5 Tips for a Successful Cannabis Dispensary License Application

Cannabis Business Team

5 Tips for a Successful Cannabis Dispensary License Application

Getting started on your cannabis dispensary license application? It can be a complicated process! Just ask Higher Yields’ application writers and consultants. We’ve been awarded licenses in over 13 states, in both the adult use and medical markets, and it hasn’t always been an easy road. But with the right approach, getting approval is within reach.

Here are our top 5 tips for a submitting a successful cannabis license application:

1. Don’t procrastinate! Plan ahead to finish your application on time.

This tip might seem obvious, but many applicants put off working on their application until the time is almost up. The last thing you want is to end up in the 11th hour throwing things together without much intention.

Each application has a big list of requirements, and it’s important to make sure each section is strong and complete. Plan ahead and delegate sections so you can make sure you have time to finish with a competitive application.

Dispensary License

2. Put together a strong team with a good business history.

In many states, applications are judged based on merit. This means they are more likely to give out licenses to those with a strong proven track record for success in cannabis, making money and paying the bills on time. Put together a strong team with members who have a history of success in the type of work your company will be engaged in. You should have some experts in your field, a strong financial partner, and consultants with the experience to fill in any gaps. Some states even require a doctor or pharmacist be on the team.

Your application should be built around the strengths of your team, so make sure it is a team worth highlighting.

3. Create detailed operations plans.

It’s important to create detailed operations plans for your application. This is one of the harder parts to put together, because it requires someone experienced in the industry who can really understand the day to day operations of your business. This can be a challenge because many business owners don’t know the details of day-to-day operations that haven’t started yet. These plans need to cover everything involved in your business including things like compliance, community engagement, record keeping, audits, security and more.

This is once place where consultants can be extremely helpful. We have thousands of pages of operating plans already created, which can be cut down and customized to your business.

4. Find the right real estate – but buy on a contingency.

Another crucial aspect of your application is the real estate. You need to find just the right property to house a cannabis business. This property should meet all the zoning requirements of your state, and local jurisdiction, and be suitable for the day-to-day needs of your business. But once you find that property, you also have to convince the owner to let you purchase or rent on a contingency. This is easier said than done, since many owners don’t want to wait around for months to see if your approved, but it is important. That last thing you want is to end up with a unusable property, if your cannabis license application is denied.

Finding the real estate on contingency is one half of the battle, but then you will also need to get the local government to approve. Some jurisdictions have officials that just want to help applicants get going and start bringing in some tax revenue, but others are trying to slow things down and make things difficult. Finding real estate in an area that’s more friendly to cannabis business can make a big difference.

5. Build a local presence.

Wherever you decide to start your business, it’s important to build a local presence. Most states and localities aren’t crazy about people coming in from outside to create cannabis businesses, and making money off their citizens without creating any jobs. So, it’s important to have a local team, or at least have members of your team that are local.

Moving to the area for even a few months before you submit your application can also make a difference. Get involved in the local cannabis community, go to the local political meetings and town hall meetings about cannabis, meet the decision makers and show your investment in the community. Establishing strong relationships with regulators can help later when they are grading applications. Plus, attending these meetings gives you a front row seat to new developments, so you won’t get caught off guard to any changes in the local cannabis policies.

Need some help with your application? Higher Yields Cannabis Consulting can help. Our knowledgeable consultants and application writers have helped cannabis businesses achieve licensing success in over 13 states. We can help your business navigate the process as well. Contact us to get started creating a cannabis license application that stands out from the crowd.

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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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3 Big Mistakes to Avoid on your Cannabis License Applications

3 Cannabis License Mistakes

3 Big Mistakes to Avoid on your Cannabis License Applications

The Complex Cannabis License Application Process

Writing a cannabis business license application isn’t always a walk in the park. It’s an extensive project that requires expertise, planning, and a lot of hard work. So there are few things more frustrating than attempting to go through this long process only to have your application denied.

Unfortunately this is often the situation for cannabis entrepreneurs who are looking to build a new business but unaware of the common pitfalls and problems that might arise while applying.

At Higher Yields Consulting we’ve helped applicants in 13 different states achieve licensing success, so we know just how tricky it can be. To help you out, we’ve created a list of the 3 biggest mistakes you can make while applying for your cannabis license application.

