Consulting Services

THE INDUSTRY

California, the entire West Coast has now legalized medicinal cannabis. In addition, 21% of the entire U.S. population lives in states that now have adult-use programs.

The entire Northeast and most of the northern border states have some form of legal cannabis laws in place, leaving a large portion of the South and Midwest as the only legalization holdouts. The remaining states without legal cannabis programs are largely conservative, but that does not necessarily preclude them from pushing something through in the future. In fact, just recently, the Virginia Senate unanimously passed a bill legalizing medical marijuana within the commonwealth.

Although public opinion is supporting cannabis and cannabis reform, the new presidential cabinet has not come out in full support of legalization. Former White House Press Secretary Sean Spicer created a firestorm in the cannabis industry on February 23, 2017 when he said there likely will be "greater enforcement" on recreational cannabis businesses. But he made an important distinction, saying "there's a big difference between (medical cannabis) and recreational marijuana." Spicer essentially reaffirmed statements that President Donald Trump made in favor of medical cannabis in the past.

In general, Spicer's comments could encourage other states to legalize medical cannabis. His comments were especially good news in the nine states; Arkansas, Hawaii, Florida, Louisiana, Maryland, Montana, North Dakota, Ohio and Pennsylvania; that are in various stages of setting up their regulated medicinal cannabis programs.

The new administration's position on cannabis legalization and the actions they take are poised to have a dramatic effect on the industry moving forward. On January 5, 2018 Attorney General Jeff Sessions rescinded the Cole Memo. Up until that point, the Cole Memo had protected industry operators by assuring them that they could avoid federal prosecution by strictly adhering to relevant state law. In the time since that guidance was issued, little has changed within the industry; nearly all businesses remain undeterred by this unfortunate alteration of policy.

The cannabis industry is becoming more and more attractive to investors due to the high growth rates. The current stance by the federal government, although uncertain, will likely make it easier for existing and newly licensed medical cannabis businesses to raise funding, as some investors worried about a crackdown on the recreational side of the industry might shift their focus to medical. With potentially large profits to be made, savvy investors are continually looking for new ways to capitalize on the growth of the legal cannabis marketplace.

(This information is current as of May 1, 2018)

WHAT WE OFFER

The founders of STRAINWISE® are aware that the vast majority of medical and recreational marijuana retail outlets are owned and managed on a mom-and-pop basis, by operators that sorely need many fulfillment and branding services. Such services are presently beyond the reach (both financially and operationally) for a large majority of retail owners. Such mom-and-pop owners do not have sufficient economies of scale, nor the levels of management sophistication and background to enable them to fully leverage their business opportunity within the marijuana industry.

The financial dimensions and management capacity of STRAINWISE® affords the Company with the resources to provide a multitude of fulfillment and branding services to its current branded stores, as well as, to make such services available on a national basis to all operators engaged in the cannabis industry.

Presently, the fulfillment and branding services that STRAINWISE® provides is, as follows:

  • Long and short-term receivables financing and funds for expansion of operations and acquisition of additional retail facilities

  • Bulk procurement of crop nutrients on a co-op, high volume basis to obtain price point volume discounts

  • Use of the STRAINWISE® logo and images

  • Marketing and advertising programs

  • Vendor contracting and management

  • Accounts payable processing

  • General accounting and financial statement preparation and reporting

  • Installation of general ledger and accounting systems

  • Crop optimization

  • Implementation of internal controls over financial reporting and asset safeguards

  • Procurement, placement and onsite management of ATM systems

  • Cash collection security and processing

  • Grow facility management

  • Management of inventory to approximate just-in-time capacity levels

  • Point-of-sale software and procedures implementation

  • Multi-location product distribution and control

  • Systems integration

  • Regulatory compliance filings reporting

  • State and municipal sales tax preparation and filing

  • State and Federal income tax preparation

  • General business consulting

  • Exit strategy planning

CONTACT US

PLEASE FEEL FREE TO CONTACT US WITH YOUR COMMENTS OR QUESTIONS ABOUT OUR SERVICES AT 303-736-2442 DURING THE BUSINESS HOURS OF 8AM - 5PM MST.
AFTER HOURS, PLEASE FEEL FREE TO CALL 303-229-9273. YOU CAN ALSO REACH US THROUGH ANY OF THE SOCIAL MEDIA OUTLETS BELOW.
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1350 Independence St.#300 Lakewood, Colorado
info@strainwiseconsulting.com