Today an even more interesting and fascinating board and posts. (usually, seems just the same transparent nonsense)
Where would one start? "Business 101" possibly, except the problem to begin with, is this is "Cannabis Business 101". I think some do not have an understanding of either as well it seems..
Online CBD:
It seems many do not understand how simple and obscenely cheap this can be executed, as well as the mechanics of such, which would also address exposure and sales can be as simple as one agreement with a source that controls multiple locations. Does one believe they have to grow CBD in a facility (stupid) in order to accomplish this? lol....
Wholesale CBD isolate is available at record low pricing by the 1,000's of tons, which is convenient, as retail CBD products are fairly expensive. (per gram wholesale vs. retail mg's)
It is an extremely wise move by anyone who seeks to attempt such as the result can be a $50k or less start up reaching 8 figures in sale. The issue is distribution/exposure/penetration, which again, can be simple, or quite difficult. Depends on what distribution one can establish.
The above of course assumes they will be doing their own on site manufacturing (of the final product) and packaging. One also has the option of simply contracting that entire process out, and going with one of many large CBD manufactures who will provide all products and affix your labeling and deliver to you shelf ready cases of your specified products.
Hmmm......seems people aren't aware of those aspects. Didn't seems like it.
They're late on filings? So insignificant I personally won't even bother.
Then you have valuation issues. Seems people also aren't aware of the numerous LV cultivation sold in the past several months up to $30MM for facilities under 30k. (30,000 sq. ft. and under)
56k depped GH with staggered pulls ongoing? Just because $5MM was paid does not mean that's what it's worth with full production and distribution. It was worth more the second it got running full production.
LV dispensary licenses? 6 submitted in a stakeholder only process most likely with at least 2-3 declared within the next 30 days. Never see any discussion regarding the potential value of those either?
Cannabis Business 101. Welcome to it.
It's too personal to be business.
