The cannabis industry has seen remarkable growth recently as all around the world, the stigma surrounding the plant has begun to fade. Because the misconceptions around its usage are fixed, many have seen the incredible home based business that exists due to this fact. There is a large amount of potential to create legal money with cannabis and in this article, we’ll look at some of the ways you could do this today.
Grow it Yourself
The first one is the most obvious. As cannabis is legalized, there arrives an opportunity to grow the plant yourself and harvest the product in order to sell to willing buyers. This can be very lucrative should you choose it right, but it really does require unique expertise, resources, not to mention – patience. This is a long-term game.
There is also something to be said about economies of scale here – often it makes a lot more sense from a financial perspective to cultivate in larger quantities, and this can be prohibitive for some people. But if you’re deep in the market and can get this to work – it can be a fantastic way to make money.
Invest in Cannabis Companies
If you’re not looking to get your hands dirty, then the next option would be to invest passively into companies that are in the cannabis industry. Some are already public traded companies, but many of them are still privately-owned which might make these deals hard to find. These could possibly be growers, manufacturers, brands, suppliers, or perhaps a range of other stakeholders that stand to benefit from the potential boom that the industry might see in the decades to come.
If you believe in the industry this is a smart way to leverage your funds and hopefully get a good return on your investment as things grow. You’ll want to be sure you understand the business you’re investing in and ensure that you trust their leadership, strategy, and market positioning. But if those boxes are ticked, then this could be a good option for you.
Invest in Individual Cannabis Plants
Additionally, there are opportunities to be much more precise together with your investment and spend money on individual plants instead of companies. Operators like CDBGrow will grow the plants in your stead, using your investment as financing, and paying you the returns on those individual plants if they are harvested and in love with. That is a really interesting model as you can cut out all of the middlemen in a normal company and take a easier bet on the supply and demand of cannabis as an industry.
It also gives you a far more direct reference to your investment which encourages better accountability and involvement in what’s happening. You can use your personal psychology to better yourself and your investments. It’s a business model that can be really powerful.
Those are just three types of how you can make legal money with cannabis. Whatever your expertise level or interest in the industry – there’s something for you. And by jumping into Marijuana in early stages, you stand to reap all the benefits of being truly a first mover. There’s lots to get worked up about here and there’s lots more to come. So, keep tuned in.
Design & Developed By VWThemes