Around our town, it is impossible to turn grindings into good mulch, then sell it, as the City already does this at their landfill. For probably 20 years, the City has had a recycling operation at their landfill. you do have to pay to dump chips, brush, and tree trimmings, of course. However, the city then has a contractor come in with a big Diamond Z grinder, and turn everything into small chips. The City then windrows everything, mixes in treated solid waste, and some piles get sand or topsoil. These are turned with a windrow turner, allowed to compost, and become nice mulch of various types. Yes, I have seen these piles actually catch on fire, and they are hard to put out when they get to burning.
The city then sells these various types of mulch for just a little over cost, and uses it themselves on all kinds of city projects. The low cost makes it impossible for anyone local to compete. There is a big company that grinds and makes mulch about 40 miles from here. However, they serve a different market. It only takes a few months of composting, to turn these grindings into nice mulch products.