Start A 420 Lodging Business - Business Ideas

Pat Walls

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Updated: September 15th, 2022

Start A 420 Lodging Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

The "420 lodging" business idea is a unique and innovative concept that caters to the growing demand for legal marijuana-friendly accommodations. With the increasing legalization of marijuana in various states, there is a growing need for hotels, resorts, and other types of lodging that allow the use and possession of marijuana.

To run this business, you will need to research the local laws and regulations regarding marijuana use and possession in your area. You will also need to secure a proper business license and follow all necessary regulations and guidelines. You may also need to invest in marketing and advertising to attract potential customers interested in staying in marijuana-friendly lodging.

The benefits of running a 420 lodging business are numerous. Not only is there a growing demand for this type of accommodation, but it also allows you to tap into a unique and niche market. With the increasing legalization of marijuana, this business idea has the potential to be very profitable. Additionally, you can differentiate your business from traditional lodgings by offering a more relaxed and enjoyable atmosphere for your guests.

Overall, the "420 lodging" business idea is a great opportunity for entrepreneurs looking to tap into a growing market and offer their customers a unique and innovative service. With the right planning and execution, this business idea has the potential to be very successful and profitable.

Starting a 420 lodging business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell 420 lodging services, or selling 420 lodging services online, you can use this page as a guide for everything you'll need to know.

Key Stats

market size

$87.1B

starting costs

$18.9K

gross margin

43%

time to build

270 days

growth

Organic social media

business model

Subscriptions

time investment

Full time

Startup Costs

	Min Startup Costs	Max Startup Costs
Equipment & Supply Expenses	$66	$1,200
Retail Business Expenses	$1,250	$11,650
Inventory Expenses	$350	$14,750
Advertising & Marketing Costs	$75	$9,636
Software Expenses	$0	$425
Website Costs	$13	$215
Total Startup Costs	$1,754	$37,876

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Case Studies

How I Went From Property Manager To Starting An $18K/Month 420-Friendly Airbnb

Hello Starter Story! I am the founding partner; Deontae Mack who created...

• $18K/mo

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Successful Businesses

Business	URL	Rank
420 Property: Cannabis & Hemp Real Estate Listings	420property.com	244,851
Hytiva : Learn About Cannabis, Find Strains, and Order Online	hytiva.com	262,178
Marijuana Business Conference & Expo	mjbizconference.com	279,011
American Hotel & Lodging Association	ahla.com	322,225
AKA	stayaka.com	380,431
Bud and Breakfast	budandbreakfast.com	772,576
420 Businesses	420businesses.com	1,333,559
Imperial Beach, CA	imperialbeachca.gov	2,140,698
Strawberry Fields	strawberryfieldscannabis.com	2,564,285
Sahara Wellness	420sahara.com	2,982,644
Motels.com	motels.com	3,203,162

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Pros & Cons

Pros	Description
Rewarding work	Starting a 420 lodging business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Meaningful business connections	You never know who you will meet as a 420 lodging business. This could be the start of an incredible business opportunity!
Daily physical activity	420 Lodging Business's typically involve a much greater degree of movement than other lines of work. Most days, you will spend your day walking, running errands for your business, and performing a multitude of tasks. This can have a positive impact on energy levels and your overall health.
Amazing perks and discounts	Working in the 420 lodging business comes with its perks! As a seller for these products/services, you typically also get to enjoy industry perks and discounts.
You are your own boss!	With starting a 420 lodging business, you are the one to make decisions for almost all of the operations. Calling the shots can be empowering and liberating!
Local Community	One of the best parts of starting a 420 lodging business is that you can develop a local following by selling your products at craft shows, farmers' markets, or even local storefront businesses! This gives you access to additional revenue streams and loyal customers.

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Cons	Description
Crowded Space	Competition is high when it comes to your 420 lodging business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Finding The Right Supplier	Most businesses in this space go the supplier/manufacturer route, which isn't a bad thing! However, finding the right supplier can take a lot of time, energy and trial/error. If done properly, this process can save you months (if not years) of time and energy. More on this below in the "finding a supplier" section.
Motivation of employees	If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Low margins	The gross margins for your 420 lodging business are typically around 43%, which can make it more challenging to incur new expenses and maintain profitability.
High employee turnover	In the 420 lodging business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.
Taxes	As a 420 lodging business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

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Marketing Ideas

1

Direct Sales

Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.
For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

Learn more about direct sales ➜
2

Word of mouth

Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.
Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.
According to Nielsen, 92% of people trust recommendations from friends and family.
Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.

Learn more about word of mouth ➜
3

Social Media Advertising

Social media advertising is the use of social media platforms to connect with your audience with the objective to build your brand, increase sales, and drive website traffic.
According to Oberlo, approximately 48% of the global population use social media, and the number is ever-growing.
Therefore, social media allows brands access to cost-effective advertising by enabling them to interact with a large audience.

Learn more about social media advertising ➜

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Key Stats

Startup Costs

Case Studies

Successful Businesses

244,851

262,178

279,011

322,225

380,431

772,576

1,333,559

2,140,698

2,564,285

2,982,644

3,203,162

Pros & Cons

Marketing Ideas

Direct Sales

Word of mouth

Social Media Advertising