CITIZEN TOKE NEEDS LESS THAN 1% PENETRATION FOR PROFITABILITY
3000 DISPENSARIES IN CA, CO, OR, WA -- THE INITIAL TARGET MARKET
An estimated 1,250 medical marijuana dispensaries are operating in the state, with sales last year hitting $2.7 billion, according to industry groups. http://www.latimes.com/politics/la-pol-sac-pot-dispensary-felon-owners-20160513-story.html
There are 698 storefronts you can walk into to buy medical or retail marijuana as of this April 20, more than triple the number Starbucks (216) in the state. http://www.postindependent.com/news/marijuana/marijuana-by-the-numbers-10-numbers-about-pot-in-colorado-that-dont-include-4-20/
OR: 424 http://projects.oregonlive.com/maps/marijuana/dispensaries
WA: 374 https://502data.com CITIZEN TOKE ONLY NEEDS 20 DISPENSARIES TO TURN A PROFIT
That is less than 1% -- .7% to be exact -- of the dispensaries in these 4 states that will be the launching ground for CITIZEN TOKE
At 9:35 https://upticknewswire.com/michael-tew-ceo-for-cannasys-talks-banking-industry-verses-the-cannabis-industry-in-america/ "CITIZEN TOKE... has a significant profitability profile. To the extent that we could gain scale relatively quickly... And for us, scale is 20 retailers. Because the product is so profitable, 20 retailers subscribing to the product, which we are pretty close to securing, is break even for us"
This was an interview from November, before the beta launch of CITIZEN TOKE
If CITIZEN TOKE already had 20 stores signed up 4 months ago, I wonder how many dispensaries have subscribed since then?
Remember that they are launching CITIZEN TOKE in partnership with Duby, which has 300 dispensaries signed up to use their business platform http://www.citizentoke.com