420 Lodging Business Success Stories [2024]
The "420 lodging" business idea is a unique and innovative concept that caters to the growing demand for legal marijuana-friendly accommodations. With the increasing legalization of marijuana in various states, there is a growing need for hotels, resorts, and other types of lodging that allow the use and possession of marijuana.
To run this business, you will need to research the local laws and regulations regarding marijuana use and possession in your area. You will also need to secure a proper business license and follow all necessary regulations and guidelines. You may also need to invest in marketing and advertising to attract potential customers interested in staying in marijuana-friendly lodging.
The benefits of running a 420 lodging business are numerous. Not only is there a growing demand for this type of accommodation, but it also allows you to tap into a unique and niche market. With the increasing legalization of marijuana, this business idea has the potential to be very profitable. Additionally, you can differentiate your business from traditional lodgings by offering a more relaxed and enjoyable atmosphere for your guests.
Overall, the "420 lodging" business idea is a great opportunity for entrepreneurs looking to tap into a growing market and offer their customers a unique and innovative service. With the right planning and execution, this business idea has the potential to be very successful and profitable.
In this list, you'll find real-world 420 lodging business success stories and very profitable examples of starting a 420 lodging business that makes money.
1. Vibesbnb ($216K/year)
Deontae Mack, the founding partner of Vibesbnb, came up with the idea for his cannabis-friendly lodging service after noticing a lack of communication between hosts and guests regarding cannabis consumption on Airbnb. Seeing an opportunity to cater to the growing cannabis tourism market, Mack and his team created Vibesbnb, which has handled over 5,000 reservations and earns $13,000 to $18,000 in monthly booking revenue from its 160 properties.
How much money it makes: $216K/year
How much did it cost to start: $18K
How many people on the team: 1
Vibesbnb, a cannabis-friendly lodging service similar to Airbnb, has handled over 5,000 reservations related to cannabis tourism and generates a monthly booking revenue of $13k to $18k, offering a community that eliminates smoking fines, cancellations, and discourages police activity centered around the possession of cannabis, and recommends a framework of policy to host and guest.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
