MJ Hybrid Solutions

Early Stage

Online sales training platform for retailers in the cannabis space.

Analytics

Raised to Date: Raised: $123,600

Aggregate Commitments $

Platform

SeedInvest

Start Date

11/10/2017

Close Date

02/02/2018

Min. Goal

$100,000

Max. Goal

$500,000

Min. Investment

$500

Security Type

Debt

Funding Type

RegCF / RegD 506(c)

Rolling Commitments $

Status
Funded
Reporting Date

02/28/2018

Days Remaining
Funded
% of Min. Goal

124%

% of Max. Goal

25%

Likelihood of Max
Funded
Avg. Daily Raise

$1,471

Momentum
Funded
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Location

San Diego, California

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

When a product is hot and new, retail education needs to keep up. However, that can be a challenge to do...especially when it comes to cannabis.

Now, MJ Hybrid Solutions is here to help! MJ Hybrid Solutions is an online sales training and cannabis education platform that aims to legitimize the cannabis industry through proper dispensary staff education and training. They want to educate cannabis retailers to help increase their profits, build customer loyalty, and effectively train their employees. Their platform includes tools designed for both managers and employees, and they provide ongoing, continuous support. Having this will increase legitimacy, liability, and customer loyalty -- all of which will then ultimately increase sales.

After all, there are millions of people who use dispensaries who don’t actually know exactly what they want -- and budtenders often aren’t as educated as they could (or should) be. To be specific, only about 50% of budtenders receive some type of formal training, only 20% have any medical background on the health effects of marijuana, and only 13% have had any education on the science of medical cannabis. Yikes!

MJ Hybrid is truly providing the solution. In their first 60 days of launching, they onboarded 15 dispensaries and over 200 users, with some experiencing an average of 10-15% lift in sales due to an increase in average purchase, as well as a lift in employee engagement and retention. And with North America’s cannabis market currently at $6.7 billion, with an annual growth rate of 27%, there’s clearly a demand for this service. Retail jobs make up 30% of the cannabis job market, and 250,000 new cannabis jobs are expected by 2020 as more states legalize cannabis. Just think about it -- Colorado alone has more dispensaries than Starbucks or McDonalds.

The bottom line is that for the future of cannabis to continue blazing profitably, there needs to be proper education and training. MJ Hybrid Solutions provides that. They’re paving the way for the future of cannabis…one marijuana employee and dispensary at a time.

“Who Should Be Interested in this Offer:”
Are you someone who wants the growing legal cannabis industry to keep thriving? Do you own a dispensary, work at one, or buy products from one? If you want cannabis to keep blazing a profitable path (pun intended), then investing in MJ Hybrid Solutions might be just what you need. Their education and training platform provides necessary and needed support for cannabis retailers...and it could be just the investment you’ve been waiting for.
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MJ Hybrid Solutions on SeedInvest
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Platform: SeedInvest
Security Type: Debt

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