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Forum » Are legal cannabis dispensaries profitable? Srs
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Thread: Are legal cannabis dispensaries profitable? Srs

post 1647631483 09-23-2021, 02:12 PM
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Are legal cannabis dispensaries profitable? Srs

Would it be worth it to own one and collect the profits as a side income?
post 1647631623 09-23-2021, 02:13 PM
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post 1647631873 09-23-2021, 02:17 PM
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  1. LtGoose
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Cliffs:
- Fees, fees, fees, fees and more fees
post 1647632003 09-23-2021, 02:18 PM
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  1. Bluestar92
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My firm does taxes for the local dispensaries and most of them do not make money. A select few kill it though. We are expecting over half our clients to fold in the next few years as the local industry is just a couple years old. A lot of the successful ones have experience in other states and moved here after legalization and will sell their operation and move to the next state and do it again.
post 1647632083 09-23-2021, 02:19 PM
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Originally Posted By Bluestar92⏩
My firm does taxes for the local dispensaries and most of them do not make money. A select few kill it though. We are expecting over half our clients to fold in the next few years as the local industry is just a couple years old. A lot of the successful ones have experience in other states and moved here after legalization and will sell their operation and move to the next state and do it again.
Interesting. Any insight into the monopoly?
post 1647632583 09-23-2021, 02:26 PM
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Probably, there’s a chit ton of degenerates out there looking for their fix.
Sloots Gon Sloot.
post 1647632773 09-23-2021, 02:29 PM
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post 1647633033 09-23-2021, 02:33 PM
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Originally Posted By TheScapeGOAT⏩
Would it be worth it to own one and collect
the profits as a side income?
You’ve got a lot of material, butt munch.

Repped.
post 1647633393 09-23-2021, 02:39 PM
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  1. TheScapeGOAT
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Originally Posted By ChunkBuster⏩
You’ve got a lot of material, butt munch.

Repped.
Que?
post 1647634593 09-23-2021, 03:01 PM
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  1. Bluestar92
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Originally Posted By TheScapeGOAT⏩
Interesting. Any insight into the monopoly?
Lots of our clients who already have money went and put a lot of capital in their shops. Really hard to compete unless you find a niche.
post 1647634903 09-23-2021, 03:06 PM
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  1. SettingOff
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the market has become oversaturated now
post 1647635213 09-23-2021, 03:12 PM
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I know the state taxes the ever loving chit out of them. You would have to have gotten in early. I hear it’s hard to make money. What’s funny is it’s way cheaper now than it ever was when it was illegal.
post 1701903761 06-03-2024, 10:36 PM
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#13
  1. AlphaRoot1
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Yes, legal cannabis dispensaries can be profitable if managed effectively. Factors such as location, pricing strategy, product variety, and customer service can all impact the profitability of a dispensary. Additionally, staying compliant with regulations and maintaining a strong understanding of the market can also contribute to a dispensary's success. Overall, with proper planning and execution, legal cannabis dispensaries have the potential to be profitable ventures.

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