Did you ever wonder what your customers were doing right before or right after they visited your dispensary or rec store? Well they probably bought some concert tickets online because they plan on seeing Alice in Chains or Chance the Rapper. And what better way to see a concert than after visiting a cannabis store. So how would you like to get a piece of the ticket action?
Well we have come up with an easy to implement and cost effective way to allow you to provide those exact same tickets your customers were looking for. And as a cannabis business owner, it is an effective way to save money on your federal taxes at the same time.
You may ask now: “Why would I want to become a Ticket Scalper? I have a great business as a dispensary/rec store owner.” True, 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 second row and wants $1000 for them. Furthermore 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 the internet. They can be located by their customers and vendors when need be.
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. A reputable ticket broker are members of the Better Business Bureau, the Better Ticketing Association, and/or the National Association of Ticket Brokers.
What we are offering is a turnkey means to provide concert, sporting event, comedy and theater tickets from your own 24/7 online ticket broker website. Your customers can purchase premium tickets to sold out shows and hard to find seats. This from a database of over $8.5 billion worth of tickets. This service will be provided from a ticketing kiosk inside your store. The customer is able to select, pay for and arrange delivery or print their tickets from there and they can pay for the tickets using a credit card.
This service is handled by a third party so you are not bothered by credit card authorizations, customer service or delivery issues. All you do is put up signage that you now offer sporting event, concert and theater tickets inside. This service is seen by your customers as another reason to purchase cannabis from you.
The beauty of this whole system is that it puts a secondary legal business related but separate into the same location as your “illegal” cannabis store. Section 280E has been a very contentious point especially for retail cannabis operations. What 280E says is if you traffic in illegal drugs, which cannabis is still considered by the feds to be illegal, you cannot generate any normal business deductions outside of Cost of Goods. However, recent tax court cases allow the cannabis business to put in a secondary “legal” business related but not directly associated with it, in the same location as the cannabis business. The deductions generated by this secondary business are legitimately deductible. See Rationale for 280E Deductions.
So when your customer buys your product they can also buy their concert tickets. You will be their “One Stop For All Their Entertainment Needs.”