Are you looking for an industry that has massive potential for growth and to make money? Look at the marijuana industry.
As marijuana becomes legalized across the U.S. and Canada, the industry brought in about $10.4 billion in 2018 and created more than 250,000 jobs.
That’s only going to get even higher as the industry matures.
Do you want to know how to get into the marijuana industry? Keep reading to find out the top ways you can get your foot in the door of this thriving industry.
Start a Marijuana Company
There’s no reason why you can’t start your own marijuana business. Some companies are taking great ideas and bringing them to life.
They’re starting marijuana growing supply stores, marijuana delivery companies, dispensaries, and more. You want to make sure that you have a great business plan and a viable idea before you start.
Get a Job in the Industry
If starting a company isn’t for you right now, you can get a job in the industry. Like in any industry, marijuana companies need solid financial and marketing help.
They also need support staff like marijuana growers and dispensary managers. There’s always the chance to share your passion and knowledge for pot by becoming a budtender.
Become an Investor
Let’s say that you have a ton of capital laying around. You don’t know what to do with it. There’s an opportunity to become an investor. You can be an angel investor for marijuana startups.
You can also invest in Planet 13 stocks and other marijuana company stocks directly. There are plenty of ways to invest and see a return on that investment.
Don’t Forget About CBD
One way to get into the marijuana industry with fewer legal headaches is to work with CBD products. The laws around CBD are much different than they are for marijuana.
Marijuana is seen by the federal government as a Schedule I drug. This is on the same level as heroin and cocaine. Even if you operated a business in a state where marijuana is perfectly legal, the federal government still has the final say.
CBD doesn’t have the psychoactive properties that marijuana has, even though it’s derived from the marijuana plant. That makes it legal as long as it comes from hemp in most states.
There are CBD stores appearing all over, selling CBD-based soaps, edibles, and oils.
How to Get Into the Marijuana Industry
The marijuana industry is exploding with opportunities to make money. How to get into the marijuana industry starts with knowing where you need to look first.
You can start by getting a job as a grower, product producer, or budtender. That will give you enough industry experience to start a company. If you have the capital to help out other businesses grow, you can become an investor.
No matter what path you choose, you have a rare chance to get into a big industry on the ground floor and make a ton of money.
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