By: Unity Rd., ONE Cannabis | 0 Shares 23 Reads
Powered by ONE Cannabis Group, the Cannabis Franchisor is Partnering with Existing Dispensary Owners and Industry Newcomers Alike to Build A National Community of Local Entrepreneurs
March 10, 2020 // Franchising.com // DENVER – Despite a slowdown in the national cannabis market, a Colorado-based franchisor continues to charge the industry forward with a narrow focus on building a national community of local cannabis entrepreneurs. Unity Rd., the first U.S. company to bridge the gap between cannabis and franchising, announced today an aggressive growth strategy to keep dispensaries locally owned and operated.
Unity Rd. is seeking a variety of partnerships in states where adult-use (recreational) and medicinal cannabis are legal, including:
Independent dispensary owners that may benefit from systems built from over a decade of operations to help run more efficient, compliant and profitable stores; Independent dispensary owners looking to pass off local ownership to another entrepreneur; and Entrepreneurs interested in entering the industry by purchasing an existing independent dispensary and rebranding as part of the Unity Rd. family.
As part of these development efforts, Unity Rd. entered a new franchise agreement with a dynamic father-son team from Iowa, who will be moving to Colorado to operate their Unity Rd. dispensary. The franchisor connected the group with a Colorado dispensary that was interested in selling their business. Currently, the two teams are in the midst of finalizing the deal.
In the year ahead, the cannabis franchise expects to introduce many more groups to dispensaries looking to sell – helping local entrepreneurs make a successful exit and bringing new entrepreneurs into the cannabis industry. Unity Rd. also anticipates partnering with other independent dispensaries that would benefit from the added guidance and resources that are typically reserved for larger multi-unit operations.