Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Schedule of subsidiaries

The following are the Company’s wholly owned subsidiaries that are included in these consolidated financial statements as of and for the years ended December 31, 2020 and 2019:

Subsidiaries	Jurisdiction		Interest
GTI23, Inc.		Delaware		100	%
VCP23, LLC		Delaware		100	%
GTI Core, LLC		Delaware		100	%

The following are VCP23, LLC’s and GTI Core, LLC’s wholly owned subsidiaries and entities over which the Company has control, that are included in these consolidated financial statements for the year ended December 31, 2020:

Subsidiaries	Ownership			Jurisdiction	Purpose
JB17, LLC		100	%	Maryland	Management company
GTI-Clinic Illinois Holdings, LLC		100	%	Illinois	License holder
IL Disp, LLC		50	%	Illinois	License holder
RISE Holdings, Inc.		100	%	Massachusetts	License holder
GTI Maryland, LLC		100	%	Maryland	License holder
Ohio Investors 2017, LLC		99	%	Ohio	Holding Company
GTI Ohio, LLC		99	%	Ohio	License holder
GTI Nevada, LLC		100	%	Nevada	License holder
GTI Pennsylvania, LLC		100	%	Pennsylvania	License holder
GTI Florida, LLC		100	%	Florida	Holding company
KSGNF, LLC		100	%	Florida	License holder
GTI New Jersey, LLC		100	%	New Jersey	License holder
KW Ventures Holdings, LLC		100	%	Pennsylvania	License holder
Chesapeake Alternatives, LLC		100	%	Maryland	License holder
Meshow, LLC		0	%	Maryland	License holder
Advanced Grow Labs, LLC		100	%	Connecticut	License holder
Bluepoint Wellness of Westport, LLC		46	%	Connecticut	License holder
Bluepoint Apothecary, LLC		100	%	Connecticut	License holder
Southern CT Wellness and Healing		100	%	Connecticut	License Holder
Integral Associates, LLC		100	%	Nevada	License holder
Integral Associates CA, LLC		100	%	California	License holder
Fiorello Pharmaceuticals, Inc.		100	%	New York	License holder
MC Brands, LLC		100	%	Colorado	Intellectual property
For Success Holding Company		100	%	California	Intellectual property
VCP IP Holdings, LLC		100	%	Delaware	Intellectual property
Vision Management Services, LLC		100	%	Delaware	Management company
TWD18, LLC		100	%	Delaware	Investment company
VCP Real Estate Holdings, LLC		100	%	Delaware	Real Estate holding company

Schedule of estimated useful life of Property and Equipment

Depreciation is calculated on a straight-line basis over the estimated useful life of the asset using the following terms and methods:

Land	Not Depreciated
Buildings and Improvements	39 Years
Furniture and Fixtures	5 – 7 Years
Computer Equipment and Software	5 Years
Leasehold Improvements	Remaining Life of Lease
Production and Processing Equipment	5 – 7 Years
Assets Under Construction	Not Depreciated

Schedule of estimated useful lives of Finite Lived Intangible Assets

Amortization periods of assets with finite lives are based on management’s estimates at the date of acquisition and were as follows for each class of intangible asset as of December 31, 2020:

Licenses and Permits	7-15 years
Tradenames	3-15 years
Customer Relationships	3-7 years
Non-competition Agreement	2-5 years