Recreational and medical marijuana markets are booming. According to new findings from ArcView Market Research and BDS Analytics, the global licensed dispensary sales of cannabis will reach $40.6 billion by 2024, with the US accounting for about 73 percent of that market.
According to market analyst predictions, cannabis delivery is the industry’s fastest-growing sub-market. Many licensed facilities implemented new delivery services over the past year, which proved to be a game-changer.
Case in point is marijuana delivery service Nug Avenue, which was founded in February 2021. Growing rapidly from nothing to nearly 200 deliveries per day, the company aims to provide an easy, safe, and discreet method for customers to acquire high-quality cannabis products legally.
“Back in the day, when you were hanging out with your friends and wanted to get high, what did you do? You called your weed dealer and set up some sketchy meetup,” said Jamie Steigerwald, CMO of marijuana delivery service Nug Avenue. “Once weed became legal, customers had more choices, and they didn’t have to hide anymore. Now they can enjoy the convenience of same-day home delivery.”
Nug Avenue’s success might have something to do with being located in Los Angeles. As the world’s sixth-largest economy, California in particular has become an industry hotspot. Since twenty-five percent of the state’s population lives in Los Angeles County, Nug Avenue CEO Jimmy Chan has called it “the prime spot for the expansion of our business.” The company offers same-day delivery of curated brands in all of Los Angeles county and has begun expanding into Orange County and the Inland Empire.
Taking the next step and dispelling fears
According to Steigerwald, developing their delivery service was logical, since it made marijuana more accessible. “Thanks to companies like ours, you no longer have to travel across town to refill your cannabis supply. You can just order online and have it hand-delivered to you at home. We pride ourselves on our professionalism — you’ll receive a discreet sealed pouch that won’t alarm your neighbors.”
Cannabis delivery, the hottest concept in the industry, may seem like a perfect service for folks who frequent dispensaries. However, it’s not without critics. For those who worry that more accessibility could bring more crime, put more impaired drivers on the road, and increase teen usage – so far, there is little or no evidence to support these fears. After states like Colorado and Washington legalized marijuana, some problems popped up with edibles, but the more paranoid scenarios failed to materialize. After new rules were implemented and clerks got better at guiding the previously uninitiated, even those issues evaporated.
Like other dispensaries that deliver cannabis products, Nug Avenue works to verify customers’ ages. The company requires recreational customers to produce a valid government ID proving they are over 21. Medical customers can order cannabis delivery with a valid government ID proving they are over the age of 18 and a valid medical marijuana card issued in California.
Welcome to the future
Customers have come to rely on marijuana delivery services like Nug Avenue, and these businesses are here to stay. Market growth like this bodes well for the future. In this sense, the “new normal” may be even better than the old.