The crypto market has a lot in common with the marijuana market. Hence my avid interest in both. One thing I always advocate is, only invest in what you understand and have a passion for.
About about the legal marijuana market
The global legal marijuana market size was valued at USD 21.0 billion in 2023 and is projected to grow at a compound annual growth rate of 25.7% from 2024 to 2030. Increasing demand for legal marijuana is a major factor in growth of the market. Recently, many countries have legalized the use of medical marijuana for treating various conditions. For instance, in June 2023, Luxembourg legalized possession and cultivation of cannabis for recreational use and became the second European Union member country to legalize it. In addition, North America (the U.S. and Canada) has gone a step further and has sanctioned the use of recreational marijuana as well. More than two-thirds of the U.S. states have legalized marijuana.
A by-product of this growing market is the developing ecosystem supporting the growth. That includes the thousands of new operating licenses and the huge increase in entrepreneurial activity. And what do all these new companies need? Domain names.
This is a great time to be snapping up catchy names in the marijuana space before the rush. And you will be pleased to know there are plenty of quality names still available.
Three areas that we like are online stores, advisory and cryptocurrency. These are all in their infancy right now but as more countries legalize so entrepreneurial activity will expand. And of course if the US Federal Government legalizes there will be a massive rush to be part of this revolution.
In this article I would like to talk about three domain names with strong profit potential, two com’s and one .net.
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CannaAdvise.com
Registered 2017
Comparables
CannaAdvisors.com is for sale for $5k
Valuation
GoDaddy valuation $2,026
Valuation key points:
- Memorable: cannaadvise.com is easy to remember.
- Great extension: Uses the .com extension.
- Short: cannaadvise is 15 characters or less.
Price $395
Our Assessment
All industries need advisors and the marijuana industry is no different. CannAdvise.com is the perfect name for anyone considering entering the advisory side of marijuana. A price of $395 is a bargain basement price considering it is significantly less than the GoDaddy valuation and also less than a tenth of the price of CannaAdvisors.com arguably a less attractive and catchy name. It’s an ideal name for a flip with a target price of between $2,000 and $3,000.
MarijuanaCash.com
Registered 2011
Comparables
MarijuanaDollar.com for sale for $13,388
Valuation
GoDaddy Valuation $2,217
Valuation Key Points
- Valuable keyword: cash is a high value keyword that has an average sale price of $2,524.
- Popular keyword: cash is a widely used keyword.
- Memorable: marijuanacash.com is easy to remember.
Possible uses for MarijuanaCash.com
Marijuanacash.com could be used for various purposes related to the financial aspects of the marijuana industry, such as:
- Online platform for cash transactions within the marijuana industry.
- Financial services tailored to marijuana businesses, like banking, loans, or investment opportunities.
- Informational website discussing cash flow management, revenue generation, or financial regulations within the marijuana sector.
- Marketplace for buying and selling products or services using cash within the marijuana industry.
- Educational resources on handling cash in a marijuana business, including security measures and compliance with financial laws.
Price $2,295
Our Assessment
We like this name a lot. It’s very catchy and has many possible uses and end users. We think the GoDaddy valuation is irrelevant here. If someone wanted to launch a marijuana based cryptocurrency for instance this would be an ideal name and command a price north of $10k. It’s one to buy and hold.
OrderMarijuana.net
Registered 2013
Comparables
OrderMarijuana.org recently sold for $1,750
Growing-Marijuana.org sold for $1,506
Valuation
GoDaddy Valuation $2,194
Saw valuation $9,000
Key valuation points
- Highly recognizable and understood by the public.
- 5th most registered extension, and one of the most valuable.
- 7 extensions taken.
Price $690
Our Assessment
Based on comparable sales and valuations we would expect a price of between $1,750 and $5,000 on any flip leaving an owner with a significant profit on this competitively priced domain name.
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This blog does not represent financial advice. Readers should always seek independent financial advice. Never invest more than you can afford to lose and remember an investment in domain names is high risk.
