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Dispensary Business Plan Template [Updated 2021]


I. Executive Summary

You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

Business Overview

[Company name] is a cannabis dispensary in the [Location] area that offers high-quality and carefully curated medical and recreational products to its customers that will aid their specific needs and ailments. Putting the welfare and convenience of its customers first, [Company name] makes itself accessible by offering its products and services on site and online.

In [Company name], customers are encouraged to ask questions and learn more about the medical and recreational benefits of cannabis. The company’s staff are experts in cannabis preparation and handling, and well-trained in patient care, thus giving its customers a great experience on their dispensary visits. Its team of researchers make sure that they are up to date with the latest studies and development in the cannabis industry to ensure the safety and welfare of its customers.

Products Served

[Company Name]’s produces products in the following forms:

  • Flower
  • Vape
  • Edibles
  • Accessories
  • Prerolls
  • Concentrates
  • Topicals

It also offers consultation for patients in need of a customized product for specific ailments and conditions.

Customer Focus

[Company Name] will primarily serve the residents who live within the city. The demographics of these customers are as follows:

  • 70,520 residents
  • 1,540 businesses
  • Average income of $52,320
  • 33.3% married
  • 60% in Mgt./Professional occupations
  • Median age: 37 years

Management Team

[Company Name] is led by [Founder’s Name] who has been in the alternative medicine industry for 15 years. While [Founder] has never started a dispensary business before, he has spent years of study and trials on the different cannabis products that he is now producing. He has completed a dispensary technician certification at the Cannabis Training Institute.

Prior to focusing his efforts on cannabis development, [Founder] worked at a pharmacy for 5 years, making him knowledgeable in medical prescriptions. As such [Founder] is well-prepared to manage the dispensary.

Success Factors

[Company Name] is uniquely qualified to succeed for the following reasons:

  • There is currently no dispensary in the community we are entering.
  • We have determined that the demographics of our target location consists of adults who are legally allowed to use cannabis for medical and recreational purposes.
  • Our location is central to the downtown and easily accessible.
  • The management team has a track record of success in the alternative medicine industry.

Financial Highlights

[Company Name] is seeking a total funding of $270,000 to launch the dispensary. The capital will be used for funding capital expenditures, manpower costs, marketing expenses and working capital.

Specifically, these funds will be used as follows:

  • Design/build: $200,000
  • Working capital: $70,000 to pay for Marketing, salaries, and lease costs until [Company Name] reaches break-even

Top line projections over the next three years are as follows:

 Year 1Year 2Year 3Year 4Year 5
Revenue$1,080,000 $2,472,768 $2,830,825 $3,240,728 $3,709,986
Total Expenses$962,000 $1,539,107 $1,719,742 $1,901,321 $2,112,641
EBITDA$118,000 $933,661 $1,111,082 $1,339,407 $1,597,344
Depreciation$25,600 $25,600 $25,600 $25,600 $25,600
EBIT$92,400 $908,061 $1,085,482 $1,313,807 $1,571,744
Interest$29,946 $26,202 $22,459 $18,716 $14,973
Pre Tax Income$62,455 $881,858 $1,063,023 $1,295,091 $1,556,772
Income Tax Expense$21,859 $308,650 $372,058 $453,282 $544,870
Net Income$40,595 $573,208 $690,965 $841,809 $1,011,902
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