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NEW YORK, Aug. 30, 2022 – PRESS RELEASE – Franchising is taking the cannabis industry by storm to help keep businesses locally owned and operated, with national franchise networks being built alongside the rapidly growing $24 billion market. The frontrunners, who are leading this charge, are the first-in from a franchising perspective and have the know-how to build franchise brands on a national scale in the U.S.; they are Unity Rd., the first cannabis franchisor, and Cannabis10X, a full-service franchise brokerage.
Founded by Jason Tropf and Holly Ford, experienced business owners and franchise executives, Cannabis10X is the world’s first full-service cannabis franchise brokerage and is comprised of a world-class franchising team that has franchised household name brands such as 7/11, Five Guys, Panda Express, Sbarro’s and thousands more.
“The barrier to entry is high in cannabis,” Ford said. “With our team of experienced franchise executives and our 50 in-house cannabis-trained brokers, we are breaking down that barrier brick by brick as we place investors and qualified operators into profitable franchise systems.”
Unity Rd. is the first true national cannabis dispensary franchise model in the United States. Backed by Item 9 Labs Corp.—a vertically integrated cannabis franchisor and operator that produces premium, award-winning products—the dispensary franchise pioneer is poised to lead the franchising space as the No. 1 cannabis brand in the country. Unity Rd. is 10X’s newest cannabis client to benefit from its franchise brokerage services, utilizing support in growing its franchise network with qualified prospective entrepreneurs nationwide.
“For franchisees, having the opportunity to join a network like this is like having the chance to hop in a time machine and go back to the beginning of franchising to be one of the first franchisees in the country,” Tropf said. “This is an unparalleled opportunity that happens once in 100 years with the birth of a brand-new industry; similar to getting into the industrial revolution at its infancy or tech industry when the internet was still rolling out.”
Unity Rd. offers a guided route for cannabis entrepreneurs looking to enter and navigate the complex cannabis industry. Today, the fast-growing cannabis franchise has retail shops open in Boulder, Colo., and Denver; Hartford, S.D.; and Oklahoma City, with additional locations projected to open this year in Colorado and Maine, among other markets. Unity Rd. has a network of 20-plus entrepreneurial groups that are expanding the franchise across 10-plus states.
“We launched the Unity Rd. franchise opportunity in January 2018 and have made significant expansion progress, but to take our franchise development efforts up a notch, we need a partner who understands both franchising and cannabis, which you can imagine is hard to come by,” said Unity Rd. VP of Franchise Development Justin Livingston. “I’ve had the pleasure of working with the Cannabis10X team on other franchise concepts, and their work is spectacular. They take their time to understand your concept and ideal candidate and have the networks to back them up.”
Outside of the support the 10X team is providing Unity Rd., the company also offers clients wrap-around services that help cannabis franchisees integrate from state to state; this includes a legal team that sits on Capitol Hill that has written cannabis bills in several states, a vetted safe banking partner, security, compliance partners, access to capital partners, strategic partners and much more. The expanded 10X team that a cannabis entrepreneur gains access to is unlike anything a small business owner could ever lay his or her hands on and is usually reserved for the $100 million hedge funds.
For more information, contact [email protected] or visit https://cannabis10x.com/unity-rd/.]]>