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Medical Cannabis Opportunities South Africa

dagga jobs south africa

Medical Marijuana South Africa 2018

The Constitutional Court has ruled that the private cultivation, possession and consumption of cannabis is legal. This doesn’t mean that, like America, South Africans can start retailing marijuana and weed-infused products. But, it does mean that a lot more people will be freely using, carrying and growing cannabis and therein lie numerous business opportunities.

It’s quite legal to start a business in an industry that is related to, or supports, the cannabis industry but doesn’t involve directly selling weed. If you think that there’s no money in the budding South African weed industry, take a look at how well America’s industry is doing.

WHAT WOULD AMERICA DO?

The number of marijuana-friendly states in America is steadily growing, with Canada becoming the second country to fully legalise cannabis. Considering the local developments that have made the personal use of marijuana legal, it may be time to start investigating the profitability of a cannabis-related company.

Cannabis stocks are also skyrocketing — in 2016 the cannabis stock index grew by 236%, according to Viridian Capital Advisors, a financial advisory firm specialising in the marijuana industry. A new report from New Frontier Data reveals that the legal cannabis market will create more than a quarter of a million jobs in the US by 2020.

BUILDING A BUSINESS

You can offer products to help weed users to grow, carry and use their marijuana within the privacy of their homes. Here are 11 cannabis business opportunities you can take advantage of right now.

Cashing in on cannabis accessories

Just like football fans buy T-shirts of their favourite teams, or anime fans buy bags or figurines of their favourite characters, weed users will also start looking for accessories to enjoy their hobby.

Cannabis accessories can include: Water pipes, hand pipes, ashtrays, bongs, vaporisers, grinders, rolling trays, filters, and rolling papers.

There are plenty of examples of online or bricks-and-mortar retailers that sell marijuana-related accessories, such as vaporisers, apparel, glass bongs, water pipes, funnels, beakers, grinders, adapters and much more.

How you can launch this business opportunity:

If you’re a talented glass blower, woodworker or metalsmith you can create custom commissions for cannabis enthusiasts. As owning these accessories continues to de-stigmatise, they can become proud display pieces for some.

You can also put fun, marijuana messages on t-shirts, dog collars and anything you make yourself or buy and rebrand. There are endless opportunities for your weed accessory business.

An indoor incubator

Consumers living in cities who want to grow their own cannabis will need some help, especially since there will be many newcomers entering the industry. This is where you come in. You can develop or import a self-contained growing-chamber that produces high quality buds.

It resembles a mini-fridge and can fit anywhere in a private residence.

LEAF’s ‘plug-n-plant’ system can help any novice cannabis grower. LEAF has smart-phone operated humidity and temperature controls, automatic nutrient dosing and smell-dampening carbon filters.

Cash Crop 5.0—6 Plant LED Hydroponics Grow Box can offer a consumer a larger crop with buds growing two or three-feet tall, with a promise to produce up to 2,5kgs of crop annually.

How you can launch this business opportunity:

You can either become an importer of this product from LEAF directly, or through Amazon, Alibaba, or develop contacts from the original company and buy in bulk. If you’re scientifically minded, you can invent your own version and undercut the current market.

Build Apps and platforms for weed users

Any new business will need assistance building technological solutions such as e-commerce apps, websites or even platforms. You can offer solutions for marijuana-adjacent businesses by developing programmes and apps to make their business operations run smoother.

With the impending rise in cannabis-related entrepreneurs and online retailing businesses, there will be a greater need for software developers going forward.

How you can launch this business opportunity:

If you’re looking to put your coding skills to work in the cannabis industry, start now and develop a reputation for good work.

This will enable you to find a steady stream of work when cannabis becomes legal in all forms in the foreseeable future.

Offer a safe and convenient storage option

Convenience for users is vital when trying to capture a section of the market. You can offer a product that allows users to smoke and store their weed simultaneously. This will ensure that marijuana is never lost, and everything is kept in the same place.

420 Science invented the innovative Kargo 2, which combines a seven-inch water-pipe with a built-in stash jar to safely store the user’s flowers. It also boasts three different percolators, which offers the user more variety to choose from.

How you can launch this business opportunity:

You’ll need to do research into what South African marijuana users are looking for. Then you’ll need to go about designing and creating your own version, which will offer convenience and variety while being practical and helpful to the user.

Considering that a version of this product already exists in the US, you can always import it in bulk and sell it to the South African market. Just ensure you watch your margins, you don’t want to charge too much; but you also need to make a profit.

If you’re launching or running an advisory firm, you could focus your entire business on the weed industry and following its performance. Another possible business opportunity is developing a cannabis department to assist those expanding into that area.

If you don’t want to dedicate your entire business focus to cannabis or launch a marijuana department, you can always ensure your team has the knowledge to assist a customer wanting to know about the growing South African weed industry. This will help you to expand your customer base and ensure you never turn customers away due to a lack of Cannabis knowledge.

Read more below on how you can take advantage of the new budding dagga business in South Africa legally.

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