(Dropouts, college students and low income workers)
Other dealers and high budget potheads
It takes a while to build a customer base, but it starts with you. It takes time to develop devoted customer and you need to be a reliable dealer. There are several steps. If you’re wondering where to find a customer base, that starts with you. The best and easiest way, is of course through work. Shitty jobs, like restaurants in particular, or other low income establishments are prime for targets, people who smoke weed all the time or do harder drugs. The other scene is the party scene, bars, clubs and house parties are where people sell harder drugs. Another scene to contend is fellow drug dealers, someone who snorts coke and sells it might smoke weed from time to time and will ask for it. The last of course, are colleges, universities, high schools, places where the young are, tend to be places where people want to do drugs.
Yearly income: $20,000-$45,000
It’s far better to sell marijuana in bulk because there’s less risk. Instead of doing a dozen separate drug deals, you can just cash in by selling all your product in one big deal. Although you will make a little less profit, you will reduce your risk tenfold if you sell bulk. Let others break it up and sell it for scraps. Of course, you can do small deals too, but selling marijuana in bulk is how you should make most of your money .
That means, your marijuana deals should play out like this… You should place the marijuana in a secret location before the deal. Then go up to your customer, greet him/her and have them front you the money. You should say “thanks for paying me back” (if they are wearing a wire, it won’t look suspicious in court that you accepted money). Then leave the scene and call them and tell them the location of where you stashed their weed. Therefore, if you do get caught, it looks like you gave them the marijuana as a “gift” (or at least you can argue that in court). If the customer is unwilling to front you their money, then whisper the stash location in their ear (a wire won’t pick this up).
For example in California; less then an ounce (28.5 grams) is just a $100 fine. Which means, outside of your home you should never carry more then 28.5 grams or you could be looking at up to 6 months in prison. Let’s look at another example, In California, if however you are caught selling, you are screwed (which is why you should sell to reliable customers). But… there is an exception. If you are caught “gifting” less then an ounce (28.5 grams), your only looking at a $100 fine. Aha!
Potential Yearly Income: $80,000 to $250,000
Now, of course a marijuana deal involving an ounce is not as high risk as one involving a couple of pounds. Remember your two biggest threats are people attacking you for your marijuana and undercover cops.
Drug dealing is all about money, this will help you to get more money.
He found a second partner from New Jersey, however, someone with a bit more capital who was willing to spend $1.5 million to build a growing facility from scratch in a rural area. It’s set to open early next month, and it will employ five full-time employees as well as some auxiliary help, like trimmers. Those workers will earn around $45,000 a year, Franciosi says, which is a pretty good deal considering those jobs don’t require a college degree.
On paper, Brian makes next to nothing, about $15,000 a year. He has an LLC officially set up in Delaware, where taxes are lower, and now employs an uncurious accountant and a handful of deliverymen to do the schlepping he’s grown tired of doing himself.
Add the two inevitabilities of legalization and consolidation together, and it seems unlikely that tomorrow’s teens will even be afforded the choice of becoming either becoming sandwich artists or dime-bag-slinging outlaws. Perhaps they’ll all be working at either the Starbucks of weed or actual Starbucks.
But were any of those dealers I knew making any real cash? With so many weed dealers roaming America’s campuses and 7-Eleven parking lots, is the market too crowded? And has the loosening of weed laws helped or hurt dealers looking to get rich? To find out, I hit up people in both the illegal and legal marijuana trades to see who—if anyone—was cashing in.
“Twenty years from now you won’t go into a store and ask for a gram of Khalifa Kush Bubble Hash, you’ll ask for a pack of it, or a box of it,” Miller says. “Everything will have been sized accordingly. The measurements by which it’s sold will have changed. As soon as there’s federal legalization, the tobacco, alcohol, and pharmaceutical industries will all get into cannabis.”
Because Darren was wiling to haul ass around NYC for the tiniest amount of money, people started hitting him up slowly but surely. The fact that he doesn’t smoke made it easier to turn a profit. When he and his partner doubled their money, they went back and asked for two ounces, and managed to haggle for a discount. Two weeks later, word had spread to other dealers in the area.
Brian tells me that he knew quite a few people who had been robbed, which highlighted one of the big downsides to selling weed illegally. The thought of that looming risk, coupled with his comment about big timers having connects with Cali, though, made me wonder about the other side of the weed business—the legitimate side. Was it easier to make money selling weed the legal way?
I guess that makes sense. After all, there are huge companies like Anheuser Busch InBev that swallowed up many other businesses on the way to becoming global conglomerates. Just in 2015, ABIV bought the largest independent operation in California, Heineken bought 50 percent of Lagunitas, and MillerCoors purchased most of Saint Archer Brewing. It stands to reason that the economics of the weed industry will eventually resemble those of the beer market.
I started with a college student I’ll call Darren. The Manhattan native got into selling weed two years ago when he was behind on rent. He and a friend pooled together $120 each and bought an ounce from an old high school buddy, then went to Ace Hardware, bought some baggies, and started offering delivery for orders as low as $15.
When I was growing up, drug dealers always seemed to have cushy jobs that were a license to print money. But what are the actual economics behind the legal and illegal sides of the marijuana industry?