The 3 most profitable cannabis businesses to start

Posted by on Nov 6, 2015 in Uncategorized |

Many people who are interested in investing in cannabis-related business would be very much interested in getting to know the most profitable businesses in this industry. This is because there is so much money involved in this industry right now and also due to the fact that significant growth is expected to occur in this industry in the coming days. Here below are some of the 3 most profitable cannabis –related businesses that you can start:

-Cannabis testing

Cannabis testing is soon going to become an important requirement in the cannabis industry. This is because all the states that have legalized recreational and medical marijuana require cannabis testing facilities. In addition, all other states that will eventually legalize recreational and medical marijuana will require marijuana testing facilities. Right now, not many people are interested in setting up cannabis testing facilities because it is not as attractive as starting a retail outlet like those Denver dispensaries, or industrial gardens. In addition, there is no branding for cannabis testing right now. This means that if you establish a lab and start a strong branding campaign, you could easily become the ‘gold standard’ of weed testing and gain a very strong competitive edge over the limited competition that is there currently. You can establish a cannabis testing company that is going to set the standard in the cannabis testing industry so much that people will always prefer buying cannabis products tested by your company. This has not happened yet and you could be the trail-blazer in this line of business.

recreational marijuana profitable business

Lots of ways to make money with MJ

-Cannabis entertainment

Investing in a cannabis cafe can be one of the most lucrative business ventures you can start in the cannabis industry. Cannabis cafes are very popular with marijuana consumers, especially those who are single. This is because they only need to pay a small door fee and go in there and consume as much weed as they want in a social environment. For the same reason that people frequent clubs and bars in order to socialize over bottles of beer, so would cannabis consumers want to go out and socialize with other like-minded people. Cannabis cafes can also sell marijuana and marijuana-based products, but concessions and door fees will generate a lot of profits on their own. In areas that limit or ban retail establishments, cannabis cafes can be a great business idea.

-Cannabis consulting

This is certainly big business in the cannabis industry. People who are experts in this field get paid huge amounts of money to share their ideas and thoughts. Today, several people are offering consultancy services in this industry and are being paid huge amounts of money. However, they are not necessarily the best at what they do. A large number people who are offering these services today might have

Money to be made from marijuana

Maybe it does grow on trees

knowledge of the  weed but without being very knowledgeable about the cannabis industry. The cannabis industry has a lot of aspects that one needs to be aware of in order to succeed in it. Others have a big understanding of the cannabis industry but they lack standard business skills such as time and money management, as well as overall vision. This means that there is a great opportunity for people who have both traditional business skills as well as marijuana experience to enter into this lucrative field.

TIP: No doubt you’ve noticed that the green rush has brought about a frenzy of people opening up dispensaries and this is why I recommend looking at the ancillary services one can provide because there is less competition. However, you can still open up a dispensary, all you have to do after the set up is the correct marketing, customer service and have a unique selling point. One dispensary making waves is Mary Jane’s Patch and you should model yourself after it because the owners are positioning it as one of the  top dispensaries in Denver Colorado.

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Posted by on Oct 11, 2015 in Uncategorized |

Marijauan Risks in Young People

Marijuana can actually expose your kids to certain risks. This is because part of the growing marijuana industry is associated with cannabis edibles. Cannabis edibles are candy, drops, or food containing pure THC, the oil that is extracted from cannabis plants.

The danger behind cannabis edibles is that they do not look, taste, or smell like cannabis. This makes them a potential danger for young kids. 

It is not possible for kids to know whether they are eating cannabis edibles because they cannot easily tell the difference between them and other edibles. Many of them look like ordinary candy. This means that they can eat then unknowingly or eat them in large amounts, leading to unintended consequences.

According to Dr. George Wang, who works with Denver Health Medical Center, the danger associated with cannabis ingestion is reflected in the increased number of calls coming into the Colorado Poison Centre. He is quoted as saying there is an increase in the number of young kids who are unintentionally exposed to marijuana.

The real risk to young kids lies with the possibility of ingesting high doses of THC contained in the cannabis edibles. For instance, a single bite of chocolate truffle has 15 servings of THC in it. This is equivalent to 3 puffs on a joint. Essentially, what this means is that if a young child consumes a single unit of truffle, the amount of THC ingested would be more than significant. Some of the kids admitted in the Colorado Poison Centre had very severe symptoms which necessitated their admission to the critical care unit. According to Dr. Wang, a large percentage of cannabis calls to the Poison Centre line involve young kids aged from 2 to 4.

