With the legalization of recreational cannabis across Canada being officially announced as of October 2018, businesses were already bursting with anticipation. The long-awaited establishment of the Canadian marijuana industry promised to open up new horizons for business owners and customers alike, yet what we are currently witnessing is a post-marijuana legalization massacre, or better said, a real mess-acre.
The tiny cannabis jungalow, which is probably the most precise way to refer to what was expected to be a Bel Air type of cannabis business landscape, is becoming increasingly difficult to design, or in other words, to navigate, since legal cannabis sales are faced with the voracious competition of the black market.
On top of that, the multiple regulations regarding legal cannabis sales continue to impart additional tension among the government, the consumer market, and business owners, since what everyone was expecting was a cannabis goldmine yet many ended up trapped into some sort of a faulty cannabis gold rush.
Did business take it too far in their out-of-this-world cannabis sales prognosis and analyses? What are the best ways to maximize profit in the current cannabis business landscape?
As the old saying goes, while some see their glasses as half-empty, others see them half-full. And indeed, while there are numerous challenges in front of Canadian cannabis entrepreneurs, there are also multiple ways to benefit, as long as one keeps up his/her business perspectives in alignment with what the clients truly crave for.
One of the most underestimated segments of the Canadian cannabis industry is none other but marijuana seeds sales. And ironically, it is exactly selling cannabis seeds which happen to be one of the best ways to increase profit in the ongoing post-legalization fiasco.
First-time Marijuana Users Rates in Canada Spiking Up after Legalization
According to a national survey reported by Statics Canada, more Canadians said they have used cannabis recreationally since it the legalization last fall.
About 5.3 million people (18%) reported cannabis use, as compared by early indications pointing out to pot use standing at 14% prior to legalization.
As further highlighted by Statistics Canada health analysis division senior analyst, Michelle Rotermann, what is “unique” about the figures based on the survey’s participants-accumulated insights is the number of respondents who stated they are using cannabis “for the first time,” since in this case, they started using marijuana in the post-legalization period.
What’s more, the big picture only becomes even more intriguing to cannabis businesses, especially when taking into account that about 330 000 Canadians said they have tried cannabis for the first time in the first three months of 2018, as only a year later, the numbers whopped up to 650,000.
Will this tendency grow in the foreseeable future? There seems to be no doubt about it, and it might be surprising to find out that it is not only the young part of the Canadian pot society falling into the 20-30 age bracket that grows but instead, cannabis use is becoming increasingly popular among the baby boomers generation.
On another note, though, according to the senior policy analyst at CAMH (the Centre for Addiction and Mental Health), J.F. Crépault, there is a dark side to the increase in first-time pot users, as this may indicate a spike in longer-term, problematic weed use, or better-said abuse.
However, if we are to trace Colorado’s example on pot use that followed after legalization, cannabis use spiked at the very beginning but then rates slowly went back down to reach about the same rates of pot use as in other states where the herb actually remains illegal for recreational use.
With Colorado’s example in mind, experts highlight that one of the best ways to maximize profit in the post-legalization business landscape in Canada is to act as quickly as possible. Maybe you have been considering which would be the most profitable cannabis business niche to tap into for quite some time now, or maybe you have just started eyeing the market for delectable business opportunities? The truth is, the time to get down to action has come, because thinking, planning, evaluating, and ultimately, delaying, is what is sure to suffocate your potential paybacks, or to be more precise, it is a sure way to give it all up to the competitors.
Ultimately, there is no other segment in the newly born pot industry that can grant better long-term business gains than selling cannabis seeds, so as far as maximizing profit is concerned, you’d better equip yourself with a healthy dose of determination and establish a fruitful relationship with wholesale cannabis seeds suppliers.
Indeed, it is worth considering the benefits of purchasing cannabis seeds in bulk for your best business’ sake.
Seeds are easy to store for up to 2 years provided some pretty basic conditions are met, so if you plan on bringing your business to the next level within the following years, there is no better way to do so than simply granting people the opportunity to grow high-quality cannabis straight at the comfort of their homes, and freely choose to use the harvested plant material for its multiple beneficial applications.
The Green Medication of the Future: Selling Cannabis Seeds = Impacting People’s Lives for the Better
As of now, the greatest proportion of cannabis users in Canada are estimated to be aged 18 to 25 and to make up for about 30% of the entire Canadian pot users community based on age. Interestingly, though, as briefly mentioned above, an increasing proportion of new cannabis users aged 45 and older is spotted, and is further noted to be on the rise.
Researchers are positive that the rise of new pot users is not a “straw fire effect,” which is a term used to refer to something that burns brightly within only a very short amount of time before it goes back down.
Instead, the visionary business owners are already catching a whiff of the promising tendency for more and more people aged 45+ to finally let go of the ugly cannabis stigma and start exploring the amazing benefits of the green medication.
Thus, business owners can easily realize that maximizing profit when it comes to selling cannabis seeds, even in the post-legalization massacre, is bound to bring sufficient paybacks in the long run, despite most (if not all) of the hype going to edibles sales, CBD products sales, and nonetheless, cannabis-laced beverages sales.
Well, guess what?
Growing cannabis from seed allows people to use the plant material they harvest for the preparation of delicious, individually-tailored marijuana-infused drinks, foods, topicals, and even homemade CBD Oil at a fraction cost.
If your business appreciates the cannabis consumer market genuine need to grow weed from seed, you will, indeed, succeed (and the rhyme will play in your mind on repeat as you take a seat and watch the numbers in your bank account exceed what you were hoping to achieve through your cannabis business deed).
Another portion of insightful data regarding cannabis users in Canada as of May 2019 in Canada is that the average age of a Canadian pot user is 38.
Many cannabis users across the country are men. In fact, cannabis use has increased among males with some decent 8% in 2019, as compared with 2018.
When it comes to cannabis consumption rates among females, no change has been observed so far, but reflecting on innovative, revolutionary cannabis-based weed lubes that are targeted at the female consumer market, it seems like a no brainer that women who enjoy consuming cannabis (aka “lifted ladies”) as part of their healthy lifestyle, beauty, and wellness routines, are bound to grow in the following years.
Meanwhile, even though almost daily and daily cannabis use rates remained unchanged after legalization, both occasional, as well as weekly use has increased.
As to the skeptics who remain victims of the cannabis stigma, claiming that more Canadians using cannabis might lead to more Canadians opting for weed in an early stage of their lives, and/or a bigger number of Canadians using marijuana more heavily than prior to legalization, CAMH experts highlight that not everyone in the population of cannabis users is harmed, so national quarterly reports should not be used as a set in stone indicator on that matter.
Furthermore, if we look up to the example of the U.S. states where recreational and/or medical marijuana are legal, there has been a promising reduction in opioid-based overdoses, and this has much to do with the undeniable benefits of cannabis which is not a gateway drug as the cannabis propaganda claimed for years but it is the green medication of the future that even the Big Pharma can’t wait to take a grip on (although, if you are to hang around cannabis users long enough, you are sure to learn that 99% would prefer growing their own green medication rather than having to be 100% dependable on cannabis products sold at pharmacies).
In fact, cannabis holds such promising benefits against opioid addictions, that Vancouver’s Downtown Eastside has been unofficially providing cannabis for free to the people who use injection drugs, all for the sake of harm-reduction.
Still, wondering about the best ways to maximize profit when faced with the post-legalization farce? As veteran cannabis users would tell you, the seed is the thing, for just as the wise saying goes, some see a weed, while others seed a wish. Selling cannabis seeds is not about profiting from selling just an ordinary product; it’s about making a profit by helping your customers’ wishes come true.