Capital March 21

Posted Posted in Cannabis Business Courses

Strategy for bringing in an investor, merging with another company or entering into a partnership may be part of your business plan.

Without investors or substantial working capital most businesses will fail in the early stages of development.  Working capital is crucial. It enables a business to move from the planning stages into a striving a company. Money is needed to hire key staff, purchase or manufacture inventory,  website design and management, and for marketing. 

Investors offer more than just financial backing. They come with expertise that can make your business more successful.

Do not confuse: “My business can be successful” for “My business is invest-able.” 

This course covers:

How to establish a viable business model to present to investor groups, private equity, and venture capital funds. 

Understanding the perspective of cannabis investors and how they view the industry from a macro, and micro perspective. 

Structuring an acquisition or merger, as well as integrated and multinational supply channels.

The Women Cultivating Success CBD-Hemp Business Conference focus is on business education and many valuable connections could be missed. So, we encourage attendees to bring a minimum of 100 business cards for the Chamber’s “Business in a Bag”. We will have a table of small bags set up. Attendee may drop a business card in each bag. During the courses’ break each person picks up a bag of business cards.

Course size is limited to 30. We believe this facilitates a better connection between the information being presented, the instructor and the attendee

You are serious about your business. We are serious about delivering the gold standard of cannabis, cbd, and hemp business education.

 To view all courses click on Members’ Course Registration. 

Instructor: Preston Gardner, Research Analyst, Attorney

Module V Strategy and Preparation for Working with Investors, Mergers, Partnerships

2:00 – 6:00 March 21th Denver





Writing SOP's

Writing SOP’s, Human Resources, Health & Safety

Posted Posted in Cannabis Business Courses

Writing SOP’s (Standard Operating Procedures) establishes a benchmark for the quality of products and services provided. These written procedures are the manual that defines your daily business practices.

Writing SOPs save time and money by streamlining processes to complete tasks in less time.

A standard operating procedure ensures consistency in the performance of workplace duties and safety by all employees.

Having SOP’s in place eliminates any miscommunication between employers and employees. These include your training manual and employee manual and makes your employee accountable for their actions.

Rather you have 2 or 200 employees you need a Human Resource set of procedures, as well as, procedures to ensure you adhere to Health & Safety (OSHA) regulations.

This course teaches which SOP’s you will need, how to write them, how to set up a HR department, and Health & Safety regulations.

The Women Cultivating Success CBD-Hemp Business Conference focus is on business education and many valuable connections could be missed. So, we encourage attendees to bring a minimum of 100 business cards for the Chamber’s “Business in a Bag”. We will have a table of small bags set up. Attendee may drop a business card in each bag. During the courses’ break each person picks up a bag of business cards.

Course size is limited to 30. We believe this facilitates a better connection between the information being presented, the instructor and the attendee

You are serious about your business. We are serious about delivering the gold standard of cannabis, cbd, and hemp business education.

 To view all courses click on Members’ Course Registration.

Instructor: Amber Wick, Founder & CEO, Amber Wick LLC.

 

Module VII 

Standard Operating Procedures, Human Resources – Health & Safety

March 21th 2:00 -6:00 Denver



 

CBD Products

How to Open a CBD Infused Product Company

Posted Posted in CBD Business Courses

CBD Infused Product lines can be created through vertical integration or by contracting with a company that offers white labeling. This course covers the steps and processes of utilizing either approach.

Vertical Integration is the combining of hemp cultivation with hemp processing, product formulation, packaging, branding, and distribution under a single ownership. Vertical Integration is the “in house” consolidation of all aspects of cbd production from the field to the shelf. 

White Labeling is the practice of purchasing an existing product from the producer and branding and selling the cbd infused product under your company’s name. Several companies offering white labeling options include formulation and development for customization of your cbd infused product.

Private Labeling is licensing your product to another company to sell under its own name and brand, rather than under yours. Private Labeling is a viable option for vertical integration companies.

The Women Cultivating Success CBD-Hemp Business Conference focus is on business education and many valuable connections could be missed. So, we encourage attendees to bring a minimum of 100 business cards for the Chamber’s “Business in a Bag”. We will have a table of small bags set up. Attendee may drop a business card in each bag. During the courses’ break each person picks up a bag of business cards.

Course size is limited to 30. We believe this facilitates a better connection between the information being presented, the instructor and the attendee

To view all courses click on Members’ Course Registration.

Larisa Bolviar Founder & CEO Bolivar Hemp CompanyLarisa Bolivar, founder and CEO of Bolivar Hemp Company, is the instructor for this course. She has over 18 years of experience in the cannabis industry including owning and operating a medical dispensary.

