The Hottest Revenue Stream In Cannabis

The Hottest Revenue Stream In Cannabis

Cannabis Delivery
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The cannabis industry continues to skyrocket as it’s legalized across the country and other parts of the world.  As the industry surges forward, new laws help change how cannabis businesses provide for their customers.  Cannabis delivery, for example, is heating up across California for the canna-businesses that took the next big step early and got a delivery license.

California’s Positive Cannabis Changes

Just in January of 2019, California legalized statewide cannabis delivery.  This removed the previous regulations that prevented the legal access to cannabis delivery throughout roughly 70% of the state. Before January, counties and cities could regulate or ban the trade as they pleased.

This essentially made it to where even though cannabis was legal across the state, neighbors that live on opposite sides of the same street that happen to be on the edges of their jurisdictions might not have the same legal access to cannabis delivery. For medical users across California, this was a pressing matter that the state took into their own hands through the newest law.

As of January 19th, cannabis delivery services can reach almost any address in California – and this includes the areas where retailers are still banned from opening a storefront.

New Wave of Cannabis Commerce

Landmark states that have already legalized cannabis, like California, are seeing a spike in business thanks to the overwhelming convenience of cannabis delivery. Since January 19th, the promise for delivery being the next wave in cannabis commerce is becoming obvious.  What many are considering the next trend for cannabis business, delivery services can help surge revenue for the retailers that jump in to take advantage.

The cannabis industry is already a record $10 billion and climbing, and prohibition is still affecting a large majority of the country.  A particularly explosive section of this industry is almost exclusively the new cannabis delivery sector. In fact, according to Statista.com, 44% of medical marijuana users across the U.S. regularly used a cannabis delivery service to buy their bud.  With legalization only having ramped up since then, it’s likely the numbers have only continued to increase, making the market ripe for cannabis delivery.

Start-Ups on the Ground Floor

Eaze Solutions Inc., a cannabis delivery start-up, has claimed that they can sell $1 billion worth of bud per year by 2020.  While that could be a hopeful boast from Eaze, current trends still indicate that the global legal cannabis market is expected to reach $146.4 billion before the end of 2025.

The legal cannabis market includes all CBD and THC-related products, including a range of strains, extracts, and consumables – all of which can be delivered right to someone’s door. While the cannabis industry clearly shows promise, the delivery sector is a shining beacon calling for all retailers before the market gets saturated.

The marijuana industry is hurdling forward in sales and business opportunities with no signs of stopping.  The delivery sector is particularly one we should be keeping our eyes on, as it delivers the most promise for growth and robust revenue.

As legalization heats up across the US, we can only expect delivery services to continue stepping up their game to meet the growing demand. Will your cannabis business be one of the ones taking advantage on the ground floor of the industry?  With delivery licenses allowing cannabis delivery anywhere in California, the chance is now, and the opportunity is here.

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