Planning on starting a marijuana delivery service? In the last few years, the cannabis industry has witnessed exponential growth. As the restrictions have eased on the use of weed, there is a huge demand for delivery services to cater to consumers far and wide. Many cannabis retailers are opting for the popular e-commerce option such as home delivery.
Without a doubt, it is a total game-changer for the dispensaries. These smaller storefronts now have the option to sell weed to nationwide consumers. Cannabis businesses with low capital can increase their profits within a short time.
How to Start a Marijuana Delivery Service for Dispensaries?
While starting a delivery service is a sure way to increase profits, tight legal restrictions may make it difficult for the owner to get the business up and running. Also, the dispensary owner has to thoroughly research local laws and zoning restrictions. If you are not aware of the tight legal restriction, you may have to pay hefty fines in case of a small mistake.
Devise a Delivery Strategy
Developing a comprehensive delivery strategy is an important step before starting any business. First off, thoroughly research cannabis delivery vancouver compliance and make sure to follow it. Prepare a business plan to understand how you plan on starting and expanding the business.
Plus, determine the type of delivery service you want to go for. For instance, whether you want to be a courier company for existing local dispensaries or plan to open an e-commerce store. Evaluate the data available regarding your customer base and the profits generated from online and in-store sales.
Determine Delivery Radius
Once you have developed a good strategy and learned the tricks to make it successful, set the operating location. Regions, where medicinal and recreational marijuana is legalized, will likely have a huge user base. Target those areas first instead of delivering far and wide.
Expenses will increase as the distance increases, hence, it may prevent the owner from achieving the desired goals. Alternatively, you can choose regions where there are only a few cannabis stores and plenty of desperate consumers.
Obtain a Delivery License
It is impossible to start a business without a license and necessary permits. If you decide to operate a delivery service without a license, you will be liable to pay hefty fines. Each delivery driver must carry a copy of the delivery permit to show it to relevant authorities when asked. Get help from a professional to know about the application and approval process.
Inventory
Dispensary owners do not have to buy additional stock initially for managing anticipated orders. However, since you are including delivery service in the business model, you may have to change the store layout and separate the inventory reserved for online orders. Learn about the popular cannabis products in your delivery to estimate the inventory.
Hire delivery staff responsible for packing delivery orders and processing transactions. Get help from a reputed POS system to track inventory and deliver orders quickly.