Cannabis Business Explosion
- Author Matt Jacobsen
- Published September 11, 2011
- Word count 556
With more and more US citizens exponentially becoming tuned into the benefits and legality of medical marijuana, the need for safe and legal access scales with such demand.
Right now the US in the middle of a "green rush" and the cannabis business created by medical marijuana is making a small group of people with the knowledge and diligence required to open a dispensary very rich.
One of the quickest and easiest ways to become a millionaire right now is the cannabis business, and thousands are rushing to open a dispensary and cash in the business while they can.
It's been aptly named the 'Green Rush,' and its making over 10 new millionaires every week. The number of new millionaires being created weekly from this booming industry dwarfs even the California lottery, which is estimated to make about 5 millionaires per week. The legal pot business has been more than doubling those figures. It has been deemed the new California Gold Rush, and by leaps and bounds, it is much larger than the one we saw in the 1800's.
Medical marijuana has gained immense national acceptance and patient support and is providing savvy entrepreneurs who get an early start with unprecedented opportunities never seen before. The marijuana business is in tremendous shape and has been experiencing unprecedented and unparalleled growth.
Medical marijuana dispensaries are cropping up in all city corners - in LA, California, they are more numerous than even starbucks cafes. "The industry is like a horse jolting out of a stable on that has been set on fire," said Sierra Neblina, owner Medimar Haven dispensary and in suburban Lakewood, CO. "We need to get a grip of our own industry."
Starting a legal cannabis business is disgustingly lucrative. The figures in this exploding new field are astronomical, the current national market for cannabis is $4 billion. By 2016, the market is expected to boom to over $14 billion. For comparison purposes, that's a billion dollars more than the whole annual GDP of Jamaica - and it's all from one single market.
Marijuana is natural, helpful and can even be produced in one's own backyard. Is it any wonder then that flocks of people are turning to medical marijuana for relief instead of pharmaceuticals that have proven to cause more harm than good? With more and more people realizing its therapeutic benefits and not enough knowing how to harvest its great potential, an extremely lucrative industry has spawned.
Fact is, patients demand safe and legal access to cannabis. With patient demand growing far quicker than the amount of dispensaries that can keep up with it, patients fear they may have to go the black market to get the medication they need.
Dispensaries provide a much needed service in protecting patients and their rights to safe and legal access.
In addition to opening a dispensary, lets not forget that the medical cannabis business is opening tons of ancillary markets.
Ancillary markets are markets/business that support a main business.
Insurance businesses, IT infrastructures, Payment processors, medical marijuana doctor recommendations and several more support businesses to the cannabis industry are also cashing in, with more than 40 new markets opening. These in themselves are also creating millionaires.
If there was ever a time to enter a new, lucrative field, the cannabis business would be it - and the time would be now.
Matt Jacobsen is a staunch activist in the medical marijuana movement and has been a dispensary owner for the past
decade. It is his goal that everyone seeking cannabis business is able to, so he shares his knowledge free of charge. Matt is also a contributing writer to
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- China Internship Programme: An Overview of Module 1
- How End Of Arm Tooling (EOAT) Enhances Productivity And Quality In Automotive Plastics
- Why Mogul Interior's Handcrafted Carved Doors Are in a League of Their Own
- The Sacred Threshold: Antique Carved Doors and the Art of the Meaningful Entryway
- The Art of the Antique Carved Sideboard
- Design Considerations For Injection Moulding: What You Need To Know Before Manufacturing
- How Interior Designers Use Plaid Carpet and Animal Print Carpet
- Church Carpet from a Practical Engineering Perspective
- How to Choose Between Luxury Carpet and Wool Carpet for Your Home
- Maximise Efficiency: Service Truck Solutions
- Why you need a Wills & estates lawyer
- How the IRS Fresh Start Program Actually Works (And Who Qualifies)
- Using toe straighteners for foot problems
- Safety, Lifespan, And Performance: Key Considerations For Lithium Battery Use
- Antique Carved Doors and the Earthy Stillness of a Mountain Cabin
- Antique Indian Carved Doors for Home Yoga Studios: The Botanical Door Guide
- How Hotels Spec Carpet for Guest Rooms, Corridors, and Public Spaces
- Wool Carpet Pros and Cons: What Homeowners Should Know Before Buying
- What to Know Before Buying Wool Carpet for Your Home
- How to Choose the Right COREtec Floor for Busy Homes
- Getting Around Sydney Without Losing Your Mind: Why Some Visitors Are Quietly Switching to Chauffeur Cars
- Organic Maximalism: The Art of Botanical Carving in Antique Doors and Sunray Sideboards
- Principles of Biomechanical Combatives
- Why Tree Care in Calgary Requires a Different Approach Than the Rest of Canada
- These Are the Fastest-Growing Side Hustle Businesses of 2026
- Barndominiums in 2026: Costs, Features, Trends & Real-World Examples
- The Rise of Short Let Apartments and Why Investors Are Paying Attention
- General Measure AF-50K Bagging Scale -- Fully Upgraded Granular Packing Solution for the Fertilizer Industry
- Dentofacial Clinic for Complete Smile Care: Why Choosing the Right Family & Aesthetic Dental Clinic Matters
- What Restaurant Operations Managers Notice First About Takeout Packaging