6 days ago The cannabis industry is rapidly growing, creating a huge business opportunity for entrepreneurs looking to break into the space. In addition to how to run a startup in the cannabis industry, consulting opportunities are out there to lend assistance to companies seeking to. The marijuana industry is on the verge of exploding within South Africa, there are numerous business opportunities you can start from your.
Industry Entrepreneurial Cannabis Opportunities the in
It was a world he was familiar with and a job he was successful at. So, he decided to take a chance and build something that did.
Now the twentysomething is the co-founder of Leaf Forward the first cannabis business accelerator in Canada. It helps founders turn their their weed-related ideas into reality. Many are already cashing in right now. The Toronto-based startup produces seed-to-sale software that manages plant cultivation, shipping, and purchases.
Prentice who launched a successful business based on this ingenious thinking. For techpreneurs looking to enter the space, the potential rewards are big. Everything from plant growing systems to weed patches and marijuana-infused edibles will require technical expertise. Jordan Rodness, the marketing manager for Emblem , sees a new world open up for tech startups interested in creating ancillary products that help businesses like his.
Processors take the plants grown by the producers and get them ready to turn into products for medical or recreational use. Once the finished product is created, you also need retailers to sell those products to consumers. You can do this in a storefront setting with basic products.
But Chistov cautions businesses from simply relying on the novelty factor to keep sales high. You have to actually sell a product that is going to be up to consumer standards, with proper packaging, preservation and all the other things that go into making great products in other industries.
There are also some states where retail businesses and other businesses that want to sell any cannabis based products need to go through distributors. Aside from just selling basic marijuana product, you can potentially get a little more creative in how you present your products. Marijuana edibles can range from cakes to candy and even hot sauce. You just need to be aware of the processes and challenges of creating, packaging and selling those edibles.
You can also potentially use marijuana as an ingredient in other products like soaps and lotions and then sell those items to consumers in a retail setting. Concentrates are potent marijuana substances that people can use with vaporizers or similar devices. You need some equipment and skill to be able to produce this type of substance.
But if you can do so, you may be able to sell concentrates to distributors or consumers in some states. Aside from the actual marijuana product, you can potentially build a business around selling accessories, like glass vessels, papers and trays. If you have the right equipment to keep the products fresh and protected, you can potentially offer your services in the delivery part of this process, either getting product from growers to processors or from processors to retail businesses or distributors.
Retailers and other businesses need packaging solutions that are protective, childproof and will keep products fresh. You can also potentially start more of a service based business in the cannabis industry.
You can start a hotel or lodging business where you also offer cannabis products to appeal to that specific customer base. You can also build a niche in the floral industry by starting a florist shop that uses marijuana plants along with other flowers and plants in its arrangements. There are many mobile app possibilities related to the cannabis industry as well, from those that locate dispensaries to those that provide information or even social features to users.
You can also potentially start your own social network aimed specifically at cannabis consumers. This could also present some unique advertising opportunities for other cannabis businesses. Since the cannabis industry is relatively new, the businesses involved still have a long way to go when it comes to finding the exact tools that really suit their needs.
Restaurants, retail stores and other types of businesses all have software programs made specifically to help them perform essential business functions. In addition, security has become a major concern for some cannabis businesses with an increasing need to protect their product and their profits.
Consumers also need access to information regarding the cannabis industry and the products available. So you could potentially build a business around providing reviews and other pertinent information to help consumers make informed decisions.
Trimming Marijuana Photo via Shutterstock. Are you a nurse in Maine by chance? I would love to do the same thing!
Marijuana professionals will have an abundance of business opportunities and challenges on their radar in What follows is an overview. There are TONS of opportunities in the legal cannabis industry, far too many to list with any accuracy, but in general all cannabis businesses fall into one of two. With the increase in the size and scope of cannabis industry, more business opportunities are emerging in the industry each day.