Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Thinking About Growing Commercial Marijuana...
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="CHenry" data-source="post: 3212779" data-attributes="member: 6281"><p><span style="font-size: 18px"><strong><strong><a href="https://www.intelligenthq.com/business/profitable-medical-cannabis-business/" target="_blank">https://www.intelligenthq.com/business/profitable-medical-cannabis-business/</a></strong></strong></span></p><p><span style="font-size: 18px"></span></p><p><span style="font-size: 18px"><strong><strong>The Profitability of Medical Cannabis </strong></strong></span></p><p>Going back to the profitability of medical cannabis, those in the know say that a retail dispensary of medical marijuana can rake in about $3500 to $5000 per square foot, while profit margins can range anywhere from 30% to 45%. To put this in context consider the fact that big brands like Tiffany &Co typically make $4 221 per square foot.</p><p></p><p>In places like California in the US, for example, medical cannabis sales are projected to reach $23 bn by the year 2030, while most medical cannabis suppliers in the state are reportedly either breaking even or fully profitable, either way they are financially thriving.</p><p></p><p>However, the biggest money-spinners seem to be concentrates, infused products and cultivation, with the latter often seeing profitability within the very first harvest. Research also shows that about 91% of companies that manufacture cannabis-infused products are able to reach break-even status within the first year, which is due in part, to the low start-up costs associated with infused businesses, when compared with the high capital requirements of a retailer or cultivator, for example. This makes it easier for the former to turn a profit, and proves that the medical cannabis business is only set to soar from here, and whoever gets a foothold in the industry within these early stages, will have the opportunity to win big -time.</p><p></p><p>Visit <a href="https://www.icannabis.com.au/" target="_blank">icannabis.com.au</a> to keep up with the latest updates and developments on medical cannabis in Australia.</p></blockquote><p></p>
[QUOTE="CHenry, post: 3212779, member: 6281"] [SIZE=5][B][B][URL]https://www.intelligenthq.com/business/profitable-medical-cannabis-business/[/URL][/B][/B] [B][B][/B][/B] [B][B]The Profitability of Medical Cannabis [/B][/B][/SIZE] Going back to the profitability of medical cannabis, those in the know say that a retail dispensary of medical marijuana can rake in about $3500 to $5000 per square foot, while profit margins can range anywhere from 30% to 45%. To put this in context consider the fact that big brands like Tiffany &Co typically make $4 221 per square foot. In places like California in the US, for example, medical cannabis sales are projected to reach $23 bn by the year 2030, while most medical cannabis suppliers in the state are reportedly either breaking even or fully profitable, either way they are financially thriving. However, the biggest money-spinners seem to be concentrates, infused products and cultivation, with the latter often seeing profitability within the very first harvest. Research also shows that about 91% of companies that manufacture cannabis-infused products are able to reach break-even status within the first year, which is due in part, to the low start-up costs associated with infused businesses, when compared with the high capital requirements of a retailer or cultivator, for example. This makes it easier for the former to turn a profit, and proves that the medical cannabis business is only set to soar from here, and whoever gets a foothold in the industry within these early stages, will have the opportunity to win big -time. Visit [URL='https://www.icannabis.com.au/']icannabis.com.au[/URL] to keep up with the latest updates and developments on medical cannabis in Australia. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Thinking About Growing Commercial Marijuana...
Search titles only
By:
Top
Bottom