Business, Regulatory, and Legal Compliance: With nearly a decade of experience managing cultivation, extraction, and retail facilities for both smaller outfits and multi-state operators, our team at Hy-bee has developed or own proprietary Operating Procedures to help eliminate common issues cannabis businesses face with regulatory compliance. Our comprehensive knowledge of NJ Regulations, partnerships with local cannabis attorneys, and real-world experience with compliance software will help ensure your organization is proactively managing compliance risk.
Market Research, Competitive Analysis, Feasibility Studies: Inadequate funding along with unrealistic assumptions and expectations are some of the primary drivers of business failure within the cannabis industry. We know and understand the cannabis market from the inside out and stay up to date on market competitors, overall trends, and the constantly evolving landscape of politics, laws and regulations. If you have an idea or vision for a business, reach out to us today to determine the feasibility of your project. Hy-bee will advise you on any factors you may not be considering and how to increase your likelihood of success.
Business Plans/Application Preparation/SOP’s: A properly crafted business plan helps provide entrepreneurs clarity and guidance while telling the story behind the core values, mission, and vision of your business. Through our partnership with Gerardo Law, we have the experience, industry knowledge, and resources to create customized business plans for retail, cultivation, manufacturing, and delivery cannabis businesses. Hy-bee will also help forecast your company’s success and offer insight to investors on when they can expect to see returns on their investment. Our business plans come complete with pitch decks and an enhanced personalized sales and marketing plan to help achieve your business growth objectives. When ready to apply for licensure, we can assist you in every step along the application process.
Business Strategy: One of the most common reasons for failure amongst cannabis businesses is defective business models. While a comprehensive business plan will help you on the path to success many other factors such as core competencies, execution of strategy, and the ability to pivot in response to changing market conditions remain crucial to both short-term and long-term viability. Our team at Hy-bee has the experience to guide you to a winning business model and the resources and expertise to help you execute with precision. “Staying afloat” isn’t good enough… we want to see your business thrive and FLY HIGHER!
Product and Pricing Strategy:In this ultra-competitive emerging market, having the right products to match your target demographic is crucial to business success. Whether cultivator or retailer, our team can help curate a portfolio of products and pricing strategies driven by data and insight to keep your target consumer coming back time and time again. Let the team at Hy-bee help devise the optimal product and pricing strategy to help your organization realize it’s long-term growth objectives.
Sourcing / Procurement / Supplier Relations: Hy-bee’s principals have more than a decade of experience sourcing and procuring an assortment of primary and ancillary products for Fortune 250 clients across the globe. As various states began to legalize cannabis, we were all too eager to put these skills to work for the cannabis community. No matter your needs, Hy-bee can help guide your strategic sourcing decisions and ensure you’re procuring products at the most competitive prices. In addition, we also have real world experience with cannabis traceability and inventory management software. Let the team at Hy-bee optimize your supplier network to manage inventory, supplier relations, and business risk more effectively. Contact us today to learn more!
Contractual Negotiations and Enforcement: Prior to building Hy-bee, our team attained roughly 15 years of experience negotiating the pricing and terms of multimillion dollar contracts with business owners and C-Suite executives from Fortune 500 companies. Our expertise, along with a profound knowledge of market participants and understanding of how the regulated cannabis market operates, helps us decipher which players to negotiate with and determine the best approach to maximize desired outcomes and minimize business and operational risk. In the event of a contractual dispute or disagreement, we are proud to offer preferred pricing on mediation and litigation services through our partnership with Gerardo Law
Branding and Marketing: Hy-bee offers a full spectrum of services to help build you build and market your brand. Whether you need a logo design or you’re looking to establish your digital footprint, Hy-bee is here to help! Our services include graphic design, website development, search engine optimization, digital reputation and social media management, and much more. Our team can also assist with more traditional print media such as business cards, promotional brochures, and any other type of physical print branding.
Business Process and Workflow Optimization: The best way to improve a process is to observe it in its natural ecosystem. Even the brightest and most experienced minds oftentimes fall victim to not being able to see the forest though the trees. The team at Hy-bee has the experience and expertise to identify areas for ripe for improvement. We pride ourselves on our ability to quickly implement optimal methodologies and world-class solutions to help clients secure long term foundational success.
