Why do I want to become a Ticket Scalper? I already have a good business in my dispensary/rec store. MJ Consulting Services is assisting Medical Marijuana Dispensaries and Recreational Cannabis Stores to integrate an online/offline event ticket brokerage into their existing locations. The purpose of this integration is twofold. One to offer more services to their existing clientele. Because how many marijuana users attend concerts and sporting events? The second reason is to help reduce the effects of Section 280E of the IRS Code on cannabis businesses.
I had a dispensary owner in Denver ask me how cannabis and concert tickets go together. I asked him if any of his clients ever bought the product, smoked it and then went to a concert? He said yea, all the time – well that’s how they are related. Seriously, selling event tickets from a cannabis business is an ideal adjunct to a dispensary or rec store. And with everything handled online and all customer service, payments and delivery handled by a third party you have nothing to worry about.
“So what is the difference in a Ticket Scalper and a Licensed Ticket Broker and who would want to be either one? I have enough image problems being in cannabis.” True, the cannabis industry has some heavy negative PR to overcome and that is happening with the proper marketing and advertising in place. A Licensed Ticket Brokerage business is a totally legal entity as it operates completely transparent. We guarantee our service and product 100%. However, who would want to be a ticket scalper – he is the sleazy guy running around the outside of the stadium or concert hall yelling that he has 4 tickets on the 20 yard line or first row and he wants you to pay $1000 for them. Needless to say you don’t know if the tickets are real or not. Well, that’s not us nor any real ticket broker. A legitimate, licensed ticket broker operates out of a physical location or on the internet. They can be located by their customers and vendors if the need arises. A ticket broker buys and sells premium event tickets to sold out shows and hard to find seats at a reasonable price. To have longevity in that business or the cannabis business or any business, it is important to treat your customers well and make them feel appreciated. That is our mission and goal for all our business dealings.
About Ticket Brokering
The ticket brokering business often gets a bad rap. Many people believe that ticket brokering is a business wherein the ticket broker hoards tickets, inflates pricing, and makes a huge profit. This isn’t the case. In reality, ticket brokers purchase tickets in advance with the hope that they will sell at a profit, which isn’t a guarantee. Often, they sell at a loss and/or get stuck with unsold tickets. That’s life. So how do they stay in the black? It’s a mixture of devoting effort and time while leaning on experience and luck. Everything is not sold at a profit or even sold. To stay in business the ticket broker has to sell more than he doesn’t and those sales need to be profitable. It is simple economics and sticking to your learning curve. With 20 years experience we have seen pretty much everything in the ticket business. Thus, a reputable ticket broker will be members of the Better Business Bureau, the Better Ticketing Association, and/or the National Association of Ticket Brokers. They have credibility and permanence.
To implement this secondary business scenario into the cannabis operation MJ Consulting is depending on the existing case law which allows a business to operate similarly to a home based business and take normal business deductions. We recommend to place the ticketing kiosk in the waiting area of the store. This makes this whole space the place of sale for your ticket brokerage along with the receptionist now acting as the ticket brokerage employee. The resultant ticket brokerage could allow anywhere from 10-50% of deductions in the form of normal business expenses. *
1. Basic Web Presence $90/month billed quarterly – minimum 1 year contract. Tax advantages 5-10% of operations cost write-off. Fully automated system.
2. Permanent Website Ownership for $3500
Tax advantage 8-25% of operation cost write-off. Customizable functional event ticket brokerage.
3. Online/Offline Ticket Brokerage – Platform Partner Fee of $25,000
Tax advantage 15-25% of operation cost write-off
Unlimited profit potential of secondary business.
Online businesses establishment predate 2008.
4. A Turnkey Managed Ticket Brokerage Franchise with resultant fees $5000-$15,000 per month on a sliding scale – This is paid from sales proceeds.
Minumum 6 month contract – Tax advantage up to 25% of operations cost write-off. This is completely hands off business managed by associates of MJ Consulting Services through EZ Ticket
To find out more about this unique opportunity or our branded coffee franchise enter your contact information in the upper right corner of this page or Call Your MJ Consulting Professional Today at 503-328-6929.