10 Cannabis Business Opportunities You Can Start From Home

Now that consumers can enjoy weed in the comforts of their homes there is the potential for an entire industry to support and cater to these individuals. Looking to the American cannabis industry will reveal new innovations and even more business opportunities that you can inject into the budding South Africa market. Selling marijuana is still illegal, for now, as parliament decides what their next steps will be on legalisation in the next 24 months. Considering the global trend, they will likely bring this industry into the mainstream to regulate and tax it, following the in the footsteps of USA and Canada. In the meantime, you could create a whole business around offering services and products to those using it legally. Here are 10 weed business opportunities you can start from your couch: Weed on-the-go Cashing in on cannabis accessories Sell an indoor incubator Build an App or Platform for Weed Users Offer a safe and convenient storage option Bong Protector Making and Baking Cannabis edibles Become a weed artist Cannabis cosmetics Reefer reviewer & blogger 1. Weed on-the-go Pot smokers are like any other group of consumers, they want convenience and portability. That’s where you come in. You can offer them a portable set, that will allow them to smoke up in the comfort of a friend’s home whenever and where ever they choose. Where you can find an example: SOURCEvapes offers the SOURCE Portable E-nail (new device that offers a consistent temperature to vaporise concentrates) and Vape Pen (a type of e-cigarette), with a temperature control eRig. It offers users the convenience of smoking anytime, anywhere, with the only restriction being South African law. This particular product stands out because it functions as both a portable e-nail and vape pen. It heats up in only seven seconds, and the split-glass bubbler promises better airflow. How you can launch this business opportunity: You’ll need to do some research into what a marijuana smoker needs and compile a kit to assist them when they’re in someone else’s private home. If you don’t have the capital to develop it yourself, you can always find good suppliers and import an existing portable kit and resell it to the South African market. You can find more information on importing. 2. Cashing in on cannabis accessories Just like football fans buy T-shirts of their favourite teams, or anime fans buy bags or figurines of their favourite characters, weed users will also start looking for accessories to enjoy their hobby. Cannabis accessories can include: Water pipes Hand pipes Ashtrays Bongs Vaporisers Grinders Rolling trays Filters Rolling papers. Where you can find an example: There are plenty of examples of online or bricks-and-mortar retailers that sell marijuana related accessories, here are just two: Local: 420 Store – This local online store offers vaporisers, bongs, pipes, dab rigs, accessories and apparel. International: Live Stoner – This international store offers pipes, bongs, grinders, accessories, apparel, dab equipment all in pop-culture themes such as Star Wars, Deadpool, and Rick and Morty. How you can launch this business opportunity: If you’re a talented glass blower, woodworker or metalsmith you can create custom commissions for cannabis enthusiasts. As owning these accessories continues to de-stigmatise, they can become proud display pieces for some. You can also put fun, marijuana messages on t-shirts, dog collars and anything you make yourself or buy and rebrand. There are endless opportunities for your weed accessory business. If you can’t make the products yourself, you could start an e-commerce business reselling items you find online. By buying them cheap or in bulk and selling to the local market you can create a viable business in no time. If you’d like to profit from the industry without operating illegally, but without waiting for a verdict from parliament, consider selling accessories for cannabis use. 3. Sell an indoor incubator For consumers living in cities that want to grow their own cannabis they’ll need some help, especially since there will be a lot of newcomers entering the industry. This is where you come in. You can offer a self-contained growing-chamber that produces high quality buds. It resembles a mini-fridge and can fit anywhere in a private residence. Where you can find an example: LEAF’s “plug-n-plant” system can help any novice cannabis grower. According to Forbes , LEAF has smart-phone operated humidity and temperature controls, automatic nutrient dosing and smell-dampening carbon filter. Cash Crop 5.0—6 Plant LED Hydroponics Grow Box can offer a consumer a larger crop with buds growing two or three-feet tall, with a promise to produce up to 2.5kg’s of crop annually. How you can launch this business opportunity: You can become an importer of this product, sell it at a mark-up and establish a business. Purchase Leaf directly from their site or Cash Crop 5.0—6 Plant LED Hydroponics Grow Box from Amazon , Dealzer , Ubuy or ImportAll . If you’re scientifically minded, you can invent your own version of it and start selling it to the South African Market. 4. Build an App or Platform for Weed Users You can offer technological solutions for marijuana adjacent businesses by developing programmes and apps to make their business operations run smoother. With the impending rise in cannabis-related entrepreneurs and online retailing businesses, there will be a greater need for software developers going forward. Where you can find an example: WebJoint offers cannabis business owners a platform to help them with everything from managing customers, finances and inventory, to building a website to help their business stand out in a crowd. Leafly will keep you up to speed on the latest cannabis news and boasts a large and detailed database of cannabis strains. This app can help you pick a strain based on what symptoms you’re hoping to cultivate. GrowBuddy makes it easy to record all the important data on growing. This app will help you keep your marijuana plants health and of a high quality. How you can launch this business opportunity: If you’re looking to put your coding skills to work in the cannabis industry, start now and develop a reputation for good work. This will enable you to find a steady stream of work when cannabis becomes legal in all forms in the foreseeable future. 