Best Places In The World For Making a Living In The Cannabis Industry

Don't you think there's a way to make it so that the government can regulate/test the quality to make sure everything is good with it and allow people to start their own businesses without millions of dollars in the bank lol. It just seems possible to me that people could start a place alike a coffee shop or something or whatever and be able to grow their stuff, make sure it's good and still be successful without millions of dollars… I'm talking about 10-20 years from now, but still.

SnapsProvolone said:

Open a hydroponics store. They're banking. Lol

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Are they really making that much money? What kind of company helps support a commercial grower?

LetsGetCritical said:

Australia. draconian laws = $350 ounce quality very much unimportant

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Highly illegal? Surrounded by water lol.

er0senin said:

Uruguay

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Have you had experience or know someone who has? What kind of business opportunities are there? How much is it sold for there? I mean everything from electricity cost to everything else is probably different there… Do you live there?

There are LOTS of ways to make a living out of the cannabis industry without growing or selling cannabis; you aren't thinking out of the box.

I heard about some guys creating a business of paper towels and toilet paper made of recycle weed stem/foliage..unlimited supplies, save some trees ! And meet a lot of farmers.

potpimp said:

There are LOTS of ways to make a living out of the cannabis industry without growing or selling cannabis; you aren't thinking out of the box.

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I think you are right. Feel free to share any ideas.

kristobal said:

I heard about some guys creating a business of paper towels and toilet paper made of recycle weed stem/foliage..unlimited supplies, save some trees ! And meet a lot of farmers.

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Isn't this illegal in most parts of the world? Do you know where they were located?

Breezee77 said:

I think you are right. Feel free to share any ideas.

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If you tell everything you know, everybody else will be smarter than you because they know everything you know plus what they know.

The reason a lot of people do not recognize opportunity is because it usually goes around wearing overalls looking like hard work.
— Thomas A. Edison

Breezee77 said:

I think you are right. Feel free to share any ideas.



Isn't this illegal in most parts of the world? Do you know where they were located?

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it was in colorado if i remember well.

I am also looking into this for my family. While big money may hold much of the business, I am thinking that there is still opportunity for those who have a bit of startup money. We are specifically focused on Colorado, but it will still be a little bit before we make the move. Still need to make sure we have a firm grasp on the rules before we pull the trigger.

Goodluck to you! Worst case, im sure that living in these states, one could work with the growers and dispensaries to make some living money. All while growing their max allowed plants, and selling those wherever they could.

nothern california

the cops are an issue if you arent smart/discreet. Even with "legal medical grows" that are supposedly legal under ca laws they will cause problems. but u can find wholesale buyers easily if u grow good product and its easy to keep quiet cuz 9/10 people could care less or are growing themselves. And truthfully if u can grow stealthly, selling the product is generally the hardest part, and places like santa cruz u can get good money for your crop consistently and easily, tho generally not legally.

its all about that 707 mendocino here!!!!!!!!

Rentaldog said:

I am also looking into this for my family. While big money may hold much of the business, I am thinking that there is still opportunity for those who have a bit of startup money. We are specifically focused on Colorado, but it will still be a little bit before we make the move. Still need to make sure we have a firm grasp on the rules before we pull the trigger.

Goodluck to you! Worst case, im sure that living in these states, one could work with the growers and dispensaries to make some living money. All while growing their max allowed plants, and selling those wherever they could.

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That's a great idea! Do you live in colorado now? Any idea of what kind of business to start up? I like the idea of the coffee shop type thing. If there is some way to do it without millions of dollars that would be great too!

Breezee77 said:

That's a great idea! Do you live in colorado now? Any idea of what kind of business to start up? I like the idea of the coffee shop type thing. If there is some way to do it without millions of dollars that would be great too!

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I feel like it would be easiest to start out with a cultivation license and grow legal marijuana. Theres quite a few fees, and the regulations are pretty intense, but if you can jump through the hoops I think that would be a good place to start. From there you would network with established shops to sell your product, and if you were smart you could use that to get a feel for the market. What products sell the most, really just find out what people want.

From there it would be a matter of keeping your legal grow going, and then eventually moving on to opening your own shop to sell from (*way* more money needed, and tons more regulations) if it seemed like you could make money doing that.

Honestly, right now it seems like it will be tough to start up in Colorado for regular guys on the street. While Marijuana might be "legal" there right now, they set up so many hoops for people to jump through that it kind of makes sure only people who have money to start with have the opportunity to get in. I hope that eventually they let the rules and regulations slip so that the market is more easily accessible.

Rentaldog said:

I feel like it would be easiest to start out with a cultivation license and grow legal marijuana. Theres quite a few fees, and the regulations are pretty intense, but if you can jump through the hoops I think that would be a good place to start. From there you would network with established shops to sell your product, and if you were smart you could use that to get a feel for the market. What products sell the most, really just find out what people want.

From there it would be a matter of keeping your legal grow going, and then eventually moving on to opening your own shop to sell from (*way* more money needed, and tons more regulations) if it seemed like you could make money doing that.

Honestly, right now it seems like it will be tough to start up in Colorado for regular guys on the street. While Marijuana might be "legal" there right now, they set up so many hoops for people to jump through that it kind of makes sure only people who have money to start with have the opportunity to get in. I hope that eventually they let the rules and regulations slip so that the market is more easily accessible.

