3 Lids Consulting Launches iPhone App with Business Calculator

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Consulting Business Launches First Medical Marijuana App for Entrepreneurs

3 Lids, a medical marijuana property consulting business, announced today the launch of their free iPhone app: 3 Lids Marijuana Biz Calculator. The application is the first of its kind to provide several calculators and a book to enable future dispensary owners with the tools necessary to determine the costs of a start up store.

The 3 Lids Marijuana Biz Calculator available on iPhone, iPad and the iPod touch was designed for entrepreneurs interested in starting their own medical marijuana dispensary. Features of the app include a start up calculator, which factors the cost of rent, materials, security systems, marketing and other important expenses of opening a dispensary. 3 Lids have successfully set-up and assisted with the development of over 100 dispensaries while providing licensed real estate agents, brokers and attorneys throughout the process.

The Biz Calculator provides a Medicine Margins Breakdown tab to calculate the approximate margins on products and estimate average sale profits. The calculator provides key information such as: cost per pound and average cost per gram. The dispensary entrepreneur inputs other essential information including: grams of product, average sale per patient, grams in average sale and average paid per gram. These calculations will then estimate the net margin and profit percentage per gram.

Similar to the Medicine Margins Breakdown, another feature of the application is the ROI Calculator. Inputting much of the same information as the previous tab, the ROI Calculator factors in the entrepreneurs invested dollar amount and monthly-anticipated expenses to determine the dispensaries monthly net earnings, cost of medicine, net profit and loss, and the investment recovery.

In addition to the calculators, the application offers listings for current dispensaries and cultivation rooms available for sale. 3 Lids consulting utilizes their knowledge and expertise of the industry to locate smoke shops and hydroponic stores with medical marijuana friendly landlords.
3 Lids consulting is the premier medical marijuana consulting business taking the medical marijuana industry to a higher level. Download 3 Lids Marijuana Biz Calculator for the iPhone -http://tiny.cc/3LidsCalculator.

For media requests or to schedule an interview with a 3 Lids Consulting spokesperson, please contact Jennifer Mclaughlin at jennifer@amgmediamarketing.com.

About 3 Lids Consulting:
3 Lids is the leading medical marijuana property consulting business based in Irvine, California providing available listings for dispensary buyers and sellers. Since 2009, 3 Lids has consistently met the needs of their clients and taken the marijuana industry to a higher level by providing the necessary resources and tools to pursue involvement in cannabis businesses. Licensed Real Estate Agents and Brokers, who are experts in the field, negotiate the purchase and sales of the assets and management of medical marijuana dispensaries. For more information on 3 Lids consulting, please call (949) 444-5086 or visit http://www.3lids.com.

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Jennifer Mclaughlin