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
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