The legalization of cannabis has been a hot topic for quite some time and is now becoming more and more popular in the business world. With the legalization of marijuana, there are many opportunities for entrepreneurs to get their hands on this new market which is predicted to grow in the following years. The leading online retailers like Daily High Club have provided vast offers of products for cannabis lovers, and there is something available for everyone from bongs and dabs to bubbler water pipes. Things are developing so fast and technology is advancing, so people are busy predicting the trends and forecasts about how successful this industry might become. The first thing you need to know before diving head-on into this business is that it is by no means easy money. It can take years, even decades of work, dedication, and patience to become a successful entrepreneur in this industry. If you want to see how other innovative marijuana businesses are moving to become successful, here are some examples.
Leafly was founded in 2010 but grew significantly in 2014 after the legalization of medical marijuana. Leafly is a massive cannabis portal on the internet that has over 15 million monthly visitors that use the portal to find out information about new cannabis strains and products. This website is famous for providing information on different types of Indica, Sativa and other hybrid strains and consumers can use the website to discover information about the benefits and effects of each marijuana strain. You will also find information about dispensaries that are nearby as well as information about how to grow your own cannabis. If it is marijuana-related, Leafly will have information about it. This company is considered one of the most innovative cannabis businesses and one of the original businesses that cater to marijuana enthusiasts.
Eaze is considered one of the best apps for quick and easy marijuana delivery. The company was launched in 2014 and initially helped medical marijuana patients in California get products delivered to them. The company’s founder, Keith McCarthy started this business in his single room apartment with 4 other employees and since then it has grown to become the “Uber” of weed and is used by users in over 100 cities in Oregon and California. The company has expanded to offer other services such as helping individuals get their medical marijuana cards and physicians are also able to consult with patients on the app via video chat. Additionally, Eaze Insights is a service that collects data from different surveys to provide statistics on the wants of cannabis consumers. This company fits their consumers’ needs and they stay focused on their niche.
Canopy Growth Corp
Founded in 2013, Canopy Growth Corp became the first marijuana company in North America to become federally regulated, licensed, and publicly traded. This company even managed to get the name WEED on the Toronto stock exchange and is one of the biggest businesses in the cannabis industry. Many people now follow the value of their stocks and the business has international operations in Germany, Spain, Denmark, Jamaica, Brazil, and Chile. One of the biggest innovations came when they partnered with Constellation Brands which is the company behind Corona, Modelo, and many other beers. Together these companies plan to innovate cannabis-infused beverages.
Flowhub was founded in 2015 and this innovative company offers top-grade point-of-sale solutions for marijuana dispensaries and stores. With Flowhub, businesses can handle transactions better and manage their inventory as well as streamline their day-to-day operations with this platform. This app is relatively new but has still managed to become one of the top retail management solutions for hundreds of cannabis dispensaries throughout America. This platform adheres to the state laws while providing one of the top platforms to manage inventory and transactions. They even provide mobile solutions for businesses that are operating on the go like marijuana delivery services for example.
Greenrush is the largest online marketplace for cannabis. Users can use this service to locate dispensaries and find products near them for delivery via the app or website and they can get their product within minutes. GreenRush is similar to Eaze and only caters to users in different American states including Nevada, California, Massachusetts, New York, Maryland, and many more. This platform caters to both recreational and medical users and its interface is easy to use. Products can be categorized according to strain and the payment method accepted by the dispensary.