APPLICATION & LICENSING SERVICES FROM THE CANNABIS CONSULTING EXPERTS
Looking to get into the cannabis space? We serve existing and aspiring cannabis business owners with:
State Cannabusiness Applications
Cannabis License Support
Schedule a call today with our team of application experts, marijuana consultants, and technical writers to put your success plan in place!
The cannabis industry is expanding rapidly, as more states are creating laws that allow businesses to legally produce and sell cannabis products.
However, in order to get into the cannabis industry in any capacity, you need a cannabis license from your state.
The application writers, application experts, and marijuana consultants at Higher Yields can help your business put its best foot forward in the highly competitive licensing market.
BUSINESSES THAT USE PROFESSIONAL CANNABIS APPLICATION WRITERS HAVE A FAR GREATER CHANCE OF WINNING A LICENSE!
Our team of expert marijuana consultants have been awarded licenses in merit-based and non merit-based states. We specialize in both the recreational adult use and medical marijuana markets.
Cannabis laws differ from state to state, and each state’s licensing process is different. At Higher Yields Cannabis Consulting, we have experience in every state where medical or adult-use cannabis is legal.
WONDERING IF YOU’RE READY TO COMPETE FOR A LICENSE?
At Higher Yields, we want to make sure you’re taking on challenges that you can win. That’s why we evaluate early-stage businesses using a model we call The Four Corners, which include:
- Financial Competencies
- Real Estate
- Cannabis-Specific Knowledge
- Team Strengths
Before you launch yourself into the application process, let our expert marijuana consultants complete a Pre-Application Assessment for you so you know where you need to strengthen the foundation of your business and give yourself the best chance of success in this highly competitive market.
cannabis Licensing Services
The marijuana market is growing larger in the United States every day. However, when you work with us, we look at the global picture.
Our expert marijuana consultants will make recommendations that will get you to your goals and share ideas that you may have never considered!
Higher Yields Cannabis and our team of seasoned marijuana consultants can help you acquire a cannabis license anywhere in the world so you can take part in an exciting and lucrative new industry.
DO YOU QUALIFY AS A SOCIAL
EQUITY LICENSE APPLICANT?
In order to begin healing past injustices related to cannabis, many states have implemented social equity programs into their application processes. If you qualify as a social equity applicant, you are far more likely to win a license in certain states – if you know how to leverage your unique experience and expertise in your application.
At Higher Yields Consulting, our marijuana consultants specialize in social equity applications and can help increase your odds of winning a license in these highly competitive states.
HOW TO APPLY FOR A CANNABIS LICENSE
One of the most common questions we hear is “how do you get a cannabis license?”
While licensing varies considerably by state and country, there are still some common factors that are looked at by most marijuana business licensing agencies.
Making sure that you have these foundational requirements in place is the first step to creating a successful application. If you need help with cannabis business startup services, the marijuana consultants at Higher Yields can help.
Here are the foundational requirements and top tips from our marijuana consultants:
1. Business Plan
One of the most common requirements for a cannabis license is a well-built business plan. After all, there is little point in approving an application for a cannabis business if it looks likely to fail.
Regulators want to see that you’ve made a plan for how your business will operate and grow, and to ensure that your plan lines up with all the relevant regulations. Craft your business plan carefully, and make sure it highlights and respects the regulations for marijuana businesses in your area.
2. Standard Operating Procedures (SOPs)
SOPs make up the day-to-day activity of your business, and you’re required to detail how you will handle all the procedures in a way that fits with cannabis regulations while also following applicable workplace codes and regulations in your area. A proper marijuana consultant will tell you how to develop your SOPs for both short- and long-term success.
3. Clear Financials
Another application requirement is clear financial plans. It takes a fair bit of funding to get a fully licensed marijuana business up and running.
From application fees, to property purchases and build-outs, to marketing and employee salaries, the costs add up before you even open your doors. Many applicants will need investors.
Licensing agencies want to see that you have the funding to push through to the point of profitability. Showing that you have a legal source of funding that is sufficient to get your business started is one of the most important factors for getting your application approved.
