How to Start a Cannabis Dispensary Assessment

You’re probably not going to be able to really establish in any location with less than ___________ and regulated markets with extensive capital requirements.

What is likely to be the single biggest expense when planning to start a dispensary?

In most regulated markets, dispensaries cannot be located within how many feet (or meters) of a school?

Dispensary owners must navigate and overcome various challenges and risks, broadly speaking, these can be categorized into five (5) groups which are __________.

What should the dispensary business plan cover?

Due to the enhanced legal scrutiny of the cannabis industry, dispensaries perhaps depend more on their __________ for success than most other businesses.

What part of the business plan intends to differentiate the dispensary from its competitors?

What is the minimum estimate for the application and licensing fees?

The average customer lifetime value of a cannabis dispensary compared with other businesses is __________.

Which of the following is not one of the four (4) most important initial steps in opening a dispensary?

The area of the business plan where you talk about your business hours, logistics, sourcing inventory, “Seed-to-Sale” inventory tracking, etc. is part of your __________.

Why is manufacturing edibles difficult for most dispensary owners?

Assigning a __________ to all goods in stock is crucial as this represents a significant portion of your current assets in the financial statements of a business and helps you make better decisions as per available funds.

The __________ security of a dispensary is typically composed of a camera system, an alarm system, and an access control system, bolstered with active security personnel.

Most regulated markets in the cannabis industry require traceability of inventory and sales through what type of system?

The demand for extracts concentrates and edibles is increasing.

Due to its legalization in so many places, there is now no stigma attached to the use of cannabis.

How dispensaries can legally advertise and market themselves is highly regulated.

The segmentation of the internal area of your dispensary into “public” and “private” areas is mandated in most areas.

Probably, the single most important relationship a cannabis entrepreneur has is with their accountant.