The cannabis industry is one of the fastest-growing industries as laws regarding legalization change with multiple states allowing some degree of legal usage ranging from medical use to recreational use. With the change in state laws across the country, the industry has grown rapidly as entrepreneurs, growers, and enthusiasts strive to be a part of it. Regardless of whether you are interested in your personal usage or interest or see a profitable business opportunity, there are many ways to make money.
As more states allow the sale and usage of marijuana, there is an increasing need for growers. Those with knowledge and experience in growing marijuana plants are highly sought after to get the inventory for dispensaries built up quickly and maintain stock for the increasing demand. This means you can work for an established growing operation, or you can start your own depending on where you live. The national average pay for assistant growers is $15.55 per hour, with room for promotions. However, if you get a position as a master grower, you can get up to a $100,000 salary plus a share in the profits. The more specialized you are with growing various plant types, the more in-demand your services will be.
Depending on the state where you live, you can also have a home growing operation for medical or recreational use of marijuana. The states that allow home growing are Alaska, Arizona, California, Colorado, Hawaii, Illinois, Maine, Massachusetts, Michigan, Missouri, Montana, Nevada, New Mexico, Oklahoma, Oregon, Rhode Island, Vermont, Washington, and Washington. While you may not be allowed to sell what you are growing at home, you can use your home operation to educate others interested in starting. You can sell your expertise through classes, consultation, and workshops.
This will allow you to profit off your home-growing operation without selling marijuana. You can share your insight and advice on the best led grow lights, temperature conditions, soil, seeds, and harvesting. A wide range of factors leads to a successful growing operation that you can share with others. You can also offer trouble-shooting for home-growers experiencing problems. You can quickly and easily expand your customer base by offering your classes online.
Supplies and Accessories
You can also use your knowledge of growing to sell accessories and supplies to other home growers. For example, you can buy high-quality joint tubes wholesale and then resell them in your own retail store, online store, or through events. Growing supplies is not something people will find in big box stores or other easily accessible outlets.
Operating a specialized store will allow customers to learn about what is really needed and get exposed to high-quality products filtering out the mess of products found online. Your expertise on the subject will provide the authority needed to gain trust and build customer loyalty. You will also have the opportunity to network with other business owners within the industry and explore new products as they are introduced to the market.
As a growing expert, you can carry a full line of all the supplies needed to start growing at home, from the beginner to the expert. You may also combine your retail business with an educational platform teaching home-growing techniques and processes. Combining the two business ideas will expand your venue streams, providing a greater chance of overall success.
Offering classes and workshops will increase your product sales as people buy the supplies needed while at your class. Likewise, customers may be shopping and decide to register for an upcoming class or workshop. Offering classes for a range of growing-related topics at all levels of knowledge and ability will make them marketable to all of your customers regardless of their experience.