11a- Idea napkin
Napkin Idea
YOU: I’m a Florida resident who is a victim of constant pain due to a car accident. After both of my grandparents, who also suffer from chronic pain, tried marijuana in a legal state, they were overjoyed with how much it helped them. After seeing this, compounded with being tasked with finding regulatory opportunities, I decided to take advantage of the inevitable legalization of marijuana in Florida. Although I’m relatively young in the entrepreneurial sphere, my wealth of real-world work experience for my age. My strengths include strong communication skills, reliability, and ability to work well with all customers, no matter their spending ability or background. I see this business as both an ode to and a service to my grandparents giving both them and myself the treatment we deserve.
What I am offering to customers: I am offering wholesale marijuana to customers, assuming the business is able to legally materialize in the state of Florida.
Who am I offering it to: As I learned in my interview, the best margins is wholesaling the product rather than selling direct to customers. As I am approaching this opportunity at more of a macro level, new and established storefronts within the state of Florida will be my customers as opposed to the general public.
Why do they care: It’s no secret that demand for marijuana will skyrocket once the legalization legislation passes in Florida. Because many storefronts will have already been established before grow houses in the state, they need to get their product from somewhere. I can be the connection they are looking for, bringing in product from other legal states (legally) to both make money and sell at affordable prices. Also, My business would specialize in getting varieties that are difficult to find, to fulfil the need of shops catering to higher income customers.
Core competencies: What sets me apart from everyone else is the unique opportunity to be first to market in an already proven industry and concept, which both eliminates risk and gives more opportunity for reward. Also, the varieties that I can acquire from other legal states will set my business apart from other wholesalers.
YOU: I’m a Florida resident who is a victim of constant pain due to a car accident. After both of my grandparents, who also suffer from chronic pain, tried marijuana in a legal state, they were overjoyed with how much it helped them. After seeing this, compounded with being tasked with finding regulatory opportunities, I decided to take advantage of the inevitable legalization of marijuana in Florida. Although I’m relatively young in the entrepreneurial sphere, my wealth of real-world work experience for my age. My strengths include strong communication skills, reliability, and ability to work well with all customers, no matter their spending ability or background. I see this business as both an ode to and a service to my grandparents giving both them and myself the treatment we deserve.
What I am offering to customers: I am offering wholesale marijuana to customers, assuming the business is able to legally materialize in the state of Florida.
Who am I offering it to: As I learned in my interview, the best margins is wholesaling the product rather than selling direct to customers. As I am approaching this opportunity at more of a macro level, new and established storefronts within the state of Florida will be my customers as opposed to the general public.
Why do they care: It’s no secret that demand for marijuana will skyrocket once the legalization legislation passes in Florida. Because many storefronts will have already been established before grow houses in the state, they need to get their product from somewhere. I can be the connection they are looking for, bringing in product from other legal states (legally) to both make money and sell at affordable prices. Also, My business would specialize in getting varieties that are difficult to find, to fulfil the need of shops catering to higher income customers.
Core competencies: What sets me apart from everyone else is the unique opportunity to be first to market in an already proven industry and concept, which both eliminates risk and gives more opportunity for reward. Also, the varieties that I can acquire from other legal states will set my business apart from other wholesalers.
Timothy, I think yo have identified an opportunity that could offer a serious payout, especially if you get into wholesaling like you mentioned. The legalization of marijuana is inevitable and I think you should work more on developing the actual logistics of selling so that you can take advantage of this opportunity when it becomes available to you
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