1. Choose a Location: When choosing a location for your dispensary, look for areas with high customer traffic and easy access. Consider factors such as zoning regulations and building ownership before selecting a space.
2. Obtain Permits & Licenses: Before you can open your dispensary, you must apply for and obtain all applicable business licenses, permits and certifications. These may vary from state to state so make sure you research the requirements in your area.
3. Invest in Quality Control: Make sure you invest in high-quality control systems to ensure consistency, quality, and safety of the products being sold.
4. Stock Up on Inventory: Before opening, you’ll need to stock up your dispensary with the appropriate inventory. Check local laws for the types of marijuana products that can be sold in your area.
5. Develop a Business Plan: This is essential for any business and even more important when starting a new cannabis business. Create a detailed plan that outlines your business goals, strategies, budget and more.
6. Hire Employees: When it comes time to staff your dispensary, make sure you’re hiring people who are knowledgeable about cannabis products and have customer service skills.
7. Market Your Business: Once everything is in place you’ll need to begin marketing your business. Consider utilizing social media and other digital platforms as well as traditional methods such as print and radio advertising.
8. Train Your Employees: Before letting them work with customers, ensure that all employees are trained on the products they’ll be selling and the company policies.
9. Establish a Rewards Program: Establishing a rewards program for customers is an excellent way to encourage loyalty and keep customers coming back.
10. Monitor Sales & Regulations: As the cannabis industry continues to evolve, it’s important that you stay up-to-date on sales data and any new regulations that might be implemented.