Our team of cannabis business accountants and marijuana consultants are experienced in helping cannabis startup businesses with financial plans.
4. Cannabis-Friendly Real Estate
Before you can get your license approved, you will likely need to have a property secured that meets the requirements for your marijuana business type. Many areas have zoning restrictions for cannabis businesses, which makes cannabis-friendly real estate difficult to find.
Before you buy, make sure you are choosing a property, building type, and business model that will set you up for long-term success. Here are some tips for finding a cannabis property.
5. Background Checks
Regulatory agencies don’t want legal cannabis to be funding criminal activity. Therefore, most states require some type of background check to ensure that any relevant partners in the business don’t have a criminal record. You only get one shot and an expert marijuana consultant can help identify any red flags before you apply.
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.
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. If you still choose to go it alone, we want you to be equipped. Here are 3 things you do not want to do if you plan on being successful.
LEARN MORE ON OUR
CANNABIS LICENSING PODCAST
Our host, Adam Kolbach, interviews Cory Waggoner, Founder & CEO of Higher Yields Consulting, as well as other marijuana consultants and outside experts on the basics of cannabis licensing.
Learn more about license applications, business plans, success rates, what a business needs to do to prepare for a cannabis license, why they should use an expert marijuana consultant when trying to obtain a cannabis business license, and much more.
Subscribe to the Higher Enlightenment Podcast for more insights from top marijuana consultants and insiders in the cannabis industry.
At Higher Yields Cannabis Consulting, our goal is to support you to success. Your business will be as unique as you are, which is why we offer custom service packages tailored to your goals and business.
Our process includes an initial orientation, weekly meetings, business development support, and ongoing collaboration for the application and steps following the application if your state requests further response.
From complete project management to application writing, technical writing, design build, compliance, staffing, training, and more, our marijuana consultants are here to serve you. Let’s talk about your business, goals, and questions. Book a call with us today!
The more time you give yourself, the more likely you’ll be successful. While we will support businesses that are looking to get in on a last-minute opportunity, we recommend getting ahead of your competition to make your application as strong as possible.
Particularly in highly competitive markets, applications take hundreds of hours to compile in order to be successful in winning a license, depending on your state, business model, social equity status, and more.
People often underestimate the required resources, budgets, and timelines for these types of projects. Furthermore, you will likely encounter new obstacles while you’re trying to complete your application.
For example, states are looking for specific information and details, but it takes a great deal of experience in the industry to interpret state applications. Businesses who attempt to complete their applications on their own often describe it as a full-time job.
At Higher Yields, we are here for you to leverage our expertise so that you can be as successful as possible.
The pre-application assessment gives our marijuana consultants the insight they need to support you to build a successful application. The Cannabis License Application Support is the actual creation of everything that needs to be submitted for your licensing application.
At Higher Yields, we are selective about the clients we decide to work with because we want you to be successful. We work with businesses that understand the scope of this endeavor and are willing to go the distance to succeed.
We also will not work with a business that, in our expert opinions, is not ready to apply for a license simply because that would be a poor investment and we will only recommend the best strategies for our clients.
If you are motivated, committed, and eager to work in a collaborative capacity with us to craft a winning application, we’re here to make it a great experience for you all around!
We work in every cannabis market in the world. Our experienced marijuana consultants operate in states and countries that have existing programs, as well as supporting local governments to create, communicate, and deploy their cannabis programs.
We recommend starting with a Feasibility Study to determine if your state has potential for your unique goals or if you should be considering other markets and opportunities.
Financial models are very important in this industry, particularly at the application stage. Financial models and detailing your financial plans in your application shows the licensing agency that you understand the capital and operational expenses involved so that your business will be successful.
To learn more about the cost of licensing applications and opening a cannabis business, read our article: The True Cost of Your Cannabis Licensing Application
There are several different types of business plans that are each suited to a particular purpose. A common mistake we see applicants make is using an investor business plan – or another type of business plan – for an application.
Our veteran marijuana consultants know exactly what needs to go into an investor-facing business plan, versus an application-specific business plan, versus an internal-use business plan.