A Quick Guide on How to Open Your Own Cannabis Dispensary
The marijuana industry is booming with 16 states having legalized the profitable substance in the past few years.
As marijuana legalization continues to spread across the United States the profits you stand to earn from it will grow.
Opening a cannabis dispensary is one of the best ways to get your slice of the budding cannabis market. Like starting any business in the retail industry, opening a cannabis dispensary can be challenging.
You can use all the help you can get, so check out our handy guide on how to open the best cannabis dispensary possible.
Medical or Recreational Cannabis Dispensary?
One of the first things you need to decide is whether you will open a medical or recreational cannabis dispensary. Every state has its laws when it comes to medical and recreational cannabis so use these as your guideposts.
In some states, you may have no choice but to open a medical dispensary as the recreational option is not available to you yet.
All states have certification processes that are independent for medical and recreational cannabis retail. Do some research about what the legal process of opening a cannabis dispensary is in your state.
Keep in mind that there are some inherent advantages to both a medical cannabis dispensary and a recreational cannabis dispensary. Ideally, you can get certified to sell both so you can capitalize on the total cannabis market.
Finding a Location
Picking what state to locate your dispensary in is the first way to narrow down your location. You need to zoom in a bit closer and choose what specific city, neighborhood, and building you will put your brick-and-mortar shop in.
Keep in mind that many towns and cities have specific bylaws about where cannabis dispensaries can be located. Many towns love having a dispensary as it creates many cannabis dispensary jobs within their local community.
Others don’t like the idea of having a marijuana retailer too close to an area with schools or public buildings. Do some research to find your ideal location where your business will be appreciated and thrive.
Even though delivery services are taking off, having a brick-and-mortar location creates a community third-space that people enjoy spending time in. It also gives your business legitimacy as not only another online start-up.
Sourcing Your Cannabis Products
The single most important part of your business is the quality and variety of cannabis products you offer. You should always try to find local growers who can provide you with fresh bud at affordable prices.
You should also ensure that you keep a couple of crowd-pleasing staple strains on standby to satisfy your customer base. Find out what your customers want and keep their favorites stocked at all times.
Also rotate in new strains from time to time to keep things fresh. In that same vein, you need to offer a whole variety of top-quality cannabis products. This includes things such as edibles and vape products.
Do some research for more info about what cannabis products are popular and are worth carrying in your pot shop.
Don’t Let Your Opportunity Go up in Smoke
Opening a cannabis dispensary is an excellent opportunity to make some real money doing what you love. There has never been a better time than now to open a cannabis dispensary.
If you think you got what it takes to open a cannabis dispensary, try your hand at it today by using the advice in this guide. Then check back with our site for other great informative content.