"99 isn’t 100"
The application process for cannabis business licensing is a time-consuming undertaking requiring a tremendous amount of planning, diligence, regulatory compliance, and operational experience. There are hundreds of variables and many moving parts and pieces that all must come together to fit perfectly inside a framework developed by cannabis regulators and local authorities. From business and security plans to facility design and standard operating procedures, many operations and processes specific to the regulated cannabis industry must be understood and accounted for to develop a compelling application. With cannabis prohibition quickly becoming a thing of the past, the application process has become more competitive than ever. With more sophisticated and well-funded businesses and organizations looking to secure licensing, the margin for error is razor-thin. Typically, a cannabis business application also includes a hefty non-refundable application fee. In some states, these application fees alone cost upwards of $25,000. Additional expenses to secure real estate, gain local approval, and secure a team of industry experts can run between six and seven figures. With a limited amount of licenses, applying for licensure is an expensive high-stakes endeavor that requires a great deal of experience, planning, and resources to succeed. You can mitigate risk and maximize your chances of winning a merit-based license by partnering with a team of qualified industry professionals who can offer direct industry insight and the use of proven strategies and procedures.
The Catalyst BC team brings together some of the country’s most experienced, knowledgeable, and passionate cannabis experts, including award-winning cannabis cultivators, scientists, and successful business owners. Our diverse team of subject matter experts can add or supplement your team’s existing executive and operational expertise to make your application stand out above the rest. Depending on your needs, Catalyst BC can provide strategic advisement throughout the application process. Additional assistance up to full-service support is available. Catalyst BC can project manage, develop, organize, and compile all segments of the cannabis business application in collaboration with your team to ensure the application aligns with local and state regulations as well as your company’s vision, mission, and goals.
Catalyst BC has completed and secured over 45 applications in seven states and six countries, including highly competitive limited-license and merit-based application processes. Catalyst’s team of experienced operational advisors and technical writers will custom design every section of your application to develop a cohesive application that is unique, compliant, and comprehensive. There is a fine line between winning and losing, and no detail is too small; we like to say: “99 isn’t 100”.
If you’re interested in learning more about Licensing & Application support and service offerings, fill out this form, and we will contact you to schedule a no-cost introductory consultation.