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.
