A Fast-Paced Industry Requires Holistic Business Strategies
Traditional business consulting is well-suited to traditional businesses. After all, they’ve evolved hand in hand for more than a century. Heavily regulated cannabis, however, is another story. Launching a cannabis business and keeping it primed for growth quickly can prove overwhelming. There are so many crucial systems to sort—supply chain logistics, manufacturing standard operating procedures, inventory management, human resources, payroll—and so little time to figure out what works best. Mainstream business consultants have developed a one-size-fits-all structure that covers the basics, but cannabis consulting requires a more holistic approach to business operations. The industry has a uniquely wide variety of different regulations from state to state, not to mention an ever-growing number of business services on offer. It’s no secret businesses are willing to invest a lot of money in consultancies. The field generated about $132 billion worldwide in 2020 alone. This is because ...