Cannabis Review Business

Cannabis Review Business Success Stories [2024]

Pat Walls

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Updated: October 6th, 2024

Interested in capitalizing on the booming cannabis industry? Launch a cannabis review business. This involves providing unbiased, comprehensive reviews of various cannabis products, from edibles to oils and strains.

By creating an authoritative platform, you can help consumers navigate the complex and rapidly growing market. Start by sampling products and crafting detailed, honest reviews. Building a reputation for reliability and thoroughness is crucial.

Monetization can come from affiliate marketing, sponsored content, and premium memberships for exclusive content. It’s a venture that requires a keen understanding of cannabis products and excellent communication skills, but the demand for credible reviews is substantial. Dive in, and you could quickly become a trusted voice in an expanding industry.

In this list, you'll find real-world cannabis review business success stories and very profitable examples of starting a cannabis review business 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

How I Started A $1M/Month Hemp Products Company That Is Publicly Traded In Australia

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.

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2. Parkdale Brass ($120K/year)

Shawn Santiago, the founder of Parkdale Brass, came up with the idea for his business while working as a web developer for a digital agency that created cannabis websites. He noticed that most existing cannabis products had similar designs and were made from materials that often arrived broken. This inspired him to create his own brand, focusing on classic, luxury, and durable designs using brass. Since its launch in 2019, Parkdale Brass has gained recognition from prominent publications like Forbes and Weedmaps and has seen an average of 10k in monthly sales.

How much money it makes: $120K/year
How much did it cost to start: $1K
How many people on the team: 1

How I Started A $120K/Year Business Selling Cannabis Pipes Online

Parkdale Brass specializes in mindful cannabis use and their high-end, vintage-inspired brass pipe, The Brockton Mk2, has been featured in Forbes and Weedmaps, with the company now seeing approximately $10k in monthly sales and focusing on expanding their product line and B2B sales.

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