Entrepreneur

What This Medical Marijuana Company Can Teach You About Getting Buzz

After raking in $100,000 every month, competitors opened up nearby, resulting in high times fading.
Source: Point Loma Patients Consumer Co-operative

The mere mention of medical marijuana elicits all sorts of jokes. But it’s a real business -- and when it’s not going so well, it can really harsh your mellow (sorry), as it did with. The San Diego-based dispensary opened in August 2015, and increased by about $100,000 every month for a year. But as competitors opened nearby, Point Loma’s high times faded (sorry again). 

You’re reading a preview, subscribe to read more.

More from Entrepreneur

Entrepreneur2 min read
Make A Million Dollars In A Weekend?
Noah Kagan was the 30th employee at Facebook, the fourth employee at mint.com, and has started many successful businesses of his own. Now, his company AppSumo does nearly $100 million in annual revenue. Along the journey, he says he’s discovered some
Entrepreneur10 min read
Top Franchises for Diversity, Equity & Inclusion
A franchise is most successful when it reaches a wide variety of communities—and to do that best, it needs to bring a diversity of voices and experiences into its franchisee and corporate-level ranks. That’s why, for the third year, we’ve chosen the
Entrepreneur2 min read
The Skills You Never Knew You Needed
“I underestimated the importance of discernment. Early on, we had what seemed like a dream client—but red flags started to emerge. They were going through some internal strife, and their executives were contradicting each other, which bled onto our t

Related Books & Audiobooks