The cannabis industry has seen remarkable growth in recent years as all over the world, the stigma surrounding the plant has begun to fade. Because the misconceptions around its usage are fixed, many have observed the incredible home based business that exists as a result. There is a large amount of potential to create legal money with cannabis and in this article, we’ll look at a few 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 is very lucrative if you do it right, but it really does require unique expertise, resources, and of course – patience. This is usually a long-term game.
There is also something to be said about economies of scale here – often it makes a lot more sense from the financial perspective to cultivate in larger quantities, that can be prohibitive for a lot of. But if you’re deep in the industry and can make this work – it’s rather a fantastic way to earn money.
Invest in Cannabis Companies
If you’re not looking to get your hands dirty, then your next option would be to invest passively into companies which are in the cannabis industry. Some are already public traded companies, but a lot of them are still privately-owned which might make these deals difficult to find. These could be growers, manufacturers, brands, suppliers, or a range of other stakeholders that all stand to benefit from the potential boom that the might see in the decades to come.
If you believe in the industry this is a great way to leverage your funds and hopefully get yourself a good return on your investment as things grow. You need to be sure you understand the business you’re investing in and make sure that you trust their leadership, strategy, and market positioning. But if those boxes are ticked, then this could be a good option for you personally.
Invest in Individual Cannabis Plants
There are also opportunities to be much more precise together with your investment and invest in individual plants rather than companies. Operators like CDBGrow will grow the plants in your stead, using your investment as financing, and then 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 traditional company and take a much simpler bet on the supply and demand of cannabis as an industry.
perris cannabis dispensary 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 own psychology to better yourself as well as your investments. It’s a business model which might be really powerful.
Those are just three types of how one can make legal money with cannabis. Whatever your expertise level or fascination with the industry – there’s something for you. And by jumping into this industry in early stages, you stand to reap all of the benefits of being a first mover. There’s lots to get worked up about here and there’s substantially more to come. So, keep tuned in.