Marijuana edibles are set to boom in the next few years, and now is the time to invest. Seriously. Setting up your own edibles business isn’t as complicated as you may have through – and it is something that you should consider.
By having edible marijuana stocks on your radar now, you have the potential to set yourself up for the largest long-term gains before legal sales kick off. When Canada officially approves of marijuana edibles, these company can easily expand its edible operations up north – which means more hype and more money. So, while stocks are a great option, the potential for growth operating your own edibles business is as high as the sky.
These examples below show that it can be done – and done well.
The ‘Hermes’ of Pot – Pricey, But Worth The Investment
Beboe is a California-based luxury cannabis line that some have called the “Hermes of Marijuana.” The company was founded by celebrity tattoo artist Scott Campbell and longtime fashion executive Clement Kwan, and feature key pot economy products like designer vaporizer pens, edible pastilles, and other curios expected to roll out this year.
Beboe products are sold through 65 stockists across California as well as via full-service medical marijuana delivery. The edible pastilles retail for $25, while the pre-filled vaporizers retail for $60 a piece.
Weed infused coffee, mints and sweets
Kiva creates cannabis-infused confections that range from chocolate covered espresso beans, medicated mints, and cannabis chocolate bars. The company has a dozen edible offerings and hundreds of dispensaries in California, Arizona, Nevada, and Illinois — and nabbed a “best edible” award at the San Francisco and Los Angeles High Times Cannabis Cup in 2013 (aka, it’s good stuff!).
Kiva products are sold in stores in Arizona, Nevada, California, and Illinois. While prices can vary, the candy bars range from $10-$20, while the Petra mints are about $15; the chocolate covered espresso beans and blueberries between $18-$20.
Edibles are fun and profitable. Would YOU invest in an edibles business?
Let us know!