The legalization of recreational cannabis use provided guidelines for the introduction of successful cannabis businesses. Which belong to a large number of sectors ranging from retail to logistics and transportation.
According to the Emprendedores portal, the following seven types of businesses have much to offer the cannabis industry in the coming years. Investing in them could be a great success.
B2B specialized logistics
One of the biggest problems of the cannabis industry is that its sales, transportation, and method of payment, in many countries, are not regulated, so it represents an illegal act. This makes business solutions of this type almost indispensable.
This is how Way, founded by Keith McCarty, a logistics platform that facilitates the management of cannabis supplies orders between companies, as well as their sale, transportation, and payment. All this by operating software.
The platform allows verifying the regulations in force in each country where it operates to ensure compliance with the law. According to the medium above, this business model is profitable. Still, it is necessary to meet specific requirements established by law to, on average, obtain an income of 15% of the value of each order.
Addressing the basic needs of a market segment is another way forward to undertake in the cannabis industry, primarily when the product is focused on improving health.
Such is the case of Daye, a startup founded by Valentina Milanova, who promotes a buffer with an analgesic that is manufactured with CBD, a non-psychoactive substance in the plant, which helps relieve pain.
According to the company’s website, the advantage of this tampon over traditional pain relievers is that it is more effective against pain because the vagina has the highest concentration of cannabinoid receptors that go directly to the bloodstream.
One of the main requirements for the regulation of cannabis in various countries is laboratory tests that certify the quality of the strain since this factor determines its effectiveness, price, and even its harmful effects.
It is worth mentioning that this business niche is one of the most hopeful for the publication, which states that it is possible to get the support of financial partners who, as in the case of the firm Cannalysis, has already received 22 million dollars.
An Italian company called Canapar works closely with the University of Alicante and Catania to improve the quality of cannabis cultivation and production, as well as its yield naturally.
That is, “without using pesticides, fertilizers, herbicides, genetically modified organisms, antibiotics, growth hormones — an approach to produce in a sustainable and environmentally friendly way,” as indicated by its website.
Social networks represent one of the most successful businesses in recent years. Thinking about it, Kannatopia emerged, a space free of stigmata, convictions, and criticism, in which its users can share their experiences with cannabis.
The requirements to open a profile in this social network are to be over 21 years old and that you like cannabis. In this network, users can find recipes, tips, and all kinds of content related to consumption and cultivation, which can be attractive to certain types of companies.
Funding for the cannabis industry
CannFundr is a crowdfunding platform to facilitate access to financing for cannabis business startups and advise investors interested in this market. This sector includes the analysis of which businesses can be profitable and which ones cannot.
Finding everything you need about cannabis in one place makes Leafly.biz a kind of cannabis UberEATS, where it is possible to buy from coffee to CBD-infused ice cream. There are other successful cannabis businesses in this industries too.
Among its catalog of available products are Cloud Creamery ice cream, Nirvana Spirits drinks, Spanish Cannawine wine, made with CBD extracted from organic hemp in the Ebro River Delta, cookies, creams, chocolates and more.