DENVER – As more states legalize the use of cannabis and the public’s perception of the nation’s most controversial plant normalizes, the industry could be seeing revenues nearing $300 billion annually. Only a $6 billion industry today, it’s no wonder so many are looking to get in on the “green rush” and cash in big. The problem: most lack the industry know-how to successfully operate a cannabis business.
Industry newcomers and existing owners are in luck. The seasoned entrepreneur behind Green Man Cannabis—one of the best cannabis dispensaries in the nation, well known for its connoisseur grade craft cannabis and many Cannabis Cup wins—is looking to save others from making the countless, million-dollar mistakes he made with the launch of his new franchised brand ONE Cannabis.
Christian Hageseth has more than 20 years of experience in the business world and nine years in the legal cannabis industry. With the success of Green Man Cannabis’ products and retail dispensaries, Hageseth is focused on building the world’s most powerful cannabis business franchise system with ONE Cannabis.
“The cannabis industry is following the same path as alcohol; we’re in the early years, right after Prohibition ended,” said Hageseth, CEO of ONE Cannabis, adding that the industry currently sees annual revenues around $50 billion when including illegal sales. “Those looking to open their own dispensary can be on the forefront of the nascent industry with complete confidence by tapping into the expertise of our award-winning team and the proven systems we’ve perfected over the years. We hope to help people compliantly operate their business, without having to learn the expensive lessons of growing a cannabis dispensary.”
ONE Cannabis is interested in expanding nationally through strategic franchise partnerships. The brand seeks prospective entrepreneurs interested in breaking into the industry, as well as people who have already obtained a dispensary license and independent cannabis dispensary owners who seek guidance & ongoing support from a trusted industry source.
In its home state of Colorado, ONE Cannabis expects to have 50 locations within the next 36 months. While the franchise currently has opportunities for new locations with retail sites already identified in Denver and Frisco, a majority of its Colorado franchises will be with independent dispensary owners.
Hageseth said, “There are 500-plus dispensaries spread across Colorado, and more in Denver than Starbucks, McDonald’s and 7/11 locations combined. A good handful of these are generating revenues far below the industry average. That’s why we’re offering to convert independent dispensaries into ONE Cannabis. Joining our franchise allows these entrepreneurs to learn from our best practices and benefit from our relationships so they can truly see their business’s potential.”
With nine years of experience in the legal cannabis industry and decades of retail & franchise experience, the ONE Cannabis team has hundreds of reliable partners. The company’s Vice President John Darwin said, “Many suppliers steer clear of working with businesses in the cannabis industry, since it is not federally legal, which makes it challenging for those new to the industry. As a ONE Cannabis franchisee, you don’t need to figure out how to talk to a landlord or secure a bank account because we know the best partners to work with. We have hundreds of vetted business relationships, so you only need one – us.”
Prior to signing a franchise agreement with ONE Cannabis, all prospective franchise owners must obtain a dispensary license. ONE Cannabis works with American Cannabis Partners, a cannabis consulting agency that helps prospective retail dispensary owners obtain these licenses, among other services. Experts in the application process, their team works closely with applicants to complete all necessary forms – making sure the proper information is provided.
Those interested in becoming a ONE Cannabis franchisee should have access to $330,000 in liquid capital. Franchisees may be owner-operators or passive owners with a designated, experienced manager running operations.
ABOUT ONE CANNABIS:
Founded on the proven business model perfected by Christian Hageseth and his vast industry experience, ONE Cannabis is the world’s most powerful cannabis business franchise system. Through its franchise opportunity, prospective dispensary and cultivation owners can be on the forefront of the nascent cannabis industry with complete confidence by tapping into the expertise of its award-winning team and their best practices. Based out of Denver, ONE Cannabis is founded by the company’s CEO, Hageseth, who was named an “Industry Trailblazer” by High Times magazine in 2015. His entrepreneurial journey in the cannabis industry is chronicled in his book: Big Weed: An Entrepreneur's High-Stakes Adventures in the Budding Legal Marijuana Business. For more information about the ONE Cannabis franchise opportunity, visit http://one-cannabis.com/.