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Growing for a living....dream?
- Thread starter evertking
- Start date
Well, think some of the guys on this forum do it already. Yet it's not legal at federal level, so it won't be as risk free as most of the legal jobs are.
Before trying to live from this and decide to quit your job make sure you are a good grower. If you aren't, can't hope to live of it.
I'm over the ocean, in Europe, but I am sure someone more informed about this will come and post a reply sooner or later. Good luck!
Before trying to live from this and decide to quit your job make sure you are a good grower. If you aren't, can't hope to live of it.
I'm over the ocean, in Europe, but I am sure someone more informed about this will come and post a reply sooner or later. Good luck!
S
sensibuds
Many do already buddy.
This will also be opening the flood gates for hacks, thiefs and opposition.
This will also be opening the flood gates for hacks, thiefs and opposition.
Sure, many have been doing it all over the country for years. Ironically once there is wide spread legalization of marijuana it will become much harder for people to make a living since it's the current illegality of it in most of the country that keeps prices high. The most likely people to cash in will be the biggest commercial growers currently operating as they'll be best positioned for supplying demand. Also it will not likely be allowed to be a free for all where anyone with some seeds and the know how to grow them can get into the game. There will be controls, licensing, minimum standards, etc., just like what regulates the farming industry.
The more legal it gets the deeper the pockets you'll need to make a good living if you are just getting into it. And I do mean deep to do it right.
You'll need business sense too to manage regulations, books, margins, and people.
As soon as it's legal in Texas I'm going to sell my oil field service business and dump assets into a legal grow op and dispensary setup. The more capital I can build now the more I'll have to go big when the tide turns here.
I have no illusions though. It's going to take a lot of cap-ex to start and just like starting any new business the first couple years is expensive due to learning curves and ironing out supply chain issues, etc, etc.
It's definitely my dream too and I'm positioning myself to do it as soon as the law is on my side. There is nothing I'm more passionate about and I can't wait to really love what my business does and not just run a business for the banality of making profits.
You'll need business sense too to manage regulations, books, margins, and people.
As soon as it's legal in Texas I'm going to sell my oil field service business and dump assets into a legal grow op and dispensary setup. The more capital I can build now the more I'll have to go big when the tide turns here.
I have no illusions though. It's going to take a lot of cap-ex to start and just like starting any new business the first couple years is expensive due to learning curves and ironing out supply chain issues, etc, etc.
It's definitely my dream too and I'm positioning myself to do it as soon as the law is on my side. There is nothing I'm more passionate about and I can't wait to really love what my business does and not just run a business for the banality of making profits.
if you got skills and customers its easy...did it for quite a few years illegally and legally...
It's good to dream ..
It's good to dream ..
I would keep my day job and start a 1Kw grow and see if you can handle it.
I am planning or retiring in a couple of years. I am also planning to sell my house and move. I will buy a house with growing in mind. Then give it another run. Right now I don't have the extra space.
(Unless my son moves out, haha)
Good Luck on your Dream
It's good to dream ..
I would keep my day job and start a 1Kw grow and see if you can handle it.
I am planning or retiring in a couple of years. I am also planning to sell my house and move. I will buy a house with growing in mind. Then give it another run. Right now I don't have the extra space.
(Unless my son moves out, haha)
Good Luck on your Dream
i think anyone that can grow in a greenhouse could make a decent living in a 'legal' environment.
Maybe, but being that this is a new industry there isn't going to be a lot of name brand loyalty in the newly legalized places. If you come to play with a several million and some knowledge you'll be able to be a serious competitor or give it a damn good go at least.
If I had several million, I wouldn't need to do anything for a living. ; )
The capitalists have the money to pay prohibitive fees, & price everyone out of the market. They have the political influence to shape legislation in their favor, lobbyists, consultants and lawyers ready to do their bidding.
After realizing the futility of even getting a foot in the door, most will give up and be forced to go work for Walmart Medical Cannabis division for minimum wage and no benefits.
most people dont want to (that i know) go to a store, buy mid-to low grade larf at shitty prices+tax-lots of it. top shelf is gone.
why go to a store, pay tax, get junk when a buddy always has and grows top shelf?
if you have skill, and good genetics...
easy.
why go to a store, pay tax, get junk when a buddy always has and grows top shelf?
if you have skill, and good genetics...
easy.
I had a reply planned until........I saw that wiggly thing,then all my thoughts went back to that wiggly thing
It's fairly safe to say that if you aren't positioned as a reasonably big player on the supply side already then your chances are pretty small, unless you have a good bit of start up capital like SpasticGramps is talking about. Also if you plan on your brand being a big name down the road, like Jack Daniel's is to Tennessee Whiskey. Then you better run a tight ship and build a loyal following of dedicated consumers. I say that because clearly the main thing allowing these social experiments of recreational and medicinal use to happen is the money it means for the local government and local business. Once they see it have the potential of blossoming into a multi billion dollar a year industry the little guy is going to be squeezed out and the rich will keep getting richer and the poor will keep getting poorer.
Or instead of producing a quality product at a fair price, you could open up a superstore and price out all the local small businesses.
The $$ involved as well as the previous legal status of cannabis is what makes it inaccessible to local entrepreneurs.
Who do you think will come out on top?
A guy who has $10,000 and no "lawful" experience. (Would you cite your past experience growing? )
or
A business with millions of dollars of capital at the ready, experience in the industry, operational systems in place, insurance, lawyers, employees, etc.
The larger the company, the more leverage they have over suppliers. They buy product at cost, in bulk. The grower has no choice but to bust their ass to sell it for nothing or get out of the business.
At least that is the trend in new med states. Investors, speculators and existing corporations have inside information as to when & where legislation will be passed, what the regulations will be and who is involved in any relevant committees/political parties.
By the time the news breaks that X state passed a med mj law, the permits have been issued, spaces leased and donations made.
And you're not invited.
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