She has been instrumental in winning licenses for clients in competitive states. She has written standard operating procedures and other company operating documents across multiple highly regulated markets, assisted companies in becoming more efficient and profitable, has successfully helped business get organized and prepared for mergers and acquisitions and further provides organizational development support.

Larisa Bolivar is Executive Director and Chairwoman of the Cannabis Consumers Coalition and is on the Board of Directors of Colorado NORML and Women’s Cannabis Chamber of Commerce.

Larisa Bolivar was named one of the 2019 “Top 100 People You Should Know”by Hemp Connoisseur Magazine.

Module I How to Open a CBD Product Company

9:00 – 1: 00 February 29 Denver




Marketing CBD

How to Market CBD Products and Company

Posted Posted in CBD

Marketing CBD products is critical to your business success. Everyday new cbd ecommerce sites are being created. Traditional skin care and beauty lines are launching cbd products. National breweries and wineries are investing in developing cbd infused beverages. CBD products. 

Your products and company are competing against established corporations with research departments, manufacturing facilities and marketing agency. There marketing options are the same ones you have: Social Media and Your Website!

This course teaches how to be your own marketing company and effectively produce sales and growth.

The Women Cultivating Success CBD-Hemp Business Conference focus is on business education and many valuable connections could be missed. So, we encourage attendees to bring a minimum of 100 business cards for the Chamber’s “Business in a Bag”. We will have a table of small bags set up. Attendee may drop a business card in each bag. During the courses’ break each person picks up a bag of business cards.

Course size is limited to 30. We believe this facilitates a better connection between the information being presented, the instructor and the attendee

You are serious about your business. We are serious about delivering the gold standard of cannabis, cbd, and hemp business education.

To view all courses click on Members’ Course Registration.

How to Market CBD Products and Companies CBD Module VII February 29, Denver




Intellectual Property

Intellectual Property Trade Names, Trademarks, Copyrights, Patents

Posted Posted in CBD, Uncategorized

Intellectual property, IP, is a legal term covering various forms of valuable business assets. The three primary areas of IP are trademarks, copyrights and patents.

Intellectual property can be logos and corporate identity through to products, services and processes that differentiate your business from your competition.

It is important to protect any unique products or services that you own. Competitors can use your success, branding, and reputation to take away market share.

The course covers filing for trade names, trademarks, copyrights, and patents. 

The Women Cultivating Success CBD-Hemp Business Conference focus is on business education and many valuable connections could be missed. So, we encourage attendees to bring a minimum of 100 business cards for the Chamber’s “Business in a Bag”. We will have a table of small bags set up. Attendee may drop a business card in each bag. During the courses’ break each person picks up a bag of business cards.

Course size is limited to 30. We believe this facilitates a better connection between the information being presented, the instructor and the attendee

You are serious about your business. We are serious about delivering the gold standard of cannabis, cbd, and hemp business education.

To view all courses click on Members’ Course Registration.

Intellectual Property Trademarks, Patents Business Course Module VII CBD February 29 Denver




SOP's

Writing SOP’s, HR, Health & Safety Regulations

Posted Posted in CBD Business Courses

SOP’s, Standard Operating Procedures are a set of documents in a manual form that define your daily business practices. These written procedures establish a benchmark for the quality of products and services provided.

Developing SOPs save time and money by streamlining processes to complete tasks in less time.

A standard operating procedure ensures consistency in the performance of workplace duties and safety by all employees. 

Having SOP’s in place eliminates any miscommunication between employers and employees. These include your training manual and employee manual and makes your employee accountable for their actions.

Rather you have 2 or 200 employees you need a Human Resource set of procedures, as well as, procedures to ensure you adhere to Health & Safety (OSHA) regulations.

This course teaches which SOP’s you will need, how to write them, how to set up a HR department, and Health & Safety regulations.

The Women Cultivating Success CBD-Hemp Business Conference focus is on business education and many valuable connections could be missed. So, we encourage attendees to bring a minimum of 100 business cards for the Chamber’s “Business in a Bag”. We will have a table of small bags set up. Attendee may drop a business card in each bag. During the courses’ break each person picks up a bag of business cards.

Course size is limited to 30. We believe this facilitates a better connection between the information being presented, the instructor and the attendee

You are serious about your business. We are serious about delivering the gold standard of cannabis, cbd, and hemp business education.

 To view all courses click on Members’ Course Registration.

Module VII CBD-Hemp

Standard Operating Procedures

Human Resources – Health & Safety

February 29 2:00 -6:00 Denver



Women's Cannabis Chamber of Commerce Part I

Starting the Women’s Cannabis Chamber of Commerce Part 1

Posted 3 CommentsPosted in Uncategorized

Starting a Women’s Cannabis Chamber of Commerce or being involved in way with the emerging cannabis industry had never entered my mind.  It was a beautiful spring morning in Evergreen. I was meeting with another member of the Evergreen Chamber’s Ambassador Committee. I owned a social media marketing company and morning coffee meetings were common.

