory if you want to stay in business. These rules often change very quickly as regulators respond to new challenges, which can in turn cause businesses to become non-compliant overnight.
  • Our Marijuana Business Compliance services leave you confident that your operations are above-board and running smoothly. On-site consultants will complete a comprehensive audit of your facilities, identify potential violations, provide corrective action, and ensure owners and operators are properly trained in best practices.
  • A thorough understanding of METRC, the marijuana products tracking and tracing software, is essential to remaining compliant. One discrepancy between this software and your inventory can spell disaster for your business, as you will face heavy fines or risk losing your license.
  • Our METRC Reconciliation services will help you discover and rectify any differences. We also train your employees on proven methods to lessen inconsistencies, empowering your teams and giving them confidence to handle future errors with ease.
  • Marijuana business tax structures are complicated and many startups are taken by surprise when they close out their first year of operations. With our 280E Tax Structure services you will gain a clear understanding of this arcane rule and have a strategy in place to minimize your liability and increase your bottom line. Our consultants will help you save annually by reducing taxable income through the proper allocation of taxable goods.

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Higher Yields Cannabis Consulting

Higher Yields Cannabis Consulting

Higher Yields Consulting is a Marijuana Consulting Group comprised of industry experts with decades of combined experience in the legal industry. Whether you are looking to get into the business or already have a license we can help your business succeed. Call (844) HI-YIELD to schedule a free initial consultation.

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Marijuana Business Banking in Florida

cannabis business banking

Marijuana Business Banking in Florida

Marijuana Banking Is Now Open For Business in Florida

The Sunshine State has one of the fastest growing medical marijuana markets in the country. Since the start of 2018, the number of patients enrolled in the state’s program has increased by 100% with no sign that enrollment will slow down. Marijuana business banking services in Florida are going to be in high demand.

Additionally, Florida is considering changes to its program that will drive the numbers even higher and open the floodgates for more cannabis business licensing.

For example, smokable flower is currently not for sale, however the state is expected to make a decision this fall to regulate the cultivation, distribution, and sale of cannabis flower.

Also, Florida’s Department of Health is currently writing rules regarding the production of cannabis edibles, one of the fastest growing parts of the cannabis industry, and which will surely increase enrollment.

While this is great for the industry, for patients, and for commerce, Florida’s cannabis business owners took a hit earlier in the year when First Green Bank, an Orlando-based financial institution, closed its doors to medical marijuana.

Many Florida medical marijuana businesses were left in the dust without anywhere to stash their cash, and had to rely on risky models to pay their employees and keep their doors open.

One of the largest challenges facing owners in the cannabis industry is securing their money. Most businesses still operate on a cash-only basis, which increases risk, decreases growth, and oftentimes leads to the violation of state laws and regulations.

Thankfully, as the industry has matured, reliable, regulated banking is becoming more and more available in most states.

If your marijuana business needs banking services, Higher Yields Consulting has you covered. We’ve partnered with top financial institutions that are ready and willing to work with your business and provide the services you need.

HOW MARIJUANA BANKING WORKS

 

The first step is doing an evaluation of your cannabis business to examine whether or not it is in compliance with FINCEN (Financial Crimes Enforcement Network). Once your business has successfully completed this process, we submit your information to participating financial institutions and work to find the best one that suits your needs.

We then provide the support and services based on your business needs. This includes monitoring your account and integrating and syncing your POS for reporting and verification by your new financial institution.

KEY BENEFITS OF MARIJUANA BUSINESS BANKING SERVICES

 

We foster a direct banking relationship with an established financial institution. This gives you access to checking and savings accounts with check writing, in addition to armored carrier services and vaulting for your cash.

You will also have access to tax and payroll services that allow you to not only pay your employees with actual paychecks and potentially direct-deposit, but also easily withhold for taxes and avoid any penalties associated with paying for your taxes with cash.

