Although the days of cannabis prohibition are far from gone, access to the plant has increased dramatically in the past couple of years. With 19 states allowing recreational cannabis use and more than 30 allowing residents to use cannabis for medical purposes, millions of people now consume cannabis. Data shows that around 48 million Americans have used cannabis at least once, and more than 3 million consider themselves recreational users.
As more states have adopted pro-cannabis policies, there has been an influx of marijuana-friendly vacation rentals, especially in states that allow recreational cannabis. All of the states that allow recreational cannabis use have outlawed public consumption, meaning people are only allowed to consume cannabis in private. However, this presents a significant challenge to a potentially lucrative segment: cannabis tourism.
Tourists who travel to states with recreational cannabis markets often lack a place to consume cannabis as most hotels do not allow indoor smoking. This locks out a segment of the market that could generate millions of dollars in cannabis sales. Cannabis-friendly vacation rentals are the answer to this problem.
These are vacation locations that allow guests to consume cannabis on site. Most of them are listed on Budandbreakfast.com, a website where guests find vacation spots that allow cannabis use. Even though the site has only 2,000 listings, interest in the cannabis-friendly rental segment is growing rapidly. Data from Forbes shows that despite being in its infancy, cannabis tourism is already worth $17 billion.
Entrepreneurs are looking to cash in by providing cannabis-friendly accommodation to cannabis tourists. Some particularly enterprising individuals are including a host of services to make them stand out from the crowd. For instance, Nicole Butler offers CBD massages, a fully stocked cannabis bar with a range of strains and cannabis education at her Washington, DC, rental for $420 per night.
Budandbreakfast.com, the site that allows guests to connect with cannabis-friendly hosts, was launched back in 2015 by Sean Roby. Although he and his business partners weren’t very optimistic about the chances of hosts allowing cannabis consumption on their properties, Roby says the site now sees dozens of bookings per day. These properties are in such high demand that some places are now booked out up to six months in advance, he says.
Listings on the site indicate the specific regions in the home where guests can smoke and whether the marijuana will be provided or guests should bring their own. These listings also provide information on cannabis dispensaries in the area and whether there are any marijuana-friendly events in the area.
The increasing proliferation of cannabis-friendly hosts and vacation rentals is sure to give the sales of marijuana producers such as Prime Harvest Inc. a boost because the rentals answer a nagging question about where visitors can consume their marijuana once they legally source it but can’t partake in public places such as restaurants and hotels.
NOTE TO INVESTORS: The latest news and updates relating to Prime Harvest Inc. are available in the company’s newsroom at https://cnw.fm/PRIME
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