Do you want to start a marijuana dispensary business by buying a franchise? If YES, here are 6 best marijuana dispensary franchise opportunities for sale and their cost.
Marijuana has now become one of the fastest growing industries in the United States today. The reason is because marijuana has found more valuable uses in the medical world. Consumers are constantly demanding all types of cannabis and CBD products, thus helping the industry to ride the roller coaster of growth and profitability.
One way the marijuana industry can expand exponentially is though franchising. Businesses in this niche have started to look longingly at franchising as a way they can expand their businesses by using other people’s money (the franchisees).
As financing is difficult to come by in this industry, entrepreneurs who have established a name for themselves in the business have started setting up modalities for franchising. Here are the few franchises you can find in the marijuana/cannabis industry.
6 Best Marijuana Dispensary Franchise Opportunities for Sale and Their Cost
- ONE Cannabis
ONE Cannabis stands out as one of the most popular franchises in the cannabis industry. The company is a vertically integrated cannabis operator and franchisor that is defining the modern retail cannabis experience. ONE cannabis creates a welcoming environment where customers gravitate to their premium products, superior customer service, and attention to detail.
Based out of Denver, Colorado, ONE Cannabis is the world’s most experienced cannabis business franchise system and is providing prospective dispensary and cultivation owners the opportunity to be on the forefront of the budding cannabis industry.
As a franchise, ONE Cannabis eases the barrier to market entry, making cannabis entrepreneurship more feasible to a wider group. Through the franchise opportunities, prospective dispensary and cultivation owners can be on the forefront of the young and explosive cannabis industry with complete confidence by tapping into the expertise of the award-winning team.
- Liquid Capital Required: $750,000
- Investment Range: $750,000 – $2,500,000
- Net Worth Required: $750,000
- Franchise Fee: $100,000
- Miracle Leaf
Miracle Leaf is another profitable marijuana business that offers franchise. The company is seen as a premier medical cannabis health center for Florida residents in search of alternative pathways to healthier living. The company assists their patients from the moment they walk through the clinic door to the moment they receive their certifications for medical cannabis.
Their state-certified cannabis doctors work effortlessly to ensure their patients live happier and healthier lives. Miracle Leaf s offering franchise in some approved states in the United States and Canada.
- Total Investment: $75,000 – $100,000
- Cash Required: $100,000
- Franchise Fee: $50,000
Hobo is a leading cannabis lifestyle brand that’s pushing the socioeconomic shift of medicinal to recreational cannabis. The company aims to set in motion the popularization of cannabis into mainstream culture while proudly practicing progressive and sustainable core values.
Hobo aims to open 15+ franchises in the provinces of BC, Alberta and Ontario in 2019. Their mission has remained to develop strong brand presence across 8 Canadian provinces by the fourth quarter of 2021. Their franchisees have full support from the brand with any high-level facets of operations.
Hob offers their franchisees Lease/property acquisition, licensing, banking, staffing; among other pinch points of a new retail cannabis industry that will all be streamlined. While handling this, their franchisees will be able to focus on their day-to-day business knowing that there’s a team of expert professionals on their side.
- Capital investment – $300,000 – $500,000 CAD
MedMen is leading the pace on the modern cannabis industry, from how facilities are designed and constructed to setting the bar on quality and excellence. Founded in 2010, MedMen is North America’s premium cannabis retailer. Founders Adam Bierman and Andrew Modlin have defined the next generation discovery platform for cannabis and all its benefits.
A robust selection of high-quality products, coupled with a team of cannabis-educated associates cement the Company’s commitment to providing an unparalleled experience. MedMen believes that a world where cannabis is legal and regulated is safer, healthier and happier.
MedMen is not accepting applications for franchisees at this time, so, if you are interested in their franchise and financial requirements, you can contact the company directly.
- Green Man Cannabis
Green Man is well known for its connoisseur grade craft cannabis and many Cannabis Cup wins. Green Man Cannabis of Denver is franchising under the brand ONE Cannabis and wants to target the El Paso County area. Most of the 50 new franchises the company hopes to launch will be undertaken through partnerships with existing independent cannabis dispensary owners.
By joining the franchise and converting into the ONE Cannabis brand, independent owners benefit from ongoing guidance and support from its award-winning team, a proven business model, access to leading industry resources and hundreds of trusted business relationships. If you are interested in this franchise, you should do well to contact the company.
WeGrow runs a business in the marijuana industry, but it doesn’t sell pot. It is a marijuana accessories store. The company sells the paraphernalia needed to grow your own pot, including hothouse kits, irrigation trays, UV lamps, and any other hydroponic accessory you can think of.
There’s even an on-site doctor with the authority to approve medical marijuana ID cards. The company hopes to keep growing the business. New stores are in the works for Colorado, New Jersey Delaware and Oregon, according to the WeGrow website.
- Working capital – $166,000