The process of preparing and submitting a cannabis license application is usually quite daunting. It can also be incredibly competitive, to put it mildly. The copious amount of detailed documentation that the licensing body demands within an application, combined with deadlines and dates that always seem to jump around can create a high-stress situation where time becomes your enemy. Being prepared and staying agile is critical to put keep your project on the right path to be awarded a coveted cannabis business license. Applicants must be prepared to hit the ground running when, and sometimes even before their state, city, or country announces the framework and dates for cannabis application submittal. The following information will help guide your pre-application work.
In honor of July 4th, we would like to share a story to celebrate cannabis legalization and freedom in America. On this day 242 years ago, our founding Mothers and Fathers stood up against tyranny and oppression and declared our independence as a sovereign nation. In the days of our forefathers (and foremothers) the plant that we now work so hard to legalize was commonplace. Hemp cultivation began in Jamestown, Virginia in 1616 and its fiber was used to make clothing, sails, and rope. Early American landowners were jailed if they refused to grow hemp as American society knew how important this crop was for their livelihood. Many of our country’s presidents grew the crop as well including George Washington, James Madison, Thomas Jefferson, Andrew Jackson and the list goes on. Early drafts of the Declaration of Independence were written on hemp paper. Prior to the civil war, cannabis was added to the U.S. Pharmacopeia and was sold over the counter in a variety of medicinal preparations. Cannabis was a common part of American life until prohibition started in 1906 with the introduction of the Pure Food and Drug Act.
To become a successful cannabis business, you will need to hire a team of experts. These experts will provide you with the key ancillary services to help ensure you are prepared and on track for success. It will cost you tens of thousands of dollars, perhaps over $100K, to hire the ancillary experts you will need just to get started.