Marijuana industry has experienced a lot of interest in recent years. However, running a dispensary can imply many complex issues, primarily due to the general constraints that cannabis can entail. For instance, medical marijuana can be recommended, but not prescribed. And there can be many dispensary accessories like that of glass pipes Denver wholesalers sell that are required for the well-functioning of this type of business.
Because of the legal restraints, you may find it difficult to work with bank institutions. Some of these institutions are afraid that they might be charged with money laundering. Because of that, cannabis dispensaries may experience difficulty taking loans.
High taxes represent another issue you may have to deal with, as well as restrictions related to marketing and advertising. For example, you cannot purchase Facebook ads or other similar digital ads for promoting a dispensary.
There are also many requirements and expenses for obtaining a license to run a dispensary. And sometimes even if you have the money for the fee, you may not be able to get a license due to the specific legal situation in your region.
Competition can be really steep. But with all the many challenges, running your own dispensary can still be a success, if you know how to invest in the right type of technology and use the right management systems.