Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. The cannabis business has become big business with many facets. As such, surprisingly getting involved with the drug is not necessary to partake in it. The following contributed post is entitled, The Business Of Cannabis Without The Drug.
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Cannabis and the legalization thereof has always been a controversial subject. However, many states of the US have legalized the drug, and as such, the US market for marijuana is now worth over $60 billion. Additionally, while countries like the UK don’t allow the smoking of the drug, products made from cannabis or hemp are legal.
CBD oil is a prime example where the active psychoactive ingredient, THC, has been removed. The removal of THC makes the product legal in the eyes of the law. However, there are many other products made from cannabis. With the cannabis accessory market now a global economy, now is a critical window to capitalize on the emerging sector of cannabis-related business.
As with any global consumer product, cannabis maintains a steady satellite economy. This economy focuses primarily on the use of accessories used to consume the drug. Just like smartphone cases is a thriving industry, the cannabis accessory industry with things like preroll packaging, hookahs, and grinders, is also a growing sector. It is currently worth over $3 billion itself.
CBD Oil and Tablets
THC-free CBD oil is widely available in the United States and the United Kingdom. CBD is used for pain relief, reducing stress and anxiety, and certain forms of epilepsy. However, THC is known to be a superior epilepsy treatment. But the fact remains that CBD is a significant and helpful market. Additionally, CBD is safe to use and non-addictive, so you can become a vendor safe in the knowledge that you aren’t harming anyone.
The many applications of cannabis for things other than consumption have been widely known for millennia. For example, over thousands of years, hemp, a derivative of cannabis, has been used as a material for making everyday items such as rope, clothing, and paper. The use of hemp for such manufacture dates back to 8,000 BC in ancient China.
Beauty and Skin Care Treatments
Hemp and cannabis are also safe to use on your skin. The active ingredients combine with creams and oil treatments such as naturally produced body butter, face moisturizer, and soap. In addition, hemp will treat the skin as it can prevent oily skin and moisturize without clogging pores – a common problem with traditional products that can cause acne and blemishes.
Cannabis Pet Treats
Animals can benefit from the plant as well. Numerous cannabis products are entirely safe for animals. Like humans, and according to 79% of vets surveyed, cannabis oil and tablets can help reduce pain in cats and dogs and reduce animal stress and anxiety. The product is an additive to traditional animal treats such as dog snacks, so you will have no trouble getting your dog or cat to eat it.
In summary, the cannabis market is a huge opportunity to make money. However, you may not agree with drug consumption or be comfortable making money from it. Fortunately, it is possible to develop many products using cannabis to cultivate a safe and legal business. Such products include accessories, CBD oil for medical applications, and hemp products.