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THREE TIPS IN OPENING A
DISPENSARYTHE DISPENSARY EXPERTS: HTTP://WWW.THEDISPENSARYEXPERTS.COM
INTRODUCTION
• Medical marijuana is a positive part of the lives of many people.
• Creating a situation where you can help people by providing them with medical marijuana can also be a positive thing.
• However, not everyone knows the steps they have to take to be in a position where they are able to think about opening a dispensary.
• This presentation aims to give you some advice on this particular topic.
• By the end of this presentation, you should be a little more informed in providing people with medical marijuana through a dispensary.
1. THE CONTEXT IS IMPORTANT
• Your first step will be with regards to the culture to which you will be setting up your dispensary.
• Every state is different with regards to the regulations and also the perspective and view points regarding medical marijuana.
• You may find it incredibly easy to set up your dispensary, but on the other hand, it could be the case that you become incredibly
• This is because of the various rules and regulations that your state has in place around opening a dispensary.
• So, the first thing that you have to do is to get on top of these rules and know exactly where you stand.
• Your best bet in this regard is to talk to the Department of Health in your state.
• These guys will be able to tell you about the various rules and guidelines that you need to fit into when you are opening a dispensary.
• These rules and guidelines need to be understood by you so that when you are in the throes of your business, you have the peace of mind that comes with knowing you are doing things by the book.
2. THINK ABOUT THE COSTS
• Our next tip focuses on being aware of the costs that you will incur.
• This means having costs before you even open your doors.
• The startup cost when you are opening a dispensary is considerable.
• This cannot be avoided, and is due to the nature of what you are doing.
• There are many entrepreneurs doing what you are considering, and they are doing it right now.
• But they have paid a considerable financial cost to be in that position.
• With legal fees, insurance and the cost of achieving a license to cultivate your medical marijuana, you can expect to face startup costs of around $250,000.
• This is possibly a conservative estimate.
• So, our tip here is to bear in mind when you are putting your business plan together.
3. BEING PROACTIVE
• Our final tip is being proactive.
• If you are able to effectively crowd source your customer base, you should be in a good position.
• Use social media to rally the troops and build up interest in your upcoming business.
• Get excited about what you do, and social media should provide you with your first rush of customers.
• We advise that you do this at least six months before you open up your first store.
Opening a dispensary requires a lot of work and no small financial outlay. But, the rewards are great, and you are going to be helping people in the long run.