Medical Marijuana Opportunities

girlDog
girlDog

So Veeky Forums if Medical marijuana became legal in your state how would you make money off of it? Let's say you'd be on the ground floor.

haveahappyday
haveahappyday

Getting stoned legally is reward enough

Gigastrength
Gigastrength

If I got in on the ground floor I'd sell good quality vaporizers.
What kind of retard smokes? Stinks like crazy, kills your lungs, creates disgusting ashes.
Vaporizers are the way to go.

SniperGod
SniperGod

open snack stand outside marijuana dispensary
ive got your munchies covered senpai

WebTool
WebTool

It's illegal to smoke in public.

Ignoramus
Ignoramus

All dispensaries sell edibles.

Lunatick
Lunatick

Invest in a grow house and good workers.

Get a contract with your local dispensaries.

Wait for yields

Profit

lostmypassword
lostmypassword

Why would you not open a dispensary yourself?

RavySnake
RavySnake

just buy canadian weed stocks
wait a year for it to be legal

FastChef
FastChef

In my state (Arkansas) only people who are already wealthy and politically connected are going to get in on the ground floor by design. Same in most places. The green rush is fucking over and it's back to pay to play as usual. You're years too late.

CodeBuns
CodeBuns

DUDE

Raving_Cute
Raving_Cute

Which negates the purpose of the snack stand ;)

viagrandad
viagrandad

No one has mentioned the licensing and fees required. In Illinois first year licensing and fees for a medical dispensary are roughly 150k. For grow operations the fees are even higher.

Then you need to talk about the amazing requirements of overhead. Waste hauling permits, 24/7 armed security, Dept of AG inspections every 3-4 weeks (during which time you can not operate and can take days)

The last time I read about it, late in 2016, the estimated first year costs for a dispensary in Illinois were 1.5-1.8 million.

iluvmen
iluvmen

, the estimated first year costs for a dispensary in Illinois were 1.5-1.8 million.
Not too bad.
All you need to do is sell about 500 grams a day and you're golden

Deadlyinx
Deadlyinx

You can sell vaporizers in most countries in the world. They are not necessarily related to cannabis

Emberfire
Emberfire

Higher overheads, harder to expand.

I would probably seek an organic grow niche, along with an extensive shill campaign on how the big farmers all use harmful chemicals etc

Sir_Gallonhead
Sir_Gallonhead

You have to apply for licenses. It is a lot harder to "just open a dispensary" than you might think. It's a lot harder to do anything relating to the cannabis industry as a whole. There's a bunch of legal shit to be done in a state where it's already legal and a state in which it is just becoming legal. Not to mention in both scenarios, competition is rough. Return is huge. The process is terrible. This is why I cringe so hard when people get in their heads that they are going to be a entrepreneur and sell/grow weed/ sell hardware. You better come up with something original or don't waste your energy.

viagrandad
viagrandad

Just got to know the owners of the dispensaries, get a lock on certain strains.

You are right though, all rough roads.

VisualMaster
VisualMaster

All you would really need is to be in a state that's friendly in terms of regulations and permission from your county/town to use your property commercially for medical marijuana growth. Really depends on the county but you could sway them pretty easily especially if it's located in low population area, project local job growth, and corporation tax that goes to the county it resides in.

I wouldn't want to get into another small business but if my surrounding cities/counties saw an exponential growth in dispensaries I would go growth and whole sale route. Don't think it will come to my state and hope it doesn't come till at least another 2-3 years so I have the opportunity to invest.

5mileys
5mileys

No dude. You know nothing of the fees that you must put down just to be in the drawing to have a chance of having a license for states that are just getting started, and for states that already have legalization you have a market that's cluttered.

Your hypotheticals mean fucking nothing.

Flameblow
Flameblow

Getting stoned legally is reward enough
literally this

Nojokur
Nojokur

I've already purchased lease options on 3 locations in high traffic weed areas.

1 on each end of a uni another on the edge between trendy hipster neighborhood and low income AA neighborhood.

Neither are within a block of a church or a school (k-12)

StrangeWizard
StrangeWizard

Sounds like legal weed is going to be another one of those things controlled by people that already have money.

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