how's it going today guys so I'm
continuing my series of talking about
different business ideas and possible
businesses to start in 2018 or going
forward and today we're going to be
I get into this I just want to make
almost like a disclaimer here obviously
there is a lot that goes into having a
legal pot related business so if this is
something you want to do you need to go
out there and understand the laws
yourself and understand the laws of your
individual state or wherever it is that
you are this is kind of a legal gray
area for some of these things it depends
on what state you're in as you guys know
some states have legal recreational
marijuana use some states have legal
medical marijuana use and in some states
it's still illegal for both forms of use
so make sure you're in a state that has
these things that are actually legal if
you're going to follow some of these
ideas for recreational use obviously
make sure you're in a state that has
legal recreational marijuana use so I
just want to throw that out there it
seems like a no-brainer but I just
wanted to make a point to say that but
what I would do is I would focus on this
idea for the area that you live in
because I think we most of us that have
determined now we feel that at some
point you know recreational marijuana
use will be legal in all of the states
in the US based on some states adopting
that and how it's been going for them as
far as tax revenue so you could almost
use this as a time to prepare to start
your own business but this is like
getting in on alcohol post-prohibition
because it's something that's going to
become legalized and it's like a clean
slate for anyone to get in on this
because nobody can do it just yet
so if you're in a state that doesn't
have legal recreational use there are a
ton of business opportunities out there
that will be emerging as soon as each
state has legalized recreational use of
marijuana so I think there are some huge
opportunities for people who are looking
to start a pot related business the
marijuana boom is a huge business
opportunity and legal pot businesses are
a gold mine as they created spin-off
businesses as well so yes you could open
a growler yes you could open a
dispensary but there are countless other
businesses
you could start outside of those two
things so most people would think about
opening a marijuana related business
would think okay I could grow marijuana
in a grocery and you know supply to
people who are using it for medical
purposes or I could dispense it legally
to people who can use it for medical
reasons or if you live in an area that
has legal recreational use you could do
those two things but I'm thinking
outside the box I'm thinking of other
spin-off businesses that many people
aren't even thinking about so that's
kind of what I'm focusing on I'm hoping
these ideas are ones you haven't heard
before because I didn't want to just go
out there and give you some generic
ideas that people have talked about
already so some form of marijuana use is
now legal in over half of all US states
and more and more legalizing every
single year so we are seeing more states
adopting you know legal use of marijuana
in some form I'm focusing on the
businesses outside of growing and
dispensing marijuana so number one my
first idea is a pop friendly
bed-and-breakfast
so a bed-and-breakfast where people can
go and they are allowed to smoke
marijuana either in the house or around
the house or in the backyard or whatever
is that you are offering them so
obviously this would have to be in a
state where recreational marijuana is
legal but I looked into this and Airbnb
which is the biggest site as far as
booking bed-and-breakfasts go they
actually have a section of the site
dedicated specifically to marijuana
friendly housing so there's a lot of
people that want to go traveling on
vacation and there's a lot of people
that indulge in marijuana and if they
are going to a house and they want to
smoke while they're on vacation they're
narrowing their selection down to a very
small number of houses okay so I'm sure
many of these people on Airbnb would not
be interested in people smoking in the
house
or on the property but you could appeal
to this very niche audience of people
who are looking to smoke while they're
traveling or on vacation so you could
also consider building an atmosphere
that would be catered towards marijuana
enthusiasts so I'm sure personally I
don't use it I know a lot of people do
it's not my thing but I'm sure as you
guys know there are certain things that
people who smoke marijuana they tend to
have certain interests in music or
artwork and things like that
so you could actually create like an
atmosphere that would appeal to these
enthusiasts so it's not so much a place
where they can go smoke it's actually
kind of a destination and so you could
create a very interesting experience for
someone who wants to come to your
bed-and-breakfast be able to indulge in
their use of marijuana and also have a
nice atmosphere that goes with it I see
a way to take this a step further you
could actually think about creating some
kind of pop friendly adult camp so
almost like campy would go to as a kid
with group activities but there's also
you know the use of marijuana there so
obviously again this would be somewhere
where it's legal but you could go there
with a group of people be around similar
people with similar interests and just
you know have a fun time and also be
able to use marijuana I know there are a
lot of places that have the same kind of
thing set up for people who want to go
party and drink while being at a camp so
it's kind of like childhood experience
mixed with the fun of being an adult and
consuming alcohol but you could do the
same thing with a pot business with
marijuana used instead of the use of
alcohol okay so the second business idea
is by far the one where I see the most
potential and that is through any kind
of consultation so offer consultation
services for those who are operating a
grower or a dispensary rather than
starting your own because that would be
