Consulting for marijuana is very important because it gives those who deal with marijuana a chance to learn and get help regarding the cannabis business.
However, it is a challenge to find a high qualified consultant. While the industry is still growing, it has become a lucrative platform for some questionable consultants and under-qualified ones who are greedy for money.
For this reason, it is important to take great caution when scouting for a marijuana business consultant. The following tips will help with your search.
Ask from other people who have used cannabis consultants before
Before you choose a special consultant to work with, you should, first of all, ask for ask to speak with his previous customers and ask them about the services the consultant’s services. It is wise to call a few clients to find out credible information regarding the consultant. Although this approach might seem like a cliché, many people still fail to carry out some due diligence, because they are busy looking for someone who will advise them quickly or want the lowest price.
Consider a consultant from a specific niche
Note that there are different types of consultants, and each has his knowledge as per their expertise. In addition, there are those who are more experienced than others
Cannabis Consulting is a big industry on its own, and a respected one for that matter, and as aforementioned, it helps business people become successful in more ways than they can imagine. So, a cannabis consultant who markets himself as the best consultant or a one stop shop may not have the necessary skills and experience that you may be looking for. For example, a legal consultant may not be ideal for marketing issues and advise you on cultivation methods.
Get face time
While new states are coming up with new MMJ laws, consultants from other places and areas are looking for them for new business opportunities. This isactually a good thing. Cannabis consultants who have navigate laws in states such as Colorado and California can achieve this in other places as well. But because the client-consultant relationship may havea certain impact on the business, it is wise to work with a client who can meet face to face.
Equity is key
Nowadays, many cannabis consultants have been asking for equity or partial ownership in the business they help consult. However, you need to take great caution before you sign the contract with any consultant who asks for equity. Remember, it will only bring you more problems if you have ownership in different businesses in a small market. In addition, the stakes could interfere with laws on ownership.
Is the consultant working hand in hand with other consultants
Most of the time, the government controls the number of licenses it gives out to businesses. In this field, a business owner needs to ask the consultant if he has any form of connection with other licensed consultants or with people who are looking for license in your region.