Owners had been in business for 5 years and started as medical and transitioned into rec last year. They were one of the first to be fully rec and became trapped by a supply shortage from October onward.
The supply shortage ensued because of the stipulations regarding who could supply what products via their different licenses thanks to the regulation change from med to rec, and because of new, more strict testing requirements that no one could seem to pass. There were days at a time when the dispensary would have little or no product to sell for many SKUs. They lost thousands of dollars in revenue over 5 months before supply finally stabilized.
I flew out to meet the group of owners to see the dispensary and to spend 3 days engaging with them and learning more about what their goals were. We developed the framework of what would eventually become our plan: a mixed use facility including greenhouse and indoor cultivation space, BHO & CO2 extraction and processing areas, a kitchen, analytical testing lab, and enough size and scale to white label others’ products.
Their committed investor wanted to see as much automation as budget would allow, since they were looking to be in it long term and were setting themselves up for continued expansion.