The cannabis industry has seen remarkable growth recently as all over the world, the stigma surrounding the plant has begun to fade. As the misconceptions around its usage are fixed, many have seen the incredible business opportunity that exists therefore. There is portland cannabis 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 may be the most obvious. As cannabis is legalized, there arrives a chance to grow the plant yourself and harvest the product in order to sell on to willing buyers. This can be very lucrative should you choose it right, but it surely 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 the financial perspective to grow in larger quantities, that may 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 that are in the cannabis industry. Some already are public traded companies, but a lot of them are still privately-owned which can make these deals hard to find. These could possibly be growers, manufacturers, brands, suppliers, or 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 this is a smart way to leverage your funds and hopefully get a good return on your investment as things grow. You will want to be sure you understand the company you’re investing in and make sure that you trust their leadership, strategy, and market positioning. But if all those boxes are ticked, then this may be a good option for you.
Invest in Individual Cannabis Plants
Additionally, there are opportunities to be more precise with your investment and spend money on individual plants rather than companies. Operators like CDBGrow will grow the plants in your stead, making use of your investment as financing, and then paying you the returns on those individual plants if they are harvested and in love with. This can be a really interesting model as you can cut out all the middlemen in a traditional company and take a easier bet on the supply and demand of cannabis as an industry.
It also gives you a far more direct connection with your investment which encourages better accountability and involvement in what’s going on. You can use your own psychology to better yourself and your investments. It’s a business design that could be really powerful.
Those are just three types of tips on how to make legal money with cannabis. Whatever your expertise level or interest in the – there’s something for you personally. And by jumping into this industry early on, you stand to reap all of the benefits of being a first mover. There’s lots to get excited about here and there’s substantially more to come. So, keep tuned in.