Finding that perfect location is imperative to success
From mom-and-pop shops to corporate chains, everyone in the retail business knows that a carefully chosen location is key to success.
The cannabis industry is no exception.
Although regulatory requirements, license availability and market demand will vary from place to place, marijuana and hemp retailers on the hunt for a killer location might benefit from:
- Understanding both immediate local markets and regional trends.
- Creative thinking to find underserved locations—particularly for smaller players.
- Carefully considering the potential benefits and drawbacks of buying versus leasing.
- Identifying future markets before local officials start writing ordinances, then engaging early.
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