2 Cannabis Publication Success Stories [2024]
Curious about the booming cannabis industry? Consider starting a cannabis publication. In simple terms, this business involves creating a media outlet focused on the latest news, trends, and insights in the cannabis world.
From in-depth articles to interviews with industry leaders, a cannabis publication serves as an informational hub for enthusiasts and professionals alike. You’ll need to dedicate effort to researching, writing, and building an audience thirsty for up-to-date content.
The market for well-curated cannabis information is expanding, driven by changing legal landscapes and growing public interest. If you have a knack for content creation and a passion for cannabis, starting a publication could be an insightful and impactful venture.
This business idea not only positions you as a thought leader but also taps into advertising and subscription revenue streams. For those willing to immerse themselves in the cannabis culture, the potential rewards are significant.
In this list, you'll find real-world cannabis publication success stories and very profitable examples of starting a cannabis publication that makes money.
1. Elixinol Global ($9.6M/year)
In the early 90s, the founder learned about the nutritional benefits of hemp seeds while traveling in Canada. This led to the idea of starting a hemp foods business in the UK, which eventually expanded into multiple ventures in the hemp industry. After many years of hard work and perseverance, the founder's businesses were merged under Elixinol Global, a publicly traded company that recently raised $120 million in funding.
How much money it makes: $9.6M/year
How much did it cost to start: $1M
How many people on the team: 35
Founder builds multimillion-dollar hemp products company from scratch, merging Hemp Foods Australia and Elixinol to become Elixinol Global, trading via the ASX with approximately 50-70% gross margins.
2. Tcc media ($264K/year)
Michael, a medical marijuana enthusiast, visited Arizona and noticed a gap in the market for reliable media featuring cannabis products. He decided to create a niche blog to fill this gap.
How much money it makes: $264K/year
How much did it cost to start: $50K
How many people on the team: 0
Cannabis Cactus Magazine, the only 100% independently owned & operated monthly cannabis publication in the US, has grown to a monthly revenue of over $20k with 90% customer retention, serving over 80,000 readers nationwide with a goal to educate and entertain cannabis consumers.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
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