Marijuana Money: How to Legally Make Money from Cannabis
Many of the misperceptions about marijuana are fading like a puff of smoke. And the opportunities to legally make money from cannabis are on the rise.
Marijuana for medicinal use is more common than ever before. And in some states, recreational use of marijuana is now also legal.
Whether you enjoy smoking weed or adding cannabis butter to your toast, the pot industry is growing.
Don’t let the opportunity pass you by. Here is a look at legal ways to earn some serious marijuana money.
Make an Investment
If you recognize the opportunity for profit from pot but still want to keep some distance between you and the buds, consider investing.
Yes, marijuana companies are now on the stock exchange. Let other people grow it and smoke it while you trade it.
U.S.-based companies are making their way onto the exchange. Globally, there’s already a market for legal marijuana corporations.
Do your research before investing. Make sure the stocks you choose are reputable weed companies. Start with companies connected to medical marijuana and get a feel for the industry.
Follow the Real Estate Market
In states where marijuana is now legal, cities are seeing population growth.
This is great news for investing in real estate where marijuana is legally dispensed. Purchasing and managing an apartment building in a legal weed area could be a wise long-term investment.
Where new dispensaries or marijuana farms “crop” up, housing will become a premium investment. Jumping in on the real estate market in those areas puts you ahead of the real estate investment game.
There are short-term renters, too. Legal weed dispensaries have become destination vacation spots for pot seekers. Listing a home or apartment for rent on sites like Bud and Breakfast helps people find your cannabis-friendly place.
It’s like Airbnb but caters to a marijuana-friendly market.
Become a Marijuana Entrepreneur
If you find yourself in a city where marijuana is legal, consider opening a dispensary. If you aren’t yet in a place where weed is legal, get there fast.
Making money in marijuana doesn’t mean you have to grow it or stand on a street corner to sell it. In states like Colorado, owning and operating a retail weed shop is good business.
Legally sell everything from weed to edibles to paraphernalia. You can legally make good money from other folks getting high on cannabis.
Look for Dispensary Jobs
If owning a shop, investing, or being a landlord isn’t your thing, dispensaries are hiring.
As the legal marijuana industry grows, more jobs become available. You’ll find everything from supply chain and growing plants to working the counter at a dispensary.
Finding a career in cannabis has never been easier with a service like Hemp Staff. See job listings and receive training for jobs in the cannabis industry.
You’ll find jobs like:
- Budtenders: Think of a bartender, but serving weed instead of drinks. Know your strains of weed and help dispensary customers find their perfect high.
- Delivery Drivers: Medical marijuana dispensaries often deliver orders to home-bound patients.
- Master Grower: If you have a green thumb and are good with people, master growers are in-demand. You’ll manage a team of growers while controlling everything about the atmosphere of the grow room.
Be sure to connect with legitimate, legal operations. It’s not worth the risk of jail or personal harm to work for an underground operation.
And with so many legal opportunities now available, earn your marijuana money the right way.
Make Marijuana Conversation
Even if marijuana isn’t legal everywhere, it’s not illegal to talk about it.
It’s easier than ever before to create a podcast about any topic of interest. Start a podcast discussing the finer points of marijuana use.
With a podcast show, you control the content. Anything of marijuana-related interest is good content for the airwaves and your audience.
Discuss travel destinations, favorite edibles, and new laws or regulations. Find sponsorships and partnerships to drive revenue through your podcast.
Offer Your Skills
Maybe you don’t smoke weed. But you know weed dispensaries need good websites and marketing campaigns.
If you’re a graphic or website designer, put your skills to good use for the marijuana industry. Build websites. Develop social media campaigns.
Maybe you’re a lawyer specializing in marijuana law. Or perhaps you have an eye for decorating retail spaces for success.
Dispensary owners know everything there is to know about growing and enjoying weed. But they might need help from other experts to grow their business.
Be the Munchies They Need
With marijuana comes the munchies.
Where marijuana is legal, you’re likely to find hungry people.
If you have good skills, take advantage of a golden opportunity to open a late-night food joint. Or park your food truck nearby and wait for the munchies to arrive.
With a food truck, you can travel to more than one dispensary in the area. Become a weed lovers favorite food high.
Offer what a marijuana munchie appetite needs most. Cheeseburgers, junk food boxes to go, and pizza will bring happy, hungry people to your food truck door.
Make the Most of Marijuana Money
Legal marijuana money is here. Whether you agree with the industry or not, profit from pot is worth a glance.
There’s some truth to the idea that if you can’t beat ’em, join ’em. You don’t have to smoke it to enjoy the bounty from those who do.
But there’s no denying that the marijuana industry is on the rise. It’s making small steps toward legitimacy in the business world. With each new passing of legalization, profiting from pot makes good business sense.
We know weed isn’t for everyone. There are plenty of other legal ways to get high.
If smoking or ingesting weed isn’t your thing, there are other natural stimulants to try. Read about some of our favorite natural stimulants.
These stimulants are legal and can help you get through a hard day on the weed farm or running the dispensary. Like marijuana, natural stimulants also have medicinal value.