1. Underestimating the Cannabis License Process and Procrastinating

Perhaps the biggest mistake that applicants make when applying for a cannabis business license is to underestimate the work and time it will take to finish. Procrastination is tempting, especially when you may be delayed on finishing certain sections while you work out the details. But this procrastination can be the kiss of death, leaving applicants bumping up against their deadlines without time to actually complete the hefty application.

Instead of procrastination, make sure to plan out every aspect of your application. It may seem like one big project that you can knock out when the time is right, but it’s actually a lot of smaller projects, like building a team, creating the operational plans, meeting regulations, recruiting, real estate, development, and financials. Each one of these is their own project and needs to be taken seriously and meticulously planned out in advance. Finish your application early and make sure to have the most detail oriented person on your team look it over. Make sure every section is complete and properly filled out, so you don’t get rejected over a technicality.

cannabis loicense

2. Doing Your Cannabis License Application on Your Own

As we mentioned above, completing your application is a huge endeavor, so don’t try to do it all by yourself. This is a common mistake that usually ends poorly. The most successful applications are usually put together by a team of cannabis professionals working together, not a single individual.

Plan out with your team who will complete each section, so you can all start working, filling out your individual pieces in tandem. For each section of the application, make sure that the person writing it has the expertise and experience to do a great job. This means you should either have that expertise already present on your team, or find consultants who have the knowledge to help you fill in the blanks. You will need a lot of different people and you need everybody to be moving forward together at the same time. Make sure roles and responsibilities, as well as internal deadlines are clear for everyone involved, so that you can stay up to date with your external deadlines, and never miss the deadline for turning your application in.

3. Saying Too Much on Your Cannabis License Application

One other common mistake that people make on their application is saying too much about their future plans. Maybe you are applying for a cultivation license but you’d also like your business to do work with extraction. Some applicants might think it makes sense to share their future extraction plans while describing their cultivation plan. But these details aren’t relevant to those who are deciding about your cultivation license and could actually cause confusion or problems.

For example, regulators might think that you are planning to do extraction based on only the cultivation license and get confused. Or maybe your local regulators aren’t as friendly to extraction as they are to cultivation, and would see your cultivation plan less favorably knowing your other plans for the future. Either way, sharing too many details can get in the way and cause big problems.

Instead, stay focused on a clear, simple and consistent plan, one that is relevant to the the license type you are applying for. You can always do planning in the background to prepare for the future. Just don’t add it into your current application.

Looking for help with your application? Our knowledgeable consultants and application writers have helped cannabis businesses achieve licensing success in over 13 states. We can help your business navigate the process as well.

Contact us to get started creating a cannabis license application that is set up for success.

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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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Creating a Cannabis Business Plan

cannabis business plans

Creating a Cannabis Business Plan

Cannabis Business Plan – Where to Start

Trying to start your cannabis business plan? It’s one of the most important documents you’ll create when it comes to the success of your business, so it’s worth putting in some time to get it right. Not only should this lay out all the details of how you’ll pull off your big cannabis business idea, but it is also the document that investors will look at to decide whether your business is worth taking a risk on.

At Higher Yields Consulting, we’ve helped many entrepreneurs to craft successful business plans that entice investors and set up a business for success. So, we thought we’d share some tips on how to create a business plan that makes investors take notice.

Gather All The Pieces for s Successful Cannabis Business Plan

Once you have a strong idea for your cannabis business, you’ll want to spend some time figuring out what you need to make it happen. You may already have some pieces of the picture in place, so start with what you have and then figure out what else you will need. Perhaps you already have a strong team, but need to find a piece of real estate to operate from. Maybe you already have a piece of land, but you need a financial partner to fund development of the property.

Get together the details of everything you need to make this cannabis businessplan to work, such as real estate, a strong team, a business strategy, and well developed financials. If you find something is missing, research and then describe what it will take to obtain it. This could mean spelling out the cost of the real estate you’d like to purchase, or the cost of recruiting that expert you need on the team. Whatever it is, if it is required to make your business function, it should be included in one way or another in the business plan.

