J & R Releaf | Application Preview
J & R Releaf is seeking government grants to expand its operations into a recreational dispensary. The funding will be used for essential purposes such as construction, security enhancements, acquiring product inventory, purchasing equipment, and covering the required licensing fees.
Given that recreational cannabis use has recently been legalized in the state, and considering there are only three medical dispensaries nearby, J & R Releaf aims to fill a market gap by establishing a dispensary in a high-traffic area. The business believes it can generate revenue for the state while catering to a demand that currently exists.
The location is projected to attract a significant customer base, as potential clients have expressed interest in shopping there once the conversion to a recreational dispensary is complete.
While facing competition from existing local dispensaries, J & R Releaf currently operates as a non-medical entity, which limits its competitive ability in that market. However, it has identified a unique strength in customer service; many visitors prefer its friendly, educational approach compared to the professionalism gap observed in current dispensaries. This focus on customer experience is seen as a distinct competitive advantage.
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General Information
Business Registration Number: 920975351
Location: Struthers, OH, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
I would use this funding to expand my business into a recreational dispensary. Examples would be the construction and security measures to make it the way the state wants it, getting the products to sell and the equipment necessary to run it properly. Also the license fee that is required to be able to operate it.
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Business Plan
Recreational use has just passed in my state and there are only 3 local medical dispensaries in my area. I feel that I could help the state make money by opening this dispensary in the location I am in. I am located at a very heavy populated traffic area. My location is ideal for customers that are looking to purchase the type of product I am looking to sell. I have already had multiple calls and customers say that once I am allowed to be a recreational dispensary they would shop here before going to the other locations in the area.
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Self Identified Competition
I really am not able to compete with the dispensaries in my area due to not being medical. With that being said, I have no other close CBD competitors in my area. My customers that stop in have told me that they would prefer to shop my location due to the lack of professionalism and customer service from the dispensary in my area. I strive to be pleasant and educational to my customers and would make sure that stays top priority.
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Contact Applicant
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