“The demand for cannabis products is rising to unprecedented levels and record sales” | Global Franchise
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Saturday 26th November, 2022

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“The demand for cannabis products is rising to unprecedented levels and record sales”

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“The demand for cannabis products is rising to unprecedented levels and record sales”

Unity Rd. is perfect for entrepreneurs looking to diversify their portfolio

Unity Rd. is perfect for entrepreneurs looking to diversify their portfolio.

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The cannabis industry is poised for considerable expansion across several new markets in the coming years and hungry multi-unit franchisees have taken notice.

This year alone, five U.S. states – Alabama, Connecticut, New Mexico, New York and Virginia – have created new medicinal or adult-use cannabis markets with several others expanding their existing programs. With the industry projected to reach $100bn annually by 2030, according to top industry analysts at Cowen, now is the time to grab a piece of the pie.

NEW MARKETS BRING MORE BUSINESS OPPORTUNITIES

With the unparalleled growth of cannabis, being among the first to pull up a seat at the table is a paramount advantage. More people are consuming cannabis than ever before, and the increased demand and consistent expansion of legal U.S. cannabis markets are fueling the industry’s growth.

Cannabis has become a staple in the lives of many Americans, and the industry has the numbers to back it up. Nearly 70 per cent of Americans support marijuana legalization, according to Gallup.

As states continue to legalize cannabis in one form or another, more opportunities are available for entrepreneurs interested in getting in on the ground floor.

MULTI-UNIT OPERATORS HAVE THEIR EYES ON CANNABIS

U.S. cannabis dispensary franchise, Unity Rd., has seen a surge in interest over the past 12 months from the multi-unit audience. Its VP of franchise development, Justin Livingston, said, “multi-unit franchisees want to diversify with fresh franchise concepts that boast high return potential. They want to ride the top of a wave that is only going to continue growing and, for many, cannabis checks that box.”

Unity Rd. provides the know-how, resources and ongoing support needed to compliantly and successfully open and operate a dispensary. For industry newcomers, it’s the easiest market entrance in a complex industry that’s bursting with potential. Franchisees who have signed on with the industry pioneer know that the chances of success increase exponentially when you have a team of experts with you every step of the way.

The Unity Rd. team has a combined 120-plus years of cannabis experience. With backgrounds in multiple cannabis markets, they guide franchise partners through every operational function of the business, whether it be securing a license or assisting with cash flow, product selection, or changing regulations.

“The demand for cannabis products is rising to unprecedented levels and record sales”

The Unity Rd. team will be exhibiting at the Multi-Unit Franchising Conference in Las Vegas this August to meet directly with interested multi-unit franchise professionals.

THE FUTURE IS BRIGHT FOR LEGAL CANNABIS

Federal legalization is great for consumers, but it also opens opportunities for a free market. As states continue to broaden their markets, Congress has taken notice and recently introduced bills aimed at removing federal hurdles for cannabis businesses.

The SAFE Banking Act, for example, is designed to block federal regulators from punishing financial institutions that choose to provide services to cannabis companies, their owners, and their employees. When the SAFE Banking Act or a similar banking bill is passed, it will make it easier for cannabis businesses to operate and will create more accessibility to financing and traditional banking. Momentum will likely lead to the continued passage of bills to legalize cannabis across the nation.

The demand for cannabis products is rising to unprecedented levels and record sales. The coming months and years will undoubtedly bring additional cannabis law reform at the state and federal levels – opening even more opportunities.

AT A GLANCE UNITY RD.

Established: 2018

Number of franchised outlets: One, franchise partner-owned

Locations of units: U.S.

Investment range: $1m – $2.5m

Minimum required capital: $1m

Contact: opportunities@unityrd.com

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