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

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

Get the capital and purchase your grow operation. That is mandatory with 1284 since you'll be required to grow 70% of your personal medicine. This may also improve your profit margins.

Establish your brand identity in the marketplace. If you haven't committed to marketing materials and your online presence, take action now. The net takes almost a year to permeate and the sooner you start the better. If you want help with the net, send us a contact and we can help with reliable referrals.

Start watching your expenses and have budget each month. This can be something you've had the opportunity to ignore-until now. Market forces are at work, alongside government regulation   marijuana concentrates, that will change the dynamics of the supply and demand curve for the medical marijuana industry.

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

Save your valuable money. You will need the capital for expansion and other opportunities. Dispensaries cannot secure financing through normal business channels. Therefore, you will need to become your own bank.

Create incentive plans for your bud tenders. You'll need to produce your own internal sales culture for your dispensary.

If you want to hire-hire people who know the and can help you sell other products. That is normally called "cross selling." You don't need non-productive employees. In addition, 1284 will impact who you are able to hire because it takes background checks for criminal activity!

Only carry top-shelf products that 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 your frequent buyers. Be creative on how you can keep your patients returning to your dispensary.

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