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Every state has specific rules, regulations and guidelines to receiving a cannabis cultivation license. In other words, it depends on which state you live in. Licensing is a significant step to getting in the cannabis cultivation business.
In some states, it can be quite challenging because of the difference in rules. The major issue, though, is having an understanding of how complicated the process is. A lot of times, the process can be confusing and unfamiliar.
The Competition For a Cannabis Cultivation License
It is not enough to just have passion for the cannabis industry. The cannabis cultivation license is more than passion. There is so much competition involved in getting a license to do business in the cannabis industry.
It is going to require a lot of effort on your part to win a license. Additionally, you have to be aware of the narratives as it relates to a winning application. You need to have a qualified and well-rounded team on your side.
You have to make sure that you have the right facility to do business and that it is designed to manufacture good cannabis products. Also, you have to put good programs in place that is beneficial to the community. These are some of the things that most marijuana licensing board look at when considering you for a cannabis cultivation license.
There are also licensing requirements to consider. These are different in each state as mentioned before. But, let's look at an example.
Vertical integration is implemented in some states while other states do not. In a vertical integration model, the cannabis business owner has to start from a seed-to-sale cannabis cultivation process. That means, they not only do the cultivation, but also process the harvest and sell to the public legally. In some states, an individual license is offered. What does that mean? It means that you can put in an application for either of the following:
- Processor license
- Cultivation license
- Retail License
- Research license
- Transportation license
In some states, you may be able to apply for more than one of these licenses. In some states, you can only apply for one at a time.
Building the Essential Team
One thing that is the most significant is building an amazing cannabis cultivation team. Make sure that the team has good commercial experience and not just from a basement grow operating model. For this reason, each team member should have a good understanding and knowledge of cannabis cultivation and horticulture on a commercial level.
Members of the Team
On your team, there should be someone who knows a lot about marijuana licenses and permits. You also need someone that knows how to build the facility or how to choose the right facility for doing business according to the required regulations.
A good attorney will be another essential addition on the team. Make sure the attorney is given the license application and other legal documents to review before submitting. Many in the cannabis cultivation business fall apart due to not coming clean about their criminal record.
When the assessment and process is done, a felony record could make or break the team and decline your application for a cannabis cultivation license. It is important for the team leader to have a background check done on everyone on the team. In the long run, it will be well worth the money and the effort.
Ask for Advice
Be sure to seek information of the advisory panels that the licensing boards provide. Ask other people in the industry about how to go about meeting the regulations so as to be considered for a cannabis cultivation license. If you want to know more about how to start a cannabis business, go to the Cannabis Training University now.