Starting a Marijuana Business: How to Sell Marijuana Legally

If you’re wondering how to sell marijuana legally, the answer is simple.

Marijuana is something that many people talk about because it’s cemented itself into mainstream culture. In recent years, it became legal to use marijuana recreationally across several states.

The recent legalization of marijuana has encouraged many business owners to start dispensaries. While a dispensary can be a great way to earn passive income, it requires a few more steps than a regular business does due to marijuana being the main product.

Read on to learn more about how to make money selling weed legally.

Get Insurance

One of the first things you’ll need to do if you want to make money with weed is to get your business insured. After you’ve chosen the location where you’ll operate out of, you’ll need insurance to cover the building in case it suffers from damage. No matter what kind of insurance you go for, you need to ensure that your employees will be insured if they’re hurt.

While associations like the National Cannabis Risk Management Association don’t offer insurance products themselves, they do sanction and examine various insurance products. Visit them for more information on their operations.

Get a Business License

The next thing you’ll need to do is get a business license. All businesses need this kind of license because it lets the government know that what you’re doing is safe and legal. Without a business license, there’s a good chance you’ll get fined.

You must also ensure that you’re selling marijuana in a legal state. If you’re not, you could end up going to jail and get charged with several felonies. However, it’s unlikely you’ll make it this far if you’re in a state where cannabis isn’t legalized.

Most cannabis businesses will get multiple licenses to allow them to do various things. For example, you need to get an extra license if you’d like to produce cannabis. One popular cannabis business, Planet 13 Holdings, boasts about having six cannabis licenses.

Hire Certified Budtenders

Budtenders are those that produce cannabis and interact with customers. For anyone wondering how to make money selling weed, having certified budtenders is one of the best things you can do.

All budtenders are required to have a budtender certification, which essentially proves that they know a lot about cannabis. Certified budtenders will be able to make educated recommendations to customers and they’ll know how to maintain your company’s cannabis.

Now You Know How to Sell Marijuana Legally

Opening a cannabis business can be one of the most profitable things an entrepreneur can do. Now that you understand how to sell marijuana legally, we encourage you to open a dispensary. You’ll make money a lot quicker than you would with most businesses and the process is simple.

Should you decide to open a dispensary, start by creating a business plan. Decide where you’ll set up a shop and go from there. After choosing a location, you can start looking into insurance, licenses, and hiring the right people.

Browse our articles if you’d like to learn more about business-related topics.


Consider These Ideas and Learn To Make More Money

Everyone could use a bit of extra cash from time to time. Unfortunately, it isn’t always easy to save for a rainy day. When you feel like you are living from paycheck to paycheck, it can be helpful to consider what options you have to improve your financial standing. One of the best ways to get more out of your finances is by increasing your income. Though it may seem like an obvious option, plenty of people struggle when it comes to understanding how they can make more money than they already do.

If you’re ready to start making more money for your future, now is the time to act. Consider these options and discover the answer you need to improve your current financial situation.

Start Your Own Business

Thanks to the internet, it is easier than ever before for the average person to launch his or her own business. Sites like Etsy, for example, have made it possible for artisans and crafters to sell their wares to the public without having to haul their goods from marketplace to marketplace. If you sew, paint, or are involved with similar activities, you might want to monetize your hobby. Consider how dedicating a few hours a week to selling your goods can stimulate your income and help you get ahead.

Before you start your own business, you need to weigh out the pros and cons of the decision. If running your own business on the side is going to be too much of an expense, then you should probably not take on this task at the moment. The ideal side project is one that does not cost you much to achieve and helps you net a bit of a profit on the side. Use your existing skills to your advantage. If you have a camera and know how to compose a picture, offer your photography skills for local events.

Invest in Real Estate

Another excellent option to consider when it comes to making more money is investing in real estate. Individuals like Roger Osteen Jacksonville developer have seen success because of sensible real estate investments. Osteen was able to achieve his goals because he focused on the market and seized opportunities when presented. While putting money into real estate might seem like a costly endeavor, it is entirely possible for you to see a big return on your initial investment. All you need to do is research your options and determine the best fit for your needs.