Create a Strong Strategy with Cannabusiness Financial Plans

Creating a strong strategy with realistic financials is also a huge part of the battle when it comes to making a successful business plan. Your investors want to know that you have a strategy for how to create and sustain this business in its current market. Consider how your business will stand out from the crowd? Do you have any competitive advantages when compared to the competition? How will you grow your brand and market share over time? Developing this part of the plan can take a lot of creativity and business experience. But, it is also the part of your plan that lays out how you will move forward. If it isn’t well developed – you probably aren’t ready to start a business. If you aren’t confident in what you have, find help from consultants or other experts in the field to develop something great.

Include an Exit Plan

One of the most important parts of a business plan, from an investor’s point of view, is the exit plan. You might think it’s bad form to talk about what might go wrong in your business, while trying to convince an investor to fund your project. But actually, this is one of the key aspects of the plan that investors look for. While your investor might believe in the business and its potential for success, they also know that 90% of startups fail, and this one might too. So investors want to know that there is an exit strategy for how to recoup costs if things don’t go to plan. This might be as simple as reselling or leasing the property that was being used, or even selling off your cannabis license to a bigger player in space. So look over the assets you have or want to acquire. What could you do to recoup funds if things go south and you need to shut down?

Get Help Filling in the Gaps

It’s not at all unusual for an entrepreneur to feel overwhelmed by the task of creating a business plan. It’s a big task with a lot of complex pieces, and it requires expertise in a lot of different areas. If you are doing it by yourself, you’ll likely find there are gaps in your knowledge where experts might be able to offer assistance. There is no shame in asking for help. This business plan will set up your entire operation for success or failure so find help from consultants or other experts to fill in the gaps.

When we work with clients at Higher Yields Consulting, we utilize our experience to help steer them in the right direction. We’ve been through business plan creation so many times, and can help clients develop a strong strategy, build solid financials and avoid common pitfalls in the planning process. We can even help navigate tricky questions like how much equity to preserve while still making an enticing offer to investors.

If you need help crafting your business plan, contact us to see how our team of consultants can help you create a plan that will stand out from the crowd and make investors want to sign on the dotted line.

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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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Cannabis Business Planning 101: Finding Your Big Idea

Cannabis Business Plan

Cannabis Business Planning 101: Finding Your Big Idea

Planning For Your Big Cannabis Business Idea

The green rush is here. With more and more areas in the US and abroad shifting their policies to allow for legal cannabis, the marijuana industry has become the fastest growing industry in the world. Still, while many want to get involved with the space and cash in on the rapidly expanding market, not everyone has found a big cannabis business idea that can can stand out against the competition. Let our consultants help you understand proper cannabis business planning from the ground up.

At Higher Yields Consulting, part of our work is to help cannabis entrepreneurs brainstorm big ideas that can bring even bigger returns. So we thought we’d share some of the basic steps you can use when brainstorming your own big idea. 

Assess Your Expertise – Do You Need a Cannabis Business Consultant?

When we work with clients on brainstorming business ideas, we usually start by assessing their team and the expertise they bring to the table. So to get started with your own brainstorming session, consider the backgrounds of the people on your team. What skills do they have which might transfer to the cannabis industry? If someone comes from real estate, this could be helpful for more real estate driven business models. Does your team have a background in sales? Perhaps distribution is a good fit. Come from a manufacturing background? You might do well with extraction or product manufacturing. Got a talented chef in the mix? Try doing something with edibles. Will you need to bring in cannabis business consultants to help you accomplish your goals?

Whatever skill sets are present on your team should be the starting point for your brainstorming process. There is no point moving forward on a brilliant business idea, if your team won’t be able to actually pull it off. So make sure you design a plan that speaks to your expertise and feels like something you can make happen.

Cannabis Business Planning – Understand Your Market

While it’s key to start with your own teams expertise, you also have to find an idea that fits into the market you are working in. Even if you craft the perfect plan for your team, if it doesn’t work well in your particular area, it’s just not the right idea. So you will also have to look at where you are at, and how to modify your plans so that they make sense in that context.

Part of this stage is looking at the cannabis services already available in your market. You want to notice if there are gaps (areas where a service or product is needed) or areas of over saturation.