Symptoms of THC overdose in kids 

The symptoms of THC overdose in kids include:




In addition, THC is known to produce serious anxiety attacks as well as psychotic-like symptoms if ingested in high doses. Cannabis is also metabolized in a different way when ingested as opposed to when it is smoked. Ingested marijuana takes time to take effect, but can produce more severe symptoms. 

Another thing that is likely to cause concern is that the easy availability of child-friendly cannabis edibles could entice young kids to try the drug. 

Other ways of exposing kids to cannabis 

Children can also be exposed to marijuana if their mothers use weed while pregnant or breastfeeding. Some doctors are saying that a number of women confess to using weed for morning sickness during their pregnancy. Other parents are known to allow their children to smoke weed just simply because it has been legalized.

It is the fact that children´s central nervous systems, brains and bodies are still in a developmental phase which means that cannabis can cause more harm to them than the benefits it brings to adults. Under no circumstances should a young child be continuously exposed to the active ingredients in marijuana. Just because weed may have medicinal or recreational benefits for the over 18s does not mean it will do the same for children.

The Risks of Marijauana

What is the way forward?

In order to reduce the potential health hazards of young kids ingesting large amounts of cannabis unknowingly, there should be strict restrictions on the packaging and formulation of marijuana edibles. In addition, such restrictions should ideally be implemented immediately when a particular state legalizes cannabis for recreational or medicinal use.

On a brighter note, the states of Colorado and Washington, which were among the first states to legalize marijuana, require manufacturers of cannabis edibles to package them in child-resistant packaging. These two states also require all cannabis products to be labelled with their respective serving size as well as a warning to “keep out of reach of children ’’. However, these measures are not really enough to fully protect young kids.

Essentially, more needs to be done in order to reduce the likelihood of people confusing marijuana products with other regular products. Government authorities should also ensure that all cannabis products’ dosing is consistent.

As in the case of all legal intoxicants, the risk of exposure to young children is high. It is not enough for there to be regulations imposed by the law, although, if marijuana were federally legal, it’s likely that there would be an increase in security measures and education about the risks. Even if this were to take effect, parents must be extremely vigilant if children are in the same environment as their choice of recreational marijuana. Proactiveness in keeping the products out of reach is key and perhaps a candid conversation with the little ones will go a far in keeping them out of harm’s way.

All that being said, marijuana has been found to effectively reduce the ammount of epileptic fits in some young children and has also cured other ailments. The ultimate way forward is to become informed, do your research and seek professional advice.

Here’s is a great TED talk that explores the curing effects of marijuana in children, as well as the risks:

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Wonderful Hemp

Posted by on Sep 25, 2015 in Uncategorized |

Hemp is a natural, long-lasting, fibre obtained from the tall-growing species of the cannabis plant.

Hemp seeds for industrial use

Hemp seeds ready for sowing

 Typically it is produced from the leggy Sativa strains which have few psychoactive properties. These plants can grow from between 15 to 20 feet tall and it is the bast or layer just inside the outer skin that it used to produce the coarse fibre we know as hemp. The coarsest fibres will be used for rope-making, footwear, animal bedding, clothing and,as we shall see, a host of other products. It is truly a versatile plant and one that has been of enormous aid to mankind.

Who would have imagined that the cousin of the one that takes you on a trip, relaxes you or takes away your pain and cures your ills is also an ingredient of a building material known as Hempcrete?

hempcrete construction block

Designed to build, not to smoke

 This is essentially the hurds, or the fibre sheath around the core which is ground and mixed with natural lime to make a concrete-like material. An interesting fact is that the hemp plant absorbs carbon dioxide as it grows. It retains the carbon while giving off oxygen, thus providing us with the essentials of life. Theoretically in one cubic meter of hempcrete wall, as much as 165 kg of carbon can be bound up and imprisoned while it petrifies over the course of time. The hempcrete blocks look very similar to the typical grey concrete blocks known as breeze blocks, or more boringly – CMU´s (concrete manufacturing units).

Hemp fibre is often blended with other natural fibres to make clothing. Silk or cotton would used with about 55% of hemp fibre. The result is a natural breathable and very wearable material. None the less important is the food value of this crop. The leaves can be eaten raw in salada and are also used in the production of a tofu style preparation and hemp ice cream. But the seeds of the plant are the most commonly processed. Flour is made from them and used in baking. They are crushed to make hemp oil which is full of proteins and very nutritious. The seed when sprouted can be used to make hemp milk which is like soya milk. There is a hemp, nut-style, butter, even hemp waffles.

