How to Become a Marijuana Millionaire

With the growing number of countries legalizing the use of marijuana, it is best to start thinking of money-making schemes to take advantage of the hype. By the time the demand is at its peak, you will already have an established business for others to check out.

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Being a Licensed Producer

In Canada, only select producers with full authorization are allowed to cultivate marijuana. If you plan to make money out of it, you need to get authorization. Here’s how:

First, you need to fill up the application form required by Marihuana for Medical Purposes Regulations (MMPR) found on Health Canada’s website. Make sure that you provide all the needed information clearly. Important entries like names of involved personnel for the management and running of the production site should be final and justifiable. Only adults 18 and above qualify for a license.

Prepare the necessary documents like proof of state residency and security certificates for all persons involved. All other documents should be valid and legal under the law.

Once you submit the application, many checks will be done including a visit to the proposed production site conducted by Health Canada.

Once approved, you will be asked to send a notice to the public of the start of your legal operation. The production processes will then follow.

At the moment, Canada has only lasted less than 20 producers with selling authorization. If you start now, you can be one of the few whom the 35 million Canadian citizens get their supply from.

How to Take Advantage of Production Demands

If you don’t think you have the talent for growing marijuana, you can still earn lots of money by being a third party representative like:

Renting out land to producers. Aside from the monthly contributions, you can easily restock your supply by simply visiting the backyard.

Distributing products in-store or online. If you can’t make them, just sell them. Profits are easier to see when you don’t have to think about farming costs.

Other Business Ventures Applicable for Marijuana Use

If you want to put up a unique business separate from the common marijuana production, the following are ideas to help you out.

Marijuana Confectionary – for those with a sweet tooth, something equally delicious and addicting like cannabis sweets is a strong temptation. Just think about making the marijuana version of chocolate liquors and boozy brownies.

Marijuana Concentrates – as suggested, it involves making potent cannabis mixtures targeted for medical use. As for how to make them, knowledge of chemistry is a must. You will need different experts but this will be a valuable type of product when people start to look for convenient marijuana smoking methods like vaporizers.

Marijuana Delivery Services – with thousands of people waiting for their online purchases, a specialized courier facility will be very essential. The good thing about this business is that you don’t need capital or office to start with. As long as you have a handy vehicle and license to transport, you’re good to go.