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Saturday, October 20, 2018

Five Exciting Business Trends for the Cannabis Industry

by Leonid Singha (writer), , September 26, 2018

Over the past few years, cannabis has been picking up a good deal of buzz in the news.

With many states legalizing marijuana for medical or recreational purposes, the stigma surrounding marijuana is gradually beginning to fall away. What was once seen as the domain of burnouts, hippies, and iconoclasts is now considered a legitimate medical treatment.

Perhaps this is because more often than ever, people are realizing the value of all-natural health treatments over pharmaceuticals. Whatever the reason, it seems cannabis is here to stay. We’ve put together a list of some of the best options for cannabis-based businesses to keep up with the cannabis trend.

Cannabis Dispensaries

One of the biggest new trends in the corporate cannabis world is the rise of the dispensary. In states where medical marijuana has recently been legalized, dispensaries are popping up like so many wild cannabis plants. Cannabis retail through dispensaries occupies an interesting legal status. Although they offer medical marijuana with legal prescriptions, they must still rely heavily on marketing.

This means a good dispensary will have a catchy name and lean on social media and branding as tools for reaching clients. A popular dispensary will also employ strong interior design aimed at creating a relaxing environment to keep clients comfortable and happy.

Cannabis Harvesting

All this cannabis has to come from somewhere. Cannabis growers who once lurked in shadowy corners of the black market are now hailed for their unique strains and creative growing skills. Cultivating the plant means understanding issues of legality and keeping with local, state, and federal regulations.

But it also means you must have a strong understanding of horticulture. A good grower will also integrate a keen sense of marketing and be able to meet with dispensaries to develop an understanding of customer demand. Depending on where they are located, they also may need to rely on a middleman who handles distribution between themselves and the dispensary.

Cannabis Accessories

Back in the day, cannabis accessories were sold in one place, the local head shop. To purchase a pipe or tray, cannabis users would go to a store that generally sold a wide variety of novelties including hippie decor and knick-knacks. Now, cannabis accessory stores offer a wide range of customizable products. Old faithful products like rolling papers and water pipes abound. But vaping, or inhaling the vaporized particles of cannabis, has opened up a wide range of product possibilities.

From vape pens to full-scale vaporizers, vaping has taken on a life of its own. Dedicated grinders aid in the grinding of cannabis in order to prepare it for smoking. Dab rigs are another product that only fairly recently gained popularity.

Spa Products

Cannabis bath and beauty products are a huge seller in the cannabis industry. Popular spa products like poultices and salves are a huge hit in some circles. But many people swear by CBD-infused lotions and body products. CBD, or cannabidiol, is a non-psychostimulant cannabinoid found in hemp plants. It is known for its medicinal properties. CBD oil works well as a topical treatment for many conditions. Learn more about CBD oil at cbdcentral.

Cannabis and CBD Edibles

Cannabis-based edibles are a rapidly growing side of the cannabis industry. Infused with THC or CBD, these edible items are made to be delicious while providing either medicinal or psychotropic properties. Some of the most popular items are baked goods, gummy candies, and lollipops. Because cannabis can be cooked into just about anything, the sky is the limit. Many chefs create a butter or oil with CBD or THC oil and treat it like any other cooking ingredient. Those who use cannabis regularly for health purposes often find edibles offer an easier way to consume the product.



About the Writer

Leonid Singha is a writer for BrooWaha. For more information, visit the writer's website.
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