Jacksonville’s Roger Osteen was able to get ahead by investing in commercial real estate. Unlike residential properties, which only offer a one-time return on investment, commercial options provide several lines of cash flow. A commercial space allows you the chance to rent out multiple units at the same time to tenants. This allows you the ability to see consistent sources of income each month and boost your own savings in the process. Explore different financing options and determine if this type of investment is a good choice for you.

Get a Second Job

Taking on a second job can seem like a lot of work, but this is another area where the internet has made a positive impact. There are a ton of easy ways to make extra cash at your own convenience. Do you have a functional car? Consider being a driver for services like Uber or Lyft. Have extra time on the weekdays? Work for Instacart and you can shop for people’s groceries and make some extra money during the time you would otherwise be hanging around the house.

Making more money is not as difficult of a task as many people believe. In order to improve your income and get more from your financial future, take time to explore the options available to you and see how you can get started.

5 Expert Tips for Being Able to Manage Your Money More Effectively

Stress about money and finances afflicts many of us. Nearly 40% of Americans couldn’t pay an unforeseen $400 bill without going into credit or taking out a loan. With so many people struggling to make ends meet, learning how to effectively manage your money is more important than ever.

Unfortunately, there is no single formula that can be employed to make you financially stable. However, there are several tips that can put you on the road to managing your finances effectively and making your paycheck go as far as possible. Here are the 5 expert tips to help manage your money more effectively.

Make a Budget

The first step to becoming financially sustainable is to know how much money you are bringing in each month, and how much you are spending. If you are spending more than you are bringing in, then you need to make some changes.

A weekly budget will give you a clear idea on how much money you can spend on leisure activities each week and help you track your outgoings. By sticking to a budget, you can avoid going into debt and ensure you are putting enough aside to save for a long-term financial goal.

Establish Financial Goals

Everybody has long-term financial goals. These might be saving for a new car, a vacation, or to buy a property. Unless you clearly define these goals and set a timeline for achieving them, you will not be able to hit them.

As part of your budget, you should be setting aside a fixed amount of money to put towards your long-term goals. This should be set aside as soon as you receive your paycheck. It might help to open a savings account and set up automatic payments so that as soon as your paycheck clears the money set aside for saving leaves the account. This is an effective way to prioritize long-term financial security.

Establish a Passive Income

The rise of the internet has provided a wealth of passive income opportunities. From establishing a successful blog to drop shipping, affiliate marketing or becoming a social media influencer, the possibilities are endless.

For a list of passive income ideas that are really easy to do, click the link.

Axe Unnecessary Recurring Payments

One of the most common financial drains are recurring payments. Sure, when you signed onto the phone deal $40 a month didn’t seem like a lot. But 10 months later, you have paid $400 and the phone is no longer new.

Your recurring monthly payments should be the first things under the microscope when you are trying to get your finances in order. You should be asking yourself whether you really need that subscription; how many times you have used that membership; and how often you watch that streaming service. Anything that isn’t necessary should go.

Ask for Advice

Asking for financial advice is something few people do. However, as you become more financially stable, a financial planner can help you maximize your investments, boost your savings and help you hit those long-term financial goals.

You don’t have to use a costly financial advisory service. Many community groups offer free, independent financial advisory workshops and family members who are responsible with money are an underutilized source of free financial advice. Don’t be afraid to reach out when you are in need of assistance.

Simon Burns at Earnin is Rethinking Financial Products

Simon Burns is a Product Manager at Earnin focused on Growth and Consumer. Earnin is a cash advance mobile app that lets users get access to their pay early.

Earnin has been downloaded millions of times by users across the country. Earnin’s users use the case advances for gas, groceries or for any bill. Accessing your pay on the go is a clear need and one well served by this new wave of financial technology applications.

The hyper-growth of model’s like Earnin has led to a rethinking on behalf of many financial services players on how to respond. If users demand same day pay, how should they respond? Earnin’s innovative approach has pushed the frontier of consumer expectations.

