Innovative Business Verticals In The Marijuana Industry
As legal marijuana becomes more popular in the US and abroad, people are coming up with creative ways to capitalize on the trend.
Here's a look at some very interesting ventures in the cannabis world.
420 Flowers
Forget 1-800-Flowers.Com Inc (NASDAQ: FLWS), it's Buds & Blossoms’ time now. This Denver-based florist that specializes in pot-infused weddings takes buds "Straight from your bouquet to your bowl.” Owner Bec Koop was featured on CNBC’s Strange Success segment earlier this week.
The business started two years ago, when recreational marijuana was legalized in Colorado, with a $1,500 investment. In 2016, Koop has already served 12 weddings. Most of them include a “bud bar,” which costs up to $85 per hour.
“We’ve got weddings with upwards of 120 joins,” Koop added.
On top of weddings, Buds & Blossoms does parties, wine-paring dinners and yoga brunches. The business is now expanding to...
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