For Cannabis Entrepreneurs, Industry Expansion Brings Growing Pains

[formercia]

By Tim Sprinkle | Yahoo! Finance – Mon, Mar 11, 2013 5:44 PM EDT


Don’t be fooled: The marijuana business is hard work. 
Sure, the drug is now legal for adult use in the states of Washington and Colorado, and is available on a medicinal basis in 15 others, but that hasn’t made things much easier for the small-business owners that grow and sell the herb.
In fact, their jobs are only getting tougher. Increased competition, spiraling costs and continued regulatory uncertainty are just a few of the problems that dispensary owners now face. Add to that the fact that cannabis prices have fallen by as much as 75 percent in the past three years, and you’ve got a market that’s ripe for upheaval. 

--snip--

“When we did our business model, I was anticipating $400 ounces,” she says, “so pretty much the day I opened the doors, the retail price of my product plummeted 50 percent. From day one my margins were 50 percent of what I thought they would be, and every day is a struggle because prices continue to drop and the competition continues to increase.”

--snip--


Time to offload on the Banksters........


http://finance.yahoo.com/news/marijuana-industry-faces-growing-pains-amid-consolidation--growth-214432335.html

[In_The_Wind]

1. Better days are coming!

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[Tuesday Afternoon]

2. DU Rec

[formercia]

3. $10 Bags

Breaks my heart.

[HarveyDarkey]

4. I remember when it was that price

a dime bag was an ounce, and it was good stuff too. A lot has happened in 40+ years.

[formercia]

5. Ramen n/t