My partner and I opened a medical marijuana facility last July… At the time, we decided to rent a building in a cheap neighborhood.
All of us did not recognize if the supplier was going to do well or not and we couldn’t afford to spend $6,000 a week on a rental; Luckily, the medical marijuana facility did very well, especially in the start; During the first more than five weeks that we were open for business, the dispensary was filled with patience.
All of us hired a doctor to consult on medical cases and approve medical marijuana cards in the building; The doctor was busy everyday and he eventually demanded more currency for the same task, when we couldn’t spend money the fees, we had to stop offering the service. That’s when our sales started to decrease. After another more than two weeks, my partner and I were losing currency writing that. All of us hired a cannabis supplier consultant to look at the supplier and tell us what we were doing wrong. The cannabis supplier consultant commanded relocating to a new facility in a higher traffic area. All of us were spending a fortune on advertising and the numbers did not make sense. The supplier consultant felt that we would do more supplier on the east side of town, closer to the hospital and all of the doctors offices. The advice was absolutely helpful, however that was something we didn’t anticipate hearing… Now we have a lot of things to consider before we move to the next step. All of us have a lot of clients in this area, and I’m not sure picking up and moving is the best answer.