The Best Marijuana Business Ideas To Consider. If you are looking to get into the marijuana business and you don't yet have any ideas about what you want to do, then we have some of the best marijuana ideas for you to consider. These are business ideas that can work for anyone with an interest in the cannabis industry.
In 2019, it is the right time to get into the industry because as it stands now, the industry is growing exponentially and you should consider the role that you will play by offering some of the best product and services to targeted consumers.
As the marijuana industry emerges, you will already have built a foundation for your cannabis business. Believe it not, more states will be legalizing weed in the coming years and you don't want to be left behind. In 2016, the cannabis industry gained $6.9 billion in revenue and it was thirty percent more than the year before.
And experts project this number to get to $21.6 billion by 2021, which is only a year away. With such a lucrative market, no wonder so many entrepreneurs are lining up to get a piece of the pie and you can too.
According to research, cannabis is the scientific name for marijuana. It comes in various forms, but the main strains are India, Ruderalis and Sativa. Cannabis plant is used in many ways and for different things.
Oil can be extracted from the cannabis plant to make different products for medical patients. The buds can be grounded and used to make joints.
There are other methods of creating cannabis products such as oil and concentrate, edibles, infusion and more.
With so many people relying on cannabis for an alternative method of treatment for certain illnesses, no wonder entrepreneurs want to be part of this phenomenon. Below are some ideas to begin with.
The Cannabis Farm
With so many states legalizing cannabis in the United States, find one of those states to go open up a cannabis farm. You could begin with states like Colorado or California where there are a lot of establishment that cater to tourism. You could do farm tours by leveraging the tourists that are already coming to these states.
You could grow cannabis in a greenhouse or hydroponic facility and facilitate your tours to show the progress of your operation to those tourists who might be interested. Of course, you will need to be licensed to operate.
Most production of cannabis is done by major corporations. However, there are many consumers that prefer to buy products from smaller companies. Why? Well, some of those consumers want to know where and how their products are being processed; whether in a controlled facility or not. You can own a facility that does only cannabis processing, especially if you have no interest in cultivation or growing.
This is one of the marijuana business ideas that you should consider. Your responsibility in this would be to get the cannabis dried, preserved and packaged and labeled; ready to hit the shelves.
You could also consider having a delivery service as a marijuana business.
Make contact with local dispensaries and farms to find out if they need a secure delivery service for their products. Getting it to consumers that live in remote areas or who do not want to visit a dispensary after order will create an opening for you as a marijuana delivery business.
You might need a small vehicle or use your existing vehicle since the products won't be so bulky to deliver.
Edibles are becoming popular, especially since not everyone loves to smoke. If you love to bake or cook, this would be a perfect marijuana business idea to consider.
You can bake cannabis cookies, cannabis brownies and make other snacks infused with cannabis. You can sell it to dispensaries in your local area.
Other marijuana business ideas include making and selling beauty products and accessories, plan cannabis events, use your cannabis consultation expertise, use your artistic skills to make storage containers or sell cannabis seeds; just to name a few.
The sky is the limit to what you can do. Let your imagination flow.