The less diligent dispensary owners will most definitely make blunders that jeapordize their business or seriously hurt.it.
I have interviewed with a few groups now and they all want the same thing...
Tons of Buds!
They are so clueless. They expect a grower to come in and produce 50lbs a month!
I have also ran into the bullshitters too. A guy produced a pound at home on his e&f table and now is getting a head grower job.
He told me how he is going to set the place up and not only is he screwing the dispensary and himself, he is screwing the patients cuz he won't be able to produce. You would think that dispensaries would talk to as many growers as they could before hiring one.
Sorry for the rant, it just pisses me off.
Worth the rant but that is only a small part of the problem.
The 2yr master is taking over in AZ.
None of these dummies knows what is takes to run a real facility. Let these businesses come crashing down...
Maybe that is why they are so appealing, they know as much as the dispensary owners. I can only imagine the god complex in this scenario...
That is what happens in the real world when you don't know jack about an industry.
Just because there is cannabis growing does not mean you will be making money.
A lb per light promises are only that, open ended promises.
These owners have no idea what they are getting into let alone the plant count needed to sustain the state patient population.
The average of patients per dispensary dictates a specific amount of product.
The typical 10kW-20kW facility will not meet the demand. Not even close!!!
I suggest to any of the registration certificate holders to look for growers/associations who have all the figures laid out for your business.
Those are the people who know what the fuck is going on and what it takes to stay above water in this industry.
The rest are not professionals and will be the typical stoner employee.
I would not be risking my investment and businesses longevity with what majority of the growers have to offer...(Esp. if the farmers markets are dicating the quality to come; minus one or two booths.)
Good luck finding an organized group out here that is not already spoken for.
If by some miracle there are a few available, I would rethink my current approach and lock that in a contractual agreement instantly.
Otherwise, all the perseverance to obtain a dispensary will all be for nothing..
The owners who are not cultivating have no idea what their potential profit margin is going to be, they are fumbling around in the dark.
Please show me a business model that relies on competitors success in order to prosper....
Some of the winners are lucky real estate agents, good luck making any money not producing your own medicine.
Suppliers know what they have and they intend to make money with their business plan. Compassion is in the wind for these folks.
Sad but understandable, look out how our state officials are handling this dispensaries. With all their scare tactics, they have set up a situation were a the get rich quick schemes seems to be the best bet.
Prices are going to be outrageous the first few years. I have spoken with producers who intend supply the state and their figures are extremely high/ ($3500 -$5200 an LB Wholesale of sub-par medicine)
CFCC was saying $350-$500 and ounce prices, w/o a break that is anywhere from $5600-$8000 a lb. NO MONEY WILL BE MADE IN THIS SCENARIO.
Get a CPA over here and crunch some numbers. At these prices dispensary owners will be lucky to make a few thousand dollars profit a year, after all the expenses are paid for, if that..
This does not even begin to scratch the surface of this issue...
How do these owners intend to procure these Lbs?
Cash.... Not only have a lot of these winners exhausted serious funds to get to where they are today, now to stock their shelves they need to come out of pocket 10's of thousands of dollars? With no profit margin available.
I think not..
Business owners need a slap in the face if they do not see the huge dilema here.
$40 1/8's is only $5,120 lb.
Not to mention without caregivers growing medicine and supplying dispensaries the black market will be more affordable.
Currently the state only has 800 CG's, but the 25 mil rule will quash that number.
To summarize: The patients and small business owners are fucked.