Cannabis is quickly becoming big business in the United States. Within five years, the national legal marijuana market is projected to be worth around $10.2 billion. That’s not only for medical cannabis, either. Colorado, Oregon, Washington, and Alaska have completely legalized cannabis, and an additional 14 states have decriminalized certain amounts of marijuana possessed by average citizens. In short, attitudes are changing about cannabis, and businesses are working to catch up with demand.
Because of the legislation sweeping the nation with regard to marijuana’s legal status, for both recreational and medicinal use, marijuana businesses are expanding as more and more people get involved with the industry. In fact, in Colorado alone, cannabis businesses created an estimated 7,500 to 10,000 jobs just in 2014.
However, some of these companies and entrepreneurs are unsure exactly where to begin when they try to establish a cannabis business. The good news is that cannabis business resources are available for those who need them, if they know where to look. Marijuana business consulting agencies, for example, can provide comprehensive solutions for all types of cannabis dispensaries, cultivators, and more.
Just what types of services do these marijuana business consulting experts provide? If you’re thinking of starting one of these businesses, here are three essentials you won’t want to miss out on:
- Licensing: Procuring a cannabis business license may sound simple, but it’s not exactly a straightforward process. Working with cannabis consultants, however, can help you draw up the right proposal to send to your state. This will help you start your business more quickly and ensure that you comply with your state’s laws.
- Cultivation: Cultivation is one of the backbones of the industry, as you’ll want to ensure you have a quality product. Consultants can help you develop a cannabis cultivation business plan if you are in that part of the industry. If you focus on wholesale or retail, however, then a consultant can also put you in touch with suppliers.
- Marketing: Cannabis may seem like an “if you build it, they will come” sort of business when it comes to getting customers through the door, but it’s actually a lot harder than it seems. You’ll likely have a lot of competition in your area, so you’ll want to ensure that you have great products and one of a kind offerings for your clients. A consultant can work with you on your branding strategy and other aspects of marketing your business.
Have more questions about getting your cannabis business off the ground? Be sure to contact trusted marijuana business consulting experts to find out what you need to do to make your dreams a reality!