INDUSTRY KNOWLEDGE & APPLICATION PLANS
Our course module on Industry Knowledge and Business and Operating Plans ensures you have the proper materials to help secure a cannabis dispensary license.
Most states require proposed Business and Operational Plans which account for at least 50% of your application and can ultimately decide whether you win a dispensary license.
These business plans account for at least 50% of your application and is ultimately what wins you your dispensary license. In a competitive market, where the state is only issuing a limited number of dispensary licenses, Business and Operational plans are tied to a scoring matrix developed by the state. Ultimately, the highest scoring applicant wins. If the state is only issuing 40 dispensary licenses, and there were 200 applicants, the top 40 applicants will be issued a dispensary license. See below example of a scoring matrix.
Most states with an unlimited number of licenses, may not require an applicant to submit Business and Operational Plans during the preliminary application phase, however, the local municipality (city/county/township, etc.) will likely request them prior to granting approval to operate. Whether it is sooner or later, you will eventually need these plans.