The seeds are a great source of dietary fibre but also of essential minerals like zinc, magnesium and iron. A 100 gram serving provides more than 70% of your daily protein requirements. The amino acids it contains are similar to those found in milk, meat, eggs and soy. Its essential fatty acids include linoleic, alpha-linolenic, oleic and other poly-unsaturated fats. It is no wonder that hemp has been grown as a crop since man started planting seeds. (It´s also ironic that those who are so against the legalization of mrijuana have probably been using this “cousin” without realizing it all their lives!) Anyhow, none of these foods gets you high even though they come from the same plant. The levels of THC are negligible. However, marijuana is also used in cooking for recreational and medical applications, but that is another subject and another article.

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4 Reasons for Increased Interest in Marijuana financing

Posted by on Sep 24, 2015 in Uncategorized |

In today’s competitive world, there are two types of ventures that have really captured the interest of high-end ventures: marijuana and tech start-ups. There is a fast increase in the number of platforms especially for the former type of start-ups. Even Silicon Valley veterans have not been left behind in the financing of hemp. Why all the interest?
1. Potential for growth and innovation

Money to be made from marijuana

Maybe it does grow on trees

The main reason for the spiking interest in the financing of hashish is the potential for growth and innovation. According to SFGate, the cannabis industry has shown a growth rate of 74% over the last year. It has become a $2.7 billion industry. The state of California accounts for half of the pot industry. If this drug is legalized in this state, the revenue in this industry will easily double.

2. Existing demand
Marijuana financing is further influenced by the fact that the industry is already fuelled by an existing demand. For instance, Founders Fund recently offered $75 million in funding to Privateer Holdings, a firm that has a number of cannabis investments. The Founders fund was started by Peter Thiel, a co-founder of  PayPal, one of the largest online money transaction platforms.
Even celebrities have joined the bandwagon to finance this fast-growing industry. One of the celebrities who has done this is Calvin Broadus, Jr., Snoop Dogg. He is said to be putting together a $25 million special fund with the sole purpose of investing in hashish startups.

Marijuana leaves with dollar

Large investments in marijuana

3. Correct timing
The timing is indeed right for investment in this upcoming industry. There is venture funding from different sources. The startups in this niche are referred to as potpreneurs. One of the largest marijuana startups, Leafly, which offers a platform for the review of various strains of hashish, has raised more than $12 million in marijuana funding from over 100 individual investors. This company is licensed by the state of Minnesota. According to CrunchBase, there were about 30 venture investments in marijuana startups.
4. Regulation
There are already a number of states that have legalized cannabis. If more states follow this trend, there will certainly be an increase in funding in this potentially lucrative industry.
Despite the potential for growth and innovation in this industry, there are a number of challenges:
– Regulation
Marijuana financing could be affected if there is a reduction in the number of states that legalize this drug.

Wall Street Journal )

Banking services
Since cannabis is still illegal at the federal level, money earned from cannabis cannot be banked. The growers and vendors have a lot of cash on hand, which increase the risk of theft. However, an entrepreneur founded MPS international, an armored-courier service. MPS is designed to serve legal marijuana dispensaries which need to transport pot and cash. According to MPS CEO, Michael Julian, some of their clients make between $200,000 and $300,000 monthly. They have nowhere to keep all the money. This is where MPS comes in. It transports and securely stores all the green. Most of the employees in MPs have a background in law enforcement.
Another way MPS helps potpreneurs is by removing the smell of bhang from the money. They literally wash the money. They use a machine that removes the molecules of hemp to ensure that it does not have the smell of cannabis.
Marijuana financing is on the rise, and this trend is likely to continue. In a few years, the pioneers might be billionaires.

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The Legal Framework of the marijuana industry

Posted by on Sep 10, 2015 in Legalization Medical Marijuana |

Cannabis demands to be taken seriously, particularly by politicians. The legal framework of the marijuana industry is still under development. Cannabis is currently the nation’s fastest-growing business. The legal marijuana industry was responsible for $2.4 billion income in the last 12 months. That amount represents a rise of 74 percent over one year, It is further calculated that the overall legal industry might be worth $11 billion by 2019.

Variance in the legal framework of the marijuana industry

Map of the legal framework of the marijuana industry

The promise of increased tax revenue has been a huge incentive to local authorities during the process of legalization. But there are also many diverse economic benefits from decriminalization, including an opening up of new jobs to deal with the requirements of this new sector. Keeping marijuana either regulated or in the black market ignored any profits from its sale, including the people working to bring in those profits, as it all stayed off the radar. By legalizing marijuana, it has become possible to view more exactly who is working within the industry and how much is being earned.