5. Offer a safe and convenient storage option Convenience for the users is vital when trying to capture a section of the market. You can offer a product that allows users to smoke and stash their weed simultaneously. This will ensure that marijuana is never lost, and everything is kept in the same place. Where you can find an example: 420 Science invented the innovative Kargo 2, which combines a seven-inch water-pipe with a built-in stash jar to safely store the user’s flowers. It also boasts three different percolators, which offers the user more variety to choose from. How you can launch this business opportunity: You’ll need to do research into what South African marijuana users are looking for. Then you’ll need to go about designing and creating your own version, which will offer convenience and variety while being practical and helpful to the user. 6. Bong Protector This product is designed for those smoking in groups within the privacy of their own homes. It utilises medical-grade silicone and adjusts to the size and shape of any pipe’s mouthpiece. This item stretches and clings so that it never blocks airflow from the chamber but keeps germs away when there are multiple users. Where you can find an example: Oil Slick in Belgium developed this product to make social gatherings more convenient for users instead of them having to use alcohol swaps to sterilise your glass every time the pipe changes hands. How you can launch this business opportunity: If you can work and design products from silicon, this could be the business opportunity for you. You can supply consumers with a hygienic and social product that enables them to gather with friends without having to worry about germs and preparation. If you can’t make this product yourself, you can always import and resell it. If you buy it in bulk and charge a mark-up you can create a viable business selling bong protectors. 7. Making and Baking Cannabis edibles Introducing anything other than Cannabidiol (CBD) or medicinal grade marijuana to your edible products is still illegal. You can experiment and grow your business using CBD, so that when weed becomes legal to retail you will have an entire menu that has been tested by customers. Apart from creating edibles you can also offer cannabis cooking classes for those who wish to create their own edibles in the privacy of their own home. Where you can find an example: There are numerous examples of CBD edible businesses, here are just two: Local: Khanya Medicinals International: Wana Brands How you can launch this business opportunity: If you have a flair for baking, you can start making your creations from your kitchen. Experiment and find the best products for your customers by asking what they prefer and getting their feedback. You can get quite creative; marijuana edibles can range from cakes to candy and even hot sauce. You’ll need to develop a strategy for how to create, package and sell those edibles. Also keep in mind, that you are creating consumables and will need to stick to health and safety regulations . Research the best amount of CBD to add to your edibles as you will need significantly more compared to Tetrahydrocannabinol (THC). 8. Become a weed artist [caption id="attachment_89322" align="alignright" width="300"] PC: fashionmagazine.com[/caption] The global cannabis industry has supported the rise of many incredible artists. The marijuana theme has even expanded into high fashion and mainstream fast fashion with individual pieces costing into the thousands. The art world is currently experiencing a significant resurgence of weed-inspired projects across all disciplines. Where you can find an example: Cannabis fashion and art are readily available online from around the world, you can conduct your own research to see what is happening in the global market and determine what the budding South African industry could be looking for. How you can launch this business opportunity: If you’re an artist or have a creative side, you could combine your love of art with the theme of cannabis. You could even purchase items from overseas and sell them here at a profit, the direction you go into is up to you. 9. Cannabis cosmetics Many South Africans have started their own businesses by creating natural beauty products. You could launch a cannabis beauty products business. You would have to start with CBD products as retailing traditional marijuana is still illegal. Businesses are selling everything from cannabis creams, face washes, shampoos and candles all of which can be made at home and sold at dispensaries or farmer’s markets. Where you can find an example: There are numerous examples of CBD and cannabis oil cosmetics businesses, here are just two: Local: https://www.panaceaoil.co.za/skin-cream/ International: http://www.cannila.com/About_Us.html How you can launch this business opportunity: You have a 24-month runway to develop products, find out what users are looking for and start selling, while parliament decides what their next steps are. Keep in mind that you will need to abide by health and safety requirements for beauty products, or if you prefer you can just import a ready-made product and sell it in the South African market. 10. Reefer reviewer & blogger Venturing into the weed world will be a new experience for many South Africans as they feel empowered to smoke, eat or use it in the variety of options available. However, like a novice deciding to wade into the world of wine, they won’t know where to start. There is a business opportunity in guiding newcomers by offering reviews and advice on your experiences to ensure they have a pleasant first experience. Keep in mind, that different strains, how the plant was grown and how many milligrams are mixed into edibles will all impact the effect the user will experience. Where you can find an example: Leafy offers reviews on different strains as well as products and dispensaries. How you can launch this business opportunity: You could potentially build a business around providing reviews and other related information to help consumers make informed decisions. There are also many online resources regarding how to write these reviews and how you should go about it. This career choice isn’t just sitting on your couch smoking different strains of weed all day. Not even smoking and growing are enough. You will need to immerse yourself in every aspect of this industry including a deep knowledge of strains, benefits, gear, genetics, history, geography and terminology. You’ll also need to write about it, so some journalistic experience is a must-have.

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