The Power of Prioritization
The Power of Prioritization I will state the obvious; your business should prioritize the most pressing business issues…
The cannabis industry is the fastest growing industry in America and the laws are changing rapidly, which means that a client’s needs can change as fast as the industry matures. Now more than 33 states have legalized cannabis. The District of Columbia and 11 states — Alaska, California, Colorado, Illinois, Maine, Massachusetts, Michigan, Nevada, Oregon, Vermont and Washington — have adopted the most expansive laws legalizing marijuana for recreational use. The industry is already a multi-billion-dollar industry, however only 19% of the market is represented by Minority business ownership of that, only 1% is represented by African-Americans. However, many have not gotten started due to the lack of access to capital, business development and the right connections in the industry. With this backdrop, our firm supports Minority business ownership by offering solutions to help alleviate these barriers.
As more entrepreneurs and companies enter or expand into the cannabis space, they face the traditional business challenges of operational efficiency, regulatory compliance and market penetration. In addition, most don’t have an experienced team or tools needed to attract the capital needed to get started. Our team helps you summarize ideas, initiatives and activities aimed towards making your business better. This includes increasing revenues, growth in terms of business expansion, increasing profitability by building strategic partnerships, making strategic business decisions and assisting with capital raise support.
Our highly experienced and dedicated team of professionals represent a diversity of perspectives. Their combined cross-functional expertise helps to enhance your organization’s board performance by partnering with board members to proactively plan director and CEO succession, review board effectiveness, design and implement best-in-class corporate governance processes, and assess board culture and values.
Our reputation throughout the legal cannabis industry is well known by our referral network, clients, and extensive relationships throughout the lending community.