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colorado cannabis consulting

COLORADO CANNABIS CONSULTANTS

Higher Yields Cannabis Consultants offers a full range of cannabis consulting services in the state of Colorado. Our vertically integrated consulting system offers a path to business success. From startup to scaling and expansion of your cannabis-related business and everything in-between our team of industry experts can help. If you have any questions please contact us online or call (844) HI-YIELD.

Important Compliance Considerations for METRC in Colorado

As part of the most regulated industry in history, cannabis operators face intense scrutiny from local and state governments. METRC, a seed-to-sale tracking system, helps operators stay compliant by creating an easily identifiable chain of custody for each cannabis product. Using METRC makes recalls easy and ensures accountability.

Mandated in 15 states plus Washington D.C., METRC is similar everywhere. However, there are nuances in each state. In order to remain compliant, businesses must be aware of and adhere to their state’s specific regulations.

Unlike California, Colorado works closely with the METRC team. As a result, quite a few helpful updates to the system have come out of state. 

Through the state’s Marijuana Enforcement Division (MED), Colorado aims to improve METRC so that it serves the state and the community equally. To further this goal, Colorado offers online METRC training that’s simple and straightforward.

THE LATEST NEWS IN CANNABIS OPPORTUNITIES IN COLORADO

Since January 1st, 2020, Colorado has seen several changes and associated opportunities within the cannabis industry:

  • Hospitality establishments are now open for cannabis licensing opportunities. This includes, but may not be limited to:
    • Bus tours
    • Cannabis use lounges
    • Cannabis cafés
    • Designated areas in hotels
  • Existing food establishments may apply for a cannabis hospitality establishment license with the following considerations:
    • Subject to local approval
    • For (or within) a specified portion of the restaurant
    • The food establishment seeking license may not possess a liquor license
    • This provision does not allow the restaurant to add cannabis products to their food
  • All products consumed at a cannabis hospitality establishment must be purchased from a medical or adult use dispensary

Further information regarding the new license type’s application can be found in the Marijuana Enforcement Division area on Colorado’s Department of Revenue website. 

Other cannabis changes include:

  • Effective January 1, 2020: all vape additives including vitamin E acetate, polyethylene glycol (PEG) and Medium Chain Triglycerides (MCT oil) are banned.

Effective July 1, 2020: it will be legal to sell industrialized hemp products within dispensaries. ** Hemp products will still have to undergo the same required testing as all other cannabis products that enter dispensaries in Colorado.

cannabis hospitality lounge

Contact Us to discuss cannabis Licensing Opportunities in Colorado

If you are looking to attain a license for hemp or cannabis in Colorado Higher Yields Cannabis Consulting can help. Our team of cannabis licensing experts and cannabis application technical writers has had great success helping newcomers and experienced operators attain licenses in Colorado.

Colorado's Cannabis market

While cannabis competition is high, so is opportunity! Just in the last year, the Colorado Cannabis market reached 1 billion in sales.

As of June 1, 2020, Colorado has:

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MMJ cultivation Licenses
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mmj product manufacturing licenses
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medical store licenses
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cannabis hospitality establishment licenses
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Retail Cultivation Licenses
0
retail product manufacturing licenses
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retail store licenses
cannabis flower

While these license numbers demonstrate a highly competitive cannabis market in Colorado, the gross revenue also illustrates the potential for success. However, success in such a competitive market cannot occur without a number of factors such as teamwork, market research, hard work, and cannabis industry experts to guide you.

Higher Yields Cannabis Consulting (HYC) is here to help you navigate this terrain. Their large team of cannabis experts from compliance to design, safety and security, design and build, marketing and branding and more can provide the expertise you need to set your cannabis business up for success. HYC will help you eliminate frustrating learning curves that can put a standstill on your achievements. Don’t give your competition an easy victory. With HYC at your side, let your competition worry, not you.

THE HISTORY OF CANNABIS IN COLORADO

Colorado first legalized cannabis for medical use in 2000 and was one of the first two states to legalize cannabis for adult use in 2012. Cannabis competition in Colorado is tough, but so are regulatory and compliance efforts. With 20 years of cannabis experience, Colorado understands the importance of adhering to stringent compliance standards and enforces them through the Marijuana Enforcement Division (MED).

