10 Small Business Ideas For The Cannabis Market

The cannabis market is doing very well at the moment and it only continues to show signs of growth, with sales in the billions of dollars. It's a very lucrative market to get into and many people are looking for ways that they can cater to the consumers in this market so that they can make a profit for themselves.

From cannabis event planning to growing, producing, and more, here are a list of 10 small business ideas that relate to the cannabis industry.

1. Cannabis Farmer

This is a given in the cannabis industry but of course the very first step is that the consumer needs someone to grow this plant. There are many talented growers in a number of countries around the world already, who have been perfecting their skills over the years, and it's inevitable that many others will look to start growing as well. Even those who want to grow just a few plants at home for their own personal use. If you are in the right area, this could be a very lucrative small business idea that could potentially grow into something much bigger. Growers are the very first step in the process, their position is vital to the market.

2. Cannabis Consulting

From finding loans to getting insurance, locating distributors or producers, getting connected with the cannabis community as a whole is sometimes a daunting task and having a seasoned expert be able to guide you through it is a very valuable service that can be provided. A cannabis consultant is one great small business idea that could help those looking to get into the market, or those who are already operating in the market, branch out and make more connections in order to help them grow their business. Having in-depth knowledge of the cannabis industry is a value that can be provided because there are many people out there who would use this service for the convenience and efficiency of the information being provided.

3. Cannabis Employment And Certification

One area that needs to be met in the cannabis industry is one of employment and potential certification for growers etc. One idea is to establish a private means of certification so that individuals could demonstrate on their resume that they knew how to grow or were familiar with the cannabis industry if looking for a job in it. The cannabis staffing agency would also go in-line with this in helping the right people get connected in other to help the industry flourish and grow.

4. Cannabis Retailer

This is one of the most important positions because this is how the consumer is going to get their medicine. Retailers are an integral part to the entire market and they can make a decent income for themselves by catering to the cannabis market. Even though it's still not legal in many areas, a number of retailers have been exercising civil disobedience by continuing to sell the plant to the public; despite the fines and other retaliation they're received from the state. The battle in establishing this sort of business is a lot easier for others, depending on where they want to establish it.

5. Cannabis Chef

With the growing demand for cannabis there has also been increased interest in other cannabis products like cannabis edibles. Not everyone wants to smoke the plant and some prefer to eat cookies, drink juice, or ingest the plant in a number of ways by getting creative with the cooking process. Millions of dollars of edibles are sold just in California alone, with a growing market in Colorado, Washington, and other areas.

From lollipops and macaroons, to cereal treats and chocolate, there are vast options to choose from when it comes to the edible cannabis market and this is clearly a profitable small business idea. Cannabis chefs can also provide cannabis-themed dinner parties and more. For those who are looking to get creative cannabis-infused dishes, it's likely we will see more chefs learning to experiment with cooking with it in the future, so that they can meet that need.

6. Cannabis Banker

Right now, with the cannabis industry operating in sort of a foggy area, with it being federally prohibited but encouraged in a number of states for recreational and medicinal purposes, many cannabis businesses have trouble getting traditional loans from banks. This is a great opportunity for those with a little bit of extra cash to go around looking for lucrative investment opportunities. Many individuals have themselves decided to help fund a number of cannabis businesses and have themselves become sort of a cannabis banker by helping these startups get off the ground. For those who don't want to work within the industry but would just like to see a nice return, this could be a possibility for them.

7. Cannabis Accessory Maker

There are plenty of things that a cannabis smoker might buy aside from the actual plant itself, including things like pipes, bongs, rolling papers, and more. A great idea for a small business would be starting up a service that catered to this need, providing an array of creative and innovative products that could improve the cannabis experience for the user. Whether it's flavored rolling papers, innovative trays, ashtrays, and grinders, there are plenty of tools and other products that are needed in this market.

8. Subscription Box Service

This is a great business idea that can help provide consumers with a continually new variety of cannabis products to try for themselves. There are already services like this established in some areas and consumers that are on the subscription list will get a box that comes with an array of cannabis-related gifts like snacks, rolling papers, cannabis stickers and magazines, pipes, and more. Offering these boxes is also a great service that can be provided to not only individual subscribers but possibly large scale cannabis events, for festivals, even given as a welcome gift at a hotel or cannabis-themed bed and breakfast which is also a trend emerging in the cannabis market as well.

10. Cannabis Lodging

There are really cannabis-themed hotels, bed and breakfasts, and more. For the individual who needs to medicate with cannabis, it's likely that a lodging environment which makes them feel comfortable and welcome even if they medicate, is going to be more appealing to them than one which prohibits them from taking their medication or engaging in recreational cannabis smoking. Throughout Colorado and California there are a number of places catering to the market this way, and new ones opening up all the time.

11. Weed Florist

Is grandma sick? Why not send her a get-well cannabis bouquet? This is just one more way that an individual could get into the cannabis market and cater to the needs of the consumer in a very unique way. A weed florist would be a great niche for the floral industry that doesn't currently have anything like this out there at the moment. Why not have a florist that could also use cannabis plants along with other flowers in order to create new and innovative creations?

Source:
https://smallbiztrends.com/2016/10/marijuana-business-opportunities.html
http://fortune.com/2016/02/01/marijuana-sales-legal/
http://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2016/03/22/why-marijuana-businesses-still-cant-get-bank-accounts
http://smallbusiness.findlaw.com/business-laws-and-regulations/how-to-get-financing-for-a-marijuana-business.html
http://www.forbes.com/sites/debraborchardt/2015/05/19/cannabis-investors-growing-faster-than-the-deals/#693795b8399a
https://www.weedhorn.com/5-subscription-boxes-for-the-cannabis-enthusiast-1320423007.html