If you live in a state that has legalized the sale of marijuana for medicinal purposes the thought of opening a store may have occurred to you.
In fact, as of this writing, twenty-three states and the District of Columbia currently have laws legalizing marijuana in some form.
It even looks like Wall Street may be throwing their hat into the ring with the large number of investors starting marijuana related businesses.
An amazing fact is that the medical benefits of marijuana date back to 1850 with some of ailments it has helped including:
- nausea
- rheumatism
- labor pains
- and most recently glaucoma
Although marijuana is well known for its ability to heighten euphoria (this is the "high") and help you to relax its side effects can be:
- decrease short term memory
- impaired motor skills
- increased paranoia
Despite these side effects worldwide use is estimated to be about 162 million. It is also state that 22.5 million people use marijuana daily.
Let me rush to add that fact that since 1990 approximately 17 million Americans have been arrested on marijuana charges. In 2010 there was an increase in marijuana related arrests that represented an increase of 800 percent since 1980.
But How Much Does A Marijuana Store (Dispensary) Make?
Nearly 60% of dispensary owners who responded to a recent industry survey said they take in $500,000 or less in annual revenues, according to first-of-its-kind data in the newly released Marijuana Business Facebook, published by MMJ Business Daily. A fair share (27% of all respondents) reported sales of between $100,000 and $250,000, while 15% said they bring in less than $100,000 a year.
More than a quarter of dispensaries in the survey reported annual revenues of more than $1 million, and another 15% said they generate between $500,000 and $1 million.
Marijuana and Prohibition?
Yes, the parallels between Marijuana use and the early years of alcohol prohibition are obvious. The powerful incentive of being able to tax American citizens for marijuana consumption, and taking the financial incentive for illegal marijuana sales, gives the legalization argument momentum.
Is Mobile Marijuana Delivery Rival the New "Food Truck"?
This remains to be seen. But, in general, a delivery service tends to have less restrictive regulations and be easier on the whole to establish. It's cheaper to run, quicker to set up, and you don't have the physical limitations of a brick and mortar location.
How You Can Make Money with Marijuana
Right now a large number of people are looking for information on "how to make money with marijuana."
Remember, that there a dozens of ways to make money online with information (digital products) on marijuana. This approach is much less expensive and can make you money much faster than working through the legal hassles of an offline marijuana business.
For more information go to: