Tuesday, June 19, 2012

How To Open a Medicinal Dispensary

Medical Marijuana Dispensary

“According to See Change Strategy, a think-tank that conducted an industry-wide analysis of the medical marijuana trade, the current national market for cannabis is $1.7 billion. By 2016, the market could surge to $8.9 billion. To give some perspective, that’s more than the annual GDP of The Bahamas – by about a billion dollars.” ~ INC Magazine
There’s little wonder why so many entrepreneurs and investors are racing to take part in one of the most exciting, risky, and (perhaps) profitable enterprises today; the medical marijuana industry. The movement of marijuana into the light as a legitimate business and the excitement it has created is being coined with the phrase “the Green Rush”. So the big question is, how can you profit from the gold rush of the 21st century?

a medical marijuana dispensary is not an easy thing to do. In addition to state regulations, legal compliance, production complications and a substantial sum of money just to get started, you’ll be facing all the hurdles every typical business owner faces, including marketing, competition, human capital, scalability, etc. Ultimately, opening a medical marijuana business poses a number of difficulties for an entrepreneur. This is especially true when it comes to raising capital, finding investors, and setting up merchant accounts with banking institutions.

“Of the 300 respondents to See Change’s survey, 34 percent cite regulatory compliance, not customer demand or securing supply, as the number one challenge, while 24 percent cite securing financing as the most pressing business challenge.” ~ INC Magazine is it possible to open a medical marijuana dispensary without all the headache? … Yes!
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