Marijuana Industry

Marijuana Industry

Major Competitors:

There are three stores in Grand Rapids which sell Marijuana based products. We will analyze the sizes of them according to their review rates’ at Leafly, website, which is the world’s largest cannabis information resource. Leafly helps medical marijuana users about finding the best place to shop & learn about the processes etc. In terms of the review rates; the biggest competitor is The Third Day with 4.9 review rate, the second biggest competitor is Hand Grown with 4.7 review rate & smallest competitor is Michigan Relief Hub with 4.4 review rate. Since the rates are determined the shopper’s review, we think they are reliable to use.

While The Third Day & Michigan Relief Hub are defined as a medical dispensary, Hand Grown is defined as a medical delivery company. All of them update their product lists & information regularly and use the website actively. In contrast to others, Michigan Relief Hub has more professional standing. The Third Day & Hand Grown have more a friendship place appearance. Hand Grown has a website but no social media accounts. The Third Day & Michigan Relief Hub do not have a website, they both have an only Facebook page.

All three of them have different types of deals. The Third Day has daily deals. They try to attract consumers with these deals by announcing them regularly on Facebook. They also say that “Don’t have your medical card? We know about that too. Come in information.” There is no such a statement on other competitors’ profiles. The Third Day menu has 29 kinds of products which are in the $15-$360 range. Michigan Relief Hub has an only “$10 grams are back” deal and there are 14 kinds of products on their menu which are in the $15-$400 range. Hand Grown has a deal for first timers. They give the $ discount or extra bud depends on the customer’s wish. In contrast to others, Hand Grown has the narrowest options in their menu. There are just 9 types of products in the...