How much do you charge customers? I found I struggled with setting up pricing in my cannabis dispensary.
I got my business to the point that it was legal and above board.
I had a fully functional building with glass display cases waiting to be filled. I then stalled at what products I wanted to offer and for how much. I looked at other dispensaries and I realized I had no clue if they were charging the right amount. It seemed wrong to just hope everyone else was charging right. I also know that my cannabis product sales are what will keep my business afloat. I don’t want to overcharge and lose customers but I don’t want to undercharge and lose my dispensary. I finally called a medical marijuana business consulting service. The medical weed consultant was really good at laying out pricing for me. He talks about the average income that people in my state make. We went over taxes, inflation and what demographic I am appealing to. I finally got a definite price list of what I should charge and what I need to charge in order to keep the lights on. It didn’t take very long for my medical weed consultant to get it all squared away for me. It was such a relief to have that questioned answered intelligently as well. I now know that some of my competition is grossly overcharging for inferior products. I feel more confident than ever about my cannabis store. I really feel that I am going to knock out some competition.