Start Right Program
Cannabis Business Startup Assistance
After months of hard work and patience, you have finally been issued a licensed pre-approval to proceed with a cannabis business. Now what? Even if you have a clear picture of what you want your business to look like, the path to get there can be confusing and costly. State regulations are often a ‘moving target’!
Having the guidance of an industry expert can save you time, money, and stress. Canna Advisors has worked with hundreds of cannabis clients across the United States for over a decade, guiding them through their entire business life cycle (strategically opening, efficiently operating, and successfully exiting the cannabis industry). You’re in search of business startup assistance and we can help.
The Cannabis Industry Comes With Real Risks
In today’s competitive cannabis industry, getting your business operational does not always ensure success. Even with rapid expansion of new licensing in emerging states, the total number of operating cannabis businesses in the U.S. has been declining since 2022.
“The number of active U.S. cannabis business licenses – including those in regulated medical and recreational markets – continued to decline through the third quarter of 2024 as reductions in established markets outpaced growth in emerging ones.” – MJBizDaily.com
Getting your cannabis business open should not be your only goal. You need to open in a manner that positions your organization for long term success. Proper planning and positioning for success starts at the beginning. It is not just about getting operational; it is about doing it right!
We’re The Experts In Starting Right To Stay Successful
Many new cannabis entrepreneurs emphasize quality service and products as their key to success. However, many cannabis companies with great service and products have gone out of business because they could not maintain profitability. In most cases, those failures were due to poor planning, lack of operational oversight, and insufficient revenue management.
Canna Advisors has had the privilege of working with hundreds of clients across the globe. We have taken the lessons learned and encapsulated them into our unique Start Right Program. We can help you avoid the costly pitfalls, get open faster, and position your business for long term success.
Proven Cannabis Startup Consulting
With 39+ states worth of experience, we've helped cannabis businesses large and small get off the ground and stay successful. Learn more about our proven track record.
Start Right Program Overview
Getting It Done - Build A Foundation For Your Cannabis Business
Our Start Right Program begins with our comprehensive, 90-point checklist that's tailored specifically to your state's adult-use or medical cannabis program. We use the checklist throughout our partnership to ensure all the tasks are being completed and to monitor progress as we work towards opening day.
90-Point Checklist from Business License to Operation
✅ Ownership & Control
✅ Real Estate
✅ Regulatory Compliance
✅ Operational Planning & Operations
✅ Financial Information & Banking
✅ Contracts & Vendor Agreements
✅ Labor Relations & Employment
✅ Security
✅ Risk Management & Insurance
✅ Intellectual Property
✅ Privacy
Doing It Right - Startup Assistance Services
As we navigate the tasks required to get your cannabis business open, we address the details that will position your organization for profitability and long-term industry success. Our primary goal is to help you avoid many of the costly common mistakes that can haunt a business long into the future.
Our decades of expertise both nationally and internationally have allowed us to compile and document cannabis industry best practices alongside a curated network of trustworthy industry contacts for just about any business need. We transfer this knowledge to your team and ensure you are properly equipped to utilize the resources to get things done right.
Our bottom-line service beliefs: there are no profit guarantees, proper planning is crucial, and starting right is more important than getting operational. We can help you understand and tackle all three head-on.
Making The Choice - Customizing Your Path To Success
We make a complicated process easier by scaling our cannabis consulting services and allowing you to choose your level of expected autonomy.
Custom Startup Service Options
1) Start Right Boot Camp (Yes/No)
2) Universally Required OCM Document Package:
- Custom written
- Templates
- We review your materials
3) Required Facility Diagrams and Overlays:
- Custom diagrams (exceed OCM requirements)
- Templates
- We review your diagrams
4) Operational Endorsement Required OCM Documents:
- Custom written
- Templates
- We review your materials
- Option to start with one endorsement and add others later
Optional Service Materials
Need some additional startup support or something a little more custom for your business? Our full-service offerings can stray from the typical and include a variety of optional materials such as:
✅ Financial Models (With Operational KPIs) - For corporate guidance & fundraising
✅ Presentation Business Plans - For fundraising & property acquisition
✅ Employee Handbooks - For HR compliance
Hourly Startup Consulting
Not sure if a full assistance program is right for you? Let's meet you where you're already at with our hourly consulting blocks. Get immediate, one-on-one interaction with our cannabis consultants across shorter, prescheduled intervals. We also offer ongoing advising and business services based on a monthly retainer or à la carte basis.
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The True Benefits Of The Start Right Program
We get it: the cannabis industry is growing exponentially and on the surface it seems like a DIY/go-alone strategy is the quickest and most cost-effective path to immediate benefits. In reality, we've found it to be quite the opposite because mistakes will be made and money will be left on the table.
Taking advantage of our Start Right Program services will put you in the driver's seat of success, knowing you've built a solid foundation for future cannabis earnings.
1) Faster To Market
By starting right, you'll actually be streamlining a process that will get you faster to market. In fact, a single month faster to market can result in $100,000 - $300,000 in incremental cannabis business revenue.
2) Reduced Startup & Operational Expenses
With a surgical look into your operations and logistics planning, you can be assured that your cannabis business is optimized to its fullest potential. Even a small reduction in startup and operational expenses can add up to hundreds of thousands of dollars.
3) Revenue Management From Day One
Understanding sales potential, product/service mix, and a tuned balance between operations and sales can be the difference between success and failure in different market conditions. Profit-centric sales strategies and maximizing return on inventory will optimize your revenue.
4) Reduced Stress & Headaches
The excitement of starting a cannabis business is often overshadowed by the daunting reality that you may need and/or do not already have support. With our Start Right services, you get a full team of seasoned cannabis experts for less than the cost of one entry-level hire.
Get Cannabis Startup Assistance Now
Don't take a risk on a well-earned cannabis license win. Take advantage of our cannabis consulting expertise and start your business the right away. Contact us to learn more.