this post was submitted on 13 Nov 2023
1 points (100.0% liked)
Entrepreneur
0 readers
1 users here now
Rules
- No Personal Attacks - criticism of ideas is allowed, attacking people is not.
- Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
- No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
- Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.
Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's a toss-up. On the west coast here we've been saturated for years with backstock, then you have the medical market, then the gray market, and dont forget the im a legal dispensarybut ill move things out the backdoor becauseim broke and everyonecomes here for thw low peices, CO same. Florida soon to see the big business take over. Everyone is waiting for everyone else to go broke so they can get more market share. Don't get me wrong in the right place at the right time with the right rules, and you can succeed easily. I've been in the business for over 30 years, and I do a lot more consulting than anything else. I have a niche that I filled with having knowledge in all aspects of the business and the way to succeed and thrive. It takes the right staff growers, etc. It's a tricky process, being that most workers are hired without knowledge of the entire process, and if they are in a position besides labor, the business can lose a lot of money fast. Spending 10k to 20k for someone like me to hire the correct staff doing jobs they e can exceed in as well as advertising, location, branding, and hype. It's all a puzzle few can navigate to fully put together, and I have seen countless people lose half a million and up and be stressed out constantly until it goes under. I can save people half the building costs to more than pay for 10 - 10k sessions that are hands on follow up and results. If you're trying to grow hemp, I would find outlets first and do the math to see if it's worth it. 5 years ago, it was here. It only lasted 2 years until everyone was doing the sa.e. and tanked the market