The Marijuana Rush has been existent for some time already and many pioneers and erstwhile pilgrims of the trade are out to find their own “pot of gold” at the end of the psychedelic-colored rainbow.
Keep the trail a-smoking!
Yes, all prospective partners of the “budding” business must always remember the no. 1 rule in the “burn-and-slash” world of legal marijuana – sell it while it’s hot! The peak period of demands are so amazing but the downside is it fluctuates so much not like the slender curve of a rainbow, but more like the ups and downs of a roller-coaster. So any wanna-be “hemp”-trepreneurs must beware of this movement in the marijuana trade.
Marketing is Everything!
Marketing marijuana is the secret in keeping the business afloat, especially in times of rapid fluctuations. It is not really on the supply side since the legalization of marijuana for medicinal and recreational purposes obviously secured the crops as a regulated commodity. It’s the demand which is sensitive. While there is a current boom in the sales of marijuana, venturing business people must always be prepared for unforeseen contingencies.
There’s Gold in ‘em Mountains!
We simply mean to recommend that the gold will not be coming down from the mountains and knock on your doorstep just like that. You should want it more than the next “hemp”-trepreneur sitting next to you because there simply is no substitute for hard work.
Please Don’t Touch the Merchandise!
You have to weed out the bad seeds before you can begin raking in the good weeds. Make sure that your business establishes its name as an organization of integrity. Especially in the marijuana business, integrity and hard work complements each other well.
So don’t be afraid to fire somebody because he falsely apportioned your dope or to get rid of one of your staff who has shown disrespect or rudeness to customers in the store.
At the same time, you need to manage your marijuana business with as much security as possible. It will help a lot if you can think up of a good mission-vision for your company.
Making money out Marijuana.
While medicinal and recreational marijuana is currently experiencing a boom in sales and supplies, it will be best that you also learn how to save.
Savings right now may sound a little bit illogical right now (especially since you want to maximize profit by putting all your money again as operational funds) but it is a good economic policy to save a portion of your profit.
This is not only for emergencies but also for giving elbow room to the future development of your business. After all, marijuana as a “pot of gold” may be too heavy to carry to the house, so you might as well save some at the bank. And while you’re at it, it might be a well-intentioned advice to give some to charity too. Sharing the “pot of gold” means you will never be alone and lonely at the end of the psychedelic rainbow.
Who knows, the rush may just be at the other side of the next mountain for you to conquer. But, don’t worry – there’s definitely plenty for everyone!