For example, in Colorado there is an over saturation of cannabis cultivators, but much fewer cannabis dispensaries. In this market you can make a lot more money opening up a cannabis shop than you could trying to compete as a cultivator with a stand-alone grow facility. So if cultivation is your team’s skill set, but your in Colorado, a market that is over saturated with cultivators, you’ll need a good plan. You might consider a plan that includes vertical integration so you can cash in on your growing skills by selling your cannabis through your own storefront. These market factors can be the difference between success and failure, so you should always take them into account when you are brainstorming your big idea.

Calibrate Your Financials

Finally, it’s important that your idea has the financials to support it. It’s great to dream big, but you need to have a realistic plan for reaching those big goals. If you know you have a certain budget, make sure that your plans are achievable within that budget. If you are courting investors as part of the process, you’ll need to have a strong business plan with a financial strategy that shows you understand what it will take to make your idea happen, and how much return your investors can expect to get back. Your numbers need to make sense with your plan and show that the business can be profitable. This will not only put investors at ease and increase the likelihood that they will want to invest, it will also ensure that your plan has it’s best chance at success. All in all, it will save you a world of heartache and stress later down the line.

If all this sounds like a big project, it certainly can be. Planning a successful new business isn’t a simple task. After all, 90% of new startups fail. That’s why getting advice and insight from expert consultants can be a big help. From brainstorming, to sharing insider knowledge about the different cannabis markets, to assisting with the complicated financial planning, our consultants have a lot of experience with this part of the process. Feel free to contact us for help or advice on finding your big idea.

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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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Cannabis Consulting: Why Your Cannabis Business Might Need A Complete Compliance Audit

cannabis compliance

Cannabis Consulting: Why Your Cannabis Business Might Need A Complete Compliance Audit

CANNABIS COMPLIANCE –  OVERVIEW OF THE BEST FOUNDATIONS

In the new cannabis industry regulations have a way of creeping up on you. Cannabis compliance regulations are in a constant state of change as the industry is just beginning to grow and adjust as is the case with any new market.

How does a cannabis business hope to stay on top of compliance and regulations?

Higher Yields Consulting helps with cannabis consulting for most cannabis businesses who are in need of fulfilling cannabis compliance requirements – in all 50 States of the U.S.

Our cannabis business compliance consultants specialize in giving a thorough compliance audit to check for any business compliance gaps a cannabis business may have.

We’ll go over the foundations for keeping your cannabis business compliant with the current and ever-changing regulations. With the foundations up to date, you’re ready to maximize your efficiency in business processing and operations.

WHAT IS CANNABIS BUSINESS COMPLIANCE?

Cannabis business compliance is the process of business adhering to established laws, standards, regulations, policies, and remaining up to date on emerging trends. When abiding by the regulations the state government sets forth, it’s necessary to have cannabis compliance as one of your primary business goals.

Cannabis compliance can help cannabis businesses achieve other goals for overall growth in the business. Taking the necessary steps to comply with relevant laws that change consistently within the industry will keep your business ahead of competitors.

Below are the following types of cannabis businesses we help through cannabis compliance:

  • Provisioning Center/Dispensary
  • Grower
  • Processor
  • Secure Transporter
  • Safety Compliance Facility or Lab Testing Facility
  • Cannabis Facility
  • Cannabis infused Product or Cannabis Edibles
  • And much more

We help cannabis businesses remain ahead of the curve through a complete cannabis compliance audit.

INITIALIZING A CANNABIS COMPLIANCE AUDIT

A cannabis compliance audit is an extensive review of a cannabis organization’s adherence to the laws and regulations. A compliance audit for any type of cannabis business will give us an idea of what stage you’re at.

Higher Yields Consulting will walk your business through all the compliant intricacies. Whether you want a cannabis business to show up on the US map (by filling out a cannabis business license application) or you need to identify a missing regulation requirement.

Our cannabis consulting company will quickly and accurately divulge the following business compliance prerequisites any type of marijuana business needs to operate accordingly within the local state.

1) STANDARDS OF GETTING A CANNABIS BUSINESS LICENSE AND PERMIT

Before opening a marijuana business, you’ll need authorization to operate through a cannabis business license and necessary permits. Our cannabis consulting company will help you through the initial application process.

As you apply for a cannabis business license there are several things the local state licensing board will need.

The basic cannabis business license requirements is ensuring your business has the following:

    • A well-thought-out business plan.
    • A well-written license application.
    • Proper documentation authorization.
    • An efficient & diligent team (contracts with trusting partners).

