marijuana

Will Marijuana Get Advertising Agencies High?

Peter · January 17, 2017 · 1 Comment

Will Marijuana Get Advertising Agencies High?

This is an update to a post I wrote in July, 2015. I must admit that I was right then that marijuana will get advertising agencies high. High as in offering a brand new multi-billion dollar product category that needs agency services. All of them – product design, PR, PPC, SEM, website design, social media, print advertising and on and on. The reason for this update is the Newsweek article, “Here are the businesses taking marijuana products into the mainstream”. Here is a bit from the article. I suggest that your savvy agency will figure out how to get on board this fast moving train.

“With roughly 22 million Americans consuming marijuana on a monthly basis in 2015 and nearly 37 million people admitting to using pot at least once a year, marijuana brands and companies are increasingly looking to reach new consumers with upscale products that go beyond weed’s reputation as an easy high for people who like to wear tie-dye shirts and listen to mellow music. The push is aimed at offering a greater variety of ways for people to consume cannabis, whether they are first-time users or people who may have smoked grass back in the day and are looking to ease back into the drug now that it is legal.

“If you look at what traditionally people think of when they think of a pot shop, they’re thinking of a place with Bob Marley posters in it. There’s nothing mainstream about that. That’s not how you sell anything, but for some reason, that’s how people think you sell pot. That’s got to evolve,” Adam Bierman, CEO and co-creator of MedMen, a California-based marijuana management firm, said during a phone interview.

The marijuana industry is now a $6.7 billion business, according to Forbes. Figures this high aren’t easily achieved, especially not with down-market products sold in cramped stores covered in marijuana symbols, Bierman said.”

FYI, the photo of the Bob Marley product above is from Portland’s Bridge City Collective, a two-shop business that I invested in two years ago. I saw the marijuana train coming down the track and got on board very early. I am including the photo because it is an excellent example of where marijuana industry branding is heading.

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So, Will Marijuana Get Advertising Agencies High?

Yes.

But, do not take my word for it. 502DATA is a website that reports on Washington State’s marijuana industry. Take a look at the sales numbers and… you tell me? Will marijuana get advertising agencies high? Um, drive advertising agency revenues higher? Seems logical.

Here are sales numbers for Washington’s producers, processors and retailers in today’s early-stage market. Then imagine that this is a national business that will inevitably experience consolidation.

But, for now just be amazed at the growth of a brand-new product and service category. A big one. Total 2015 Washington marijuana sales could go beyond $400,000,000 in 2015. [Read more…] about Will Marijuana Get Advertising Agencies High?

The Business Of Marijuana & Advertising

Peter · March 6, 2015 · Leave a Comment

The Business Of Marijuana & Advertising & Publishing

I’ve written a bit about the burgeoning marijuana industry and the new business opportunities for ad, digital, social and PR agencies (see a link to articles at the bottom of this post.)

In Portland alone, there are over 35 medical marijuana dispensaries and each one has driven incremental business for a wide range of suppliers including landlords, contractors, interior designers, security firms, lawyers, accountants, venture capitalists, safe companies (each dispensary has at least one), package and graphic designers, ad agencies and publishers. I have a good take on this business because I am an investor in two medical marijuana dispensaries.

To give you an example of how crazy this business can be. Here is what I did yesterday (and why.)

I was in Vancouver, Washington meeting an illustrator friend for lunch. I then went to take a look at two fully recreational marijuana shops. This means that you can just walk in, prove that you are over 21 and then a buy marijuana as you would cigarettes or wine. What was massively interesting was that one of the stores (on Main Street, literally) had 22 customers at 2PM on a Thursday. There weren’t 22 customers buying wine at a single wine shop at 2PM.

Later in the day, I was in the back room of a Portland marijuana shop photographing the store’s ‘joint roller’ and getting a couple of artisanal ‘art’ joints (like the one above). Yes, joints.

So, now the why…

In case you are wondering, I am not at all a big stoner.

But, I am starting a small publishing entity that will cover this huge and growing market. I am currently shooting photographs for two small books (“Joints” and “26 Dispensaries”). I will add other small books (imagine portraits of bud tenders) and apparel based on a new brand that will be coming to a browser near you. All of this will eventually be used as Kickstarter rewards for the funding of a large book on the industry.

I will keep you posted on my progress.

Marijuana Links & The Start Of A Discussion About This new Billion Dollar Industry

Here are the articles I’ve written on the subject.

3 Baby Boomer Presidents And Marijuana IS Still Illegal – Huh?

Peter · August 27, 2012 · 1 Comment

Legalize marijuana, right? Wouldn’t you have thought that Clinton / Bush / Obama would have figured this one out? Isn’t this why we HAVE Baby Boomer presidents?

That’s what many of us wanted and thought. But, it seems that in addition to our presidents, not all of us actually do. According to a poll by Mason-Dixon Polling and Research:

“The poll found that respondents identifying themselves as Republican and over 65 years old were more likely to support using federal resources “to arrest and prosecute individuals who are acting in compliance with state medical marijuana laws*. ” More than 80 percent of the youngest respondents, voters under 34, favored “respecting state medical marijuana laws.”

*These are the same people, mostly Republican, that preach that individual states should have the right to pass their own laws as in less federal government – like they scream it. That is, I guess, unless, they don’t like pot.

Want more? Read Kush (yes there is a Kush Magazine.)