The cannabis industry has seen incredible growth in recent years as the stigma surrounding the plant around the world is beginning to fade. As misconceptions about its use have been corrected, many have seen the amazing business opportunities that exist as a result. There is tremendous potential to make legal money from cannabis, and in this article, we’ll look at some of the ways you can do it today.
The first one is the most obvious. With cannabis legalized, there is an opportunity for those who are willing to grow the plant, harvest the product weedime, and sell it to a buyer of their choice. This can be very lucrative if done right, but in practice, it requires unique expertise, resources, and, of course, patience. This is a long game.
Something to say about economies of scale here. Often, from a financial standpoint, growing in larger amounts makes far more sense and may be prohibitive for some people. But if you are deep in the industry and can do this, it can be a fantastic way to make money.
Invest in individual cannabis plants
There is also the opportunity to invest in individual factories rather than companies that are much more accurate with investments. Operators like CDBGrow grow plants on your behalf, use your investment to finance them, and then pay a return on those individual plants when they are harvested and sold. This is a really interesting model because it can cut out all the middlemen from traditional companies and make a much simpler bet on supply and demand for cannabis as an industry.
It also provides a more direct link to investments that encourage better accountability and engagement in the work in progress. You can use your own psychology to improve yourself and your investments. It’s a business model that can be really powerful.
These are just three examples of how you can make legal money with cannabis. Whatever your level of expertise or interest in the industry, there’s something for you. And by entering the industry early on, you can reap all the benefits of being a first-mover.