How the cannabis industry lifts all boats

[wenshidi]

I have read numerous claims that the cannabis industry is a boon to the local economy, but have so far seen little hard evidence or accounting that backs this up.

 

What is this websites experience for example?  Have advertising revenues from dispensaries since legalisation gone through the roof ?  I see new shops open and close all the time, but learning if Thaivisa has been able to successfully leverage this cultural change, I will be much more convinced that some of the Anutin hype is actually valid.

 

Maybe the mods could chime in with some enlightening stats?

[KhunLA]

You want a website to tell us how much they make off it's members, for just being here and clicking on headliners.   Does explain some of te silly thread titles.   

 

Or the fees and or commissions for direct sponsoring / advertising, 

 

That's not going to happen.

 

Every click, every page opened with those annoying or any ads, usually generated income.  Surely it all adds up to a nice tidy sum at the end of the year.

 

Considering some of the silly prices some shops charge, they can afford what we may think are silly advert/sponsor fees ... or not.

Edited April 13, 2023 by KhunLA

[bamnutsak]

2 hours ago, wenshidi said:

I will be much more convinced

Meh. You don't really want to be "convinced".

 

The cannabis industry was not intended to "lift all boats".

 

 

 

 

 

 

[wombat]

So what your saying is you can't see the benefits of the best Kickstart to get the economy going after 3 years of covid that any govt gave their people?

I'm guessing you dont get out much.

[wombat]

8 hours ago, KhunLA said:

You want a website to tell us how much they make off it's members, for just being here and clicking on headliners.   Does explain some of te silly thread titles.   

 

Or the fees and or commissions for direct sponsoring / advertising, 

 

That's not going to happen.

 

Every click, every page opened with those annoying or any ads, usually generated income.  Surely it all adds up to a nice tidy sum at the end of the year.

 

Considering some of the silly prices some shops charge, they can afford what we may think are silly advert/sponsor fees ... or not.

Er...have you got a badge in your back pocket?

Your asking a lot of personal questions 

[LOWERCASEGUY]

You know advertising cannabis is illegal, right? 
 

From what I’ve seen, it’s created a lot of related business.  
 

For instance, I was looking at a display case in a furniture shop and the salesperson asked if it was for a cannabis dispensary because she said she’s been selling tons of them to weed shops.   
 

Sign companies, POS systems, commercial rentals, printers, packaging, etc, etc.  

 

Growers are buying lights, nutrients, commercial properties to indoor grow, etc.  

 

Look at it this way, if there are 3,000 new dispensaries and they each employ an average of 3 people, that’s 9,000 jobs that pay better than average.  I see jobs being advertised for Thais that start at 15,000 and go up to about 30,000.  
 

Plus all of those businesses need legal and accounting services and various other products and services to operate.  
 

My guesstimate, and what I’ve heard informally thrown around by cannabis business owners, is that it costs about 1 million baht to open a decent dispensary.  
 

If you’re talking about something like Wonderland, I wouldn’t be surprised if they’re in for 5 million to 10 million.  

 

So let’s say that each shop spends, on average 1.5 million to open their shop, with 3,000 shops, that’s 4.5 billion baht that entered the Thai economy.  
 

That’s not even including growers and increased tourism.  

[bamnutsak]

13 hours ago, LOWERCASEGUY said:

Sign companies, POS systems, commercial rentals, printers, packaging, etc, etc.  

Some of these grow operations are massive, with tens of thousands of individual plants per rotation, and employ hundreds (per site) of Thais, albeit in lower-wage jobs. These include construction of the facilities, and day-to-day operation.

 

 

[Seeall]

I'm in the cannabis business, and I can see why people might be skeptical about the industry and its effects on the economy; it's not researched enough. New shops are opening and closing because they lack the tools to effectively keep the business running. 

[SuwadeeS]

1 hour ago, Seeall said:

I'm in the cannabis business, and I can see why people might be skeptical about the industry and its effects on the economy; it's not researched enough. New shops are opening and closing because they lack the tools to effectively keep the business running. 

You made great points, it is indeed a low-researched topic. I'm in this industry as well, I see the potential, and I`m trying my best to integrate innovative technologies. 

I decided to invest in this budget-friendly cannabis processing gear, which helped me scale my operations and reduce my labor costs. It brought my production to the next level and it's definitely a tool that would keep me ahead of the market. 

Edited February 20 by SuwadeeS

[Pouatchee]

On 4/13/2023 at 9:02 AM, wenshidi said:

I have read numerous claims that the cannabis industry is a boon to the local economy, but have so far seen little hard evidence or accounting that backs this up.

 

What is this websites experience for example?  Have advertising revenues from dispensaries since legalisation gone through the roof ?  I see new shops open and close all the time, but learning if Thaivisa has been able to successfully leverage this cultural change, I will be much more convinced that some of the Anutin hype is actually valid.

 

Maybe the mods could chime in with some enlightening stats?

 

your post sounds like the narrator on 'The Curse of Oak Island'