Thinking of starting your own edibles company?
From bakers to chefs who produce high caliber desserts
to die hard entrepreneurs cultivating their own cannabis,
there are plenty of opportunities
for those looking to get in on the action
If you want to start and maintain a successful marijuana ediblesbusiness, Start Your Collective can help. With over eight years of proven experience and more than 800 clients served all over the state of California, we have the tools to help you plan, start-up, and maintain a successful edibles business.
With the onslaught of new laws and regulations that have popped up in the past few years in California, it can be very confusing to try to sort through everything on your own. Even when you do, the regulations that are in place today might be totally different tomorrow.
Rather than do it on your own or pay large fees to lawyers, turn to the knowledgeable professionals at Start Your Collective. We are familiar with the legalese and the nuances of the laws and can guide you through the process, ensuring a smooth and satisfying outcome.
In 2014, the infused product market generated anywhere from $650 million to $850 million. In 2015, medical cannabis generated almost three billion dollars in sales, and with the upcoming changes to licensing and distribution set to begin on January 1, 2018, that figure is set to almost double, with a $5.4-billion-dollar expectation in revenue. Now is the time to think about what it would take to start a business for cannabis edibles.
The reason for that high number is simple. Not all people inhale. Many people who do not smoke would still like to experience the benefits of both medical and recreational marijuana. The edible cannabis industry provides exactly what these people are seeking in the form of chocolates, gummies, hard candies, baked goods, soda and a plethora of infused products.
It is well known that foods infused with cannabis are processed in the body differently than other, more traditional methods, like smoking or vaping flower. It takes longer for the THC to move through the body before reaching the bloodstream and there are a number of factors that can slow down or speed up that process, like how much and what type of food is in your stomach, as well as how comfortable you are with cannabis in the first place.
People have different reactions to edible marijuana products. But the general opinion is that it is a wonderful, convenient, discreet, and potent way to consume cannabis without smoking. Foods infused with cannabis are becoming a very popular vehicle for marijuana consumption. Since the stigma attached to smoking isn’t present, it opens up the market even further for profit and success.
Colorado became the first of two states to legalize marijuana for non- medical, or recreational use in 2012. In 2014, the law went into effect and, since then, multitudes of entrepreneurs have brought their ideas and business plans to Colorado, hoping for a chance to see their dreams become a reality. The market there generated more than one billion dollars in sales in 2016, which is about one sixth of the national revenue. Considering that Colorado is approximately one eighth the size of California, the potential for success is staggering.
It is projected that, by 2021, the cannabis industry will surpass twenty-two billion dollars in revenue. For these reasons, as well as the potential for revenue generation, contact Start Your Collective today to learn about how to start an edibles business in California.
Legislation in the state of California is constantly changing. Regulatory bodies are creating new rules every day that must be followed to the letter in order to obtain and maintain licensing. From production to distribution, there are hundreds of points to consider when attempting to startup an edible marijuana business in California.
We are ready to make your dreams of owning and operating a infused cannabis startup in the state of California a reality. Why wait? Contact us today!