| Date Completed |
Item |
Description |
|
Assess the Risks |
Before you even begin, assess the risks. What you are planning can be
dangerous. |
|
Check the Local Situation |
Make sure you know what is happening in the local community and the attitudes
towards medical marijuana. |
|
Business Plan |
You will need a business plan, just as you would for any other kind of
business. It will give you a good idea of the tasks and problems ahead of you. |
|
Owner's Salary |
You will need to have a clear idea of what you need in terms of minimum salary. |
|
Cash Reserves |
New businesses never go completely smoothly. You will need cash reserves as a
safety measure. |
|
Choosing a form of business |
You will need to choose a form of business - sole proprietorship,
partnership, corporation, or non-profit coooperative |
|
Bank Account |
You will need a business checking account. |
|
Doctors |
You will need a list of the cannabis-friendly doctors in your area. |
|
Basic Forms and Procedures |
You will need some basic forms to register a patient or caregiver. You will
also need specific procedures for your clerks to follow in registration. |
|
Local Business License |
Most communities require a local business license before
they will allow you to operate.
|
|
Food License |
If you are going to be selling edibles, then you will probably need a food
license.
|
|
Web Site |
You will probably want to have a web site for your business.
|
|
Sales Tax Permit |
You will need to collect sales tax on your sales and send it to the state.
|
|
Store lease |
You will need to find a suitable location with an agreeable owner.
|
|
ATMs and Credit Cards |
You will do more business if you can accept ATM and credit cards.
|
|
Store Refurbishing |
Before you move in you will need to make various
improvements to your store. |
|
Steel doors and grates |
In some locations stores may be required to install steel doors as a security
measure.
|
|
Video surveillance |
Invest heavily in video systems. They are your best bet for security.
|
|
Burglar alarm systems |
You will need an effective burglar alarm system.
|
|
Insurance |
You will need general liability insurance for your business.
|
|
Computer |
You will need a computer for basic functions like inventory and cash
management, and also for verification of patient records.
|
|
Refrigerator |
A refrigerator is essential if you will be selling edibles.
|
|
Display cases |
Most stores have one or more glass display cases to display their products.
|
|
Advertising |
You will need to advertise your store to the general public.
|
|
Utility deposits |
You may need to place cash deposits with your local
utility companies in order to establish a business account.
|
|
Phone and Internet |
You may need to pay deposits and other expenses to have telephone and internet
services installed
|
|
Clerks / Managers |
If you are hiring employees, you will need to advertise for employees, do
background checks and incur other expenses related to hiring.
|
|
Payroll Services |
You don't want to do payroll yourself. Make arrangements with a payroll service.
|
|
Opening and Closing Routines |
You should have a planned and written routine for how you open and close your
business every day.
|
|
Armed Guard(s) |
Many establishments have armed guards. You will have to decide whether you feel
you need them.
|
|
Legal |
You will have many legal issues before you. Get an attorney who knows what he is
doing in this field.
|
|
Inventory (Marijuana) |
You will need a stock of inventory on hand to start your marijuana store.
|
|
Packaging Materials |
You will need plastic medicine bottles, plastic envelopes, and similar
materials to package your retail items.
|
|
Smoking Accessories |
Smoking accessories and related items can provide additional revenue.
|
|
Furniture |
You will furniture for your club.
|
|
Cash and Inventory management system |
You will need a system to keep track of both cash and inventory.
|
|
Scales |
You will need scales to weigh your products
|
|
Safe |
You may want to consider get one or more safes for the business.
|
|
Logos, signs, and graphics |
You will probably want to get a formal business logo.
|
|
Business cards and brochures
|
You will want to have business cards printed, as well as larger cards and
advertising brochures. These items are cheap advertising.
|
|
Automobiles |
Are you going to be buying or leasing any automobiles for use in the
business?
|
|
Miscellaneous items |
You will need miscellaneous office items.
|
|
|
Photocopier/Fax |
You will need a photocopier and other basic office equipment. |
|
|