Learn how to open a marijuana dispensary. You can profit from Marijuana aka Cannabis by becoming involved directly or indirectly. There are many ways to profit from the Green Rush that’s now taking place all over the world. You can Partner with an established Retailer/Wholesaler of Cannabis products or get a license and make your brand.
How to open a marijuana dispensary
Step 1: Assess your commitment and eligibility
Opening a dispensary takes plenty of work. It’s a business that takes hard work and time to becomes profitable.
“It’s one of the hardest jobs you can do, It has to be taken seriously. In addition to requiring plenty of work, opening your dispensary will require careful compliance with local laws and state regulations, as well as a decent amount of start up capital.
Marijuana Business Daily projects revenue generated by dispensaries and retail stores could be between $6.5 and $8 billion by 2019.
Step 2: Do Your research.
To be successful as a dispensary owner, you must understand not only the existing laws around marijuana cultivation and sales, but also the proposed laws and changes that will go into effect in coming years.
Step 3. Find a rental property
Because of the ever-changing environment of the marijuana industry, a property that is compliant now might not be in two years. “Make sure that when you do access a property that it will be consistent with new laws that take effect.
Step 4: Write a Business Plan
Write a business plan, There are a lot of people who get involved in this business and aren’t serious. Understand what you’re getting into and don’t just listen to somebody.
Step 5: Get licensed
Getting licensed to open a medical marijuana dispensary is usually difficult and expensive. Be prepared to spend a lot of time on compliance and have a lot of resources ready for that
Step 6: Get Good Cannabis Products
Obtaining a good cannabis products for your marijuana dispensary, will be a central part of opening a successful dispensary.
Step 7: Market your cannabis dispensary
Decide what makes your cannabis dispensary competitive, and sell it. You can try to compete on price and or other things. It’s also important to check into the regulations around marketing your marijuana dispensary SCCSEO.com offers SEO, VIDEO SEO & SEM to help rank your marijuana business website & its videos to consistently bring you customers.
This concludes our short guide: How to open a marijuana dispensary