CANADA: The regulation of cannabis in Canada has come a long way to where it is today. Since the federal legalization took place, it has proven to be an area that is performing relatively well. However, it’s still a sector that’s highly regulated; in essence, a prospective business owner has to go through stringent processes before being granted a license to operate.
To increase your chances of being granted a license, it’s always recommended that a person seeks legal and consultancy assistance. There are several cannabis consultants in the Greater Toronto and Ontario. Choosing one can be the difference between success and failure.
The purpose of a cannabis consultant is to provide their clients with vital information especially in the areas that they are lacking in knowledge. Besides the horticultural aspect of consultancy, a good adviser should also educate potential business owners about the facility design.
The following is a detailed guide that’ll help you with finding the right cannabis lawyer or consultant:
Things to Consider When Choosing a Cannabis Consultant or Lawyer
Given the popularity of the cannabis industry, it’s quite unfortunate to learn that multiple unscrupulous firms have cropped up claiming to be cannabis consultants. To make matters worse, many naive business owners have fallen prey to them. Here’s how you can avoid such pitfalls and pick the right adviser.
Probing the Advisers
When you’ll be looking for the right adviser, it’s very important to thoroughly vet the person. If you notice that a prospective consultant is quite reserved or hesitant in giving you answers, that may be an indication that he or she isn’t worth hiring. Consultants are vastly knowledgeable and are very quick to offer advice. Some of the questions you shouldn’t fail to ask include the number of years they’ve been in the field, relevant credentials and certification, their current and past clients, and the amount of time he or she will dedicate to you.\
Watch out for the red flags
As you search for the most qualified adviser who’d help you, it’s also good to be on the lookout to avoid anything that can potentially ruin your chances of getting a license. Some examples of red flags you should watch out for include; being asked for equity, a consultant who’s reluctant to track time, not being treated as a partner, and avoiding to answer your questions adequately.
Identify your Needs
Before you seek consultancy services, you should first and foremost understand the specific needs of your business venture. This will help you in determining the particular type of consulting you require as well as providing you with a clear picture of the amount you’ll be willing to pay for that service. Due to the complexity of this industry, this area tends to be a field that has many consulting firms. Thus, you should only go for a person who specializes in a particular niche.
On many occasions, business owners find themselves requiring more than one consultancy service. Even though it may appear costly, the person seeking the services will end up gaining a lot in the long run.
Understanding the Consultancy Process
When it comes to cannabis consultancy, different business owners usually have varying needs. The consultancy process tends to follow three fundamental stages.
This stage usually seeks to identify the particular need of the client and how he or she can work along with the consultant to facilitate a successful outcome.
Apart from facing other startup challenges, acquiring a cannabis license is usually a difficult hurdle on its own. This step involves acquiring the right license for the client’s business.
For your business to remain operational, it should always comply with the set guidelines in the industry. The Consultant’s work at this stage would be to ensure that your business remains compliant and attains profitability
Getting the help of a cannabis adviser or lawyer is a crucial step before anyone begins operating a cannabis retail dispensary. For any consultancy services to work perfectly, there has to be a positive relationship between both parties. Honesty and timely communication can help in cementing a solid relationship. If you’re searching for the appropriate adviser in Greater Toronto or Ontario, be sure the following the guidelines provided above.