Top 8 Marijuana Business Ideas
May 3rd, 2017
With recreational and medicinal cannabis becoming increasingly legal in the United States, the marijuana industry is growing at an unprecedented rate. In addition to this growth being good news for cannabis investors and enthusiasts, it’s providing a vast range of opportunities for entrepreneurs looking to tap into the pot business. But with so much uncharted territory and so many opportunities on the horizon, it can be tough to hone in on the most viable options.
If you’re like so many who are interested in starting a marijuana business of your own but don’t know where to begin, start by reviewing this list of promising cannabis business ideas.
Of course, without production there would be no product, so the cannabis production business is a viable opportunity to be sure. Essentially, this means farming and growing the plant, which will then be sent elsewhere to be processed and sold. That said, this tends to be among the most popular options people are exploring, so you’ll want to be sure you have the horticultural knowledge and experience to stand out from the pack.
If you’ve ever dreamt of running your own store, then getting into cannabis retail is a worthy consideration with a few different opportunities of which you can take advantage. You can opt for a full-on brick and mortar in a storefront setting, or save money on overhead costs and try your hand at online sales once the plant’s legality and accessibility widen.
Edibles are gaining popularity among occasional users and seasoned vets alike, which gives an edible business plenty of market potential. And because edibles can come in near-infinite forms — ranging from candy to peanut butter to lemonade — there’s no limit to the kinds of product you can introduce.
You certainly don’t have to sell the plant to get in on the cannabis boom. In fact, not selling the plant will avoid the licensing and banking hiccups growers and distributors are currently facing. An accessories business that sells vessels, grinders, trays, or the myriad other cannabis tagalongs is a great option that has a plethora of opportunities depending on your interests, and it doesn’t involve the bureaucratic headaches of touching the plant itself.
Marijuana florists are beginning to pop up everywhere in the industry. And it’s just like it sounds: flower enthusiasts discover and share creative plant and flower arrangements for individual, group, or event sales. For the most part, this largely untapped and growing niche is forging its own path, so this is a particularly stellar option for the most creative at heart.
All of the new businesses in the cannabis industry mean that there are a lot of business owners out there looking for software programs that will make their unique line of work easier. So, if you’re a software developer, getting into cannabis is something you definitely want to consider, and it can look like anything from consulting to full-on app development.
Due to the large cash flow generated around cannabis and the frequency with which the plant is transported, there are significant opportunities around cannabis security. A company that can streamline the transportation process and does it in a way that ensures cash and plant will be safe and protected, is a company that can expect to do very well.
If you love planning and organizing events, then a cannabis event planning business is a great option with endless potential. Maybe it’s cannabis-infused weddings you’re interested in, or perhaps developing a painting class with marijuana as the muse is aligned with your skills. You can even organize weekly cannabis bike tours. Your only limit to the types of marijuana events you can plan is your imagination.
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About CFN Media
CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
CFN launched in June of 2013 to initially serve the growing universe of publicly traded marijuana companies across North America. Today, CFN Media is also the digital media choice for the emerging brands in the space.
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