Wallace Distributions LLC | Application Preview
Wallace Distributions LLC is seeking government grants to launch a recreational marijuana dispensary in Arizona, focusing on filling a gap in the local marketplace following the recent legalization of recreational marijuana. They plan to use the funding for various startup costs, including location rights, compliance, licensing, professional fees, equipment purchases, inventory, staffing, and marketing, totaling approximately $430,000.
Their business strategy includes expanding into key markets such as Tucson, Flagstaff, Phoenix, Yuma, and even extending into Montana cities like Billings, Butte, and Great Falls. Additionally, they aim to establish an online store to sell to other dispensaries and customers in states where marijuana is legal, as well as producing their own proprietary edibles and specialty marijuana strains.
The company highlights its competitive advantage as being the first exclusively recreational marijuana retailer in Arizona, distinguishing itself from existing competitors that primarily operate as medical marijuana dispensaries. Wallace Distributions intends to capitalize on the lack of recreational dispensaries in Yavapai County, which has a population of about 235,000, including a significant demographic of potential consumers aged 21 to 65.
By establishing itself in this emerging market, Wallace Distributions aims to provide high-quality marijuana products and equipment, targeting local consumers and expanding its reach throughout Arizona.
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General Information
Business Registration Number: 23166515
Location: Fayetteville, NC, United States
Length of Operation: 0
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Funding will be used to start up a recreational marijuana dispensary in Arizona. This will cover startup costs detailed below. Use of Funds o Location Rights $60k o Compliance Flow and Facility $75k o Licensure $15k o Professional Fees $35k o Purchase of Equipment $30k o Inventory $100k o Staffing $87k o Marketing $35k
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Business Plan
o Expansion into the Tucson, Flagstaff, Phoenix, and Yuma Markets. o Expansion into Montana; specifically Billings, Butte, and Great Falls. o Online Store which ships to other dispensaries and customers in and out of state (but in states which marijuana is still legal). o Control of production of marijuana edibles, and full self reliance of marijuana cultivation. Future Products o House crafted Edibles o House grown Specialty Strands of marijuana the recent legalization of recreational marijuana in Arizona, a new marketplace has bloomed, and Wallace Distributions seeks to capitalize on the vacancy within this marketplace. We seek to provide high quality marijuana and smoking equipment to the people of Yavapai County, and in the future, all of Arizona. This emerging marketplace is barren of recreational dispensaries, and as such Wallace Distributions seeks to fill that vacancy.
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Self Identified Competition
Competitors/ Similar business comparison Basic Info The Flower Shop Medical Marijuana Dispensary 3155 E McDowell Rd, Phoenix, AZ 85008 (602) 812-4695 TruBliss Medical Marijuana Dispensary 6844 E Parkway Norte, Mesa, AZ, 85212 (480) 325-5000 FarmFresh Medical Marijuana Dispensary 790 N Lake Havasu Ave, Lake Havasu City, AZ, 86403 (920) 733-6339 Each of these businesses have similar models, but lack one key difference: they are exclusively Medical marijuana dispensaries, Wallace Distributions would be the First exclusively recreational marijuana retailer in Arizona. These businesses have been well established since 2015 and no doubt will be major competitors, or they would be if they were in our location. As such, we have a geographical monopoly of the Yavapai County Area. Each of these businesses have similar models, but lack one key difference: they are exclusively Medical marijuana dispensaries, Wallace Distributions would be the First exclusively recreational marijuana retailer in Arizona. These businesses have been well established since 2015 and no doubt will be major competitors, or they would be if they were in our location. As such, we have a geographical monopoly of the Yavapai County Area. Speaking of our location, Yavapai county is an excellent location, with a population of 235,000 there are plenty of consumers who demographically fit our sales model. Approximately 133,000 residents of Yavapai county are above the age of 21, and younger than 65.
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