To obtain a recreational cultivation business license in Colorado, you must fill out a Marijuana License Application.
This application will include information about the owners and the legal business requirements and forms, such as tax and background checks. All processes and organizational structures should be documented for review by the state.
The application will also require you to mark off your desired business licensure, such as recreational or medical and related information, such as license type, business name and address, contacts, and stakeholders.
It’s best if you are fully prepared to start a marijuana business before even applying so that the application gets approved right away. Check out your local city regulations for a full application checklist.
Colorado is contracted with Metrc, a statewide, mandatory tracking system that serves as the state system of record. All licenses in Colorado are required to keep adequate records to ensure that all inventory of plants and products are tracked to provide a clear line of origin.
Cultivators should keep records of harvest dates and follow all instructions set by Metrc to successfully tag and manage inventory. Transfers should also be managed with shipping manifests so that all transfers and taxes can be easily proven.
Metrc is a great tool and can be widely advantageous for any license in the state attempting to track their cultivation operation effectively. Still, it is not the only system of record that a licensee should use. A robust tool such as 365 Cannabis can optimize your Colorado seed to sale operations, give you visibility into all processes and inventory, and is a great system of record both financially and for cultivation.