Going Green, Not All Marijuana Business Models Are Equal
Providing a quick statistical snapshot of the fast growing marijuana industry within the US, Marijuana Business Daily reported in its 2016 Marijuana Business Factbook; a majority all marijuana-related businesses – think cultivators, dispensaries, collectives, and the ever popular brick-and-mortar recreational pot shops – reported they were able to “Break-Even” or were “Modestly Profitable,” during the first part of 2016.
As the fast-paced and cyclical business cycle of our country continues to force out prehistoric industries, pushing them to their extinction, 18 percent of all medical marijuana dispensaries from coast-to-coast reported being “Very Profitable”, with 41% reporting being “Modestly Profitable.” The remaining 29 percent demonstrated that just because you own a state-sanctioned pot shop, it’s still a high probability you will only “Break Even,” provided you don’t have the best strains and knowledgeable budtenders.
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