Have you been thinking about getting into the legal cannabis industry? Maybe you aren’t quite sure how to launch a new cannabis brand or don’t want the additional overhead costs of a retail location, such as a dispensary.
I can see why you are interested in going into the marijuana market.
According to CNN Money, “The emerging industry took in nearly $9 billion in sales in 2017, according to Tom Adams, managing director of BDS Analytics, which tracks the cannabis industry. Sales are equivalent to the entire snack bar industry, or to annual revenue from Pampers diapers.”
These figures were released and reported in January 2018, so they do not reflect the additional sales numbers from the now-legalized recreational marijuana, which “Adams estimates that national marijuana sales will rise to $11 billion in 2018, and to $21 billion in 2021.”
That is a huge market in the United States alone and it makes sense that a budding entrepreneur would want to launch themselves into it and take advantage of the continuously growing industry.
If you are not interested in starting your own physical dispensary location, your best bet will be to have an e-commerce store. In an online store, you’ll be able to create and sell your own branded merchandise and products.
Not sure where to start and want to be able to sell more than just branded tee shirts and hats? You may truly want to sell cannabis products, but don’t have or have access to a team of scientists and researchers to create new cannabis products from scratch. This process would include creating and individually testing multiple formulations, formal clinical trial, and creating the product.
With MyDx360, your new brand and MyDx can partner together to create an entire line of cannabis products!
Take advantage of our database of user effects from different strains of cannabis – the largest in the world!
Here is how it works.
Let’s say you want to a cannabis oil which specifically targets people who have insomnia. Or anxiety. Or headaches. Pick an ailment you’d like to address for your customers.
MyDx360 will go through the process of creating and identifying the correct formulation for your needs, and then go through formal clinical trials. We then license the formula to you and your brand.
Through your website, you can sell the branded cannabis oil, even alongside our own ECOSmartPen, which is a state-of-the-art vaporizer pen with great safety features like dosage control, reminders, and even a child safety lock to protect against anyone using the vaporizer without your permission.
MyDx360 can even provide different products with the same or other formulations, to create an entire line of cannabis products. Other options include edibles, drinks, pills, and even topical body creams!
You can start a brand new cannabis brand without your own team of research and development people – MyDx can be those people for you, and help you launch a new brand in record time!