SoCoMMJ
Well-Known Member
Growing quality product is only the first part. You also have to be able to run a business in one of the toughest regulatory environments that exists.
Many excellent growers failed that second piece in the Medical Marijuana green rush. Numerous others closed due to excessive competition and lack of profitability.
Note that the lack of profitability is huge challenge.
In Colorado Springs, of the original 200 dispensaries, there are probably 50 left today. Be sure to factor that in to your plan. Those 150 that closed had dreams of huge success as well..
To summarize, it is not as easy as you think. But it can be done if you have the quality product, outstanding customer service, and piles of money to get off the ground. Slinging weed from your basement has no overhead, running a legitimate marijuana business has soul crushing overhead.
Good Luck to you if you decide to venture forth.
Many excellent growers failed that second piece in the Medical Marijuana green rush. Numerous others closed due to excessive competition and lack of profitability.
Note that the lack of profitability is huge challenge.
In Colorado Springs, of the original 200 dispensaries, there are probably 50 left today. Be sure to factor that in to your plan. Those 150 that closed had dreams of huge success as well..
To summarize, it is not as easy as you think. But it can be done if you have the quality product, outstanding customer service, and piles of money to get off the ground. Slinging weed from your basement has no overhead, running a legitimate marijuana business has soul crushing overhead.
Good Luck to you if you decide to venture forth.