Thursday, June 30, 2016 2:07:17 PM
Business model is very simple.
Can you find similar machines on the market for BLANK's type of cigarette?
A few companies are selling them, in Colorado and Ohio.Those are stationary machines, very hard to transport, plus some of them have a meter and they charge 3-4c per cigarette. Costs: 15-30K
As i understand, mCIG will offer a smaller machine, that can be easily moved from one location to another. Now, they can do the service or create a business opportunity.
When they do service, imo they will make more money. Huge benefit to dispensaries, cost saving.
Drawbacks I see. Maintenance. They have to be careful. Also, I think, they will go with Rollies's brand, and start pushing it in Nevada. Not many growers are growing in Nevada now. I know, it is hard to establish a brand, and MCIG was never successful. May be they will combine resources with other established brand who do not have a presence in Nevada.We will see.
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