Before Earnin, Simon Burns was at Opendoor, where he worked on Opendoor Mortgages, Consumer and Homes Services. Across these team he focused on tests to increase funnel conversion, expanding the Opendoor product to support Agents + Home Builders and growing our referral program.

Simon views the role of a PM as taking on the wall of information coming to an EPD team. Everything from business goals, to customer requests and contextualizing it so that engineers, designers and researchers can digest it and ideate together on the most effective solutions. 

Simon can be reached on Twitter, Instagram, ProductHunt or LinkedIn. His Github and Medium accounts are also active.

Top 3 Reasons Tech Support Helps Customer Experience

In all of it’s various capacities, tech support can bring the help you never knew you needed when providing the best service for your customers. Customers will inevitably run into problems while using your product or service. And if those problems are Information Technology (IT) related, a tech support team is who they will need to talk to. User errors, basic bug glitches, and other more in-depth technical issues are often a customer mystery and require knowledgeable help. Sometimes even setup and installation is tricky and requires technical support assistance. But without a tech support merchant account in place to handle these requests, your customers are left misusing your product and questioning your effectiveness. In fact, high churn rates are associated with businesses that don’t have a tech support staff.

So at this point tech support seems like a requirement to do business. If you’re not yet convinced, the following reasons are an outline of the perks to having a dedicated tech support team.

1. End Customer Confusion

Depending on your industry type and business offering, tech support might be necessary for your customers to understand just exactly how to use the functionality of your service.

For many online service providers or technology-based brands, tech support is essential. Customers may be using your company for the first time and be unfamiliar with you and what you do. They are going to have questions and run into issues…frequently. Offering remote options for support will lead to less confusion and more satisfaction.

Live chat options, customer technical support phone lines, or a dedicated email are easy ways to implement this.

2. Decrease Response Times

Despite the value tech support brings to a business’ offerings, not everyone has jumped on board yet with including these features. Tech support inclusion can culminate as the competitive edge that draws new customers in.

As soon as an issue arises, there will be someone on the line ready to assist. For a confused customer, this is a big relief. But it’s not only good for the users, it’s also great for customer retention. The response time for addressing customer issues directly correlates to happy users and greater retention rates.

This leads to the third reason a tech support team would help your business-

3. Keep a Healthy Retention Rate

You fought hard for your customers and naturally you want them to continue using your services. To do this you have to continue demonstrating your value even after securing a sale. While there are other ways of executing this, adding a tech support team is like killing two birds with one stone. Bird one demonstrates continued value while bird two provides support.

Set Your Business Up With Tech Support

There are two options moving forward with providing IT and technical support. You can provide in-house services or outsource it to an established company. Of course there are pros and cons for both options.

Pros and Cons for in-house support


– You have complete control over the user experience.– Requires a team to handle the amount of customer contact requests.
– The team in place will have pre-existing knowledge about your product or service.– May be more expensive than outsourced options.

Pros and Cons for outsourced support


– No need to hire, train, and manage an in-house team.– No control over the quality of support given.
– Often less expensive than in-house support– They will be operating without hands-on knowledge, only what you provide.


If you choose to continue with the in-house option, researching how to setup the team for success will be a huge help. Building the team, managing the support provided, and securing a tech support merchant account are all steps to be taken for your chance to add significant value to your business.

The Essential Startup Checklist to Set You Up for Success

20 percent of new businesses don’t live long enough to celebrate their first birthday. 30 percent don’t make it past two years and 50 percent don’t keep their doors open beyond five years. Stretch this timeframe to 10 years and the percentage of businesses that fail shoots up to 70.

Whichever way you slice this information, one thing is clear: the odds are stacked against startups.

Fear not, though!

Fortunate favors the prepared, which is why we’re sharing startup checklist you need to set up yourself for success.

An Idea That Solves a Unique Problem

The first step to starting a successful business is to offer a product or service that solves a real or unique market problem.

Thank of any successful startup you know. Doesn’t it offer a unique product or service?

Let’s take Uber, for instance.

The startup offers an online taxi-hailing solution, so people no longer have to go to a taxi station or flag one by the roadside. These days, the taxi comes to you. Yes, the startup is currently facing a boatload of problems, but with a reported $120 billion valuation, it’s pretty much the definition of success.

