Business and Government Jonesing for a Hit of Pot Revenues

Constantine von Hoffman is a freelance writer and writing coach. His work has appeared in outlets such as Harvard Business Review, NPR, Sierra magazine, Brandweek, CIO, The Boston Herald, TheStreet.com, CSO, and Boston Magazine. He is also a stand-up comedian and published poet, who regularly gives talks on subjects from military history to Japanese animation. Go figure.

As the economy continues to wander around with a glazed look in its eyes, is it really any surprise that businesses and government are turning to marijuana for a fix?

The news that Scotts Miracle-Gro is courting the “medical marijuana” industry should come as no shocker. The only surprise is that the company is willing to say so publicly. Scotts Chief Executive Jim Hagedorn told The Wall Street Journal , ” I want to target the pot market . There’s no good reason we haven’t.”

Well, there was up until the Great Recession — the company didn’t need the money. Now things are different, and it doesn’t want others bogarting the revenues. (In a great piece of market research, Hagedorn says brand awareness can be seen in the number of times raids on pot-growing operations have turned up Scotts products.) Software companies have started selling inventory, point-of-sale and supply-chain-related software designed for the legal pot vending business .

Put this in your state budget and smoke it

The same argument is undoubtedly being made in state capitals around the nation. Michigan has turned an $8 million profit in the first two years of the state licensing medical marijuana patients and their caregivers. The state sells annual licenses at $100 each. And there is a lot of room to grow.  CNN estimates the state’s marijuana tax revenues could eventually hit $32 million a year. Nationwide, state pot revenues could hit $7.1 billion. That doesn’t include increased revenues from the sales of Doritos, Oreos and Visine eye drops.

Before I go any further let me make it clear that the argument for “medical marijuana” is nothing but a front. I am not disputing that pot has its uses. I’ve had relatives go through chemo for cancer, and yeah, pot was the only thing that helped. That said, the growth in sales of prescribed pot would require cancer clusters the size of Cleveland. Doctors are finding a very nice revenue source from the office visits to get prescriptions for the stuff.

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Business and Government Jonesing for a Hit of Pot Revenues

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eBay Selling Coach: Selling Medical Supplies on eBay

You may have found gently used (or even new) medical supplies at estate sales, garage sales, or thrift stores. Some of these items are perfectly legal on eBay. In fact, I recently sold this Orthofix Physio Stim Bone density stimulator for $119. This was a sale for a consignment client. This device is used to help bones heal after an accident or surgery such as a hip replacement. With our aging population and advances in medical care, the opportunities for finding re-sellable medical supplies will continue to grow. eBay does have limitations on the medical supplies they allow to be sold. No drugs or medications that require a prescription (of any kind, including by a vet) are allowed to be sold on eBay. They also ban most medical devices that require a prescription. eBay does allow sellers to offer professional medical devices as long as they sell them to authorized buyers and follow eBay’s requirements. Here are just a few of the medical devices that aren’t allowed – defibrillators (unless they are available over the counter), implantable devices (pacemakers, ventricular bypass devices, etc.), prescription glasses (except for vintage ones sold only as collectibles), contact lenses (regardless of whether a prescription is needed), and Electrical Muscle Stimulation (EMS) units and accessories. There are quite a few medical devices that are not allowed on eBay, so be sure to do your research.


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