Want to Open a Dıspensary?

Between the crazy regulations, tax codes, and banks that won’t go near you, this is no ordinary business. Don’t even think about it without this road map.

CHRISTIAN HAGESETH

When Colorado first legalized recreational marijuana, in 2014, a smattering of pot shops popped up. What a difference five years make. There are more dispensaries in Denver than Starbucks, McDonald’s, and 7-Eleven stores combined, and statewide the number exceeds 500. But while many dispensaries are thriving, a good handful are generating revenues far below the industry average. Why? This business presents unique challenges to entrepreneurs that you might never expect. Before diving in, a few things to know: 1. You are not an expert just because you ran a business or smoked marijuana for years. I entered the cannabis industry with all the confidence in the world, having more than a decade of experience behind me as a successful serial entrepreneur. Because running a business was second nature to me,…

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Green Entrepreneur (Digital) - 1 Issue, Spring 2019

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