High Dive: How To Fail In The Marijuana Industry

I usually write about how to succeed in the emerging marijuana industry while navigating its many legal pitfalls. But since so many cannabis businesses tend to fail in newly legalized states, and since 2016 will almost certainly be a big year for legalization, this post is on how to be sure to fail in the marijuana industry.
  1. Go all in and ask no questions. Those with a “gold-rush” mentality are best suited to avoid the cannabis industry. Though enthusiasm for a new enterprise is a great thing, anyone who believes they will get rich quick in the cannabis industry is sorely mistaken. Cannabis businesses are increasingly behaving and being treated much like any other business, so any new entrant or even industry veteran needs to constantly be examining their bottom-line, their financial strategy, their ability to market, their market share, and how to compete. The concept of the “Green Rush” is slowly
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