Both U.S and Cannabis now accept the sale and use of recreational and medicinal marijuana but with terms and conditions, of course. This development has resulted in a massive boom in the cannabis industry, and many entrepreneurs looking to exploit this business opportunity will have to navigate myriads of regulations and restrictions.
Today, more than 95 percent of all people in America reside in regions that accept the use of marijuana in some form. So it is no surprise that new cannabis businesses such as grow operations, dispensaries, and distributors are popping up everywhere.
If ever you’ve dreamt of starting a profitable business in a budding industry, this might be the right time. But before opening a cannabis dispensary, here are five tips you need to learn.
1. Target And Segment Your Audience
Unlike most small business owners who believe it to be the best way to position their dispensaries, you need to begin by clearly cutting out a specific niche. It’s a bad idea to try and sell every product irrespective of the price point and customers you want to attract. Initially, this type of technique may seem like the best way to attract more potential buyers. However, it’s