An impediment for the marijuana industry could be labeled “normalization.” The permitted use of recreational marijuana is now a daily event in four states. When the national Prohibition of alcohol was removed, the laws on alcohol were changed state by state (and sometimes county by county). The country was left with a mishmash of laws and it was not until 1966, in the state of Mississippi, before the last prohibition law was repealed.

Colorado was the first state to officially permit the legal retail sale of marijuana. In January of last year, everyone and especially the federal government, observed attentively as business owners, growers, and consumers were freed from the black market and the medical dispensaries in the welcome move towards this new state of play. A year previously, it was thought that Colorado would become a lawless state, however, this has proven to be far from reality and things move smoothly along.

Problems with the Legal Framework

Marijuana legality poll

Changes in attitude to the use of marijuana

Marijuana legislation is something that’s brand new to everyone and that includes lawmakers. The reality of the matter is, the procedure for legalizing marijuana is unprecedented. Try and think of a similar instance in which a material or substance that was considered dangerous for some time and has been demonized and then suddenly floods the open market. It’s challenging to come up with one. With that in mind, lawmakers will make mistakes along with legislation itself, whether it be in Colorado, Washington, Oregon, or elsewhere, it remains at present work in progress. There’s a lot of room for mistake, from tax rates to business licensing. Legislators have a lot on their plates, but then again, this is the reason why the states in many cases are described as ‘laboratories of democracy’. So, what problems are we specifically seeing? They mostly relate to taxation and supply, as the markets are brand new.

People will soon be leading and the leaders will need to follow.

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The 10 Most Common Addictions in the US

Posted by on Aug 22, 2015 in Legalization Medical Marijuana, Marijuana World News, Medical Marijuana Rules |

  1. Tobacco (nicotine)

Even though this addiction doesn’t seem to be as harmful compared to others, it is damaging and its effects are visible after long substance abuse. The problem with this addiction is that tobacco is legal, easily accessible and inexpensive. More tobacco users die compared to abusers of other substances. A clear sign of addiction is a smoker who wants to quit, knowing what it does to his or her health, but just can’t stop. Over 40 million people are addicted to tobacco, making it number one in the 10 most common addictions in the US.

  1. Alcohol

This addiction has 18 million addicts, and is difficult to recognize, since there are so many situations in which it is socially acceptable to drink. Abusing alcohol may lead to a lot of health issues and it may be fatal. Negative consequences include death due to liver disease, overdose, and of course drunk driving, which puts others in danger.

  1. Marijuana

medical cannabis

Even though studies show that marijuana is beneficial for certain medical conditions, leading to increased legalization, the fact remains that abusing this substance will cause addiction and some health problems. Monitored use, specifically to ease a medical condition can also be addictive, but rarely. However, recreational use may lead to addiction, and there are 4.2 million addicts.

  1. Painkillers

Painkillers such as Oxycontin and Vicodin are often prescribed for pain treatment, but this doesn’t mean they aren’t addictive. Addiction can be caused even from small doses, leaving the addicted patients unaware of the addiction until they finally stop using them. There are 1.8 million people addicted.

  1. Cocaine

Over the past few years there has been a decline in the rate of cocaine addiction (821,000), but the drop is slow. The most commonly abused form is crack cocaine, because it’s cheaper and stronger than regular cocaine.

  1. Heroin

Unlike cocaine, there has been an increase (426,000) in heroin abuse in the US. The major concern about this substance abuse is spreading diseases such as HIV and AIDS because it is not uncommon for addicts to share needles. Furthermore, the withdrawal is difficult as well, and treatment can take a long time, and include therapy and medication.

  1. Benzodiazepines

Drugs such as Diazepam ad Valium are prescribed to manage anxiety and stress. These mood-regulating drugs can often cause addiction and users aren’t always aware at first, until they realize they aren’t capable of functioning normally without the drugs. Without medical assistance, detoxification can be deadly, and they can be harmful for the brain, affecting its chemical makeup. Around 400,000 addicted.

  1. Stimulants

Drugs that fall under this category are highly addictive, and withdrawal symptoms are intense, which makes it difficult to quit. They can quickly build a tolerance to the “high”, which often leads to increased dosages and ultimately an overdose. There are 400,000 addicts.

  1. Inhalants

Being addicted to inhalants is very dangerous because they are volatile toxic substances, and the effects are intense, often having immediate consequences, such as nausea, fainting, hospitalization and death. The number of addicts is 140,000.

  1. Sedatives (barbiturates)

These are usually prescribed to treat tension and sleep disorders, but the problem is that constant use will build a tolerance that will further lead to an increase in dosage, ultimately leading to addiction. They can have mind-altering effects and an overdose can be deadly. There are 78,000 people addicted.

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