Maximum Yield's Industry News | January 2017

THE ROLE OF A
CANNABIS CONSULTANT
An experienced and knowledgeable
cannabis consultant will be able to
help you at every step, from planning
and licensing to hiring and training
the right staff, ensuring consistent
cultivation, and complying with state
rules and regulations.
The right cannabis consultant will
bring a proven, turn-key business
model to the table, enabling you to
produce a quality product via costefficient
production methods. The
model should be risk-averse and reduce
your overall exposure. It should also
allow you to recoup your investment
while continuing to be competitive in a
quickly evolving marketplace.
For current owners of a commercial
cannabis enterprise, a consultant can
play a key role in improving overall
profitability. They should be able to
customize a plan that aligns with
your goals and meets your unique
needs, helping you improve yields,
consistency, quality, and efficiency.
Below is a quick checklist of what
it takes to open a fully compliant,
medical and recreational cultivation
and dispensary operation.
Planning Your Operations
• Business plan and financial guidance
• State application support
• Facility layout and design
• Cannabis cultivation information
• Operations planning
• Hands-on cultivation training
• Standard operating procedures
Launching Your Business
• Facility design and build-out
• Guidance in hiring
• Hands-on staff training
• Employee documentation
and handbooks
• Inventory control
• Daily operations best practices
• Tips for managing a
cash-only business
• Security logistics
• Daily procedures from open to close
Ensuring Your Success
• Hands-on staff training
• Patient and customer record-keeping
• Ongoing guidance and support
CHOOSING THE RIGHT
MARIJUANA CONSULTANT
Let’s recap. You’re looking to grab your
share of a lucrative emerging market.
You now understand the need for a
cannabis consultant, as well as what
role you can expect them to play in your
business. Now, here’s the most important
part: finding a consultant you can trust.
A consultant you can trust will help
you make decisions that could have
a dramatic effect on your business.
Your first rule of thumb is to be wary of
anyone that promises you the sun, moon,
and stars. Just like any other business,
a commercial cannabis enterprise takes
work and focus. If their claims of easy
money sound too good to be true, they
probably are. Don’t fall for it. Along with
being able to provide a solid plan and
guidance through all the areas listed
above, your cannabis consultant should
possess the following:
• A deep understanding of this
emerging industry, including statespecific
laws and regulations.
• A proven track record and
positive reputation, both in and
outside of the industry.
• The ability to deliver quantifiable
results that meet or exceed
original expectations.
• A belief in open communication
and a hands-on approach to
partnering with you.
Be sure to do your research, check
references, and have a conversation
with prospective consultants. Because
you’re going to be working closely
with them on a long-term basis, even
personality and rapport should be
factors in your decision.
STARTING A
SUCCESSFUL COMMERCIAL
CANNABIS ENTERPRISE
This is where Medicine Man
Technologies, a full-service cannabis
consultancy in Colorado, excels. As a
publicly traded cannabis company,
Calling it a
“green rush” is an
understatement,
and there’s a lot
of money to be
made if a company
can navigate an
industry fraught
with regulations
and pitfalls.”
we work with groups who have the
resources, connections, and desires to
enter the market but lack the technical
expertise to plan, launch, and operate
a successful and fully compliant
commercial cannabis enterprise. We
also offer services to help existing
operators improve yields, consistency,
quality, and efficiency.
If you’re looking to break into the
market, Medicine Man Technologies
is here to guide you. Visit
medicinemantechnologies.com
for more information.
Maximum Yield's Industry News // January 2017
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