The legalization of marijuana in the US is coming up fast in many states. In facts it’s estimated that within the next few years legal marijuana will be one of the highest revenue collectors of the federal government. Today over 20 state governments have legalized marijuana including the DC.
That can only mean one thing to any business oriented individual, a wide market, high demand, and a profit boomJ. In case you decide to join this lucrative green gold business, here are some of the most dependable expert tips that we collected from the most successful dispensary owners in California.
Quality is the Thumb Rule
Sell only quality products. Get a great supplier. Identify your marijuana products. Show your supplier the standards that you work and let them keep them in mind while supplying. There are very many products that you could sell; marijuana strains, marijuana soda or tea, edibles such as marijuana infused cookies.
Customer Care is Paramount
Show your clients that you appreciate their coming and that you’d love them to come back again. Yes, treat your clients so well they’d love to remain with you all through their time. Here are some awesome tricks you could use.
- Thank your clients personally and ask them to come back again.
- Act on your client’s feedback promptly to show how valuable they are.
- Supply your clients with enough stock so that they don’t miss any product
- Bring in new products on time so that your clients get variety option to go for.
Brand, Brand, and Brand
There are many reasons any business would brand. However the major one is to create a unique identity to their line of business, products, and services. Branding creates more awareness, easily markets your products, creates trust, and allows your clients to identify your products fast. Take your time to brand by:
- Finding the perfect business name.
- Coming up with an easy to identify logo.
- Choosing a trademark or image that sticks in the memory.
Always Work with a Plan
In order to get licensed in the US, most states insist that any marijuana business startup must first develop or produce a well structured cannabis business plan. The plan will show why and how you want to run your cannabis dispensary business, where you want to locate it, what you expect, and many more. Working from a plan keeps you glued on the vision and mission of your company.
Know Your Legal Policy
In many states, marijuana business is still rather new. Additionally it is considered illegal by the federal government. And since there is fear of marijuana abuse, the rules are rather very strict. Because of this you could easily slip, face legal charges, and lose your business just like that! In order to remain on the safe side, work with a legal marijuana lawyer to provide you with timely updates on legal amendments and new laws that supervise marijuana businesses.
Various state governments including Colorado, California, Alaska, Los Angeles, and San Diego have legalized marijuana and are really doing well. This is a great indication that marijuana business can also support the economy.