When trying to open a dispensary or to start cultivation medical marijuana, there is a formula for being successful. It can be a very costly and risky investment as this is still an entirely new industry. To be successful in being awarded a dispensary license or permit to cultivate cannabis we believe in four C.O.R.E. values that we know can make a difference.
Participating in a state dispensary license process can be exhausting and costly so it’s important to be in it to win it! There are a lot of individuals and groups that lose steam and their commitment in the end, costing them a lot of time and money.
O – Organization
Having a professional group with a diverse skillset. This group must know the risks and bring major value to the table in their respective backgrounds. Your internal and external relationships are critical to the success of any application process and cannabis business.
R – Requirements
In the state regulation process, the department in charge of the program will likely issue an RFP (Request for Proposal) application identifying required dispensary or cultivation business plans. Often these processes are a competitive merit-based application, meaning applicants need to go beyond regulatory compliance to demonstrating the unique benefit to patients, the community, and the State of their unique proposal.
E – Education
Knowledge really is power and nothing less. Especially if the industry is brand new to you, it is crucial to seek out and obtain as much knowledge as possible on the industry, who you should be working with, and how this type of business operates from a cultivation to a retail standpoint.
At Green Rush Consulting, we help build cannabis businesses that thrive. In this heavily regulated industry, that requires a breadth of experience combined with the flexibility to adapt as circumstances change.
The GRC team collectively represents decades of success in the cannabis industry, with hands-on experience in dispensaries, cultivation, regulatory analysis and application development. We know how to strategically navigate the complex and bureaucratic processes involved with state licensing.
Every project starts with a conversation.