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Discover the simple steps to start your own cannabis dispensary in this must-watch training! 🌱 The legalization of cannabis is moving at a fast pace across the globe... AND with regulated markets allowing the use of medical cannabis & permitting its consumption for every adult. ▸▸ Message Us "START DISPENSARY" On Instagram For Our Full PDF Guide: / greencultured ▸▸ Subscribe To Our "GC Insider" Newsletter: https://GreenCulturED.co/Industry-Res... ▸▸ Get Tuition-FREE Courses (Learn Cannabis Like A Pro): https://GreenCulturED.co/Industry-Res... The designation of cannabis dispensaries as essential businesses by many regulated markets proved to be a game-changer & allowed the cannabis retail industry to weather the STORM. 🤯Generally speaking, however, the four (4) most important initial steps in opening a dispensary, no matter the region, can be boiled down to finding an appropriate location, applying for the legal license, raising initial capital & drafting a solid business plan. Whether you're dreaming of becoming a cannabis entrepreneur or expanding your business expertise, this training is your ultimate guide... Learn to work SMARTER & tackle the challenges of the cannabis industry HEAD-ON. 🚨 Discover the keys to success, including licensing, financing, community outreach & store design. Avoid costly mistakes & gain insights into compliance, security & inventory management to ensure your dispensary thrives in any market. Here’s what you’ll learn: Cannabis Dispensary Basics Licensing & Application Process Business Plan Components Cost & Financing Real Estate & Community Involvement Store Design & Shopping Experience Building Your Dream Team Sourcing Product & Inventory Management Point-of-Sale (POS) System & Other Equipment Security & Safety Plan 🤑 In terms of the total cost, while no two (2) dispensaries are EQUAL... You’re probably not going to be able to really establish in any location with less than one-hundred & fifty thousand dollars ($150,000) & in regulated markets with extensive capital requirements, you could easily need upwards of two-million dollars ($2,000,000) or more. Additionally, as a cannabis dispensary, you are likely going to pay a significant premium over regular market rates for all sorts of products & services. 🤩 Expansion is the name of the game in retail so operators are opening more locations than in previous years & hiring more employees. As the industry grows & regulators introduce more business-friendly practices, consolidation is expected to continue in several maturing markets. If you are thinking about opening a dispensary, the time is now because the fact of the matter is that entering the legal cannabis industry can be incredibly profitable & there are opportunities galore. 📌 In this training, we offer an objective look at both the potential benefits as well as the risks involved in opening a dispensary. You’ll gain comprehensive information about the entire process - from obtaining initial funds to applying for a legal license, all the way through opening your doors to customers. Unfortunately, the grass isn’t entirely “greener” when it comes to the business landscape & there are multiple challenges & risks that dispensary owners must navigate & overcome. 🤓 Broadly speaking, these can be categorized into five (5) groups: 1) Legal 2) Compliance 3) Social 4) Financial 5) Security While all of this may sound challenging, successfully opening & operating a dispensary is more than rewarding. 🥳 You’ll notice that one recurring answer in this training is “it depends” - all regulated markets have their own licensing, application & compliance procedures, meaning the legal landscape in which dispensaries operate can vary dramatically. We’ll try not to harp on the point, but always remember that everything needs to be cross-referenced against the policies & procedures that cover the regulated market in which you intend to operate. Most regulated markets maintain a checklist of sorts on their official website that details how the application process works, which you’ll want to take a look at. 👍 To keep things simple, we’ve identified seven (7) critical areas of focus that your plan should address to gain licensing approval & attract potential investors: 1) Real Estate & Store Design 2) Financing 3) Business Model 4) Team 5) Sales & Marketing 6) Operations 7) Security Measures Some regulated markets require you to submit a complete business plan with your application while other regulated markets may ask for a brief explanation. It is better to have separate business plan documents for both your license application & your vision to train the cannabis business once you have obtained the legal license. Let us now dive into the initial research & planning required before taking the plunge into opening a cannabis dispensary. Ready to start your cannabis dispensary journey?