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Bud's Place - Cannabis Consumption Lounges - Franchise


Quick Franchise Summary

Introducing Cannabis Consumption Lounges! Bud's Place™ provides a upscale experience for people to consume their cannabis, and a kickass investment opportunity for you. We’re looking to expand nationwide, and are seeking a business partner to join us. Learn more about the costs, benefits, and available locations today!


Bud's Place - Cannabis Consumption Lounges
Franchise Cost, Fees & Facts for 2020

Minimum Cash Required$500,000
Net Worth Required$1,500,000
Total Investment$619,500 – $1,172,500
Franchise Fee$75,000
View More Quick Facts

Available In These States:

We are currently accepting inquiries in these states:
  • AK
  • CA
  • CO
  • FL
  • MI
  • MT
  • NV
  • UT

Not Available In These States:

We are currently not accepting inquiries in these states:
  • AL
  • AR
  • AZ
  • CT
  • DC
  • DE
  • GA
  • HI
  • IA
  • ID
  • IL
  • IN
  • KS
  • KY
  • LA
  • MA
  • MD
  • ME
  • MN
  • MO
  • MS
  • NC
  • ND
  • NE
  • NH
  • NJ
  • NM
  • NY
  • OH
  • OK
  • OR
  • PA
  • RI
  • SC
  • SD
  • TN
  • TX
  • VA
  • VT
  • WA
  • WI
  • WV
  • WY

Overview

Bud's Place - Cannabis Consumption Lounges - Franchise Information

About Us
A Bud’s Place™ social cannabis consumption lounge – bring your own, no dispensing – offers a combination of food and beverages, accessories, entertainment, and more in a clean, safe and relaxing facility in which customers can enjoy their own cannabis and have HIGH. QUALITY. FUN.

A Social Cannabis Social Lounge
Cannabis is now legal for consumption in many states. Bud’s Place™ provides a legal, safe, and enjoyable upscale atmosphere to consume cannabis. 

Do you know why there are so many bars when you can legally drink alcohol at home? People love to socialize!

There are 63,615 bars in the USA as of 2020. But there are only less than 10 cannabis lounges in the USA. 

This is the land of opportunity! 

By 2025 Cannabis Revenue will be $30 Billion Annually, according to New Frontier Data and Forbes. 

  • It's possible that by early 2021 47 of the 50 US states will have some form of legalized cannabis.
  • By 2027, in the United States legal cannabis revenue is estimated to reach 73.6 Billion according to a report by Grand View Research, Inc.
  • States where sales were doubled or more from 2018 to 2019 were: Florida (174%) $241 million to$660 million; Maryland (129%) $111 million to $255 million; Massachusetts (210%) $217 million to $672 million; New Jersey (100%) $53 million to $107 million; New York (274%) $39 million to $144 million; Oklahoma (34,606%) $1 million to $346 million; and Pennsylvania (158%) $124 million to$310 million.

Problem
Even where it's legal you can buy cannabis at a dispensary but you can only consume it at home. 

Solution
Providing a safe, inviting, and legal place for cannabis consumption and H.Q.F. (High. Quality.Fun)

CRAVE HOT DOGS and BARBECUE
We have partnered with the award-winning CRAVE HOT DOGS and BARBECUE, to develop a special premium menu for Bud’s Place™.  Crave’s own franchise system is ranked #16 out of the top 100 top emerging franchises in the USA (fastcasual.com, 2019) and voted Best Southern BBQ Franchise 2019 – CV Magazine

Bud's Place - Cannabis Consumption Lounges Video(s)