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Online Business Ideas

Marijuana is one of the fastest growing industries in the United States. It’s also gathering steam in other parts of the world. According to ArcView, a marijuana research firm, cannabis industry recorded increased growth sales of $6.9 billion in 2016 alone. This represents a 33 percent increase from the previous year sales. The same firm projects that marijuana sales will hit $50 billion by the year 2026. These statistics show that the marijuana industry, contrary to popular view, is on an upward trajectory. This is, without a doubt, the right time to profit from the marijuana business. If you’re looking to cash in on this boom without having to grow or directly sell this weed, here are marijuana business ideas you should contemplate

  • Weed florist – One of the most unexplored yet rewarding online business ideas

  •  We recommend you to see more online business here.

With marijuana becoming commonplace due to its medicinal capabilities, conservative societies are beginning to appreciate it. There is a visible gap in the marketplace right now, as no one is confident enough to introduce cannabis flowers to wedding ceremonies. You can inject a little bit of your creativity by infusing cannabis plant with other flowers in a unique arrangement sell to wedding planners or decorators.

  • Developing apps related to the marijuana industry is among the smartest online business opportunities you can leverage

You can tap into the marijuana industry by developing an app related to the same. Since marijuana has been substantiated to reduce the effects and cure certain medical conditions, more and more people are searching out for just about anything about marijuana. You can develop an app that brings news about the weed, location of marijuana dispensaries, where to find active marijuana forums, the latest marijuana products, and social marijuana events. This app can turn out to be the go-to place for people searching out for anything marijuana. Better still, you can develop such apps and sell.

  • Develop a social network – Among the coolest cannabis-based online business ideas

Creating a social network geared towards cannabis consumers can be a hit if done right. You can earn from the network by selling marijuana products or allowing other cannabis traders to list their products on your network at a fee. This can be a very lucrative business opportunity in the long run.

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Internet business opportunities: Cannabis consulting firm

If you have in-depth knowledge of marijuana and its medicinal capabilities, you can succeed as a cannabis consultant. Since marijuana is legalized in most parts of the world, and people have not exploited the industry fully, you can reap big by setting up a marijuana consulting firm. Your consulting firm can extend functions like assisting commercial cannabis start-ups with anything ranging from design, building, branding, finding markets, to compliance with marijuana regulations. The market is all but assured out there. There are many cannabis smokers, lawyers, including doctors, who would jump at the opportunity in a new consulting firm.

  • Cannabis internet business opportunities: Equipment for processing cannabis

The legalization of marijuana in many parts of the world has witnessed the proliferation of marijuana products. Some of these products include marijuana-infused edible products, and cannabis concentrates (oils, shatter, wax, hash). These products are extracted from marijuana using specialized equipment. Examples of the material used in the extraction and production of cannabis products include rotary evaporators, vacuum pumps and ovens, kilns, hot plates, glassware, water baths and much more. You can get this equipment from manufacturers and sell them to retailers or cannabis products producers at great profits.

  • Cannabis beauty products present significant online business ideas to contemplate

There is a broad range of cannabis beauty products such as soaps and lotions that have been innovated since the legalization of marijuana. You can venture into this business by buying these products from suppliers and reselling at a profit to consumers. The good thing about these cannabis beauty products is that they have a long shelf life, giving you a piece of mind knowing that they will not go bad before you sell them out.

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