DENVER, July 17, 2019 /PRNewswire/ PRESS RELEASE - On the heels of another Midwest state legalizing cannabis, an industry-wide franchisor is making moves and building its presence in the region with expansion into Missouri and several deals in the works in Illinois as well as other states across the country.
ONE Cannabis, a multi-state franchisor and vertically integrated cannabis operator, announced today that it has entered into management consulting agreements with Missouri residents for development of the franchise in the St. Louis, Missouri, area.
"Transformational growth is on the horizon for the Midwest, and the players who are going to win are the ones who take the opportunity to prepare for entry now and look to the guidance and support of a seasoned franchise to help navigate the complicated rules of cannabis market entry," said ONE Chief Operating Officer Mike Weinberger, who has nearly two decades of franchise industry experience. "Think of legalization as the gunshot that kicks off a race – you have to wait for the signal to start, but that doesn't mean you show up without your shoes."
ONE Cannabis will be presenting its franchise opportunity in Chicago July 17-19 at the Arcview Cannabis Investor Forum – an exclusive event for institutional and accredited investors interested in the cannabis space. In addition to meeting with prospective franchisees at the ONE Cannabis booth, Weinberger will be giving a 20-minute presentation on Friday, July 19 at 11:20 a.m. CT about the ONE Cannabis franchise opportunity.
He will also be speaking on a panel Friday at 9 a.m. CT titled, "Bigger is Better: Scale to Success." The discussion will highlight how multi-state & international operators execute ambitious business plans, the challenges and rewards of scaling across state & international borders, in what instances vertical or horizontal integration is desirable and outlook on industry consolidation. Weinberger will share how franchising can be utilized as a vehicle to drive growth, and how the franchise model can be adapted to meet the needs of cannabis applicants nationwide.
"If you're entering cannabis as an industry newcomer, partnering with a franchise [ONE Cannabis] puts you worlds ahead of the competition," Weinberger said. "Rather than figuring everything out on your own, you have a proven playbook in hand that has been tried and tested in legal cannabis for over 10 years, as well as a partner who are invested in your success and guiding you every step of the way. Cannabis is complicated. We simplify it for our franchise partners so they can focus on scaling and enhancing their investment."
