The High Cost of Compliance: Launching a Regulated Dispensary

In this episode, I take a deep dive into the complexities of launching a regulated cannabis dispensary.

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Episode Information
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In this episode of 'Under the Microscope,' host Jenny Germano discusses the complexities and high costs of opening a regulated cannabis dispensary. With over 16 years of operations experience in the cannabis industry, she describes the various stages from licensing to the grand opening, emphasizing the importance of being organized and having an experienced team. She discusses the common pitfalls such as overwhelming tasks, the lack of project management, the financial strains, drinking through the firehose syndrome, compliance issues, and the importance of thorough preparation.

Providing real examples from her consulting work, Jenny urges potential dispensary owners to take compliance seriously and understand their choices and the significant investment required, both financially and in terms of dedication. This episode serves as a comprehensive guide to understanding the real challenges in the cannabis industry, while offering practical steps for aspiring dispensary owners.

🌿 Our Host: Jenny Germano
🌎 https://www.icsconsultingservice.com

⏰ Timecodes ⏰

00:58 The Overwhelming Process of Opening a Dispensary
02:48 Cost Variations Across States
07:43 The Reality of Running a Dispensary
10:40 Financial Challenges and Misconceptions
31:34 The High Cost of Compliance
33:08 Challenges During Construction
34:21 Navigating Inspections and Licensing
36:06 Drinking Through the Firehose
45:20 Building the Right Team
53:00 The Importance of Compliance and Burnout Prevention
54:41 Key Takeaways & Wrap Up

➡︎YT: https://www.youtube.com/@UnderTheMicroscopewithJenny

➡︎Apple, Spotify + More:
https://underthemicroscopewithjennygermano.podbean.com/

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Here are Ways to Work with ICS Consulting & Jenny
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✨Cannabis Business Launch - Get Your Location Open
✨Cannabis License Applications and Specification Writing - Win a License
✨Regulatory and Cannabis Operations Audits - Create a Culture of Compliance
✨Custom Compliance Programs for all License Types - Navigate Federal Standards
✨ Fractional Compliance for all License Types - Compliance Support
✨ Expand into New and Emerging Cannabis Markets - Strategic Compliance Plan

💡 Our mission at Under the Microscope with Jenny Podcast (ICS Consulting) is to help new and existing cannabis operators navigate compliance and regulatory landscape in the cannabis industry.

📅 New Episodes Every Wednesday at 10am MST.