As you may know or do not know, cannabis or marijuana is getting a lot of attention lately. The legalization of the plant is growing day by day – up to 25 states have already legalized cannabis in different forms. This legalization act is actually bringing about a huge change in the economy for everyone; huge companies like Microsoft are investing on the idea of it while some local dispensaries are likewise earning out of it. In fact, according to ArcView Market Research, a cannabis research and investment firm, the retail sales of legal marijuana today will jump up to 30% from 2015. They predict a jump from $5.4 billion dollars to $6.7 billion dollars, that’s an increase of $1.3 billion in just a year!
With the rise of the cannabis industry, opportunities are sure to come with it. Since the whole industry is still relatively new, there will definitely be new jobs and new businesses growing on the horizon! The best part of this is that anyone of us can have a slice of the new industry!
Interested? Well, keep on reading! We’re sure that you won’t regret it. Like stated above, everyone has the opportunity to have a part of the industry while it’s still hot! Here are three ways to earn from legal cannabis:
- Be an Entrepreneur
Aside from growing and selling marijuana, one possible way to earn from legal cannabis is through creating products that are marijuana related. Products such as pot-infused edibles or other things such as menstrual relief pot products by Whoopi Goldberg are some of the few things that come to mind. Additionally, with the rise of technological advancement especially in trading or selling, you can use this advantage to distribute your products and to collect the payments!
- Provide Service
With this new industry comes new businesses and new businesses will definitely need service needs. Service can come in the form of anything! May it be IT, accounting, marketing, journalism etc. This opportunity to be an early part of a growing business in a growing industry should definitely be NOT overlooked. In fact, this opportunity is one of the best in the long run and it should be considered heavily if you really want to be part of the industry!
- Be an Investor
Make your greens create more greens by working with greens. Make your money work for you. If you have the extra cash, why not be an investor? Investing in cannabis and its industry is actually a good idea right now. A lot of investors funded ventures are already doing well such as Maze and Weedmaps! In fact, according to Investopedia, around $215.2 million were pooled by venture capitalists alone for the marijuana industry back in 2015. Having an actual slice of this pie will grant you an even bigger slice of the industry itself! So, again, if you have the extra cash, you should let it work for you and invest it in this fast growing industry!
Legal marijuana and its industry is definitely a contender in the whole business scene even though that it’s still relatively new. This is actually the reason as to why you should put some of your efforts and money on the industry as it is already expected to boom in the future! The opportunity is here, all we have to do is to take it for ourselves!