Making Money in the Marijuana Business

The recreational marijuana business is all the rage now and is expected to grow as it becomes legal in more and more states. This means there is a lot of opportunity to make money in the (potentially billion dollar) cannabis industry. Especially now, as it's still in its infancy. So how can you get in on the ground floor of an upcoming industry?

Start a marketing agency

This is a great way for you to help recreational marijuana growers and product makers establish themselves as recognizable, trustworthy brands. In addition, if done the right way, your agency can contribute to adjusting the perception of the industry as a whole, which will contribute to increasing customer purchases, and in turn make more money for your clients and for your business.

Become a recreational marijuana affiliate

This is a low cost entry into the recreational marijuana business. As an affiliate, you can earn commissions by selling for larger companies who have licenses to make recreational marijuana products and offer services. For the most part, all you'll need to do is get a website up and running. From there, you can promote the items either through affiliate links or website product placements. You can also establish your own physical storefront where you can sell these products, too.

Create an edible marijuana foods business

From brownies to cookies to candy, there are so many way recreational marijuana can be incorporated into food -- and it can be very a lucrative business. Products can be sold online or in a brick and mortar store. You can even get your products carried by approved retailers if you create a wholesale service.

Start a security business

For businesses who make and sell recreational marijuana products at an actual storefront, security is a big concern. Ensuring that money and products are exchanged safely, and minimizing risk of robbery is a priority. Establishing a business that provides security guards as well as secured transportation can be a very viable option.