Cannabis Business Startup Services

Business Development

There are a lot of pitfalls to watch out for when building your cannabis business.  We have been at the helm of cannabis companies since 2014 and have seen them all. We provide cannabis business audits and strategic guidance no matter what stage you are in. We can advise on matters that range in scope from what kind of business structure should you adopt to what kind of drip emitters should you use in irrigation, and everything in between.

Licensing and Application Services

Obtaining a license to operate is an enormous hurdle to overcome before you can plant your first seed. The application process can be overwhelming. Each state has different laws, and oftentimes, each municipality will have a completely different set of requirements than another. Licenses are often in limited in number which can create fierce competition. You will need an application that stands out. 

TCC will start with a head to toe review of your current business plan, management resumes, financial projections, and applications and advise you on how to best communicate to the licensing board that your company has what it takes to be an asset to the city and/or state.  We have thousands of pages of approved applications, business plans, financial models, security, inventory, waste, and marketing plans that we use every day. Your business plan will not only assist in securing a license, but will be the foundational document your business is based upon.   

280E Optimization

Accounting in the cannabis world can be incredibly complicated. The rules can change multiple times in a single year. It is possible for a cannabis facility to make a profit, and have their tax burden be greater than their actual income. This heartbreaking situation can be avoided with smart accounting. We can help you avoid this situation by helping you set up your chart of accounts, create financial models that are realistic and based on actual operations, and help you to significantly lower you tax burden.

How you set things up early will have enormous consequences for years to come.  

Financial Projections and Modeling

Financing your company can be a challenge.  Major banks will not loan you money, so you need to raise capital through private lenders or through private equity. Most investors see the cannabis industry as a place where a lot of money can be made, but with high levels of risk. If you are raising capital, you will need to show them solid projections.

Building projections will also be a huge aide in managing your company. They will be used to measure the performance of your employees. They will give you a good understanding of how much money is needed, where it should be allocated and how long it will take to provide a healthy return.