A cannabis business license and permit will allow you to do many things, as a business, depending on your local state’s regulation guidelines.

2) IMPLEMENTING STANDARD OPERATING PROCEDURES (SOPs)

Other than getting cannabis business licenses to permits, it’s important to have SOPs.

Whether you own a dispensary or a grow facility, a standard operating system (SOPs) analyzes and describes every detail in every task performed. SOPs are education and communication-based tools that help operational team members learn a functional process for efficient business growth.

3) MARIJUANA BUSINESS IN NEED OF SEED TO SALE SOFTWARE (METRC, BIOTRACK)

Our cannabis consulting includes a functional seed to sale software or METRC analysis for your marijuana business. METRC is an acronym for Marijuana Enforcement Tracking Reporting Compliance.

This is specifically design for the government to analyze transaction tracking and tracing in dispensaries, grow facilities, extraction lab facilities, or cannabis edibles production facility. METRC is an advanced way to track all necessary business production operations.

BioTrack is a seed-to-sale tracking system, similar to METRC, in the cannabis industry that helps supports many  marijuana businesses. It’s essentially seed to sale software system to analyze cash flow operations.

4) INTEGRATING AN EFFICIENT OPERATIONAL SECURITY INFRASTRUCTURE IN A MARIJUANA BUSINESS

In our cannabis consulting process of conducting a cannabis compliance audit, we ensure your marijuana business is compliant with security measures.

It’s important to build a security infrastructure to safely guard your marijuana business against negative influencers.

HIGHER YIELDS CONSULTING WILL RELIEVE YOUR MARIJUANA BUSINESS OF A CANNABIS COMPLIANCE HEADACHE

When marijuana businesses utilize a cannabis consulting company like Higher Yields Consulting, your business will operate at top efficiency and stay ahead of changing cannabis industry regulations.

As a business thoroughly abides by strict regulatory compliances (from submitting a well-written cannabis business license), to using safe security measures, the marijuana business will succeed when obstacles appear.

Contact us to get your marijuana business compliant today.

Schedule a FREE Consultation
Whether you need help with cannabis compliance or one of our other areas of expertise Higher Yields Consulting is here to help.

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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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Uniforms and Code of Conduct Agreements: You Don’t Get a Second Chance to Make a First Impression

cannabis branding

Uniforms and Code of Conduct Agreements: You Don’t Get a Second Chance to Make a First Impression

First Impressions

 

For a moment, try to imagine yourself walking into a fine dining restaurant. The walls, decadent with brilliant art; the ceiling, intricately laced with gold leaf. The first drink of the night starts off at the front bar as you wait for your table to be prepared. From the greeter, to the bartender, the staff is absolutely lovely, friendly, and enthusiastic. As you’re guided to your seat, you notice a crystal chandelier delicately dangling in the center of the room. You are being sat at the V.I.P. table. The greeter sits you down, places menus gently before you and tells you that your server will be with you shortly. Skimming over the menu with your eyes, your mouth waters from the savory smells invading the air around you. Moments later, the door to the kitchen swings open and a dude in dirty jeans and a band T-shirt, rockin’ a sideways ballcap, bursts out and swaggers his way over to your table. Obviously hungover, he smells like a half-drunk anti-deodorant activist. He stops at your table and, through slimy teeth, slurs out “Hey yo – Hey yo. You thinkin’ food dude or are you just gonna cruze on some booze?”

The question here is, do you walk out before or after you finish your drink? There’s no question that we will not be dining here tonight, nor will we ever bring a client here for a business anything. The deeper question is, how often do we allow our staff to do this to our establishments?

 

 

Impressions and the Cannabis Culture War

 

Especially in the world of cannabis, we are having to fight a culture war to foster a responsible use culture and make a professional industry from something that, for over 80 years, has been a hobby for some and an outlaw lifestyle for others. When patients walk into your establishment (which you’ve taken the time to build out, decorate, choose and stock display cases for, & pour your blood sweat and tears into crafting), do your staff match the decor? Do they carry themselves professionally or are they “bro-dude-ing” the professionalism right out of your patient’s experience?

