As a Producer, with facilities ½ the indoor growing area [5,300’] for a required Tier Two license [10,000’] this is already a scaled down facility. The practicality of the statute is that no more than 2 million square feet of marijuana may be grown within the State of Washington.
What this means is that the Tier One license [maximum 2,000’] can have no more than 1,000 such licenses issued, Tier Two [10,000’] can have no more than 200 licenses issued; and Tier Three [30,000’] can have no more than about 66 licenses issued. Of course there will be combinations of these tiers, and if the limit is reached then pro-rata reduction of each growing amount per license.
Here, we have already calculated for a reduction under Tier Two, by offering to grow ½ the allowable amount under a Tier Two license.
So, here are some things that need to be in your Operating Plans:
[OPERATING PLANS COME IN TWO PARTS] –
General purpose is to show your understanding of the manufacturing and delivery processes involved, for you to think everything through. In your case this involves the farming, and all activity up to the point where processing takes over. Day to day processes explained.
[OP PART I – STARTS WITH THE STAGE OF DEVELOPMENT] –BUSINESS/financial
EXPLAIN (STEP BY STEP) HOW THE PRODUCT OR SERVICES WILL BE produced, and identify possible problems that may arise in the process. Explain industry standards, and how you will comply with those standards & state/local regulations. This will also involve security specific to your facility.
Explain costs, financing if any, prices, terms, timing, and other such conditions.
Describe what contingency measures you have taken should your estimates not meet the actual costs, etc. Describe your sale price, and show that you can make it against all of your costs, or how long it will take to make it.
Describe risks that may be involved, and how your plan to deal with risks. These might include bugs, mold, water problems, loss of inventory records, theft, how to keep track of each individual plant, tracking buds, to loss at the lab, etc.
[OP PART II – INVOLVES EXPLAINING THE ACTUAL PRODUCTION PROCESS – the physical part]
Here, you explain the equipment, building improvements & permits, inspection times, diagrams of the premises, light location, estimated power usage, phase one, 2, or 3, into the building.
If you would like our staff to prepare the Operating Plan for your license, contact us at (206) 259-6981
Washington Cannabis Institute with attorney and industry professionals and will be hosting this live seminar to go over all aspects of I 502 marijuana business operation.
Our hands on I-502 marijuana business start-up seminars are perfect way to learn how to get approved for I 502 permits, and start working on your Operating Plan.
In WCI marijuana workshops, you get an intense 2 full days of advanced information about how to get the licensing process completed and what goes into making a winning Operating Plan for your retail, producer or processor license. Find out how, click here for more information.