Source: By: Alaska Cannabis Institute, October 2 2014
Colorado and Washington State have legalized recreational marijuana. Along with Alaska, Oregon is voting to legalize marijuana in the autumn as well. National polling has the nation in approval of legalized marijuana at 58 percent.
And the size of the industry is massive. Research suggests if you add up the black market, legal retail market, and medical marijuana market–then cannabis is a $20 billion industry. To put that in perspective, the NFL is a $9 billion industry. The cannabis industry is huge.
So, the Alaska Cannabis Institute made a list of 18 businesses you can own and operate within the cannabis industry:
There is a huge market for THC-infused edibles as more users do not want to inhale smoke.
2. DELIVERY SERVICE
Much like the pizza business model, the marijuana delivery service business will deliver your order directly to your house.
Proper packaging and labeling is a big deal in the regulated marijuana marketplace. Jars, pouches, bottles, cartons, labels, and even tracking via radio frequency identification tags.
4. GLASS BLOWING
Whether you are blowing your own glass or retailing specialized and unique pieces, demand for paraphernalia is massive.
5. INDOOR GARDEN DESIGN/BUILD OUT SPECIALISTS
Designing and building a functional indoor garden isn’t easy business for a novice, especially in Alaska.
In other states, marijuana tourism has essentially amounted to taking tours of the local marijuana dispensaries and maybe some grows. Tourism in Alaska could represent a whole new kind of marijuana tourism.
7. WEB DESIGN
The new cannabis businesses starting up need help creating their brand and identity, from logo and graphic designs to creating webpages; specialize in the cannabis industry.
8. CBD SPECIALIST
Cannabidiol, or CBD, is active in cannabis and has medical effects but does not leave the user feeling “stoned”. There is a tremendous amount of demand for CBD products.
9. CONCENTRATES PROCESSOR
Products like hash oil, dabs, shatter and others are in high demand. Having background in chemistry and experience in a lab with lab equipment is extremely beneficial.
Installing and securing growing and retail facilities to transporting cannabis and cash; protect the cannabis industry with your security company.
11. TESTING LABORATORY
The state requires growers/retailers test their product for quality control purposes. Open up a lab and service the growers/retailers so their product meets state requirements. Every batch has to get tested.
Websites, magazines, local radio shows, etc. are fantastic opportunities within the cannabis industry as a whole and Alaska in specific. Businesses are going to want to reach their markets. Provide them a medium to do so. Remember: “content is king.”
It is hard finding qualified employees in general, but especially in the cannabis industry. Create a staffing company, qualify candidate for the unique cannabis industry, and supply the industry with the employees they need to succeed.
Again, the cannabis industry is a unique and emerging industry. Therefore, knowledge is key as businesses navigate this new landscape. Provide the market with the knowledge it needs to succeed.
15. DISPENSARY (RETAIL) OWNER
There is a huge demand for marijuana in Alaska. Per capita, Alaska has more cannabis users than any other state in the Union. The opportunity to own a retail dispensary will be available to most anybody who wants to take a shot.
Start an LLC, and contact all the growers in the area. Have them contract you when it’s time to trim their plants. It’s work that needs to be done.
This is where all the product comes from.
18. CANNABIS CLUB
Much like a bar, this is an establishment people can come to and consume cannabis and enjoy other amenities. Pay per use or membership fees, it’s up to you.
The Alaska Cannabis Institute (ACI) is comprised of people who are passionate about educating others about the upcoming possibility of legalization of marijuana in Alaska. For more,, visit www.alaskacannabisinstitute.com