weGrow Phoenix – As interest in the medical marijuana industry increases, weGrow offers franchisees a chance to be a part of it.
The demand for Medical marijuana is growing across the state. And with the law of supply and demand being what it is, the number of applications for franchises selling products to help cultivate the crop soared immediately following the legalization of medical marijuana in Arizona.
“Before I even knew the state of Arizona passed the law, I was getting franchise application after franchise application on my iPhone, and I thought something in Arizona must have happened to trigger this kind of response,” says Dhar Mann, founder and CEO of weGrow, a chain of hydroponic supply stores. “And that’s when I found out Arizona went legal.”
In fact, weGrow sold out all of its franchise rights for stores they plan on opening in the next three to four years, with Arizona franchisees submitting about 10 percent of the total applications.
WeGrow held its grand opening in Phoenix, the state’s first location, in June. Since then, the store’s franchisee, Sunny Singh, decided to open more locations across the state, purchasing six additional stores in Arizona.
“Singh represented the brand very well, and we had a very positive reaction to the opening of the Phoenix location of weGrow,” Mann says. “There are a lot of people interested in getting into the medical marijuana industry without the risk of growing the plants, which weGrow allows them to do.”
So far, it weGrow plans to open a store in Flagstaff by October, and another store in Tucson by the end of the year, Mann says.
Mann also says that Arizona was the right market to open a weGrow store, not only because Phoenix is one of the largest metropolitan cities in the nation, but also because “weGrow’s business model specializes in areas where there’s high demand, but low information. Our cornerstones are built on education, training and learning.”
WeGrow offers classes, technician services and the ability to see the entire supply chain process, which Mann says excited patients who use medical marijuana.
“We’ve had a lot of new patients walk into the store wanting to start their very first garden,” Mann says. “There are no other hydroponic stores in the state right now where they can talk about medical marijuana cultivation.”
In addition to the educational aspects of the store, weGrow provides anywhere between 15 and 20 full- and part-time jobs. But Mann says it’s the ancillary jobs created that make a difference, including hiring a doctor on site for medical marijuana evaluations; professors to teach classes, including technicians and experienced growers; design and construction positions; security positions, and distributors. About 75 indirect jobs are created with the opening of each weGrow store.
Mann says weGrow and the marijuana industry could have a profound economic impact on Arizona, generating hundreds of thousands of dollars in tax revenue, even with a 10 percent sales tax. In California alone, medical marijuana is a $14 billion dollar industry, he says.
“If the government would think about all of the benefits that legalization could bring from the dollar point of view, there’s not only sales tax, but there’s also the jobs, real estate that’s bought and the property taxes, the increase expenditures from people buying locally as well as people that are now employed spending more,” Mann says. “It creates a lot of economic dovetails that can be very positive for the state.”
Mann says weGrow pushes for more regulation because it wants the industry to “get out of the shadows and into the light.”
For those interested in investing, or for more information about weGrow Phoenix, visit www.wegrowstore.com or call (602) 278-9988.