How To Make Legal Money With Cannabis

The cannabis industry has seen remarkable growth in recent years as the stigma around the plant worldwide begins to fade. As the misconceptions about its use are fixed, many have seen the incredible business opportunity that exists as a result. There is a great deal of potential to make legal money with cannabis and in this article we will look at a few of the ways you could do that today.

  1. Grow Your Own

The first one is the most obvious. As cannabis is legalized, there is an opportunity to grow the plant yourself and harvest the product in order to sell on to willing buyers. This can be very profitable if you do it right, but it really does require expertise, resources and, of course – patience. This is a long-term game.

There’s also something to be said about economies of scale here – it often makes much more financial sense to grow in larger quantities, which for some people may be unreasonable. But if you’re deep in the industry and can make this work – it can be a great way to make money.

  1. Invest in Cannabis Companies

If you’re not looking to get your hands dirty, then the next option is to passively invest in companies that are in the cannabis industry. Some are already publicly traded companies, but many are still privately owned which may make it difficult to find these deals. These could be growers, manufacturers, brands, suppliers, or a range of other stakeholders who all benefit from the potential prosperity the industry could see in the coming decades.

If you believe in the industry this is a great way to leverage your money and hopefully get a good return on your investment as things grow. You will want to make sure you understand the company you are investing in and make sure you trust their leadership, strategy and market position. But if you tick all those boxes, then this might be a good option for you.

  1. Invest in Individual Cannabis Plants

There are also opportunities to be much more precise with your investment and invest in individual plants rather than companies. Operators like CDBGrow will grow the plants for you, use your investment as finance, and then pay you the returns on those individual plants when they are harvested and sold on them. This is an extremely interesting model because you can cut out all the middle men in a traditional company and take a much simpler bet on the supply and demand of cannabis as an industry.

It also gives you a more direct connection to your investment that encourages greater accountability and involvement in what happens. You can use your own psychology to improve yourself and your investments. It’s a business model that can be really powerful.

Those 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 jumping into this industry early, you stand to reap all the benefits of being a first mover. There is much to be excited about here and much more to come. So, stay tuned.

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