He leaned in and whispered softly, “I have this friend and he needs someone to do marketing stuff”. In my mind I had already begun to speculate and react. His behavior was overly secretive, “oh, my God, he’s into porn and I’m going to freak out in the local coffee house.”

“Ah, he’s opening a medical marijuana dispensary and ah would you meet with him?”

In my mind my response was “Oh, f#*k No!”

I’m old enough to be able look back at all the crossroads in my life and how my choices played out. Intuitively I recognized this as a crossroads. I excused myself and went to the rest room.

In 2011 getting into a cannabis related business or being an activist for medical marijuana and legal reforms did not capture my interest.

At 61 I had settled into a comfortable lifestyle in the foothills outside of Denver. Up until the early 90’s my relationship with marijuana (no one called it cannabis) had been more than just smoking. People I knew were going to prison. We couldn’t visit or write them because it would put us under scrutiny. They became ghosts, their absence from my life haunted me. Living with the daily fear of going to prison and losing my business and home was not worth it.

I had followed the progress of medical marijuana since the passage of Amendment 20 in 2000. I watched the news stories about the first dispensary, Colorado Compassion Club, opening in 2004. And, the news stories about it being raided that same year.

There were sensationalized stories about the 2007 murder of  Ken Gorman, a Colorado marijuana activist, and founder of the 420Rally. I was certain the medical marijuana movement had no future.

My knowledge of marijuana as a medicine was nonexistent. I needed to do some research. I refilled my coffee, went home and began researching medical marijuana. I was literally shocked by the research especially Dr. Grinspoon’s. He began studying marijuana in 1967, with the intention of defining scientifically the nature and degree of the dangers of marijuana use. As Dr. Grinspoon reviewed the existing research and literature he concluded that the general public had been misinformed and misled.

I poured over medical journals and obscured research papers some dating back centuries. Why didn’t I know about the healing qualities of cannabis? I had always been into herbs and natural alternatives to pharmaceuticals. So, this was what the “patients” protesting for access to medical marijuana knew. This was the education that Colorado Consumption Club was providing. My ignorance was overwhelming.

To further my research into what was emerging as the business of cannabis, I created a facebook profile as MySweet Jane. I immediately received friend requests – all from men. Where were the women?

The way cannabis businesses and consumers were using social media to connect and market was brilliant. I had been conducting social media workshops for small businesses and was frustrated that few of those in attendance comprehended the power of social media marketing. The cannabis industry and consumer was changing how marketing was done.

It was sunrise and I had been researching all night. It was too late and too much coffee to go to bed. I needed more information. I drove down the mountain to the nearest dispensary. I had a list of questions, including “are there a lot of women working in medical marijuana dispensaries?”

I rang the bell. The darkened window behind the bars opened. A young woman asked if she could help me. I awkwardly tried to explain why I was there.

Two days later I was the first person in line at the Cannabis Cup.

open a cbd company

Why You Should Open A CBD Company

Posted 2 CommentsPosted in CBD

You should open a cbd company because it is a once in a lifetime opportunity to in on the beginning of a new and rapidly growing market. Food and beverage products containing CBD were introduced to the consumer in the United States in 2017. 

CBD retail sales for 2017 were $358.4 million, $512.7 million for 2018. 

Bloomberg Businessweek: Researchers estimate the market for CBD in the U.S. alone could be worth almost $24 billion by 2023. In Canada sales of legal cannabis may reach $4.7 billion by that time, up from about $570 million last year, according to BDS Analytics. Annual sales of CBD could potentially be larger than those of marijuana, analysts say, because of the large number of products in which it can be used.

National companies have begun carrying cbd products, many have or are developing their own cbd lines. 

Large chains, including Walgreens, CVS Pharmacy, Ultra Beauty, Neiman Marcus and Kroger, have announced that they plan to sell CBD creams, salves and other topical products.

Urban Outfitters, Alkaline Water Co., Heinken, and Constellations Brands have added their names to the list of companies moving into the marketplace. 

National companies are entering into the cbd marketplace based upon analysis of consumer demand and overall profitability. As an entrepreneur considering entering into the cbd marketplace this is both intimidating and reassuring. You have the benefit of big corporations’ research that confirms cbd products are profitable and the market will continue to grow. CBD and hemp based products are not a fad. 

Hemp and hemp oil are used in place of cbd to avoid advertising, labeling and shipping issues, as state regulations for cbd vary.

