Starting a cannabis meetup requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell cannabis meetup, or selling cannabis meetup online, you can use this page as a guide for everything you'll need to know.
|Min Startup Costs||Max Startup Costs|
|Office Space Expenses||$700||$6,900|
|Business Formation Fees||$600||$3,200|
|Equipment & Supply Expenses||$63||$200|
|Retail Business Expenses||$0||$7,200|
|Training & Education Expenses||$0||$1,000|
|Advertising & Marketing Costs||$0||$1,200|
|High Tide Inc. – The Rising Tide of Cannabis||hightideinc.com||#246,435|
|The Arcview Group||arcviewgroup.com||#392,669|
|Ability to start your business from home||It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!|
|Little startup costs required||The cost to start a cannabis meetup costs significantly less money than most businesses, ranging anywhere from 1,701 to 37,915.|
|Rewarding work||Starting a cannabis meetup 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.|
|No overhead costs||To get your cannabis meetup started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!|
|High customer retention rates||Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.|
|High margins||The gross margins for your cannabis meetup are typically around 80%, which is considerably high and allows you to grow your business and manage costs easily.|
|Crowded Space||Competition is high when it comes to your cannabis meetup, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.|
|Work can be inconsistent||As a cannabis meetup, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.|
|Isolation||Often times, as a cannabis meetup, you typically work alone and do not have much face-to-face interaction with other team members.|
|No safety net||Typically, as a cannabis meetup, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times.|
|Niche Market||A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.|
|You may need to charge sales tax||If you are selling your products in various states, you may be required to charge sales tax. Although this may not impact your financials specifically, it can be a headache to create a process and procedure for this. To learn more about sales tax, check out [this article](https://www.thebalancesmb.com/do-i-need-to-collect-sales-taxes-in-my-state-398913)|
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.
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.
Pay-per-click (PPC) is a performance-based marketing method that allows you to show specific ads for services or products oriented to a very defined target, with the goal that the user visits your website or landing page.