All of this allows you to run your cannabis business more effectively and safely. With the increased security of depositing your daily receipts, minimizing the amount of cash passing through hands at your business, and receiving an ongoing level of service that is in compliance with FINCEN, you can focus on what matters most: growing your business and offering a superior level of quality and service to your customers.

Contact us from Higher Yields Consulting to establish banking stability for your business.

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Higher Yields Cannabis Consulting

Higher Yields Cannabis Consulting

Higher Yields Consulting is a Marijuana Consulting Group comprised of industry experts with decades of combined experience in the legal industry. Whether you are looking to get into the business or already have a license we can help your business succeed. Call (844) HI-YIELD to schedule a free initial consultation.

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Michigan Welcomes Cannabis Banking Services

cannabis banking michigan

Michigan Welcomes Cannabis Banking Services

Banking Will Make Or Break Your Cannabis Business In Michigan

 

The Michigan Medical Marijuana Licensing Board has yet to award a single license for marijuana businesses in the state.

The state’s law regulating the medical marijuana market was passed over 18 months ago, and in the six months since the state’s regulatory agency began accepting applications, medical marijuana is still not open for business.

There are a number of factors for why no license has been awarded, however one of the largest roadblocks is that marijuana business owners are finding it difficult to access to traditional banking services.

Michigan lawmakers project that cannabis could grow up to $837 million dollars in the first year, but with nowhere to secure their cash, many businesses are struggling to stay above board.

Thankfully, as the industry has matured in other states, cannabis businesses now have access to traditional, regulated, banking services, which gives business owners peace of mind knowing that their money is secure.

Securing your money may make the difference between whether or not your cannabis business is awarded a license by the Michigan Medical Marijuana Licensing Board.

If you need banking, Higher Yields Consulting has you covered. We’ve partnered with top financial institutions that are ready and willing to work with your business and provide the services you need.

HOW CANNABIS BANKING WORKS

 

The first step is doing an evaluation of your cannabis business to examine whether or not it is in compliance with FINCEN (Financial Crimes Enforcement Network). Once you’ve successfully completed this process, we submit your information to participating financial institutions and work to find the best one that suits your needs.

We then provide the support and services based on your business needs. This includes monitoring your account and integrating and syncing your POS for reporting and verification by your new financial institution.

KEY BENEFITS of CRB BANKING

 

We foster a direct banking relationship with an established financial institution. This gives you access to checking and savings accounts with check writing, in addition to armored carrier services and vaulting for your cash.

You will also have access to tax and payroll services that allow you to not only pay your employees with actual paychecks and potentially direct-deposit, but also easily withhold for taxes and avoid any penalties associated with paying for your taxes with cash.

Contact us to get your business financial stability today. 

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Higher Yields Cannabis Consulting

Higher Yields Cannabis Consulting

Higher Yields Consulting is a Marijuana Consulting Group comprised of industry experts with decades of combined experience in the legal industry. Whether you are looking to get into the business or already have a license we can help your business succeed. Call (844) HI-YIELD to schedule a free initial consultation.

The Latest from our cannabis consulting blog

Cannabis Banking Services in Nevada

cannabis banking

Cannabis Banking Services in Nevada

Blast The Barriers In The Nevada Cannabis Industry With Regulated Banking

 

After only 10 months into the fiscal year, cannabis is a $434 million industry in Nevada. The economic potential is staggering, however many marijuana businesses face major hurdles and security concerns when it comes to stashing their cash.

The projected revenue for the US cannabis industry is expected to exceed $10 billion in 2018. With so much money passing hands, it’s incredible to consider that the industry is still mostly cash-operated.

The unfortunate fact is that many traditional financial institutions simply aren’t willing to work with marijuana businesses, and the difference between a business being awarded a license may come down to whether or not they have legitimate banking services.

One of the largest challenges facing business owners in the cannabis industry is securing their capital. For years, businesses have not had a reliable solution to their banking needs and had to rely on cash-only transactions to sell their products.

