1. Open for Business:
Prohibition is Over, Green is More Than Money!
McKenna Mender
Taylor Clayton
Didier-Renaud Martelly
Sarah Figueroa
2. Amendment 64:
Use and Regulation of Marijuana
Article 18, Section 16 of the Colorado state Constitution:
Personal Use and Regulation of Marijuana:
“Adults 21 or older can grow up to three immature and
three mature cannabis plants privately in a locked space,
legally possess all cannabis from the plants they grow (as
long as it stays where it was grown), legally possess up to
one ounce of cannabis while traveling, and give as a gift
up to one ounce to other citizens 21 years of age or older.
Consumption is permitted in a manner similar to alcohol,
with equivalent offenses proscribed for driving.”
3. Why Legalize?
• A natural replacement for prescription drugs
• Potential to lower tax rates among citizens
– Keeping non-violent drug offenders out of jail
• New careers
– Farming and growing positions & cooperate titles
in the production and commercial process
• Lower the unemployment rate
– Raise the minimum wage
4. The Issue
• Many loopholes and “grey areas” in its
legalization
– Federal agencies have been apprehensive to
accept money from marijuana dispensaries
• Only short-term objectives have been
addressed and because of this these laws are
continually changing and adjusting
• Industry is changing quickly
7. Mission Statement
“Our mission is to enhance the livelihood of
recreational marijuana by educating potential
customers. To gain a further economic opportunity
a great brand will be developed that seeks to give
smokers the most satisfying experience. As well as
secure continuous growth in turnover and profits.
We will educate and encourage our customers in
the proper use and practices of our products so
that future generations can gain integrity in this
growing industry. Overall, our vision is to be a
dynamic and innovative marijuana company with
growing leadership through many dispensaries.”
8. Mission
Vision
Educate Customers on
proper uses of marijuana
Regulate and maintain an
orderly adult smoking rate
Support but also control
the use of marijuana
Define operational
Stretch goals Crisis
plans
Decentralize
Single use plan
Hold
planning
Reviews
9. Mission
Vision
Define Tactical plan
Define Contingency
Security Department Operational
Goals
Human Resources Operational
Goals
Finance Operational Goals
Marketing Department goals
Decentralize
Single use plan
Hold
planning
Reviews
10. Mission
Vision
Define Tactical
plan
Define
Contingency
Define operational
Stretch goals Crisis
plans
The organization will
designates a manager to
each of its branches;
Accounting, Finance,
security, Marketing and
Human resources. They will
have a set objective and
focus on achieving their
operational, and tactical
goals
Hold planning
Reviews
11. Mission
Vision
Define Tactical plan
Define Contingency
Define
operational
Stretch
goals Crisis
plans
Decentralize
In the case of the failure or
poor output of this plan, the
organization will work on
developing synergy and use
all of its branches to form a
better planning process. The
organization will innovate
and cope with environment
and social demands
12. • Educate
• Advertise
• Track monetary
movement
• Regulate Taxes
• Monitor
employee &
Company
standards
• Maintain
Internal
environment
Security
Human
Resources
MarketingEconomic
13.
14.
15. Organizing
• To effectively organize the deployment of
resources to achieve strategic goals
– Division of Labor
– Lines of Authority
– Coordination of Departments
17. Recruiting Process
• Legal considerations to ensure that
employment practices conform to state laws
• Employee background checks
• Intense training & development program
• Greater skill sets= fewer employees= money
saved
18. Work Specialization
Tasks are sub-divided into individual jobs:
• Host or doorman
• Kitchen person
• The sales person
• The person at the register
19. The Vertical Function Approach
• The grouping of positions into departments
based on skills, expertise, work activities and
resource use.
– Managers: the general manager, the compliance
manager, and a floor manager
• Delegation
20. Human Resource Management (HRM)
– Human Capital= including the economic value of the
combined knowledge, experience, skills and capabilities of
employees
– Federal Legalization impacts HRM because the legal and
regulatory environment is constantly changing in this
industry
– HR Managers
21. Loopholes: Closing The Gaps
• Mandatory testing of marijuana
• Employee communication
– Casual, Respectful Level
– Educational Level
– Advocators
• Liquor store example
22. Leading
• Leadership is the ability to influence people
toward the attainment of organizational goals
• Empowering people to meet higher needs.
– Motivation
– Communication
24. Employee Motivation Productivity
• Power and Influence
– Position and Personal Power
• Coercive Power
• Reward Power
• Expert Power
• Rewarded based on company
performance.
– Commission
– Employee Discount(s)
25. Controlling
• The systematic process through which managers
regulate organizational activities to make them
consistent with expectations established in plans,
targets, and standards of performance
26. Open-book Management
• This industry is largely social and is influenced
by consumers and the social environment
– Managers take major external factors into
consideration when making decisions of any sort
• Safety measures and precautions
27. Universal Standards
• Monitor sales & establish business
– Money and taxation
• Demand for recreational marijuana is high
– Novelty
– People are willing to pay more for a new product
• Major Obstacles
– “Cash-only” due to hesitation from banks
28. Statistics
• 7,500-10,000: The estimated number of marijuana industry jobs that
currently exist in Colorado
• $1.53 billion: The amount the national legal marijuana market is worth,
according to a Nov. 2013 report from ArcView Market Research
• $10.2 billion: The estimated amount the national legal marijuana market
will be worth in five years
• $98 million: The total tax revenue that Colorado could reap in the fiscal
year that begins in July; and $40 million is the amount of marijuana tax
revenue that Colorado is devoting to public school construction.
• $17.4 billion: The estimated total amount that marijuana prohibition costs
state and federal governments every year, according to a 2010 study by
Harvard University
29. Retail Management Rules
• Regulations
– Packaging requirements
– Advertising guidelines
– Health & safety
• Training Requirements
– ServeSafe Food Handler Certificate or required
food & safety course
30. Comprehensive Management Control
System
• Balanced scorecard
– Traditional financial measures
– Measures of customer service
– Internal business processes
– Capacity for learning and growth
– Accurate and official inventory records
31. Hierarchical Management System
• Formal measures taken when there are
interactions between federal to state and
state to local branches
• Hierarchical controls include the monitoring
of behavior through rules, policies, reward
systems and written documentation
– Employees must be monitored closely in a
dispensary
32. A Changing Industry
• Allen St. Pierre, the Executive Director of
NORML and a marijuana advocate for several
decades
• New generation of pot entrepreneurs
– Motivated by monetary gains
“These people have [resumes] not based on
being the toughest guy on the block, but from
having gone to Yale and Harvard…”
34. Conclusion
• Effective management team
• Efficient use of resources
• Abide by regulations and standards of state
law enforcement
• Potential for recreational marijuana in other
states
35. Group Consensus
• Recreational marijuana benefits the state economically
and maximizes revenues for the state
• The law should only stand as long as he regulations are
strictly enforced and improved as time progresses
• In the long run, Colorado may develop a trend among
other states in our nation. Due to the high profits and
regeneration of production among state resources
Colorado may soon start a trend for other states to
follow
• Overall: Recreational marijuana has the ability to be one
of the most high-functioning and profit-generating
businesses of all time
Notes de l'éditeur
Taylor
Taylor
McKenna
Sarah
Sarah
Pursue their purpose with passionPractice solid valuesLead with their hearts as well as with their headsEstablish connected relationshipsDemonstrate self disciplineStay REAL
