#1: Become a Grower
Marijuana cultivators grow the medical-grade buds that are sold in dispensaries and used to make extracts like CBD oil. Indoor grow operations are subject to strict regulations. Growers have to be well versed in the rules and abide by them diligently.
Growing commercial cannabis is not an easy job. It involves applying technical expertise, lots of direct experience, long hours of continuous work, and a sequential and logical mindset to balance it all out and keep it enjoyable. If you are considering this option, then it is best to begin by developing a detailed business plan with a sensible exit strategy.
#2: Open a Dispensary
Medical marijuana dispensaries are where cannabis consumers go to buy their weed! Like a cultivation facility, marijuana dispensaries are subject to very strict guidelines for operation. There will be a red-tape-laden process necessary to appease the government and gain permission to open your doors.
After you get approved for licensure, you'll have to consider a brick-and-mortar location for the dispensary, as well as insurance, employees, vendors, advertising to customers, staying ahead of your competition, ensuring top-quality products from growers, and keeping your esteemed customers coming back to your dispensary instead of others.
#3: Manufacture Cannabis Edibles
Cannabis edibles are more demanded than ever and growing even more popular every day. Products like CBD-infused gummies, cookies, brownies, ice cream, chocolate, and honey are all very much in demand. Producers of these products are also subject to governmental regulations that are in place to ensure public safety and fair practices.
Although the medical marijuana industry is already booming, it is still in its infancy. It is an excellent time to break into this lucrative, evergreen industry. Of course, besides satisfying the government, you're going to need substantial amounts of capital to invest. All cannabis business opportunities have outstanding outlooks but they come with the price of initial investment, and then, the capital needed to sustain operations through the growth phase until profits can be recognized. References Business News Daily - Cash in on Cannabis: Business Ideas for the Emerging Industry Entrepreneur Magazine - 10 Cannabis Business Opportunities You Can Start From Home Forbes - Predictions For Cannabis 2019 From Entrepreneurs On The Front Lines