Local entrepreneur receives approval to begin construction on one of Garden State’s first newly licensed dispensaries; The national franchisor of American dispensaries is expanding into a fourth American market
FRANKLIN TOWNSHIP, NJ, January 11, 2023 /PRNewswire/ — Unity Rd., the first true national cannabis dispensary franchise in the US, announced today that the brand is officially entering the Garden State. Local Unity Rd. shop owner and entrepreneur, Dishon Patelreceived approval for a recreational business license from the state New Jersey and the municipality Franklin Township in Somerset County to open and run a new cannabis business.
This approval is among the first recreational business licenses the state has granted outside of existing medical cannabis businesses that were converted after the state legalized the sale of recreational cannabis. Franklin Township Unity Rd. it is expected to open in the first half of 2023.
Patel has spent the past decade in private equity investing in consumer-facing brands, including several restaurant concepts that use a franchise business model. He previously bought brands and transformed them into franchise companies.
“I was looking for next-generation business opportunities in hyper-growth industries that I had a passion for,” said Patel, admitting that 28 billion dollars The US cannabis market is on its way to reaching 46 billion dollars by 2026 “I know how to run a retail business, but the cannabis space is complex. I needed a direct path to mitigate barriers to entry and set myself up for success while making decisions with confidence.”
The company signed a licensing agreement with Patel as a vendor contractor, stating that it will provide him with consulting services in real estate, licensing, compliance, operations, product sourcing and marketing, among other things.
Patel continued, “With the Unity Rd. team guiding me every step of the way, I can lend their expertise to manage and grow my future dispensary while keeping my attention focused on what matters most – providing my neighbors with a reliable local source of cannabis to can rely on New Jersey community.”
While New Jersey’s The Medicinal Cannabis Program has been in place since 2012, the legal recreational sale of cannabis in the state was launched April 21, 2022almost in total 1.9 million dollars first day. In the first ten weeks, the market hit hard 80 million dollars in legal sales and reached 4.6 million dollars in tax revenues, according to New Jersey’s Cannabis Regulatory Commission.
“Unity Rd. seeks to empower entrepreneurs who understand the intricacies that come with cannabis, but also believe in the potential benefits and growth opportunities this space brings,” said Unity Rd. CEO, Mike Weinberger. “Being able to go to market with a dedicated local entrepreneur like Dishen, who understands the inner workings of the business model, will simplify the process of running a compliant and successful cannabis business while positively impacting the community.
Patel joins three additional business groups that have signed contracts with the company to develop Unity Rd. stores across New Jersey and are currently in various stages of development.
Weinberger added, “As the legal cannabis market continues to grow, ambitious entrepreneurs are witnessing the birth of a whole new industry filled with incredible opportunities, but the early bird opportunity won’t last forever.”
Cannabis is a highly regulated industry with laws that vary from state to state and change by the day. These market conditions make it almost impossible for newcomers to enter the industry – let alone run a successful business. Unity Rd. breaks down those barriers, helping independent business owners bring the benefits of a growing industry to their hometown to strengthen their communities, invest in local programs and build legacies.
To learn more about Unity Rd. franchise opportunity, contact [email protected], call 720-923-5262 or visit unityrd.com.
ABOUT THE UNITY OF RD.:
Unity Rd., a cannabis dispensary franchise from Item 9 Labs Corp., bridges the two previously unrelated worlds of cannabis and franchising. The industry pioneer is the first to bring the cannabis dispensary franchise model to the United States – with dual strengths in both industries to back it up. Built after a collective 200 years in the legal cannabis and franchising industry, the company helps aspiring operators enter the complex industry with ease. The marijuana franchise pioneer offers its partners the knowledge, resources and ongoing support needed to run a compliant and successful dispensary. Launched in 2018, Unity Rd. has four stores open across the US along with multiple contracts signed with 20 entrepreneurial groups developing the brand in more than 10 states. In 2021, Unity Rd. became the first member of its kind to join the International Franchise Association (IFA), cementing its position as the first true cannabis dispensary franchise in the US. The franchise was also named one of the “Best Cannabis Companies to Work For” in the dispensary category Cannabis Business Times’ Lists for 2022 and 2020. For more information, visit unityrd.
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SOURCE Unity Rd.