Being a licensed producer such as Indiva is always great as you can be the provider of marijuana to many patients and other sellers. Well, being a licensed producer is not just about getting a place to start growing and producing marijuana. There is a process involved before you can become a licensed producer.
We get to share some of the top tips for you to have an easy time when it comes to becoming a licensed producer of medical cannabis.
- Keeping the location in mind
There is no doubt the location is always key to the application for your license. You have to keep in mind that the location is tied to the application and license. In the event that you change the location, you will have to resubmit your applications again. When you think of the best location, you need to consider the access to various amenities that will make the overall use running of your business easier.
Sometimes, depending on the body that offers the licenses, it will stipulate the best conditions for setting up the farm. This is with an aim of keeping the people around the facility also comfortable with it.
- Budget for it
There is the need to set aside a significant amount when it comes to your budget. The budget is crucial so that you have enough money for paying for the license. Other than the license, you also have to consider the consultants in various fields. This is to make sure that you can meet the various requirements for the facility before you can get the license approval.
- Work with qualified advisors
When it comes to applying for your operating license, you need to submit the standard operating procedures, the quality assurance processes, the security plans, and more processes for vetting. As a result, you need to get them right in the first round. This means that you have to consult with the advisors in various fields.
In the event the licensing body has follow up questions, you will have advisors who can help out. This is more reason why you might want to invest in qualified personnel so that your facility comes out as one that can deliver on what it promises.
- The size matters
Yes, you always have to consider the size of the facility. In most cases, the authorizing body always sees that it does not make sense to have a very small medical marijuana facility. This means that you need to get yourself a facility that can handle marijuana farming on a large scale. There is also the need for having a qualified and experienced quality assurance person. This person is in charge of making sure that the quality of marijuana produced is consistent.
Depending on the location, you will have to get a vault, security, and record keeping systems. For most licenses, they are made for a facility of at least 2,500 square-foot.
- Capital is crucial
For any business to operate, it is always going to depend on the amount of capital available. As a result, there is need to make sure that you get the right idea of just how much capital you need at the moment before the business can get off the ground.
It is important that you get yourself a generous account in most cases of about a million dollars to be the working capital. This will show the licensing body that you are committed to operating the business to its full capacity.
- The security clearances
You also have to keep in mind the security of the facility. When applying for the license, you have to detail out what kind of security you have in place. This is important so that the officers can know that the facility is well controlled. There is no doubt you will have a great time owning a facility full of marijuana and the security is also good.
In most cases, the officials might have to tour the facility just to make sure that it is up to their standards before receiving the license.
- Make follow ups
You also have to be seen as a person who is ready to do business. Some people just submit their applications and wait patiently for the licensing agency to reply. Well, it pays to follow up sometimes. Make an effort to contact the agency to see if everything is in order or if you have to make some amendments. You should definitely have a great time when it comes to working with it.
As you can see from the various tips above, you will always be in a position to end up with your license if you get everything done right. Once the license is ready, you should be in a position to have a great time using the facility as a licensed producer.