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This is exactly how I feel about it.. I don't know a lot about starting a legal grow in colorado (that's where I'm assuming your talking about) that you are actually legally allowed to sell your product. I heard those sensors they make you put on the plant are $125 each… They seem to be making it in Colorado almost impossible for a regular guy to make money with all the regulations… I really hope this turns around because there are a lot of good people out there that would love to do grow or whatever for a living..

I don't understand why they don't just make it so the dispensaries have to strictly test the product, make sure they are not selling to anyone under age and collect a fair tax, which would allow for the industry to open up.

The way they are regulating it, the state seems to be making all the money, which is unfortunate for the small guy…

If anyone knows a state right now that you can actually set up a legal grow and sell it to dispensaries (I think this is illegal in most states), but maybe in California or something you can… not sure. I think someone told me in California you can, but I don't know any details about it…. If anyone does please share.

Breezee77 said:

All those states you mentioned are in Med states except Denver, where it's legal for recreational use. What parts of the industry are booming in those areas? Are there any opportunities for small time growers without a lot of capital? That's what scares me about Colorado and Washington… Well I'm not that familiar with those places, which is why I made this post, but from what it seem they are taxing the crap out of it to the point where there's no opportunity for small guys to actually make money at it. If you want a small time grow, your still not allowed to sell it are you? Don't you have to have a dispensary in order to grow & sell in Colorado?

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In Seattle you can put up table in a "farmer's market" and patients come to you. Most markets are open day seven days a week, and have their own advertisements so customers shouldn't be a problem. To get a table at one of these places its about 1800 dollars a month. At markets ounces typically go for about 100 to 200 dollars(some as high as 280). If you don't wanna go thru the trouble of renting a spot at the market you call sell your crop to a dispensary for somewhere around 125 an ounce (depending on quality and the dispensary in question). Recreational weed is a joke with prices Starting around 25 dollars a gram PLUS tax. Also recreational has to pass analysis before it can be sold.

Weed is completely legal in North Korea.... no joke

THCarlton said:

In Seattle you can put up table in a "farmer's market" and patients come to you. Most markets are open day seven days a week, and have their own advertisements so customers shouldn't be a problem. To get a table at one of these places its about 1800 dollars a month. At markets ounces typically go for about 100 to 200 dollars(some as high as 280). If you don't wanna go thru the trouble of renting a spot at the market you call sell your crop to a dispensary for somewhere around 125 an ounce (depending on quality and the dispensary in question). Recreational weed is a joke with prices Starting around 25 dollars a gram PLUS tax. Also recreational has to pass analysis before it can be sold.

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This is cool. How about the winter time? So seriously, if the best stuff is $280, what kind of stuff does the guy to the stand next to you have for $100? Seems pretty low price when the stores have them for a lot higher of a price…

Rentaldog said:

I feel like it would be easiest to start out with a cultivation license and grow legal marijuana. Theres quite a few fees, and the regulations are pretty intense, but if you can jump through the hoops I think that would be a good place to start. From there you would network with established shops to sell your product, and if you were smart you could use that to get a feel for the market. What products sell the most, really just find out what people want.

From there it would be a matter of keeping your legal grow going, and then eventually moving on to opening your own shop to sell from (*way* more money needed, and tons more regulations) if it seemed like you could make money doing that.

Honestly, right now it seems like it will be tough to start up in Colorado for regular guys on the street. While Marijuana might be "legal" there right now, they set up so many hoops for people to jump through that it kind of makes sure only people who have money to start with have the opportunity to get in. I hope that eventually they let the rules and regulations slip so that the market is more easily accessible.

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Cultivation license? See, I heard Colorado that it's almost impossible to start a business right now because you are competing with all the big money… From what I heard that all the business people that had decent jobs before it went legal hate it now that it's legal… That's just what I heard from a friend who just went there… Didn't get a lot of details.

With all the regulation and hoops that they have right now in Colorado, how much profit do they really have at the end of the day? You have to buy a GPS tracking device for every plant that is $125 each time! How can the average person make a profit on that when they are growing at a small scale? I know they don't want to screw anything up, but damn… Let the free market work… Quit cutting the small guy out just so the government can take everything… That's called comunism… Maybe try Canada, where I heard the government recently made it illegal for anyone except themselves to grow because of "house fires"… Or maybe they just want to control the prices…

Breezee77 said:

... You have to buy a GPS tracking device for every plant that is $125 each time! ...

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?

Depends how you define "best place". Because the reality is the best place for making money is the place with the strictest laws and punishments. Forget anywhere with even a semblance of legality.

The mmj legal field is a joke... many places need millions in bank to prove they can sustain a lose of crop ect. Then 200k for year liscence and 25k non refundable app fee..

Honestly, how can someone justify all the fees? Possibly cause people who pay have some political friends who have hands in the jar and usually will pay fees with money which doesnt belong to them.

Get a medical card and grow your own. Sadly, if you want to profit in the buiseness then you have torisk everything you own and grow for a dispensary ans then sell to.dispnsary for a check which then pays tax which is fed crime.

After political people ride the wave of legalization hype and sales slow down assume that cigarette companies will take over with cheap garbage pesticide filled weed. Not meds...

Then finally they may offer you a store.opportunity if your willing to risk your lifes savings against a well established and oiled system.

On a side note, theres a million ways to profit if your willing to take the risk. My personal view is that the risk shouldnt exist when your illing to pay the tax