Let’s face it, there are a lot of vendors in the cannabis industry and what is best today may not be what is best tomorrow. Selecting the right vendors can have a major impact on a dispensary’s customers and the overall business. Therefore, conducting research beforehand is key to avoiding as much potential headache later on as possible.
In this post, we dive into a few of the general considerations Feel State takes into account when selecting vendors. While not a perfect system, it has helped us (and others) and taught us a few lessons along the way.
Questions to Consider: Where do the vendor’s values lie? How does the vendor treat its employees? Do the employees like working for this vendor?
Items we Look For: Vendors with core values rooted in integrity, honesty, and transparency are preferred as those align with what Feel State believes in. An additional strong attribute are those who take care of their employees including empowering them to obtain personal and collective ownership over the business.
Relationship Management Style
Questions to Consider: How does the vendor conduct themselves over email, through text communication and/or in person? Are they professional? Do they seek to make a positive impact