Marijuana Business Daily – Marijuana Business Factbook 2016
Archive : Marijuana Business Daily – Marijuana Business Factbook 2016
Now Available: Marijuana Business Factbook 2016
- 275 pages, with over 200 Tables & charts of exclusive financial data
- Covers 24 states (including Washington DC), plus data from Canada and other countries
- Data from 930 Execs and Investors
- 100% satisfaction guaranteed
Completely revised and updated, the Marijuana Business Factbook 2016 is packed with exclusive financial data, legal info, consumer research and useful stats for U.S. cannabis industry entrepreneurs and investors.
The Marijuana Business Factbook 2016 is an indispensable tool for those running and investing in cannabis businesses as well as those planning to get involved. Everything in this edition is new, from the charts to the state overviews to retail sales estimates and projections.
You’ll find all-new information including:
- In-depth financial data for different operational models within each sector, such as infused products makers that perform all their own extractions vs. those that buy wholesale.
- Third-party data on wholesale cannabis pricing trends, regulatory and compliance issues, and point-of-sale transactions.
- The average number of full-time vs. part-time employees, the number of states that companies in each sector serve, typical mark-ups between retail and wholesale marijuana, actual returns realized by cannabis investors, and much more.
Click here for the full Table of Contents, including a list of each chart and graph.
The Marijuana Business Factbook 2016 also provides a detailed profile for each medical and recreational cannabis state (as well as Canada), covering everything from legal info and patient/consumer stats to sales potential and exclusive analysis of the business opportunities and concerns for each region.
Financials
The Factbook includes cannabis industry-wide financial stats and forecasts, as well as specific numbers on costs, time-to-profit, revenues and profitability for five key industry sectors:
- Dispensaries and retailers: including data on dispensaries with associated grows vs dispensaries that buy all their product wholesale; plus, new consumer market research.
- Professional cultivation operations: including data on caregiver growers vs. larger wholesale growers
- Edibles & infused product makers
- Testing labs
- Ancillary businesses: including products and services sold to growers and retailers.
State-by-State Profiles
Unlike most industries in the U.S., the cannabis business varies significantly by state, county and even city. Each market has distinct and often widely varying laws and regulations that define the operational environment and associated business opportunities (or lack thereof).
Our state-by-state profiles tell you what you need to know – including state laws, number of dispensaries/retailers, customer stats, estimated sales potential and what to watch for.
Plus, you’ll also get our exclusive Business Stability and Business Opportunity ratings for each state allowing marijuana enterprises, to help you pick where to startup or expand to.
Market Research:
Incredibly useful for retailers and dispensaries, growers, edibles and infused product makers and paraphernalia suppliers, the Marijuana Business Factbook 2016 includes exclusive market research data for 2016 – based on an annual consumer survey that includes the responses of nearly 1,000 business owners, executives, entrepreneurs and investors.
Their input helped give us a window into operational data for six key sectors of the industry: retail, cultivation, infused products, testing, ancillary technology/products and ancillary services. Additionally, survey responses serve as the backbone of an entire chapter on funding and investing.
What is Internet Marketing?
Internet Marketing Explained
Internet marketing is the promotion of a company and its products or services through online tools that generate leads, drive traffic, and boost sales.
Also called online marketing or digital marketing, internet marketing relies on digital channels to distribute promotional messages.
Internet marketing is an umbrella term that covers a wide range of marketing strategies and avenues.
From emails, search engines, social media posts, and blog articles, there’s one common theme among all of these tactics: They all focus on delivering content.
With content marketing, gone are the days of hopeful sales pitches and traditional marketing.
Now, businesses can target their audience with pinpoint accuracy and provide useful information that resonates.
This is perfect because that’s exactly what today’s consumers want.
People don’t want to hear about products and services that don’t interest them.
From installing adblockers to clicking on “Skip Ads” buttons, today’s shoppers are more discerning about the information they’re willing to consume.
Content marketing delivers meaningful information that solves users’ problems and is accessible on consumer demand.
Content Marketing vs. Traditional Advertising
Can you believe there was a time when salesmen knocked on strangers’ doors to sell encyclopedias?
Today, we don’t even like it much when our friends knock on our doors unannounced.
The fact is, traditional marketing (or selling) doesn’t work anymore.
Its approach is to essentially push products and information onto people to pressure them into buying.
And frankly, people are over it.
You know it’s true because you yourself have been bombarded with radio ads, television, commercials, billboards, and even phone calls touting products that don’t interest you in the least.
While traditional ads may still work in some situations, the internet has changed the way consumers shop.
Now, armed with infinite amounts of information at their fingertips, users can take a more proactive approach to finding solutions to their problems.
They can search for the products that meet their needs — and avoid the ones that don’t.
We can all agree that ads are annoying. They interrupt our focus and take us away from our journey of finding content that is actually useful.
Not only that, they’re no longer the way people want to learn about new products.
Rather than intruding in consumers’ lives, brands and marketers need to take a different approach.
Move your business forward with content marketing
Enhance your online visibility, reach new customers, and drive sales with this all-in-one content marketing toolkit.
They should ask questions first and give answers second, rather than the other way around.
That’s where content marketing comes in.
Brands can research the specific needs of their target audience and create tailored content that inspires, educates, or alleviates a problem for their prospects.
Through a series of searches, people can find that online content on their own terms, rather than having it forced on them.
If the content provides value, they’ll keep returning for more.
With content marketing, the user is in the driver’s seat. They decide whether they want to engage with the brand and share the information with their social network.
This enables businesses to develop deep, meaningful relationships with their audience that are based on trust and authority.
When they decide they’re ready, those loyal followers can convert to leads – on their own terms.
This is what happens when you put the consumer’s needs above your own.
When you deliver content with the intention of providing valuable information, you’ll be rewarded with their business (and their loyalty) in the end.
Fundamentally, that is what internet marketing is all about.
But Why All the Hype Around Internet Marketing?
You understand what internet marketing is and how it’s beneficial for your brand.
But what’s with all the hype around it?
Internet marketing isn’t just a fad. It’s a proven winner.
Here are some reasons why brands and marketers are shouting it from the rooftops:
- By the end of 2021, the global content marketing industry is expected to reach $412 billion.
- Consumers who read a piece of brand content are 131% more likely to buy from that brand versus consumers who read no content.
- Fully 49% of B2B buyers said they are relying on content now more than ever to make purchase decisions.
If that wasn’t enough proof, I can tell you from personal experience that content marketing is highly effective.
I’ve seen my own small business grow in ways I never could have imagined, so we focus 99% of our efforts on content marketing.
Marijuana Business Daily – Marijuana Business Factbook 2016
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