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Answers to many of the frequently asked questions our visitors and customers may have can be found below. If you need help, please check here before you contact us.
Q: #1 What should you know before investing in Cannabis? (Pt2) A: New states going legal, "boom and bust" fast and hard. If you want to make a quick dollar, you can get in and get out fast and maybe make a profit, but this is high risk. In this scenario, you are not really growing or creating value to a company. Instead, you are trying to sell a licensed company before the city or state issues many more licenses. This is the "hype" game and selling to the next person before the bust. . . the investor is only making a return on the hype that the next buyer is willing to pay for. Overall, high risk because sometimes you cannot smoothly sell a cannabis asset to the next person without litigation or other headaches. . .and by the time you find a seller and go to sell. . . the market will have crashed. New states going legal, crash fast and hard. So anyone getting into cannabis needs to focus on longterm, building a team, and knowing the marketplace first hand. Q: #2 Who are we? A: We are cannabis industry problem solvers. We have been doing legal cannabis in California for six years and have expertise in cultivation (growing) and processing weed for sell into two marketplaces: Bulk Sales and packaging into brands for Retail (dispensaries and delivery services). It is a lot. Many early investors overlooked the complexities of knowing your marketplace deeply and subsequently - how to create a plan and the right team to survive and grow towards net profitability in cannabis. We are doing it and we survived the boom bust cycle that crashed May of 2022. Q: #3 What do we do? A: We give great advice and can forecast many trends. Basically we are figuring out how to be net profitable in the early years of legal cannabis. We have acquired all the licenses we see as being essential to be net profitable. We are close to our marketplace, many data points we monitor. We have a algorithimic database we are going (aka A.I.) to help us monitor and predict trends in a very unstable new industry. We consult with others to help them achieve the same. Q: #4 How much does consulting cost? A: It takes a lot to know what we know! For $50 you receive 30 minutes of personalized consulting with Teddy Bang MD (Mega Dope! and Medical Doctor) Schedule a FREE initial consulting call. This allows us to better understand what you want to achieve and how we can help. You will know after your free call if we can bring value to you and your business. Q: #5 What type of consulting or projects do your work on? A: Our areas of expertise are any operations associated with growing, processing cannabis for sale in bulk and retail, and selling to dispensaries. Q: #6 Who calls you for consulting? A: Any one wanting to get into the industry like an investor or people that want to get in for the first time and build a company and people from the cannabis industry that want to learn more and collaborate together. Q: #7 What should an investor look for when investing in Cannabis? (pt 1) A: Alot. Dont use any numbers except from 2022 to now. Define and all agree on what is net profitable, how do you all agree to assess if the company or is working. Everyone agree on this metric. Net profitable is important to have defined and then know is the business net profitable. The team. . . for any cannabis investment to succeed in these early years of legalization. . .you need a team that communicates and solve problems constantly, not looking for the same task each day. At a minimum you want the leaders buying into the culture and time line of 5 to 10 years minimum of any hope of a 10x return. Or any return greater than 2 to 3x. Q: #8 How do I get a cannabis license in my state and get into the cannabis industry? A: Each state has different requirements and many states offer "social equity" programs whereby people that were in the cannabis industry before being legal or were incarcerated in jail before being legal. . . these people have priority to get licenses. But basically you need to get a property where you will do business, get city approval for a licesne, and then state approval. The process can take a few days, in the case of Oklahoma, or a few years, in the case of California. Q: #9 How much does it cost and how long does it take to get a cannabis license? A: legal cannabis is for those with money. To go from not having a license to having a functional usable license will cost at least $300K and more likely $2M and take at least one year to be fully functional. Just getting the license might cost less and take less time, but you still need a place of business that has special building code requirements before you can actually do business. . . and this takes time and money. Q: #10 What is the best way or how can I make money in cannabis? A: If you are not already in the cannabis industry then we suggest, start small, learn the industry and the culture. Cannabis is very different from many established industries and the cannabis industry, even though it was illegal, until recently, the cannabis industry is very well established and applying traditional business practices from other industries almost never works in cannabis. Many multi million dollar companies and investors have lost all of their money. So start small and eat what you kill. Slow is fast in cannabis. Q: #11 Is cannabis federally legal or what does the recent announcement by Joe Biden about federal legalization and cannabis mean? A: Cannabis is not federally legal. The video link above is from Lisa Remillard aka "The Girls Girl" and she does a banger job of explaining all of this. But president Joe Bidens announcement recently means federal legalization has begun. It will take probably 5 to 10 years before cannabis is completely federally legal so for the time being Banking is still limited. Submitting taxes to the IRS has a cannabis company is still a challenge. To be federal legal, the DEA has to approve that cannabis is not a crazy high risk drug like LSD. And the DEA made that change recently. That is essentially what Joe Biden talked about recently. Cannabis was changed from a schedule 1 drug (i.e. LSD) to a schedule 3 drug (i.e. tylenol with codeine). Which in lay man terms means, cannabis will not kill you but it might have addictive properties to it. But the reality is, there is very little to no physically addictive properties to cannabis like there is with codeine or alcohol. So eventually we will probably see cannabis go from schedule 3 to 2 or 1. |