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Discover CBD Franchise Program Updates

By Corey Hartley March 08, 2019

We are happy to share very exciting updates regarding the Discover CBD Franchise Program. It has only been two months since we began offering franchises, and our program has already grown faster than expected!

(After reviewing this update, be sure to check out our July 2019 update!)

Discover CBD Retail Cannabidiol Store Franchise Program News Update

First, thank you again for all the interest in the opportunity to spread the benefits of CBD beyond Colorado by owning a Discover CBD Franchise.

We are pleased to announce the first franchise agreements have been signed in three new states: Arizona, Pennsylvania, and Tennessee. One proposed location would be near Philadelphia, Pennsylvania. Phoenix, Arizona will be the location of the second store, and Nashville, Tennessee is being investigated as the third franchise location.

 

Golden Valley Minnesota Discover CBD Location Opening Soon

As if that news was not exciting enough, licensing deals for Discover CBD stores have been reached in two additional states. Two locations will be near Chicago, Illinois. The second is located in Golden Valley, Minnesota outside Minneapolis/St. Paul. The Minnesota store should have signs up very soon, making it the first Discover CBD store located outside Colorado. 

This also means however, that Distributing Rights are no longer available in these three states as well. This brings the states with Distributing Franchise Agreements to five, including Arizona, Illinois, Minnesota, Pennsylvania, and Tennessee. Franchises are available in these states, but distributing rights are no longer available. 

One more exciting bit of news for this update: Previously we were unable to offer franchises in Florida, Texas, and Utah. We can legally begin selling franchises in these states (along with the other states previously available). We have had significant interest in Florida and Texas. We are pleased to be sending the Franchise Disclosure Document to interested parties in these states. It is very exciting for us that the first agreements could be signed for those states within the next three weeks.

The following map is current as of April 4, 2019 and summarizes the current status of our franchising program in each state.

Discover CBD Franchising Status Apr 2019
Green States: Distributing franchise still available
Purple: Franchise available currently
Blue: Available within 1 month after request for FDD filing
Orange: 3-4+ months for FDD registration after request
Red: No franchises available (corporately owned currently)

 

If you are interested in our franchising opportunity and need more information, please read our first announcement here: https://discovercbd.com/blogs/cbd-news/discover-cbd-franchise-information

Please email franchise@discovercbd.com or call (719) 666-7222, and we will be happy to help answer any questions and explain the details regarding the franchise process further.

Disclaimer
This is not a franchise offering. A franchise offering can be made by us only in a state if we are first registered, excluded, exempted or otherwise qualified to offer franchises in that state, and only if we provide you with an appropriate franchise disclosure document. Follow-up or individualized responses to you that involve either affecting or attempting to affect the sale of a franchise will be made only if we are first in compliance with state registration requirements or are covered by an applicable state exclusion or exemption.

 


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