Some business owners feel uncomfortable setting harsh boundaries and expectations with employees and making high demands of detailed elements like “how one speaks”, as it definitely feels like micromanaging. Yet, in states where THC products are still under prohibition, employees at smoke shops still have to swear on their jobs that everything in the store is for tobacco use or incense burning only. They don’t have a single “bong” for sale, but have quite the selection of “water pipes”. If you go into a fine dining restaurant, everyone’s shirt is freshly laundered and pressed, there is no leaning on the counters or bar, service is friendly and efficient, and no one is being even remotely crass when dealing with a guest. Everyone’s language is kept clean, and professional.

Why is it, that people will conform to those standards when working at a restaurant, but when you ask your employees to make sure their pants are clean before they come in or to stop using slang terms with the patients, they seem so resistant? Is it your expectations and consequences? Bad training? Maybe you don’t yell at them loud enough… I would argue that it’s the culture of our industry as a whole. This is both bad and good news. It’s bad news when looking at the typical person who’s dream life is to move to a legal state and work as a bud-tender and trimmer. They’re usually not as excited about a career in retail as they thought they would be, and their bright, over-the-top, enthusiasm quickly dissolves into lethargy.

 

 

Enforcing Employee Codes

 

For a lot of us who grew up in restrictive cultures and harshly anti-cannabis states, legal states make dispensaries sound like Willie Wonka factories for weed heads. When people get in and learn that it’s just another retail job, it can rot a good apple quickly. It’s also a bad idea to have alcoholics as bartenders, foxes as chicken coop guards, and people who obsess about your product directly over with it. True, at a wine bar you will have staff tastings where staff are asked to taste the products so they can speak about the products from experience, they are also asked to spit the wine out as the go through the tasting so the intoxication doesn’t dull their training experience. Yes, you want your employees to be able to speak in an educated way about the products. You also want your employees to speak in an educated and professional way in general.

It is okay to set boundaries and expectations for conduct and appearance at your dispensary, in fact, as the owner, it is your job to craft the corporate culture of your business. Cannabis branding is not just about a logo. The logo’s job is to give the consumers something to associate with their experience of your product and service. Brands such as McDonalds and Nordstroms denote a specific level of both quality and service in our minds. Ever wonder what “successful branding” really means? Just this… Over the past several decades, the businesses that maintained consistency in the quality of their products and services, are now commonly known for them. It’s really just that simple.

 

Your Brand is Your Personality

 

No one goes to Taco Bell because they’re looking for an organic vegan meal. No one goes to IHOP for a great steak. So where does your business fall into the spectrum of the businesses around you? Would people say that your cannabis retail location is the corner store dispensary or do they call you the fine dining of local cannabis goods? Further, if you do find yourself on the lower end, what is one simple solution to increase brand recognition, create more staff compliance, and increase the professionalism of each patient’s experience? Uniforms and Code of Conduct agreements.

Having your brand literally in front of the patient the whole time of purchase will certainly help associate your brand with their experience more than, let’s say, doing nothing. It also allows you, as the one who chooses the branded uniforms, what level of professionalism your employees will come dressed in every day. Instead of doing T-shirts with wacky graphics and bright colors, consider embroidered dress shirts. Instead of telling your employees to wear whatever pants are comfortable, or just setting limits like “no yoga pants” and “pants must be worn at the waist”, consider setting the expectation of “Pants must be black, properly fitted, dress slacks, worn at the waist and held up by either a belt or suspenders”.

 

 

Resistance From Employees

 

You will always face resistance from employees when changing policies like this, though if given a 60 day compliance period, most employees will either comply, or sort themselves out of the mix. After 6 months, the change will be the new norm. As your business grows its reputation for being more reputable, higher level employees will seek you. Just as the quality of your light attracts bigger bugs in the night, the quality of your cannabis branding can attract new partners, investors, and employees who are looking for others who “take it seriously”.

This is where we leave you with this choice. What will you do with your business and brand? Tomorrow when you go into your shop, check their pants and shoes, then ask yourself if they would be allowed to serve a sandwich and bowl of soup at a restaurant dressed the way they are. Ask: if my waiter was dressed like this, what would I assume of the quality of my upcoming meal? Remember, that it’s never too late to re-brand, until it’s too late to re-brand. If you’re noticing that your profits have hit a plateau, it’s time to choose; grow or die. Sometimes upgrading your business starts with upgrading your staff.

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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

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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