Opening Ganja shop

[ezzra]

I'm offered a partnership in opening a Ganja shop in Pattaya with a guy who is a grower of the weed,

since i know nothing about this kind of business and not a user either, and that there're many shops in Pattaya

already, I was wondering what are pros and cons of such venture. 

[Denim]

Best wait and see who will be forming the next government. If Bhumjaithai are not part of any coalition then the future of legal cannabis has a big question mark hanging over it.

 

 

 

 

 

 

[FritsSikkink]

First wait what the new government wants to do about the law. Regulations could be a lot stricter very soon.

[BenStark]

6 minutes ago, ezzra said:

since i know nothing about this kind of business and not a user either, and that there're many shops in Pattaya

already,

That, on top of your always slagging off foreigners who engage in business with Thais, should be enough red flags already to stay clear.

 

 

[Stocky]

10 minutes ago, ezzra said:

since i know nothing about this kind of business and not a user either, and that there're many shops in Pattaya

That probably answers your own question.

[scubascuba3]

So does your business plan show a demand for another shop?

[Trippy]

Of course wait until the politics hashes out, but it is a good business if done properly. Either you need a great location with a lot of tourist traffic, or very cheap rent.

Also good genetics are not easy to find, so make sure he's growing top shelf, or the shop won't do well. It's pretty easy to find good weed online for less than half price of the shops, so you would need to stand out either with great weed for tourists, or great prices for locals.

Hit me up if you need an independant tester. I'm a experienced grower and 40 year smoker.

[ezzra]

Thanks for all the feed back so far, the kind and the otherwise ones, this is why i panned this question to this forum to hear the pros and cons, Keep them coming guys.

[Liverpool Lou]

10 hours ago, ezzra said:

I'm offered a partnership in opening a Ganja shop in Pattaya with a guy who is a grower of the weed,

since i know nothing about this kind of business and not a user either, and that there're many shops in Pattaya

already, I was wondering what are pros and cons of such venture. 

The weed shops are supposed to be licenced/registered to be legal and only Thais can do that.

[stoner]

10 hours ago, ezzra said:

I'm offered a partnership in opening a Ganja shop in Pattaya with a guy who is a grower of the weed,

since i know nothing about this kind of business and not a user either, and that there're many shops in Pattaya

already, I was wondering what are pros and cons of such venture. 

can you get me samples (ill pay) of said growers cannabis ? i will test it and you can know right away if it will be worth the time to open a shop or not. 

 

is he looking for you to invest ? 

[Hummin]

What is your share the estimated cost and role? 

[CanadaSam]

I laugh every time I see another ganga shop every 100 yards or so, like they're trying to compete with bars!!!

 

Mark my words, 80 percent of them will be bankrupt before the year is out, then you can buy a shop real cheap, if you want!!!

[Colabamumbai]

Forget it he needs your money. Too many shops everywhere, cant sell, prices down even further. Have a smoke. Everyone and their sister is growin in the wind. 

[ezzra]

The proposed offer came from a Thai guy i know for many years that has become a weed grower of a, according to him, high quality Ganja, he plans to open a shop in some large hotel on Pattaya's beach road that he know the owner, my part will be to invest the money to deck out said shop and nothing else,

but as many posters has advised, better wait to see where the new government is going and have a better business plan.

[stoner]

10 minutes ago, ezzra said:

has become a weed grower of a, according to him, high quality

how many years has he been growing for ? if it is less than 10 or 15 don't bother. 

 

for perspective. i have been growing for almost 15 years now (medical back home) and i met a true master grower last year. changed my whole view and what i thought i knew about growing etc. 

 

if you can please get me a sample of his high quality flower i will be able to tell you right away.  

 

or put me in contact with him i will order. 

 

but honestly there is a high chance your friend grows mids at best. like most of the market right now. nothing will separate his product from the rest. not trying to chop anyone down but odds are i'm not wrong. 

 

been at this a few years. 

[JayClay]

11 minutes ago, ezzra said:

my part will be to invest the money

So.... if he had a rock-solid business plan he'd be able to get a loan from a bank or experienced investor.

 

If he has been offered the money from elsewhere then you would need to question why he prefers you on board as opposed to the other institution.

 

If he hasn't been offered the money from elsewhere then you know already that this will be a high-risk venture and you need to keep that in mind when deciding if/how to proceed. 

