How to make money in medical marijuana industry

The market for weed is growing like, well, a weed. And that boom has been helped by the legalization of cannabis in Canada and a growing list of states. For those who are looking to profit from pot, either through investments or other means, the time is. Here are four ways to make money from legal marijuana. The marijuana business is no longer an underground network. Instead, you now find marijuana-related companies listed on major stock exchanges in the U. S and Canada. That’s right: Mrdical can roll pot into your portfolio. Several larger marijuana companies in the U. If you’re new to investing, an automated investment service might be an easy way to get started.

Where is marijuana legal?

In June, more than cannabis industry insiders gathered there for a weekend of bonfires, starlit hikes and river swims. Their appetite is almost certain to increase as it becomes easier to legally access the drug and the industry continues to promote pot as compatible with a healthy adult life. In California alone, tens of thousands of farms grow the plant, which is increasingly processed into gorgeously packaged vape pens and edibles marketed to customers outside the core stoner demographic of young men. Today, seniors are the fastest-growing group of marijuana users in the US. The future looks very green indeed. While white Americans use marijuana and other drugs at roughly equal rates to African Americans and Latinos, in virtually every respect, racial minorities have been disproportionately incarcerated and otherwise punished for involvement with drugs, including selling marijuana. In addition, marginalized groups — Aids patients, disabled people, veterans — who championed legalization when it was far riskier to do so now find themselves ill-equipped to compete against well-capitalized corporate refugees looking to jump on the bandwagon. The story of Amber Senter, a businesswoman and activist who attended the weekend campout, dubbed Meadow Lands, goes some way to explain why racial equity will be as difficult to achieve in cannabis as it is in the rest of American life. Senter moved to Oakland, California, in A coast guard veteran with a background in corporate marketing and graphic design, she worked as an executive at Magnolia , a dispensary, and became a prominent advocate for women of color like herself in the industry. Oakland, the birthplace of the Black Panther party, is known for radical politics and racial tensions. It was among the first US jurisdictions to recognize legalization as an economic opportunity and has sanctioned dispensaries since But in November , her business partner signed a memorandum of understanding to open a dispensary with Marshall Crosby, a personal trainer in his 50s who did qualify. One of eight children, he said he had several bullets lodged in him and had served stints in jail. On 31 January, Crosby had some good luck. Oakland put the names of a few dozen equity hopefuls into a lottery and pulled names to see who could pursue a dispensary license. Crosby was among the four winners.

Become a grow master

In this multibillion-dollar market, you might be asking yourself how you can make some green off this rush. Instead of getting high off your own supply, why not check out these money-making tips? Being a grow master is one of the most important and lucrative professions in the marijuana industry. While salaries for the position vary depending on location, an edibles chef typically has years of experience in the culinary arts. One of the most famous edibles chefs is Chris Sayegh. With the laws surrounding legal marijuana becoming increasingly convoluted, cannabis consultants have become integral because of their expertise in weed-related regulations. A good consulting company offers help on licensing, design, construction and cultivation. Think you have what it takes? These companies have job boards, you know. Head to Weedhire. The position requires extensive experience in organic chemistry, specifically in using hydrocarbon solvents. Some companies require their techs to have years of direct experience in the cannabis extraction business, while others are looking for Ph. Want more info? Start with CannaRecruiter. Why not create your own job? Take Colorado native Joel Schneider, for example. Schneider is planning on expanding to California in the near future. If all else fails, maybe you could even become a marijuana tester! Hustles 5 Ways Smart People Are Cashing in on ‘s Weed Industry Boom From grow master to edibles chef, these are some of the most lucrative jobs in the marijuana market. The Best Travel Bloggers on Instagram.

Latest News

New laws went into effect in in the State of Colorado. The laws are very simple and to the point. This how to make money in medical marijuana industry great news for most since our research shows that with the right organization the profit margins can be incredibly inviting. We are going to break this matijuana to the best of our ability, so you can see what options you have and what might be the best fit for you. Many people think that cannabis stocks are the easiest and correct way to go. Undoubtedly, many cannabis stocks have now leaps and bounds since their inception and have doubled, tripled and grown at alarming rates. With hundreds and even thousands of cannabis stocks to choose from and the steady growth of cannabis stocks, we definitely believe cannabis stocks are here to stay. Our belief is to locate an expert in this field and give it a go. Cannabis grow facilities or cultivation centers are very interesting to evaluate. In the great State of Colorado, there are many indoor facilities and many outdoor facilities—with different advantages to. The indoor facilities grow and harvest year-round. An indoor facility automatically creates a distinct advantage since the weather never gets in the way of the growth process. The temperature and humidity are set to perfect ranges mske that the end result should be very consistent and almost a perfect product. In our research, we have found that the disadvantages to the indoor facilities are the amount of water and electricity that it takes to maintain the indoor facility. The indoor product sells for a higher price than the outdoor product, yet it could be vulnerable to the market if the overall prices were to shift downward. The planting season starts in mid to late May so frost or freezing conditions can be avoided.