Before launching your startup, do a viability test to determine whether your idea and the resulting product/service have a strong market demand.

A Business Plan

A common mistake entrepreneurs make is setting up startups without a business plan. Don’t be like them!

Starting a business without a business plan is a sure way to fail. It’s more like building a multi-story house with a blueprint. It’ll likely crumble to the ground at some point.

As such, spend time on writing a business plan for your startup. Ensure it includes the following:

  • Executive summary
  • Company description – includes founder information ad business model
  • Organizational structure
  • Product and service offerings
  • Marketing and sales strategy
  • Capital needs and profit projections

A good business plan not only serves as a pathway to success but also make it easier to get funding. Potential investors will want to study your plan before making any financial commitments.

Adequate Capital

Now that we’re on the money vibe, another essential item on any startup checklist is adequate capital.

Your business plan will flesh out the amount of money you need to launch the startup and keep it on its feet until it’s generating enough revenues to sustain itself.

However, chances are high you lack enough money to start a business. What should you do?

The good news is there are a couple of ways to finance a new business. You can crowdfund on platforms such as Kickstarter, borrow from friends and family, take out a personal or business loan from an institutional lender, or reach out to equity investors.

Regardless of the source your turn to, ensure you have access to enough capital before opening your startup. Don’t work under the assumption your business will start generating profits soon after opening. It’s possible to burn through cash for several months or even years without turning a profit, so a sizeable stash of cash in the bank will keep you going.

Co-Founder Agreement  

If you have a co-founder, you might want to sit down for this:

Studies show startups with two or more founders have greater odds of success, raise 30 percent more capital, and grow their customer base 3 times as fast. Indeed, Google, Facebook, Apple, Twitter, and several other successful companies were founded by more than one person.

However, co-founding can be a recipe for disaster, especially when disagreements crop up. To prevent future problems, it’s important to thrash out co-founder agreement before you establish your company. This should clearly identify each founder’s roles, responsibilities, and liabilities.

With an agreement in place, it’s easy to iron out issues and even fight off legal challenges in a court of law.

Permits and Licenses

In September 2018, Lime, a $1 billion scooter startup was denied a permit to operate in San Francisco. This is just one of the many startups that go out of business because they’re unable to secure the appropriate permits and licenses.

The lesson here is you need to ensure your business is properly licensed and has the relevant permits before launch.

Also, it pays to do a study and try to forecast how regulatory changes in the future will affect your business. If you’re in an industry that’s prone to regulatory shifts, it’s best to proceed with caution. In some cases, it might be better to abandon your idea entirely than pump money into a startup that can be shut by a change in regulations.

The Right Business Insurance

Entrepreneurship is all about taking risks.

If your startup fails, you’ll lose money. If your product causes harm to consumers, they’ll slap you with a class action lawsuit that can render you bankrupt. If an employee sustains an injury on the job, you’ll have to compensate them for their pain and any loss of income. The risks are endless.

Luckily, you have the power to transfer the risk to another person. All you have to do is purchase the right business insurance. Be sure to learn more about the various insurance products for businesses and identify the ones your startup needs.

Don’t Launch Without This Startup Checklist!

Although the failure rates for new businesses are on the decline, a lot rides on your preparation before launch.

With this startup checklist, you now know the bases you need to cover before your startup opens its doors to customers. And, this list is by no means exhaustive. Depending on the nature of your business, there are other additional details you might need to take care of before opening.

Good luck and keep tabs on our blog for more business lessons and tips.

Various Ways to Add Tradelines to Your Credit Report

For a layman, understanding tradelines can be difficult unless an expert explains more about what they are. This term is used to refer to the credit accounts that people hold. Those with credit accounts can be considered to have tradelines in their credit history. However, not all tradelines get to appear in your credit history, and this can affect both your credit score and history.

According to financial experts, people should focus on adding tradelines that are positive and avoid those that are negative. This is useful for the future when a person or business would like to obtain credit or loans. So, how can a person go about adding tradelines to her or his credit report? Follow this article to find out more information.

