Marijuana is growing throughout the nation. States like Illinois, Nevada, Oregon, and Massachusetts are putting their medical marijuana programs in place, while garnering interest from mom-and-pop facilities and big name investors alike.
These entrepreneurs often do not have intimate knowledge about the cannabis industry, and therefore need guidance in a number of areas to run a successful canna-business. This creates a novel situation for cannabis industry leaders that may not have been possible just a few years ago.
In the past, industry leaders were rewarded with a reputation as “the best” in a certain field, but not much more than that. With the cannabis industry’s increased legitimacy, these same people are now using their knowledge, connections, and experience to make a life for themselves.
Medical marijuana facilities require a lot of red tape and licensing before they are able to operate legally. Not only can the application process be time consuming, but it often requires, at least, a reasonable understanding of the legal system. Understandably, this is not an expertise held by many individuals in the cannabis industry. With that said, lawyers in states with medical marijuana and legal cannabis are regularly offering their expertise. Some are reported to charge up to $100,000 just to file the paperwork, according to the Las Vegas Sun.
Often, new canna-business owners need much more guidance than the average lawyer can provide. As with any industry, it is important to optimize profits and production, while maintaining quality. Starting an infused edibles company or medical marijuana facility, for instance, requires a number of preparations to keep satisfactory product on the shelf at minimal cost.
Companies like Denver Consulting Group offer services that help a variety of businesses maximize their potential. While the types of consulting offered may vary slightly between firms, the process is largely universal and relies on the needs of each individual client. Some places, Denver Relief for example, will give a free initial consultation to determine what services are actually needed.
Some projects require limited guidance, allowing clients to be billed hourly. Others, however, require more involvement on behalf of the consultant. In these cases, cannabis experts will often charge a flat rate for each day of work.
It is clear that the cannabis industry is in the midst of change. What was once a completely underground market is rapidly becoming legitimate. Accordingly, the industry is attracting a variety of professionals – in the form of both business owners and the consultants that provide valuable expertise.
For more information, visit Denver Consulting Group, at: www.denverconsultinggroup.com