a very expensive business to get into
why not learn everything you can about a
certain aspect of the business and open
up a consultation service so I just
listed a couple of examples guys but
there are so many more than this of
things that you can learn and just start
being someone that they contact and ask
questions and help them start their
business or improve their business
operations so for one thing you could
help a dispensary improve profit margins
help them determine pricing that also
ties in with the idea of helping them
select strains so maybe there's somebody
out there who wants to get in on this
they want to open a dispensary but they
don't know anything about marijuana this
would almost be like helping someone
open a wine store and deciding what
types of wines they should sell and help
educate them on what the different
strains are like in the flavors and
obviously the effects of the strains you
could work with a grower to help them
increase their yield and also things
like quality can
roll you could look into pest control
you could look into wondering there's so
many different things that go into the
process of growing that you could really
figure out something that you could help
coach these businesses at and help them
you know improve their margins and make
more money in the process
you could design groceries I'm sure as
you guys imagine there's a lot that goes
into an actual roll read and obviously
the lighting in the watering and the
housing you could help design these
groceries because as you can imagine the
more states that adopt legal marijuana
use there's going to be more people
opening groceries so there's going to be
a need for people who can design these
things as well as people who can go
build these things as well so you could
create a business of constructing
groceries or even just doing one aspect
of that maybe you do the watering
systems for them maybe you do the
lighting systems for them so these ones
too here maybe you're not just building
these things maybe you're designing
watering systems maybe you're designing
efficient lighting systems you know
there's so many potential things you
could do here with this I'm just
scraping the surface think about
regulatory compliance something totally
different
I'm sure if you are dispensing medical
marijuana or growing it there is a lot
of legal compliance you need to follow
so what if you are somebody who has a
skill as far as law goes in you maybe
you are a lawyer or you have some skills
with that you could help these
businesses with regulatory compliance
because I'm sure that's something that
they are not an expert at and they need
advice from an expert and then my last
example is just helping up a start-up so
maybe there's somebody who wants to
start up a business in the area maybe
they want to open a dispensary or
whatever it is they want to do you could
help people start up a pot related
business you could help them with social
media presence you could help them with
graphic design things like that there
are so many different things you could
do as far as consultation goes for pot
businesses and then my third business
idea is all about edibles okay so
there's a huge market for cannabis
edibles and what I see that says is you
could be the first person to make like
the edible bakery so the cannabis
edibles bakery so not just you know your
basic your basic pop brownie where
people make them at home or whatever you
could have really high-end baked goods
that are infused with marijuana and
again like I said like I'm going to just
repeat this again this
would have to obviously be in a state
that recreational marijuana is legal and
I'm sure there are other laws in place
as to not being allowed to eat these
things while you're in the business I'm
sure you have to take them home um but
there's a lot that goes into this when
you're saying make sure if you're going
to do any of these things you do your
own research but this idea isn't just
limited to two bakery items I could see
this ranging anywhere from the pot
brownie to high-end dishes infused with
cannabis so there are a lot of people
that actually cook with it and make you
know very exquisite dishes that you
could charge a lot of money for I know
again I'm sure you can't eat things like
this and then get behind the wheel of a
car but what you could do is offer
in-home dinner parties so maybe you go
there and you cook up for guests and you
offer like very high-end cuisine that's
infused with marijuana that people may
want to have with their friends invite
their friends over and obviously
everyone's in a safe place at that point
but that's one thing you could do but
the other thing I thought of as well is
many people enjoy smoking while eating
and very similar to wine pairings you
could offer select them cannabis
pairings to their dish - depending on
what they're eating so that's just
another way you could tap into that
high-end market but again you could also
just do like a full-blown edible bakery
and tap into that low-end market but I
see a lot of potential with edibles you
know things outside of just growing or
dispensing pot in my opinion I think the
big opportunities are going to come from
the spin-off business it's not so much
growing it or dispensing it and you know
there are so many other businesses out
there I just kind of wanted to pick my
three favorites if you guys like these
business ideas I could do a follow up
video of some more ideas but these will
be these would be my top three favorites
as far as them some of them are very
cheap to get up and running as far as
you know creating some kind of
consultation type business there's not a
lot of expenses you just have to really
educate yourself on one aspect of this
business anyways guys that's all I got
for this video if you enjoyed this video
please drop a like if you are new to my
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always I thank you for taking the time
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you
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