Top Tips to Help you Enjoy High Profits from the Cannabis Seeds Business Niche

As Canada finally ended the legal prohibition of recreational marijuana as of October 17, 2018, the many policy changes that needed tackling were addressed by the governments across the country mobilizing in order to make sure that the newly established pot industry will live up to the big expectations and hype surrounding legalization.

In the very peak of the post-legalization debacle, the cannabis seeds sales business niche was somehow left in the shadows of public awareness, as much more focus was put on dried marijuana flowers sales, as well as cannabis oils sales. And while many business owners have started investing in CBD oil and eyeing closely the hottest trends in the newly established Canadian pot industry, the canny business-minded individuals were already enjoying high profits from selling cannabis seeds by partnering with reliable wholesale seeds suppliers.

Cannabis Shortages in Canada: Bad News or Fantastic Business Opportunities?

Ultimately, with the lack of policy discussion on whether cannabis supply from already existing licensed producers will be sufficient enough as to meet the expected demand, shortages kicked in, leading to an estimated of $380 million in lost excise tax revenues, according to recent data shared by C.D. HOWE Institute.

Furthermore, an additional $426 million loss in federal and provincial cannabis sales taxes is highlighted.

In fact, in the case the entire cannabis market was to be legally taxed and supplied in the absence of shortages, total revenues from excise and sales taxes would be set at about $1.3 billion.

Anyway, with the projected cannabis supply shortage, tax revenues are estimated to be as little as about $ 490 million, or in other words, twice less than revenues that could have been accumulated provided shortages were prevented from ever happening.

Yet for the visionary business owners out there, shortages are not necessarily bad news, as they are a firm indicator of the huge, still untapped potential of the legal cannabis market in Canada.

When it comes to profiting from the cannabis seeds business niche, there are several tips that can help you rake in sufficient paybacks from selling “the magic beans.”

1. Quick delivery matters.

One of the best ways to boost profit from selling cannabis seeds is to make sure that your cannabis seeds suppliers are capable of executing quick deliveries.

In the next couple of years, the pot industry in Canada is about to remain in the very process of its shaping and development. Therefore, time becomes of crucial essence for business owners who are determined to step ahead of their competitors.

With this in mind, making sure that the seeds you are about to order will be delivered in a timely manner should be one of the pinpoints when choosing the wholesale partners to collaborate with.

2. Choose wholesale seeds suppliers who can grant you access to all seeds available in their seeds menu.

With the high demand for cannabis seeds in Canada, plenty of companies that promise businesses access to a wide variety of marijuana strains available to grow from seed have started to pop up.

Unfortunately, many of these companies are still newborn businesses, and so managing to sustain a full list of cannabis seeds that is always available for businesses to choose from and subsequently, to order, often tends to not be an option. This creates a lot of tension for business owners eager to grow their list of happy, loyal cannabis seeds customers, and therefore, the best way to enjoy high profits from selling marijuana seeds is to make sure that the wholesale suppliers you choose to partner with will be able to grant you reliable access to all seeds available in their menu 99% of the time.

Typically, bulk cannabis seeds buyers are blessed with the opportunity to save big when purchasing a big amount of marijuana seeds, thus, making up for a dependable supply. However, it is always best to play safe rather than watching your customers go shopping for cannabis seeds at your competitors’ stores, simply because your wholesale seeds suppliers have failed in granting you access to all the seeds available at all times.

3. Do not underestimate the power of good profit margins.

Back to the big savings related to purchasing marijuana seeds in bulk, even the newbie business owners out there know fair well that wholesale deals promise sweet rewards in terms of accumulated sales.

Not only that you shouldn’t underestimate the power of good profit margins but you should learn how to make these work in your best favor by polishing your marketing strategy through various special discounts and promos on selected seeds with the goal of attracting more customers and, in return, boosting sales.

4. Quality should be your top priority.

There is no way, simply no way for your cannabis seeds business strategy to succeed unless you offer your customers high-quality. You want to grant your clientele access to fresh, viable marijuana seeds that will give way to strong, healthy, vigorous cannabis plants making up for a pleasurable growing experience, and nonetheless, a bountiful harvest.

Quality seeds should arrive ready to sell at your store packaging, which also plays a crucial role in preserving seeds from damage, as well as ensuring easy and proper storage.

Do not forget to look for germination guarantee.

Last but not least, opt for a fine and diverse selection of cannabis seeds. This means having high CBD cannabis seeds available for sale, high THC cannabis seeds, as well as balanced THC to CBD seeds, to suit the different needs and preferences of the different pot users out there. Not the least, make sure to include a variety of Indica to Sativa strains.

Finally, a little bit of housekeeping: you must be responsible for storing cannabis seeds the right way, or else, you are the one to blame for selling low-quality seeds to your customers. Cannabis seeds are effortless to store for up to 2 years, as long as you keep humidity below 12%, avoid fluctuations in temperature and direct sunlight from damaging the seeds’ quality.

Once your customers purchase marijuana seeds from your store, don’t forget to ask them for a follow up once their harvest is completed. Doing so will not only help you gain tons of insights that you can use when convincing other customers to purchase “the magic beans,” but you will just as well pave the path towards turning any random customer into a loyal one, thus, enjoying high profits from the cannabis seeds sales business niche for years to come.