Where’s the Money in Legalized Marijuana? Ep. 2

A lifestyle brand with medical and recreational products including flowers, edibles, and concentrates, Sweet Leaf is changing the game with it’s plug-and-play retail chain model.


So how did it’s trio of founders go from maxing out credit cards to building a $60M empire with 9 retail locations across Colorado and Oregon, with upcoming plans for expansion into Nevada and California?

In 2011 as the country slowly began to rise out of recession, Matt Aiken, Christian Johnson, and Anthony Sauro put all their chips in, bought 40 grow lights and rented an 8,000 square foot warehouse in Denver. Opting against outside capital, they boot strapped to get their business off the ground, $9,000 in cash and two maxed out credit cards, and a whole lotta elbow grease later, they had wings. 80% of profit was invested right back into the business. Expansion was aggressive. As a matter of fact, now that they’ve reached juggernaut status, they’re slowing down to make sure they continue to pay attention to detail. It’s one of the things they do best.

So what is it about Sweet Leaf that sets them apart from the sea of other dispensaries, and has allowed them to grow where others have faltered? Lets take a look.

Consistency

Every aspect of Sweet Leaf’s branding is so on point. They use the same jars, same displays, same signage across all their platforms. The experience is curated down to the music and the way the buds, concentrates, and edibles are arranged and displayed. All the employees go through the same intensive training program, and provide the highest level of knowledge and customer service. Every store brings their A game daily.

Location, Location, Location

Sweat Leaf VP Nicole West stated “We like to use main thoroughfares…If it’s the route you take to work, that’s an obvious for us. They have a location around the corner from my apartment, and another near my girlfriend’s job, they know what they’re doing. And they like to focus on being in working class neighborhoods. Right where the people need it most. Their locations are always inviting, easily accessed, with really easy parking, which they’ve learned is key. People will drive pass for the place with more convenient parking. They’ve gotten really good at acquiring businesses from owners who wanted out of the game, and then giving those locations that signature Sweet Leaf feel and experience.

Quality Control

Sweet Leaf has a full on product testing process that keeps the employees involved. Budtenders are selected to test product and fill out a form rating it on everything from aesthetic, taste, effects, and price. This data is passed among all employees so that they are all on the sam page with customers. This data is also used to determine how products get their shelf placement. This also helps vendors, because they get a comprehensive product review for free. Most importantly, customers get they highest quality, and the best bang for their buck.

Never Forgetting Where They Came From

All three of Sweet Leaf’s founders come from pretty modest backgrounds, and they don’t let the success get to their heads. They don’t focus on the boutique high end marijuana market, but rather they aim to be the healing center for the everyman. It’s one of the things that makes the Sweet Leaf experience so sweet. You walk in and your greeted and well treated and made to feel at home. There’s product of high quality in all price ranges. Their goal is that everyone can walk in and get something – college students, veterans and the elderly, working moms grabbing edibles for a girls night out – they make it so everyone can reap the benefits of that sweet leaf.

string(4070) "

A lifestyle brand with medical and recreational products including flowers, edibles, and concentrates, Sweet Leaf is changing the game with it's plug-and-play retail chain model.


So how did it's trio of founders go from maxing out credit cards to building a $60M empire with 9 retail locations across Colorado and Oregon, with upcoming plans for expansion into Nevada and California?


In 2011 as the country slowly began to rise out of recession, Matt Aiken, Christian Johnson, and Anthony Sauro put all their chips in, bought 40 grow lights and rented an 8,000 square foot warehouse in Denver. Opting against outside capital, they boot strapped to get their business off the ground, $9,000 in cash and two maxed out credit cards, and a whole lotta elbow grease later, they had wings. 80% of profit was invested right back into the business. Expansion was aggressive. As a matter of fact, now that they've reached juggernaut status, they're slowing down to make sure they continue to pay attention to detail. It's one of the things they do best.

So what is it about Sweet Leaf that sets them apart from the sea of other dispensaries, and has allowed them to grow where others have faltered? Lets take a look.



Consistency

Every aspect of Sweet Leaf's branding is so on point. They use the same jars, same displays, same signage across all their platforms. The experience is curated down to the music and the way the buds, concentrates, and edibles are arranged and displayed. All the employees go through the same intensive training program, and provide the highest level of knowledge and customer service. Every store brings their A game daily.

Location, Location, Location

Sweat Leaf VP Nicole West stated "We like to use main thoroughfares...If it's the route you take to work, that's an obvious for us. They have a location around the corner from my apartment, and another near my girlfriend's job, they know what they're doing. And they like to focus on being in working class neighborhoods. Right where the people need it most. Their locations are always inviting, easily accessed, with really easy parking, which they've learned is key. People will drive pass for the place with more convenient parking. They've gotten really good at acquiring businesses from owners who wanted out of the game, and then giving those locations that signature Sweet Leaf feel and experience.

Quality Control

Sweet Leaf has a full on product testing process that keeps the employees involved. Budtenders are selected to test product and fill out a form rating it on everything from aesthetic, taste, effects, and price. This data is passed among all employees so that they are all on the sam page with customers. This data is also used to determine how products get their shelf placement. This also helps vendors, because they get a comprehensive product review for free. Most importantly, customers get they highest quality, and the best bang for their buck.

Never Forgetting Where They Came From

All three of Sweet Leaf's founders come from pretty modest backgrounds, and they don't let the success get to their heads. They don't focus on the boutique high end marijuana market, but rather they aim to be the healing center for the everyman. It's one of the things that makes the Sweet Leaf experience so sweet. You walk in and your greeted and well treated and made to feel at home. There's product of high quality in all price ranges. Their goal is that everyone can walk in and get something - college students, veterans and the elderly, working moms grabbing edibles for a girls night out - they make it so everyone can reap the benefits of that sweet leaf.


"

MONEY JOURNAL: A Marketing Specialist Living On $75K A Year In Chicago

Chicago Theatre - Night | Photo by Pixabay

In this month’s Money Journal, Celia is organized and disciplined yet enjoys her life “to the Max” Welcome to Money Journal, a monthly Paypath series that examines how Americans really handle their finances. Our participants keep a journal of their earnings, spending, and savings (if any), then share what it’s like to live in their

How to Get Out of Your Gym Membership Without Paying a Penalty

Gym Jumping Woman - Image by StockSnap for Pixabay

Trying to cancel your gym membership can be more tiring than actually attending that kickboxing class you keep skipping. Getting out of your gym contract can be so tough that people are going to great lengths to avoid paying any penalties. After going into debt living a lifestyle she couldn’t afford, this woman forged fake

Living la Vida Frugal – Spend Less With Frugal Living

Tiny Home Image by Clay Banks_Unsplash

Everyone says the economy’s healthier than ever, but some of us still find it necessary to make that paycheck stretch…and stretch…and stretch. The better we understand our spending habits, the better we can manage them. Living frugally can benefit you in many ways. You’ll grow more self-reliant, creative, and resourceful as you learn to make

When Grown-A** Kids Won’t Leave The Nest

Family Home - Photo by Phil Hearing for Unsplash

Most parents welcome visits from their grown-up children. But what happens when the kids head back home when life gets rough and then never leave? This scenario is playing out more and more frequently as 20-something adults try to cope with – or hide from – skyrocketing costs in an increasingly expensive world. Lou Carloza

The Motherhood Penalty

Photo by Sai De Silva (Unsplash)

You Lose $20K Each Year Just For Being a Mom You may not know this, but there was a time when smoking was considered “liberated” behavior for women. There was a cigarette company Virginia Slims that was created specifically to attract female smokers during the bad old 1970s. The slogan was “You’ve come a long