HomeMy WebLinkAboutOwnership - Lab Tested Digital Cannabis Business Operator Permit Application FormFinancial Capacity
The initial capital requirements for the company will be the initial city application fee, the yearly city
license, as well as all state licensing fees. Other initial associated costs will include permits to operate a
business, permits for site improvements, updating the site to meet local and state security requirements.
The owners will fund a minimum of 50% and a maximum of 100% of all costs associated with licensing,
building improvements, inventory procurement, and business expenses through personal funds. Should
the company require more capital than the owners are able to provide through personal finance owners
will either obtain a private loan, or bring on investors.
Owners plan on implementing marketing strategies prior to opening to push merchandise sales, educate
the public, and ensure market awareness so that upon opening there is brand recognition.
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All initial capital needs will be covered by partners who have a bank balance of should
these balances not prove to be sufficient funding owners will either obtain a private loan, or bring on
investors. Owners have spoken with outside parties willing to loan the necessary monetary needs for the
business to succeed as well as taken steps to find individuals in the local community who would
purchase ownership in the company should it be necessary.
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