Top Industry DO's
✅MANAGE YOUR BRAND:
The IP, your image, Trademarks and Branding create your image make sure it can be defended
✅TRACK & TRACE COMPLIANCE:
Ensuring seamless transfer of industry requires effective integration with the state. Prepare and embrace this process and work with the state to effectuate compliance and proper understanding to such with your team
Having template approved contracts for your agents to use as standard operations will ensure your agents don't agree to unfriendly terms on companies behalf
✅MAINTAINING GOOD RELATIONS:
Having friendly neighbors, government, both local and state is the best way to ensure smooth operations
Top Industry DON'Ts
Transportation paper work not in Vehicle
Failure to Keep Track of Deadline
DBA (Doing Business As) an entity without a filed DBA can mean disaster
❌DOING BUSINESS WITH UNLICENSED OPERATORS:
Just as your permit can expire, so can any other business that is licensed that you do business with, make sure they are all current
Industry mistakes have caused many to throw in the towel. While the regulatory system is intended to embrace already existing businesses the reality is that constant changing regulations and unchartered territory have caused millions to be lost.
And though the cannabis industry is expected to reach 50 billion dollars within our lifetime easily, millions have been lost in this time of great regulatory shift.
A great amount of this loss comes from inexperienced money trying to enter the cannabis market. In loss of product, lack of security, or failure to plan properly, inexperience causes many to forget that at the end of the day we are dealing with a perishable product, one whose expiration date can change depending on packaging and storage.
Much like improperly storing or curing wine, cannabis can also be spoiled and result in fortunes lost.