How to Open a Dispensary in Mexico

The last few years have seen an increase in the popularity of marijuana medical dispensaries in New Mexico. Many people are now starting marijuana dispensaries in New Mexico and you may be wondering how you can join the industry. Well, there are many reasons why you may want to get into the marijuana industry:

• Marijuana is a fast growing industry in New Mexico
• With a marijuana dispensary, you can create your own schedule
• Analysts predict a $10.2 billion marijuana industry by 2018

Here are few tips to help you start a marijuana dispensary in Mexico

·         Hire a lawyer

This is the first and most important step that you need to take when opening a marijuana dispensary. It is recommended that you go for a lawyer that specializes or has experienced in medical marijuana laws. You don’t want to spend years of growing your business only to be caught in a legal nightmare that could cost you a lot of money and your business

·         Familiarize yourself with city laws

Laws differ from one city to another, which is why you want to familiarize yourself with any laws and restrictions that may have been set for medical marijuana dispensaries in your city. Most cities will have zoning requirements that say your dispensary should be located far away from churches, schools etc. It is important that you call the New Mexico State Department to learn more on how you can run a marijuana dispensary in New Mexico.

·         Write a comprehensive business plan

Writing a business plan is a good idea when setting up a marijuana dispensary in New Mexico. You need to do your research well and find out how much you will need as start up cost. For example, find out how much you will need to buy supplies, hire employees, open bank accounts and incorporate your business. You will also need to study your market and evaluate your competition. Determine the current market share being held by your competitors and come up with a plan to wade off the competition.

·         Develop a website

Another thing that you need to do is to develop a website for your marijuana business. The internet has made it a lot easy for people to buy goods online and you shouldn’t be left behind. Take your business online by hiring a professional to design your website. Remember that first impression is very important and your website is a reflection of the quality of marijuana you are offering. Make sure that you have a professional and clean website.

·         Marketing and advertising

Now that you have a lawyer, a business plan and website in place, you need to complete another important step and that is marketing and advertising your business. No one knows your business by now and the last thing you want is a business that doesn’t sell. You should also find as much information as possible on how to open a dispensary in Mexico.

When you decide to join the marijuana industry, it is important that you learn what is required so that you don’t end up in big trouble. Familiarize yourself with your state laws first.