There are a lot of factors to running a business, however chief among them is the rule of keeping your overhead low.
Overhead is a term that describes all the official ongoing costs to keep your business open.
Things like rent, utility bills, purchasing up-to-date inventory, as well as paying your employees are all “overhead.” Periodically a business can make a nice profit on their sales, yet still lose money because the overhead is too high. This is the reason that cannabis dispensaries have to charge so much money for their products, because they have ridiculous overhead costs. On the other hand I am a one-man show, who packages, sells, as well as delivers cannabis with no overhead at all. The only reason I can make a living selling cannabis when there are several local, legal dispensaries, is because of the overhead. The cannabis dispensary may have superior products as well as better variety, however they cannot touch my prices. I make a important profit on all the weed I sell, as well as still charge half the price of the cannabis dispensary. There will always be a market for cannabis, especially when the retail prices are so high in the shops. I understand why that is, because a cannabis dispensary has to spend money rent, utilities, insurance, as well as a whole staff of workers. This gives me job security, because most of my customers simply can’t afford the high prices at the cannabis dispensary, so I am their only source of weed. I spend 50 to 60 hours a week processing as well as selling my cannabis, even though I am making excellent money as well as have no plans to stop.