Drop Shipping in the Marijuana Industry
It’s no surprise that marijuana is bigger than ever. With the increase in states and countries legalizing recreational marijuana, there is more product to choose from including different edibles, Vape Dropshipping
of flower, vape oils, CBD, cannabis oils and much more. The more products out there, the more people can experiment and find the right one for them. For example, some people don’t want to smoke so they are moving on to vaping. Others have found relief in CBD as some cannot handle the high THC flower. All this has paved way for more marijuana users.
With more marijuana users, comes more businesses in the industry. This doesn’t mean there are more dispensaries and weed stores (although there are) but more ancillary businesses. When the gold rush hit, one of the most famous phrases was “During the gold rush it’s a good time to be in the pick and shovel business”. This means instead of trying to dig for gold, sell the item that everyone will use. In this case, instead of making money by selling cannabis from a store, you’re better off selling accessories and products for the producers, processors and retailers.
With the rise of the cannabis industry and ecommerce online sales, there is no reason why these two wouldn’t mix. There are many online smoke shops, CBD shops, vape shops, and dispensary supply sites popping up. Many of these companies are not holding any inventory. This helps free up a lot of time so you don’t have to package any boxes yourself. It also helps business owners focus and work on their business rather than worry about finding new suppliers or vendors.
Holding inventory is very hard for a business, especially one that is just starting out. When you just start, you want to make sure you have all your ducks in a row. This means business licenses, finding the right person to do your marketing, social media and more. This puts a strain on hiring the right people. Inventory can also kill your business if there is a slow cycle and your products don’t have quick turn around.Rincoe
Anytime a business lowers their overall overhead, they stand a chance to survive. With online businesses, you don’t need many things you do for a regular brick and mortar business like paying for rent, having extra employees, frontage signs and more.u2022eney7485yyWEEEEDD