To create a business in an industry that is still in its infancy and because of the vagaries of the laws from state to state, the blueprint for success doesn’t necessarily exist.
“I scratched my head when I first got into it – the more I dug in I determined that I needed to come up with the blueprint for myself,” say Coleman, the chief executive officer of PG Health, LLC.
That blueprint includes a female- and minority-led team that will pursue cultivating and manufacturing licenses in the next round of applications for medical marijuana facilities.
PG Health, based in Cherry Hill, had initially considered applying for one of the six Alternative Treatment Center licenses that were awarded in December, but decided at the end to hold off.
That doesn’t mean Coleman is just waiting for the next RFA to be announced.
As she did in the run-up to the ATC application deadline, Coleman has continued to prepare. That means building a full vertical supply chain team – “we have leaders in all aspects of business. We feel from a management and leadership standpoint, we’re sustainable. From a subject matter expertise, we’re sustainable” – to meeting with municipal and community officials and leaders to cement relationships and bringing more investors and capital on board.