Operating a cash-only marijuana business not only creates a lot of barriers to financial security and the needs of running a modern, successful company, but also increases the risk of crime, money laundering, financial corruption, and the violation of state marijuana laws and regulations.

Thankfully, as the industry has matured, cannabis businesses now have access to traditional banking models that are regulated, which gives business owners peace of mind knowing that their money is secure.

If your marijuana business needs banking services, Higher Yields Consulting has you covered. We’ve partnered with top financial institutions that are ready and willing to work with your business and provide the services you need.

HOW CANNABIS BANKING WORKS IN NEVADA

 

The first step is doing an evaluation of your cannabis business to examine whether or not it is in compliance with FINCEN (Financial Crimes Enforcement Network). Once your business has successfully completed this process, we submit your information to participating financial institutions and work to find the best one that suits your needs.

We then provide the support and services based on your business needs. This includes monitoring your account and integrating and syncing your POS for reporting and verification by your new financial institution.

KEY BENEFITS OF CRB BANKING SERVICES

 

We foster a direct banking relationship with an established financial institution. This gives you access to checking and savings accounts with check writing, in addition to armored carrier services and vaulting for your cash.

Contact Higher Yields Consulting to help evaluate your banking needs. 

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Higher Yields Cannabis Consulting

Higher Yields Cannabis Consulting

Higher Yields Consulting is a Marijuana Consulting Group comprised of industry experts with decades of combined experience in the legal industry. Whether you are looking to get into the business or already have a license we can help your business succeed. Call (844) HI-YIELD to schedule a free initial consultation.

The Latest from our cannabis consulting blog

Massachusetts Cannabis Related Business Banking Services

cannabusiness banking

Massachusetts Cannabis Related Business Banking Services

The Massachusetts Cannabis Control Commission began issuing its first recreational licenses to marijuana businesses this week, however non-medical sales are likely weeks away.

The state has seen a slow roll-out of its new recreational cannabis law, much in part due to the reluctance of banks and traditional lenders to work with marijuana businesses.

Because of this, industry executives predict that less than a dozen cannabis retail locations will open in Massachusetts before the end of July. However, if you plan to open a retail location or other cannabis business in the Bay State, you can jump ahead of the competition and have access to traditional, regulated banking models that secures your cash and gives you peace of mind to run your business.

Higher Yields Consulting has your banking needs covered. We’ve partnered with top financial institutions that are ready and willing to work with your business and provide the services you need.

HOW CANNABIS BANKING WORKS

 

The first step is doing an evaluation of your cannabis business to examine whether or not it is in compliance with FINCEN (Financial Crimes Enforcement Network). Once you’ve successfully completed this process, we submit your information to participating financial institutions and work to find the best one that suits your needs.

We then provide the support and services based on your business needs. This includes monitoring your account and integrating and syncing your POS for reporting and verification by your new financial institution.

KEY BENEFITS OF CRB BANKING

 

We foster a direct banking relationship with an established financial institution. This gives you access to checking and savings accounts with check writing, in addition to armored carrier services and vaulting for your cash.

You will also have access to tax and payroll services that allow you to not only pay your employees with actual paychecks and potentially direct-deposit, but also easily withhold for taxes and avoid any penalties associated with paying for your taxes with cash.

All of this allows you to run your cannabis business more effectively and safely. With the increased security of depositing your daily receipts, minimizing the amount of cash passing through hands at your business, and receiving an ongoing level of service that is in compliance with FINCEN, you can focus on what matters most: growing your business and offering a superior level of quality and service to your customers.

Contact us at Higher Yields Consulting to get your business a banking account today

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Higher Yields Cannabis Consulting

Higher Yields Cannabis Consulting

Higher Yields Consulting is a Marijuana Consulting Group comprised of industry experts with decades of combined experience in the legal industry. Whether you are looking to get into the business or already have a license we can help your business succeed. Call (844) HI-YIELD to schedule a free initial consultation.

The Latest from our cannabis consulting blog