The MED oversees all cannabis licensing and operations. These licenses include cultivation, manufacturing, dispensary, operator, transporter, testing facility, and hospitality and sales businesses. Colorado also mandates the use of Marijuana Enforcement Tracking Reporting Compliance (Metrc), a system that monitors statewide seed-to-sale to track the cannabis, in all forms, from its inception to its purchase.

While Colorado provides state laws and oversight, each municipality also has their own set of rules and regulations, and this may differ among municipalities. For example, some cities prohibit the sale of cannabis and some cities cap the number of licenses awarded. Due to these inconsistencies, it is imperative to conduct research prior to applying for a license in such a competitive state with an array of different licensing options and laws that vary from city to city.

young cannabis plant

Colorado Cannabis Consulting services

At Higher Yields Cannabis Consulting (HYC), our cannabis consultants are here to assist you with planning and building your cannabis business in Colorado. Our team of canna advisors are well-versed in local laws on compliance, and we offer services that assist you in building your brand, creating your marketing plan, designing your website and assets, crafting your social media presence, and much more to help your business see success.

Startup

Our team of cannabis consultants has decades of combined experience with cannabis business startups offering a full range of services. From licensing to accounting.

Design Build

HYC has an in-house cannabis facility design and build team led by a 3rd generation HVAC expert. We've built facilities all over the USA as well as internationally.

Compliance

Our cannabis compliance team is one of the best in the country. Offering a full range of compliance services as well as Metrc auditing, training, and more.

Branding

Our in-house team of graphic designers, brand creators, and marketers has over 50 years of combined experience. They are also well-versed in the plant and the industry itself.

Contact us at (844) HI-YIELD to learn how we can assist you.

startup-cannabis

MARKET CONDITIONS IN COLORADO

While cannabis competition is high, so is opportunity! Just in the last year, the Colorado Cannabis market has reached 1 billion in sales.

As of June 1, 2020, Colorado has:

  • 468 medical cultivation licenses
  • 582 retail cultivation licenses
  • 215 medical product manufacturing licenses
  • 280 retail product manufacturing licenses
  • 432 medical store licenses
  • 587 retail store licenses
  • 3 cannabis hospitality establishment licenses.

While these license numbers demonstrate a highly competitive cannabis market in Colorado, the gross revenue also illustrates the potential for success. However, success in such a competitive market cannot occur without a number of factors such as teamwork, market research, hard work, and cannabis industry experts to guide you. 

Luckily, Higher Yields Consulting (HYC) is here to help you navigate this terrain. Their large team of cannabis experts from compliance to design, safety and security, design and build, marketing and branding and more can provide the expertise you need to set your cannabis business up for success. HYC will help you eliminate frustrating learning curves that can put a standstill on your achievements. Don’t give your competition an easy victory. With HYC at your side, let your competition worry, not you.

Colorado Industrial Hemp Consultants

Colorado has quite a lucrative industrial hemp and CBD market. The Colorado Department of Agriculture’s Hemp Program reports they have processed more than 2,600 industrial hemp registrations across Colorado, and more than 80 square miles of the crop had been harvested so far in 2019.

Higher Yields has a team of hemp consultants that offers everything from starting a new hemp business to brokering services. With connections and resources all over the USA and years of combined experience, HYC is a logical choice to help guide your hemp business.

Schedule a FREE Consultation to Discuss our Hemp Business Services

Whether you already own a hemp business or want to get into the business our hemp consultants can help. We offer brokering services as well as the usual gamut of business services.
Get In touch with higher yields

(844) HI-YIELD

Address 2590 Walnut St., Denver, CO, 80205

Email info@higheryieldsconsulting.com

CONTACT US

Schedule a Free initial consultation

Whether you’d like to schedule a free initial consultation or you have questions, we’d love to hear from you.

CONTACT US

Schedule a Free initial consultation

Whether you’d like to schedule a free initial consultation or you have questions, we’d love to hear from you.

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