Marijuana Millionaire

[Jeremy]

Everyone wants to sell marijuana. How about selling a product to help people QUIT smoking marijuana?

 

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[Bearcorp]

Develop a supplement/pill/drink which suppresses hunger cravings. World wide customers. Doesn't even have to be sold as an "anti munchie" product, just a hunger suppressant, and every stoner in the world could buy it.

 

[Wimtbimtb]

The market is already flooded.
The large players are already there...and the small guys can still just grow a few plants in their house and make good side money.

Once its legalized prices will drop like crazy.
Marijuana is really easy to grow and anyone can get into it...plus, with you not smoking or knowing a lot of smokers you would probably have to learn a lot.

A large supplier of goods:
Grow Lights by High Tech Garden Supply | Your Online Hydroponics Store

Every one thinks it is easy to grow yes it is for the crap product that anyone can grow. Really good product takes a lot of work and brings in top $$$$$. As far as the Feds if you keep it under 100 plants in Michigan they pretty much leave you alone. Problem is EVERYONE forgets it might be " Legal " in you're state but it is still a CRIME for the FEDS and Uncle SAM. I spent a lotttttttttttttt!!!!!!!!!!!!!!!!!! of money researching and spending hours with the lawyers. Yes it is a great side income but the Risks are HUGE.

 

[Barry]

Look at the 'picks and shovels' analogy from the gold rush

While scrolling down and reading the thread this immediately came to mind when everyone is digging for gold sell shovels !

 

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[MyMotivation]

Amsterdam style coffee shops, give people a nice opportunity to socialise with weed

Also I reckon there will be B2B opportunities because everyone will want to market their fast food/sell related merchandise/whatever

 

[JAJT]

How about selling a product to help people QUIT smoking marijuana?

Considering it's not physically addictive you might have a hard time selling anything other than self-help books in the same vein as eating disorders, internet/sex addiction and procrastination. Maybe even 'lifestyle retreats' are an option so people can get away to clear their heads and get their priorities straight.

Not to say there's no money in those spaces but it's hardly an early retirement ticket.

 

[yahdmon]

Tourism

You beat me to this aspect of it.

Considering it's not physically addictive you might have a hard time selling anything other than self-help books in the same vein as eating disorders, internet/sex addiction and procrastination. Maybe even 'lifestyle retreats' are an option so people can get away to clear their heads and get their priorities straight.

Not to say there's no money in those spaces but it's hardly an early retirement ticket.

 

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[PatrickP]

hmmmmmmmmmmmmmmmmmm really?

What about if your target is the PARENTS and Grandparents of dope smokers

Yea you see where I am going. A full page ad in AARP showing a shadowy distorted picture of a young guy toking off a bong. The text reads WE can help you get them to stop.

: )

 

[jilla82]

Every one thinks it is easy to grow yes it is for the crap product that anyone can grow. Really good product takes a lot of work and brings in top $$$$$. As far as the Feds if you keep it under 100 plants in Michigan they pretty much leave you alone. Problem is EVERYONE forgets it might be " Legal " in you're state but it is still a CRIME for the FEDS and Uncle SAM. I spent a lotttttttttttttt!!!!!!!!!!!!!!!!!! of money researching and spending hours with the lawyers. Yes it is a great side income but the Risks are HUGE.

Man...all ill say about this is that im not speaking out of my a$$.

 

[Pete799p]

I love the warehouse space idea! That is smart!

That idea is and has already been done and has put forward some rather scary legal precedence. In several cases they have actually charged and convicted landlords of fellony charges for knowingly allowing even Medical growers to cultivate on their premise. In addition the instability of the laws surrounding this industry creats a demand for secrecy and privacy meaning that most growers would not want to rent out a space next to a bunch of other growers who could screw around and put their safty at risk.

Great idea but I would not invest until there is serious legislative changes.

 

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[Steele Concept]

The warehouse idea is awesome but sketchy. I read about an example of this in AZ and I think they had to close their doors.

I saw opportunity in this emerging industry and created Steele Concept - Age verification

I would recommend starting or working for a business in wholesale distribution of hydroponics or smoke shop equipment. Get in the industry a bit and see what's going on. Find the pain points and come up with that killer solution. From this view you can see all the products, then tweak the design and develop your own better thing.

Invent a trouble free turn key hydroponics system, create that ultimate affordable domeless titanium nail, create a smoother unbreakable pipe aka incredibowl, make clothing for the scene that people want to wear, there is a lot of lines but nothing awesome. Kush couture comes pretty close... Market your own healthy food based tonic/tincture,

A local organic fast food joint - healthy food fast. I'm very surprised nobody has done this yet. Someone do this well.

Know your competition, find the pain point, get to work.

 

[Mike39]

Sorry for not replying to this thread for a while, I have been having stomach problems the last couple of days. They think I may have a stomach ulcer from stress or high acidity from caffeine :smx4: so I have just been pretty under the weather the past couple of days.

