Do you want to start a vertically integrated cannabis company in Vermont? If so, you are in the right place. If you’re not sure where to start, an integrated facility license in Vermont may be a good place to begin. More specifically, this permits a person licensed by the Board to engage in the following activities of a:
- Cultivator;
- Wholesaler;
- Product manufacturer
- Retailer;
- Testing laboratory (in-house testing)
If this sounds like a good fit, contact us to get started on your cannabis venture.
How to Win a Vertically Integrated Facility License in Vermont – Application Writers
Below are 10 required steps to win an integrated facility license in Vermont.
Step 1: Get familiar with the rules and regulations
First step to submitting a successful cannabis application is reading the laws, rules, and regulations. In addition, it’s important to note that the State of Vermont Cannabis Control Board is responsible for the scoring and issuance of all marijuana business licenses. Likewise, they also determine who is eligible to win an integrated facility license in Vermont.
Step 2: Determine if you are eligible to win an integrated facility license in Vermont
Likewise, in order to apply for an integrated facility license in Vermont, there are a few requirements you must meet to receive a license. First, each applicant should be 21 years of age or older and is required to submit the following:
- individual full legal name;
- a full set of fingerprints in a form and manner determined by the Board;
- description of any criminal action, civil action, or administrative action; and
- photocopy of the individual’s driver’s license or other government-issued identification card.
To read more about vertically integrated facility licenses in Vermont, we summarized all of the important information for you regarding the application process and our Vermont cannabis consulting services.
Step 3: Contact an expert application writer
At this point, you should have reviewed the laws and regulations and determined your eligibility. Now, it’s time to reach out to an expert cannabis application writer. At Quantum 9, we manage your cannabis application from start to finish. Furthermore, we specialize in site planning, vendor relationships, SOP development, and more. With this in mind, you won’t have to risk your chances of winning a vertically integrated facility license in Vermont. Reach out today to learn more.
Step 4: Form a business entity for your proposed cannabis facility
Afterwards, you should form a business entity for your integrated cannabis facility in Vermont. For example, most cannabis applicants form an LLC or corporation for their cannabis business application.
Step 5: Write a business plan for your integrated facility application in Vermont
With your business entity in mind, it’s time to write a business plan. To emphasize, a comprehensive business plan can help communicate to interested investors and parties more effectively. Additionally, it can help you raise capital, understand the current market in Vermont, and even recruit team members.
Step 6: Gather a team of cannabis experts
In addition to a solid business plan, your team is also crucial to the success of your Vermont integrated facility license application. That said, a skilled team ensures to the State that your team has the experience and expertise necessary to win and operate a compliant integrated facility.
Don’t have a team? Quantum 9 can help build a team of top-notch cannabis experts. Additionally, our talent acquisition services increase your chances of securing an integrated facility license in Vermont. Contact us for a free consultation.
Step 7: Begin to raise capital for your Vermont integrated facility license in Vermont
Now that you have a solid team, it’s time to raise capital. Application and start up fees for an integrated facility license in Vermont can be significant and can surpass millions of dollars. Therefore, it’s never too early to raise capital and organize your finances as early as possible.
Step 8: Determine a location for your cannabis facility
Moreover, finding the right location for your cannabis business is a crucial step in winning an integrated facility license in Vermont. Not only do you need to find the right property that meets local and zoning requirements, but also ensure you have the ability to maintain security and compliance. Navigating Vermont’s complex regulations is no easy task, but we can help you every step of the way.
Step 9: Build relationships and local support
Furthermore, it’s never too early to build relationships and local support. Now that you have a property in mind, it’s wise to compile governmental and community affiliations and relationships. This is because applicants who procure letters of support from surrounding organizations offer an advantage over those without. When it comes to grading your integrated facility application, you are more likely to receive a higher score.
Step 10: Write and submit your application for an integrated facility license in Vermont
Finally, the last step to winning an integrated facility license in Vermont is to write your cannabis business application. With this, you must integrate all the pieces together and strategically illustrate that you and your team have what it takes to successfully operate a cannabis facility.
More specifically, you can expect to write hundreds of pages of technical writing that cover the following:
- Rebate Plan
- Cultivator Plan
- Purchase Plan
- Operations Continuity Plan
- Rebate Plan
- Operating Plan
- Compliance and Management Plans:
- Business Plan
- Pre-Operations Plan
- Resource Management
- Management Hierarchy
- Recruitment Plan
- Employee Training Plan
- Compensation plan
- Cash management plan
- Security Plan
- Hiring Plan
- Environment Safety Plan
Conclusion
All in all, there are many moving parts while applying for an integrated facility license in Vermont. Don’t miss your opportunity and allow our marijuana consultants to manage your application for you. Although it’s complex and highly time-consuming, we hold a 90.12% success rate and assisted entrepreneurs with award-winning cannabis licenses around the world.
What are you waiting for? Contact us today to get started on your own cannabis venture.
