6 Business Ideas for People Looking to Cash in on the Marijuana Boom
The Wild West of weed is on fire with entrepreneurial opportunities. Potpreneurs across America are legally growing, curing and cooking the skunky stuff in record numbers. As those who cultivate and sell the plant grow, so do the offshoot businesses sprouting up around them.
Kristopher Fowlkes, founder and CEO of Pinnacle Consultation, a Colorado Springs, Colo.-based consulting firm that helps marijuana farmers streamline and increase yields, says ancillary cannabis startups are popping up across America mainly for two reasons. One, they’re generally less risky than growing and distributing pot from a legal standpoint. And, two, traditional businesses, such as banks, still don’t want to touch those who directly touch the controversial plant. After all, pot’s stigma, like its stink, is strong and hard to get rid of, though forward strides are being made every day.
“Small-business people are swooping in where the big guys won’t,” Fowlkes tells Entrepreneur. “They’re...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
Follow us on Instagram
Connect with us on Linkedin