It’s finally happening. Marijuana businesses are gaining legitimacy. In fact, many of these companies have begun selling stocks and gathering lots of funding.
Here’s a list of a few companies to keep an eye on. These start-ups all look poised to grow rapidly and make a huge impact on the industry.
Our purpose is to, “Allow the human body to repair, restore, and rejuvenate itself.”’
Phoenix Life is looking to create cannabis-based medicines that are designed to heal the body without the poisonous side effects of synthetic drugs.
Their list of focuses is ambitious (and likely achievable):
- Aging-associated conditions
The company, based in Denver, has already received a great deal of funding and continues to seek investors. They will begin selling their first medicines by April of 2017.
Seed & Smith – “It’s what’s on the inside that counts.”
Nearly every company that makes marijuana vaporizer cartridges simply accept whatever their given by suppliers, relabel it, and call it their own. This means that the quality can vary greatly.
Truman Bradley, the founder of Seed & Smith, is establishing a new paradigm. The company is a vaporizer company that will be in complete control of the entire process from the growing of the plants to delivering the product to the consumer.
Seed & Smith has quickly gathered $1 million in investments. The company was even featured in Business Insider.
This company may change the way that business is done by marijuana firms.
One thing has been missing since marijuana became legal in some US states – the ability to track marijuana from the field to the bong.
WeedTraQR provides exactly that. When Washington State passed their recreational marijuana law, they made it mandatory for firms to track and provide to the public a complete accounting of the origins of their marijuana, who if was transferred to, and how it go to the consumer.
This mobile app puts that information right at your fingertips. Everything you need to know about the origins of your weed are on your phone. Their SaaS solution accesses this data as simply and easily as one might look up Facebook or Twitter. If only we could get the same information about our aspirin or dinner, the world would be a very different place.
Mobile Apps for Smart Dispensaries
Kushmoda, Inc. hit the ground running this year. The company based out of Santa Cruz, CA has created a platform that allows marijuana dispensaries and delivery services to build and manage their own branded mobile apps. The software allows dispensaries and deliveries to:
- Create and manage menus
- Create loyalty and rewards programs
- Accept credit card purchases
- Send out push notifications
- Promote daily deals
- Inform patients of strains and effects
- And more
Kushmoda has built over 100 mobile apps for dispensaries and delivery services nationwide just within the last few months. The high demand for this software stems from the fierce competition which dispensaries are facing. Dispensaries are realizing that in order to survive they need to begin using tools which increase customer retention. The rapid growth of this start-up is attracting some of the biggest investors and companies in the industry.
One of the efforts that has been made by sellers of marijuana is to provide a child-resistant, odor-controlling solution to how to package their products. FunkSac does that. For medical and recreational marijuana sellers, FunkSac allows them to ensure the safety and freshness of their product without a lot of expense.
Based in Denver, CO, FunkSac is a veteran-owned business that is answering this need with a very consumer-friendly solution:
- Child and pet resistant
- Puncture resistant
- Odor controlling
- Made in the USA
- Fully customizable
A new product needs a new form of packaging and FunkSac provides that. There are thousands of great marijuana start-ups in the US, Canada, and around the world. These are just a few, but they are great examples of the innovation and business-sense that entrepreneurs are bringing to this new industry.