Open New Credit Accounts

People shy away from opening a credit account. But one benefit of this is that you create an opportunity to build positive credit history through the new account. This tradeline offers a chance to boost your credit score as well. A credit score can increase with the increase in available credit. A word of caution on this matter is to only open a new line of credit that you will be in a position to repay without any constraints. Defaulting would be a problem, and you would end up causing negative tradelines.

Add Existing Accounts to Your Credit History

Another excellent way to add a tradeline to your credit history is through the use of existing accounts that belong to others. If you have a rich uncle, aunt, cousin or friend who has been repaying loans on time and taking care of c

redit responsibly, you can ask her or him to add your name to a line of credit. This move will be a significant boost to your credit history with almost immediate effect. However, you need to maintain good credit on your existing credit and repay bills on time to avoid damaging the credit score of the other person and, consequently, yours.

If you do not know how to go about this, you can seek help from credit score experts on the website. They have all the know-how and recommendations about what to do. While doing this, do not forget to keep monitoring your credit report to understand the progress and detect any challenges on time.

Adding Other Bill Tradelines

The tradelines of some bills like rent can now be added to your credit history. In the past, this was not possible. After thorough consideration, financial authorities in many countries now consider this to be an important tradeline that many people can use to their advantage. The majority of people pay their rent on time, and this tradeline provides an excellent boost to the credit score. You need to choose one reporting service in your country and let them forward your credit report to the credit bureaus.


Now that you know how to add a tradeline to your credit history, it is time to do it. It is important to have your credit history accurately recorded for the sake of your future. As you do this, remember to track the score through the credit bureaus because this offers you the information on file at any one time.

A Tropical Investment: Here’s What You Should Know Before Investing In Caribbean Island Real Estate

Whether you’re looking for a vacation home or a great retirement spot, purchasing Caribbean island real estate is a lucrative opportunity. Who wouldn’t want to live out their days enjoying a sunny day on the ocean? 

Making this real estate investment is an excellent idea, but you need to make sure you’re fully informed before you sell your old house and move. The last thing you want to do is buy a home that turns out to be a financial drain down the road. 

Read on for four things you should know before purchasing real estate in the Caribbean.

You Might Not Be Able to Work There

Depending on which Caribbean island you have your eye on, it’s not a guarantee that you’ll be able to find full-time work there. If you were planning on truly relocating, this is a major factor to keep in mind. 

In Jamaica, for example, it’s easier to find work if you’re a citizen of the British Commonwealth. If not, however, you’ll have to apply and be approved for a work permit before you leave. This means Americans can’t just fly down to Jamaica and expect to get a job. 

Puerto Rico, on the other hand, is a territory of the United States, so there’s no work permit required. 

Photos Can Be Misleading

We’ve all seen the pictures of a home that looks absolutely perfect. It’s right on the beach, with a gorgeous view of the ocean, and lots of space between you and your closest neighbor. The real estate agent is raving about it. Should you buy it? 

Here’s the thing — photos can be misleading. That fantastic ocean view might not be visible from your house and the house itself could be in a state of disrepair. 

You should always see the house yourself in person before signing anything. 

Weather Is Important

The image of the Caribbean is of a place where it’s always sunny and the weather is eternally perfect. However, the reality is that it rains a lot on Caribbean islands — and hurricanes are a real threat. 

Make sure your house won’t flood in case of heavy rains or storms so that you don’t get a nasty surprise down the line. 

Not Everyone Is Trustworthy

Because the Caribbean is such a fantastic place to live, there are a lot of pseudo-agents out there trying to make a quick buck off of unsuspecting investors. Not everyone who claims to be a real estate agent actually has the credentials or ethics you’re looking for. 

Be discerning in who you work with and avoid people who seem eager to push you into a deal you don’t want. You’re better off working with an organization like Strong|Edge Realty to make sure that you’re doing business with someone who has your best interests in mind. 

Invest in Caribbean Island Real Estate

Deciding to invest in Caribbean island real estate just might be one of the best decisions you ever make. Following the advice in this post will help you make sure that your new home is the house of your dreams — and not a nightmare waiting to happen. 

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