Unity Rd. Franchise Helps Entrepreneurs Navigate the Advanced Hashish Business – FranchiseWire

VP Justin Livingston Particulars the Advantages and Challenges of Proudly owning a Hashish Enterprise

Now that hashish is authorized in lots of states, there’s a world of alternative for entrepreneurs to get in on a booming trade. LA Weekly stories that the hashish trade may attain $100 billion in gross sales by 2030. However navigating the complicated hashish trade isn’t any straightforward process. The highly-regulated trade is continually evolving and altering. Due to franchising and Unity Rd., it’s simpler to start out a hashish enterprise with a confirmed mannequin and the help of an skilled franchise staff.

Justin Livingston is the vp of franchise growth for Unity Rd., the nation’s first hashish dispensary franchisor. He’s captivated with giving trailblazing entrepreneurs the chance to construct wealth and discover monetary independence by way of Unity Rd.’s one-of-a-kind alternative. Right here, he discusses the challenges and rewards of navigating the thrilling new world of hashish. 

What Does Monetary Freedom Imply to You?

In a phrase — freedom. Freedom means various things to totally different folks however selecting a path to monetary independence is a life-changing, and infrequently a legacy-changing, determination. Monetary independence may give people the prospect to pursue passions, be a extra current dad or mum and/or partner, get entangled of their group, journey or no matter is essential to the person. For me, I see monetary independence as a ticket to dwell your finest life, to work in the direction of the very pursuit of happiness. To me, monetary independence means discovering your calling and dwelling life in an intentional approach that’s not reliant on others to offer you their permission to dwell out your dream.

How Does it Really feel to Assist Others Attain Monetary Independence by way of Unity Rd.?

It’s extremely fulfilling. We first launched our franchise alternative in January 2018 [then as ONE Cannabis] and have labored tirelessly to develop a dispensary franchise mannequin robust sufficient to attain what others haven’t been in a position to do — develop throughout the U.S. Immediately, we now have outlets throughout Colorado, South Dakota, and our first New Jersey location will probably be opening this summer time. It has been actually gratifying to see our franchise companions confidently function dispensaries of their native communities. Seeing their success and the life they’ll dwell in addition to listening to their optimistic buyer interactions makes this all price it.

How Does Unity Rd. Set Franchisees Up for Monetary Independence?

The hashish trade is excessive stakes. Missteps might not solely impression your backside line — they’ll put you out of enterprise. As a franchisor, we’re not simply guiding our franchisees, we make them an knowledgeable of their enterprise, giving them the arrogance to make selections on the spot and the safety in realizing their questions might be answered on the push of a button.

We’ve gathered among the brightest people from hashish and franchising to create a complete highway map that’s backed by our information gained from years of arduous work and encountering impediment after impediment to map out the most secure path to success.

What are the Largest Challenges and Rewards for Unity Rd. Franchisees?

In contrast to a standard brick-and-mortar franchise, potential Unity Rd. store house owners don’t dive instantly into websites choice and the development course of; they first have to undergo licensing to safe a dispensary license of their focused space.

Our devoted licensing staff holds your hand all through all the course of, which may take anyplace from 9 to 18 months. Whereas we now have a strong observe report of success in securing dispensary licenses, the end result of being awarded a license is in the end exterior our management. However it’s not a one-shot alternative — if a state or municipality turns down a potential franchisee, we’re proper there by their facet discovering the following finest alternative for a future Unity Rd. store.

To enter a market extra rapidly, we now have a number of franchise companions who’re taking a look at buying an present dispensary, like our Unity Rd. Boulder store proprietor did again in 2021. Since changing the prevailing dispensary into Unity Rd. and reopening in June 2021, the Unity Rd. Boulder store has elevated gross sales 48% and the variety of transactions by 77%.

How Does the Unity Rd. Workforce Assist Franchisees by way of the Obstacles of Hashish Laws?

Advanced rules make for costly enterprise operations in hashish, which is why many dispensaries are operated by massive firms with the funds to have an all-star staff on their bench. We’re frequently connecting with our franchisees’ native hashish regulatory our bodies to substantiate we perceive the foundations and have an exterior occasion we work with as an added layer to make sure compliance. With our Unity Rd. help staff guiding franchise companions on methods to compliantly adapt operations, advertising, and many others. to satisfy necessities, they’re in a position to focus their time and power on supporting their staff and group.

For extra details about Unity Rd., go to https://www.franchise.unityrd.com/.