It is intimating that you will be competing with large corporations for your market share.

You will also be competing with THC companies that have expanded into cbd/hemp products and with established cbd companies. There are also countless smaller cbd/hemp product companies populating the internet. 

If you are thinking the marketplace is already too crowded to open a cbd company, that you couldn’t compete against the “big guys”, that there’s too much risk, that you’ve missed the opportunity, you are wrong and you are not a true entrepreneur.  You can stop reading now!

The cbd product market is currently less crowded and less competitive than real estate.

The Association of Real Estate License Law Officials estimates that there are approximately 2 million active real estate licensees in the United States (2018). According to data from the National Association of Realtors, 5.34 million existing homes were sold in 2018.  According to the U.S. Census Bureau 667,000 newly constructed homes were sold in 2018. That averages out to approximately 3 home sales per realtor.

When you analyze all existing cbd and hemp oil companies you discover an ebb and flow, with each online company that closes a new company replaces. A vital piece of information we do not have access to is the sales from these online sites.

It is not expensive to maintain an e commerce website. Sales could be low and the site continues to be active. We have all heard that it takes at least 2 years for a new business to break even. That does not apply to online cbd companies. Patiently waiting for the first two years to pass thinking your product will suddenly catch on fire is business sabotage. 

You need a Purple Cow marketing strategy. The concept of the Purple Cow was introduced by Seth Godin, “But if you drive by a heard and standing in the field is a Purple Cow you have to tell someone because it is so different. When something forces you to remark on it, by definition it is remarkable.”

To further ensure your success you need accurate and relevant knowledge of the regulations, procedures, processes, market, quality of products, and solid relationships within the industry.

How to Open a CBD Product Company and How to Open a Hemp Based Food Company are taught by company founders/CEO based in Colorado. The business courses offers the instructors’ expertise how to launch, succeed, and expand your company. The courses also include instructors who specialize in compliance, human resources, health and safety, business contracts, and marketing. 

There will be regulatory changes and new development that cannot be foreseen. Online Mentors & Members Forums can be accessed to connect with the instructors, other cbd business owners and industry leaders to answer your questions.

Providing the knowledge to set up and launch your company, and access to mentors does not guarantee your business success. As an entrepreneur, you know that success also depends on how much time (the hustle) you spend working on and in your business. 

The Women’s Cannabis Chamber of Commerce goal is to move women beyond empowerment into powerful result driven career strategies, CEO positions, and business ownership. To achieve these goals we offer business courses taught by established, successful entrepreneurs from cannabis, hemp, and cbd companies. Courses are also available for download on our website. Members & Mentors Forums are open to members. Quarterly Women Cultivating Success conferences are an educational and networking platform open to all entrepreneurs. 

How to Open a CBD CompanyHow to Open a CBD Company

Madam C. J. Walker

Madam C. J. Walker Creating Success for Women

Posted Leave a commentPosted in Women Who Inspire

Madam C. J. Walker is my business mentor, inspiration, and motivator. Born Sarah Breedlove in 1857, she was orphaned at the age of seven. She often said, “I got my start by giving myself a start.” Sarah Breedlove went from picking cotton to changing the role of all women in business.

Struggling financially, facing hair loss, and feeling the strain of years of physical labor, Walker’s life took a dramatic turn in 1904. That year, she not only began using African American businesswoman Annie Turbo Malone’s “The Great Wonderful Hair Grower.”

In 1915 at the age of 58, she renamed herself  Madam C. J. Walker and with $1.25, launched her own line of hair products and straighteners for African American women, “Madam Walker’s Wonderful Hair Grower.” Madam C. J. Walker paved the way for Mary Kay, Avon and home parties like Tupperware. Two years later she opened a beauty school in Pittsburgh. In 1910 she opened the Madam C. J. Walker Manufacturing Company in Indianapolis,

Madam C. J. Walker created successful marketing strategies, training programs and distribution models that were considered innovative for the time.  She organized clubs and conventions for her representatives, which recognized not only successful sales, but also philanthropic and educational efforts among African Americans.

Madam C.  J. Walker was an advocate of economic independence for black women. She opened training programs in the “Walker System” for her licensed sales agents. She paid generous commission and employed over 40,000 African American women and men in the US, Central America and the Caribbean. The “Walker System” provided lucrative incomes for those whose main options were jobs as farm laborers or servants

Madam C. J. Walker founded the National Negro Cosmetics Manufacturers Association in 1917. She was an active part of the  social and political culture of the Harlem Renaissance.  Her philanthropies included educational scholarships and donations to homes for the elderly, the National Association for the Advancement of Colored People, NAACP, and the YMCA.