MEDICAL MARIJUANA DISPENSARY BUSINESS PLAN TEMPLATE
Launched in 1995, the Medical Marijuana Project was established for the purpose of garnering and boosting public support towards non-coercive and non-punitive marijuana policies.
Based on a study carried out in 1999, marijuana was found to possess active ingredients that are helpful in treating pain, nausea and severe weight loss attributed to AIDS.
This article contains a medical marijuana dispensary business plan sample which will be very useful to you in writing a business plan for your medical marijuana dispensary business.
By now, you should have put in place all of the necessary requirements towards starting up your medical marijuana dispensary business.
Here is a sample business plan for starting a medical and recreational marijuana dispensary.
BUSINESS NAME: Bob Charlton Marijuana Dispensary Store.
- Executive Summary
- Our Products and Services
- Vision Statement
- Mission Statement
- Business Structure
- Target Market
- Sales and Marketing Strategy
- Financial Plan
- Sales Forecast
Bob Charlton Marijuana Dispensary Store is a medical marijuana dispensary business that has been duly registered and licensed to practice in Ohio, United States. We will locate our medical marijuana dispensary business in one of the easily accessed areas in Ohio.
Bob Charlton Marijuana Dispensary Store will be owned by Bob Charlton, whose experience will be beneficial to the growth of the business. He will also take the position of the CEO of the business too, and he will contribute a total of $300,000 from his savings and sales of assets. The remainder to make up the capital will, however, be sourced as a loan from the owner’s bank.
Our goal is to raise Bob Charlton Marijuana Dispensary Store to be the largest medical marijuana dispensary store in all of Ohio and be rated as one of the top ten (10) in the United States.
Our Products and Services
Bob Charlton Marijuana Dispensary Store is a marijuana dispensary store that will be concerned with providing top quality products and services to clients not just in Ohio, but in major cities in the United States.
Our focus will be on dispensing medical marijuana and also selling a host of prescription drugs which will be sourced from numerous top quality manufacturers. Other things which we will be offering include:
- Beauty products
- Baby products
- Convenience foods, etc
Our vision in the marijuana dispensary business is to be able to station our marijuana dispensary store as the largest in the whole of Ohio, United States. We want to be renowned as one of the top ten (10) medical marijuana dispensary stores in the whole of America.
Our mission in the industry is to build a renowned medical marijuana dispensary store whose focus will be on providing its customers with medical marijuana and other prescription drugs, both branded and generic.
We have resolved to recruit only the very best employees in the industry. Candidates who will qualify to be accepted by us must be experienced, honest, hardworking, and must be customer-oriented.
So far we have found out that every successful business always has a very strong business structure, hence our aforementioned resolve. The following positions will be occupied by our business organization:
- Chairman executive Officer
- Pharmacy Technician
- Merchandise Manager
- Sales and Marketing Executives
- Accountants / Cashier
- Information Technologist
Here is a list of what makes up our target market:
- Aged men and women
- Expectant Mothers
- Businessmen and women
- Corporate Executives
- Sports people
- Aged ones who have sustained injuries
- Middle-aged people undergoing stress
Sales and Marketing Strategy
This is how we will be going about promoting our medical marijuana store:
- The first and foremost thing we would do is to make sure we send to our prospective customers our introductory letter, alongside our business brochure and fliers.
- We will make sure to use the local media at our disposal to promote our business.
- Also, the social media world will not be left out when it comes to promoting our business, products, and services to prospective customers.
- We will ensure our business is well listed in yellow pages ads.
Source of Startup Capital
Having conducted a feasibility study on medical marijuana business, we have been able to deduce how much capital we will require launching Bob Charlton Marijuana Dispensary Store in Ohio, United States.
We will, however, require an approximate amount of $550,000 which will be sourced from the owner’s savings and sales of assets, as well as from the owner’s bank.
First Fiscal Year $300,000
Second Fiscal Year $550,000
Third Fiscal Year $1,200,000
This article contains a simple medical marijuana dispensary business plan sample, and it has used the business name, ‘Bob Charlton Marijuana Dispensary Store’. The business will be owned by Bob Charlton, who will also assume the position of the CEO.
To start the business in Ohio, a total of $550,000 will be needed, and it will be contributed from the owner’s saving and from his bank.