As the cannabis market in Canada continues its growth, cannabis franchise opportunities could be the access point for companies looking to enter the industry’s retail channels.
A walk down just about any commercial street in North America paints a vivid picture of how large a role franchise businesses play in today’s commercial landscape. Signs for McDonald’s, UPS, 7-11, Travelodge and countless other continent-spanning franchises are ubiquitous sights. It’s not hard to understand why. An entrepreneur can choose to go their own way and build a business from scratch while hoping their own expertise — and luck — will be enough to keep them out of the new business graveyard, or they can tap into the established brand, pre-designed systems, and support network of an existing and time-tested franchise model.
The sheer number of golden arches dotted along a highway is a pretty good indicator that a lot of business owners prefer the latter option. In Canada, a whole new category is about to enter the retail landscape. Since the day Prime Minister Justin Trudeau was elected in 2015, a large number of would-be cannabis entrepreneurs have been looking into ways to grab a piece of this new and exciting — albeit complicated — marketplace. For a lot of these new cannabis players who have the capital but may lack first-hand cannabis industry experience, entering into franchise agreements is an opportunity to step into the business without the potentially business-sinking growing pains and risks.
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Inner Spirit Holdings Ltd. (CSE:ISH) is applying its franchise and retail model to the recreational cannabis industry, using a streaming strategy to establish a chain of dispensaries under its Spiritleaf brand.Send me an Investor Kit
The model makes sense for prospective cannabis Continue Reading