Selling Edible Cannabis Products for Profit!
What You Need To Know Before Selling Cannabis Edibles
The production and sale of cannabis edibles products has grown by over 1000% in the past couple of years in the United States. Everyone with a stove and an apron all of the sudden wants to make cannabis brownies, cookies and cupcakes and sell them to their neighbors.
There are edible cannabis products that are produced with THC in them so they are psychoactive and get the user “High”. And there are also edibles made without the psychoactive component or also known as “CBD-rich” products that are produced strictly for health-related reasons.
Laws very greatly from state to state on how and where the edibles are created. Some states require the use of a commercial kitchen, and for the cannabis butters and oils that are used to have been produced on site. Other states have looser laws, and do not oversee the production of edibles to such an extent.
Regardless of which state the edibles are made in, they cannot be transported across state lines. This makes it very difficult for operators of edible cannabis products to have a national brand. To get around this, some brands open production facilities in multiple medical marijuana states, or at times, sell a license to local producers to use their brand name and recipes for a fee of each product sold.
At Cannabis Training University, students learn amongst many other things, how to cook with cannabis, how to make hash, and how to use a machine called the Magical Butter Botanical Extractor for making delicious treats.
Career Outlook for Cannabis Edibles Cooks and Business Owners?
The potential for edible cannabis products is very strong, partly because of the lack of competition from the illegal black market. Chefs that know how and what to make will be in great demand across the market. Entrepreneurs with the right combination of product, marketing, and ability to sell it can quickly be making money hand over fist.
What Are the Costs Associated with Starting a Cannabis Edibles Business?
Although less expensive than opening a retail cannabis store, the edibles business has its share of expenses as well. Some of the expenses involved with starting an edibles cannabis business are:
• Hiring Staff
• Sales & Marketing
• Website Development
• Childproof packaging
• Kitchen Equipment (Commercial Kitchen in some states)
• Rent (if renting space for cooking)
• Purchasing of Cannabis
• Product Testing
In California, the average baker of edible cannabis products struggles to make a ton of money on it since most dispensaries in California take edibles on consignment.
If they do not sell, the baker gets nothing. California is also the most flooded with cannabis businesses and entrepreneurs. Then on the extreme opposite end are big companies like Dixie Elixirs, a Colorado based company that reports sales in the $40 million per year range.
Some of the most popular makers of delicious cannabis edible products are:
-Baked By Charlie
-Goodies Green Label
-Sweet Grass Kitchen
-Happy Seed Edibles
To succeed as a cannabis edibles producer it takes some experimenting with different and unique recipes. To learn how to make edible cannabis products, click below.