Top 10 Tips For Colorado Medical Marijuana Dispensaries Facing HB 10-1284

If HB 10-1284 passes medical marijuana dispensary owners need to take action now by doing some of the following:

Find the capital and spend money on your grow operation. This really is mandatory with 1284 since you'll be required to grow 70% of your personal medicine  marijuana concentrates. This will also boost your profit margins.

Establish your brand identity in the marketplace. In the event that you haven't dedicated to marketing materials and your web presence, take action now. The internet takes many months to permeate and the sooner you start the better. If you need assistance with the net, send us a contact and we are able to assistance with reliable referrals.

Start watching your expenses and have budget each month. This might be something you've been able to ignore-until now. Market forces are in work, along side government regulation, that'll change the dynamics of the supply and demand curve for the medical marijuana industry.

Implement inventory management controls that'll enable you to effectively manage your inventory and product sales. You don't need inventory disappearing or sitting idol. It needs to be sold.

Save your money. You might need the capital for expansion and other opportunities. Dispensaries are unable to secure financing through normal business channels. Therefore, you'll need to become your own personal bank.

Create incentive plans for the bud tenders. You will need to generate your own personal internal sales culture for the dispensary.

If you need to hire-hire individuals who know the and can help you sell other products. This really is normally called "cross selling." You don't need non-productive employees. Furthermore, 1284 will impact who you can hire because it takes background checks for criminal activity!

Only carry top-shelf products which are high quality. The medical marijuana patient today is seeking quality and consistent delivery of the exact same type of medicine.

Offer rewards and discount programs for the frequent buyers. Be creative on ways to keep your patients finding its way back to your dispensary.

Secure your web visitors by obtaining their permission to advertise them through the net via Twitter, Facebook, and newsletters. More dispensaries is going to be fighting over the exact same customers.