Business
Unity Rd. Awarded Full License Approval for New Denver Dispensary
Unity Rd. Awarded Full License Approval for New Denver Dispensary.
About this update from Item 9 Labs Corp.
[{"type":"text","content":"\nUnity Rd., the national cannabis dispensary franchise from Item 9 Labs Corp. (the “Company”) (OTCQX: INLB), announced today that it is expanding its retail footprint with a new shop near the Glendale neighborhood of Denver. Located at 3915 E. Exposition Avenue, this will be the third location the brand will introduce in Colorado and a flagship franchisee training center.\n\nThe Company aided its social equity partner, Josh Davis, in securing full state and local license approval for the Unity Rd. dispensary, located in a popular commercial and residential district. Construction has begun on the new store, and it is expected to open this summer.\n\n“For social equity dispensary owners, a missing piece in their road to success is ongoing guidance and support from a dedicated team of experts,” said Unity Rd. CEO Mike Weinberger. “The franchise model is a key vehicle that empowers them to confidently and compliantly operate dispensaries in their local communities.”\n\nUnity Rd. currently has two shops open in Colorado – one with its franchisees Nate and Bruce Wetzel in Boulder, Colo. which opened in June 2021, and another in North Denver, that opened in July 2022. Colorado is one of the most mature cannabis markets in the U.S. and has been setting records in sales year-over-year from the launch of its adult-use program in January 2014, with Denver at the epicenter of all the positive momentum. According to the state's Department of Revenue, it has since generated over $12.2 billion in adult-use sales.\n\nWeinberger continued, “With Colorado, and specifically Denver, being a highly competitive cannabis market, Unity Rd. offers a proven guidebook, ongoing support and the expert resources needed for industry newcomers and existing dispensary operators alike to navigate regulatory hurdles and thrive in the space.”\n\nCannabis is a highly regulated industry with laws that differ from state-to-state and change day by day. These market conditions make it next to impossible for industry newcomers to enter – let alone operate a successful business. Unity Rd. breaks down these barriers, helping independent business owners bring the benefits of the growing industry to their hometown to strengthen their communities, invest in local programs and build a legacy.\n\nTo learn more about ...