 

 

[Skeptic7]

Don't mean to blow smoke in yo face, but WHY❓Do you need to work...bored...think it's a guaranteed winner❓(it's not) Seeing nothing but rude awakenings coming out of this. Foreign/Thai business partnerships have always been dicey and moreso now than ever. Thailand and unscrupulous go hand in hand. Also competition is stiff and you know nothing about this business. You're just another ripe for the picking money man. What could possibly go wrong? ????

 

If you go thru with it...best be prepared for the worst (fleeced). Truly hope it works out well. Best wishes. 

[Scouse123]

20 hours ago, ezzra said:

I'm offered a partnership in opening a Ganja shop in Pattaya with a guy who is a grower of the weed,

since i know nothing about this kind of business and not a user either, and that there're many shops in Pattaya

already, I was wondering what are pros and cons of such venture. 

Cons:-

 

1. You do not know the way the new government is going to go.

2. You are way too late to this party, this market is already stitched up by the big players.

3. You will attract the wrong type of attention, especially from the BIB

4. Partnerships  ' always sink at sea ' the Thai guy will be relying on your lack of knowledge , both of Ganja and the Thai language and Ganja laws.

5. If it was a good idea, your partner ' wouldn't need you ' he would do it alone and get the bank to loan him if his ideas were on solid ground.

6. If it was a great idea, the Thai owner of the hotel, his alleged friend ,  would be in there a lot faster than you.

 

Pros:-

 

NONE.

[Olmate]

As an Aussie you would know the saying "av a go ya mug"! 

[ignore it]

1. Investing with, partnering with, loaning... really means giving your money away.

2. "Investing" in a shop to sell something you don't use with someone who knows nothing about opening a shop and you know nothing about having a shop.

3. Open a shop where there are many shops already selling what you want to sell 

 

Now what could go wrong?

 

 

[ChrisKC]

21 hours ago, scubascuba3 said:

So does your business plan show a demand for another shop?

A business Plan is what you write AFTER you have researched everything including establishing if there is room in the market

[brianthainess]

There are no Pros. do you have a work permit is one needed?

[brianthainess]

2 hours ago, ezzra said:

my part will be to invest the money to deck out said shop and nothing else,

How much will that need?, what would the profits be? what is your share?, is there rent to pay to the hotel?, How long before you will reap any profit if any. ??? 

[Mr Dome]

23 hours ago, ezzra said:

I'm offered a partnership in opening a Ganja shop in Pattaya with a guy who is a grower of the weed,

since i know nothing about this kind of business and not a user either, and that there're many shops in Pattaya

already, I was wondering what are pros and cons of such venture. 

You were offered the opportunity because it isn't going well.

 

The shops you can see into from the street are mostly customer-free, in my experience.

 

Take a look in Pattaya. Perhaps, even a chat or two with the owner.

[Liverpool Lou]

1 hour ago, brianthainess said:

There are no Pros. do you have a work permit is one needed?

How could he have a work permit for a business that doesn't yet exist?  Even if it had been set up, he wouldn't need a WP to solely finance the business.

[brianthainess]

8 minutes ago, Liverpool Lou said:

How could he have a work permit for a business that doesn't yet exist?  Even if it had been set up, he wouldn't need a WP to solely finance the business.

Not even for taking money for sales?

[Liverpool Lou]

6 minutes ago, brianthainess said:

15 minutes ago, Liverpool Lou said:

How could he have a work permit for a business that doesn't yet exist?  Even if it had been set up, he wouldn't need a WP to solely finance the business.

Expand  

Not even for taking money for sales?

If he "took money for sales" he'd have to be working in the shop, not solely providing the capital, wouldn't he?

[digger70]

On 7/11/2023 at 10:27 AM, ezzra said:

I'm offered a partnership in opening a Ganja shop in Pattaya with a guy who is a grower of the weed,

since i know nothing about this kind of business and not a user either, and that there're many shops in Pattaya

already, I was wondering what are pros and cons of such venture. 

Be Smart If you don't know nothing about Weed and not much about Business  Forget that you being offered a partnership and leave it be.  

[Krabi King]

Any shop opening today is late to the party. Too much supply already. Exactly what happened in other countries in the world after legalization.

[Hummin]

3 hours ago, ChrisKC said:

A business Plan is what you write AFTER you have researched everything including establishing if there is room in the market

Have you seen a business plan on any prospects in thailand involving entertaining businesses? 

 

I have seen a few fantasy projects involving night clubs, where share holders falling off as they renovate and temporary deley their opening schedule. 

 

Socalled milking prospects, 

 

How stupid can you be to buy in to projects you do not know anything about, and have control except buying in with your solids! 

 

Good luck