A law firm and consultancy specializing in the fast growing emerging agriculture market sweeping across the United States launched a new product branded as the Startup Bundle. The service product includes the consulting services of financial models for valuations, a business plan, and the requisite documentation to lawfully raise capital by unlisted securities.
“So many of our clients are just getting started and need understanding about the value of what the industry has to offer,” says attorney Howard. “Our Startup Bundle answers all those questions, plus address specifics that certain license types require.”
The cost of opening a dispensary or cultivation business can vary greatly depending on the configurations of the licensed activity. Very often each market segment in the emerging agriculture industry requires a licence. So a company must license its craft grow and also its dispensary, or processing facility or other areas of its operations. Compliance costs can grow beyond many operators expectations.
Collateral Base believes that service products like its Startup Bundle can provide a head start for teams getting into the Industry that take the time to do the leg work and really dive into where they fit in the larger emerging agriculture market.
Many of the license applications for operating as a dispensary or cultivator require detailed business plans and numerous corporate disclosures. Some jurisdictions go further and require hundreds of thousands of dollars in trust accounts to prove financial viability for any business that wants to begin operating in the emerging agriculture industry.
Applications for licenses can be hundreds or even thousands of pages long. Oftentimes states employ so-called merit-based scorings of the applications that can lead to litigation and costly delays. So a clear plan of action and budget for new operators can be the difference between those that have a comprehensive strategy from those that are merely winging it.
About Collateral Base Lead Attorney, Tom Howard
Licensed to practice since 2008, Thomas Howard has represented numerous financial institutions in litigation to enforce their security interests. Since 2018, he has helped numerous emerging agriculture companies with their licenses, operations and various regulatory and tax compliance issues.
Mr. Howard created a law blog where he and his team have set their efforts to educate and inform people about the many aspects of cannabis law, and the importance of compliance and smart moves companies should be aware of to succeed in their industry.
Company Name: Collateral Base, LLC
Contact Person: Ivette Cuenod
Email: Send Email
Address:The Maxam Building 316 SW Washington St. Suite 1A
Country: United States