How to Start a Cannabis Edibles Business – the Good, Bad & Ugly
Cannabis Edibles (brownies, chocolates, gummies, etc) sales in the US and Canada are on pace to reach more than .1 billion by 2022.
With consumer-packaged goods giants making sizable investments in cannabis companies – such as Constellation Brands (https://www.cannabisbusinesstimes.com/article/constellation-brands-invests-canopy-growth/) – the category’s potential is unlimited.
By employing naming, branding and product development strategies already common in the consumer-packaged goods industry, cannabis edibles companies are quickly gaining market share and helping to normalize cannabis.
As the Cannabis industry hits mainstream, consumers will want more than smokables.
In this video, we are joined by special guest Bill Monroe, Cannabis Business Consultant and Chef Loren with Simply Baked and cover
1. Understanding the differences between edibles and smoke inhalation
2. Why edibles work
3. The Ups and downs of starting an edibles business
4. Edibles Business Roadmap (and discuss Licensing Agreements)
Minorities for Medical Marijuana, Inc (M4MM) is a not-for-profit 501c3 organization that is committed to a mission of providing advocacy, outreach, research and education as it relates to the political climate and issues of national importance around the business, social reform, public policy and health/wellness related to the Cannabis industry.
Minorities for Medical Marijuana: https://minorities4medicalmarijuana.org/
The JARVIZ Project is an online platform that provides financial education and research to over 90,000 millenials and minorities who are looking to educate themselves on money and learn how to use its power as a tool for achieving personal empowerment and financial freedom.
So the typical response when people think about investing is “I don’t have enough money”
and the reason why they think that is because typically someone would need a 0k or even move to the needle
So then it’s like what’s the point…
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We focus on what we call non-traditional investments; so that includes entrepreneurship, cryptocurrencies, cannabis, start-up & angel investing, real-estate, oil & gas fields, gold & silver mines and options & stock trading;
I mean you name it we’ve pretty much tried it trying to get better than average returns for our capital and time…
We cover a lot of what is called non-traditional investment assets
The reason why is that we’re talking about stuff that you don’t find on the New York Stock Exchange.
Regarding mutual or index funds.
We recommend that everyone have some as part of a diversified asset allocation strategy and we address it with a variety of educational resources and training on our channel.
But those don’t really excite us because for those types of investments you need 0k to make a few thousand.
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