Cannabis Business

Business Idea: Start A Cannabis Business in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$272K
Avg Startup Costs
$13.7K
Score
87
Market Size
Avg Revenue
Min Revenue
$2.5K/month
Max Revenue
$3.1M/month
Avg Days To Build
120 days

Have you ever thought of starting your own cannabis business?

The cannabis industry has been continuously growing throughout the years. The legal marijuana sales are projected to reach $22 billion by 2022.

No matter your level of experience, the cannabis industry has a lot to offer. There are inspiring stories of entrepreneurs that made it big in this particular industry.

Revenue & Profitability

How much do cannabis businesses make?

Learn more about how much money cannabis businesses make.

Startup Costs

How much does it cost to start a cannabis business?

  • It can cost as low as $1,000 to start a cannabis business.
  • It can cost as high as $150,000 to start a cannabis business.

Learn more about the costs of a cannabis business.

Examples Of Successful Cannabis Businesses

Successful cannabis business businesses and case studies

How Nate Lipton built a $35M plant-growing empire, with an e-commerce store generating $2.9M per month, a cannabis growers forum earning $100k per month, and a YouTube series gaining 100k views per month, all while navigating through regulatory obstacles in the cannabis industry.

$3.1M Monthly Revenue
$150K Startup Costs
Read by 13,368 founders

Learn how Michael Berk founded and grew Cannabox, a monthly cannabis subscription box, to have an MRR of $350,000 and 11,000 subscribers, by being a pioneer in the industry, hiring the right people, staying humble, and using SEO, email marketing, and social media.

$350K Monthly Revenue
Read by 15,425 founders

See full list of successful cannabis businesses.