In this episode of 'Under the Microscope,' host Jenny Germano discusses the complexities and high costs of opening a regulated cannabis dispensary. With over 16 years of operations experience in the cannabis industry, she describes the various stages from licensing to the grand opening, emphasizing the importance of being organized and having an experienced team. She discusses the common pitfalls such as overwhelming tasks, the lack of project management, the financial strains, drinking through the firehose syndrome, compliance issues, and the importance of thorough preparation.
Providing real examples from her consulting work, Jenny urges potential dispensary owners to take compliance seriously and understand their choices and the significant investment required, both financially and in terms of dedication. This episode serves as a comprehensive guide to understanding the real challenges in the cannabis industry, while offering practical steps for aspiring dispensary owners.
🌿 Our Host: Jenny Germano
🌎 https://www.icsconsultingservice.com
⏰ Timecodes ⏰
00:58 The Overwhelming Process of Opening a Dispensary 02:48 Cost Variations Across States 07:43 The Reality of Running a Dispensary 10:40 Financial Challenges and Misconceptions 31:34 The High Cost of Compliance 33:08 Challenges During Construction 34:21 Navigating Inspections and Licensing 36:06 Drinking Through the Firehose 45:20 Building the Right Team 53:00 The Importance of Compliance and Burnout Prevention 54:41 Key Takeaways & Wrap Up
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