Medical Marijuana is a Booming Business

Earlier this year the Attorney General Eric Holder indicted that the DEA would end the arrests on the state approved medical marijuana dispensaries. This has created a booming business opportunity for those businesses whom have ties with the marijuana industry.

Businesses such as smoking accessories have benefited from the increase supply and demand of the legalization of Marijuana. Websites such as GotVape.com, VaporHerb.com and online stores offering medical marijuana supplies.

Other businesses that has also received a boost in revenue, has been the hydroponic industry. Hydroponicing has become a focal point in the Marijuana industry. Companies such as GrowOp Technologies a leading hydroponic company. GrowOp Technologies is putting marijuana growing on wheels for a fee of $10,000 to $60,000.

Schools have also become a popular option in the Medical Marijuana business. Marijuana schools are offering a variety of curriculum’s on the legalization and growing of Cannabis. One of those schools is Oaksterdam University. Oaksterdam University has locations in California and Michigan. Oaksterdam is driving the educational process to educate the public on the do’s and don’t s of the cannabis business. If you are looking for an online course medicalcannabisacademy.com is offering curriculum’s to take online.

HempCon is an organization which produces and displays Medical Marijuana trade shows. In February 2010 HemCon sold out the Los Angeles Convention Center. The show was designed to promote the Marijuana industry, as a whole. HempCon is the premiere Medical Marijuana trade show organization in the United States. HempCon will be conducting their next trade show in the San Mateo Event Center on August 6-8.

Not to forget the dispensaries themselves. They are receiving record sales from newly transformed medical marijuana patients. Insurance companies are also getting into the action. Monarch E&S insurance is offering “Dispensary Insurance.” The insurance covers property and general liability which can include limited theft coverage on cannabis stock and inventory.