Anyways, this thread was originally a brainstorm just to see your guys' thoughts and ideas but I think I might actually try something with this if the bill passes next month. It's does not involve the drug at all but is related to growing it, it's more related to information marketing. I will give more info if anything happens with it but there is no point of telling you all about my hypothetical idea that has a good chance of never coming to fruition.

The warehouse idea was gold GW, I would pursue it if I was older (21) and it there was less of a chance of getting sent to federal prison haha, in fact besides just the warehouse idea, there have been lots of cool ideas on this thread!

 

[Fero LED]

OK SO this is my first post and it came about from a google search but i thought it so apt, I've registered and am posting this link here (hope thats OK?) because this is my experience about becoming an mj millionaire just as it happened this week .. with ebay uk.

Guess the other side of the pond isnt quite as far advanced / progressive as you guys are. I wonder what would have happened if I'd tried the same thing on ebay.com?

Growers Guide Banned from ebay .. my dreams of making millions dashed!

ps love this forum, i'm definitely going to stick around this one

 

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[Kak]

Im sorry but the reefer thing seems like a giant "me too" bandwagon. It will be a rush to business with lots of competition.

It is like the people who tout opening fricking nursing homes because of the baby boomers... really? So original. Everyone and their sister thinks about businesses like this.

 

[c.avalon]

Glad I found this.... I'm in CA in an area where something popular is medical marijuana delivery services. These are awesome because a lot of people feel uncomfortable and exposed going into a dispensary, and this way they can have it delivered to the privacy of their own homes. Also they seem to attract less attention than dispensaries do.

One thing I've found as I've been researching is that there are several, but not a ton, of companies starting up that sell personalized "legal" packages where they consult you on what area you are in, and then let you know the laws in your county, and for a fee can even contact the correct legal authorities and set you up with all the paperwork you need. That's a good idea...

You have to set it up as a "collective" or a nonprofit, where people make "donations" for the medical mj.. if you show up to someone's door, and they REFUSE to pay, you can't refuse to leave the weed, though you can kick them out of membership in your collective.

In my county, there are only one or two delivery web sites that look like real competition.... but they are great to learn from. They have very thorough applications and legal disclaimers, agreements for members, and clean, clear menus with photos of all the strains/products.

I'm looking into starting up in the delivery service myself, just to dip my toes and see what I can learn about what needs are in the industry....basically to immerse myself. Love the warehouse idea but definitely could be sketchy at this point in the legal battle, because everything is kinda gray.

 

[stranger]

Make cannabis cakes. hahaha

 

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[100k]

Macdonalds of Mary J wonna.

One in every city.... Costly to set up though.

Maybe Ice cream Vans ... but for Marry J wonna. And start a franchise....

 

[lotus_pearl]

Macdonalds of Mary J wonna.

One in every city.... Costly to set up though.

Maybe Ice cream Vans ... but for Marry J wonna. And start a franchise....

wow, this is funny. As some people know in poorer neighborhoods, there is a "weed-man" that, when he is around for maybe apartment "B" apartment C D E F all see and buy because he is around. Hmmmm....

 

[Steele Concept]

In this industry in particular you need to innovate. Why is your water pipe better? Why is someone going to choose your dispensary? Do you offer a 20 minutes delivered type deal like Dominos?

Who the hell wouldn't want to dispense MMJ or water pipes for a living?

 

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[GENT3861]

I think big, which is a problem sometimes, but you could always you could always put a HR system in place and distribute to the dealers. Cash up front obviously, we are dealing with drug addicts here, but the more you can move the more you can make. The chance to grow is around the corner as Washington did the same thing and here in Mass it is not far from happening either.

 

[TonyTone]

There is still a lot of room for growth in this industry and lots of time to get in it but there's a lot you will have to learn about the industry first. A lot of people think growing is easy but it's not. Anyone can get a plant growing but keeping it alive and healthy until harvest time can be difficult for beginners and many quit when problems occur and they can't resolve it. There are many variables when growing plants. . Especially fruiting plants. Temperature, bugs, pH, ppm, dificiencies, ventilation, humidity, etc are all types of variables that need to be monitored. You want high yield and to get that out of a plant takes a lot of experience. I own a hydroponic store and get a lot of customers that are always fighting problems. Some are so fustrated they sound like they are on the verge of quitting.

 

[Guest3722A]

There is still a lot of room for growth in this industry and lots of time to get in it but there's a lot you will have to learn about the industry first. A lot of people think growing is easy but it's not. Anyone can get a plant growing but keeping it alive and healthy until harvest time can be difficult for beginners and many quit when problems occur and they can't resolve it. There are many variables when growing plants. . Especially fruiting plants. Temperature, bugs, pH, ppm, dificiencies, ventilation, humidity, etc are all types of variables that need to be monitored. You want high yield and to get that out of a plant takes a lot of experience. I own a hydroponic store and get a lot of customers that are always fighting problems. Some are so fustrated they sound like they are on the verge of quitting.

So you're saying there's a need which is, people need to be educated. In Michigan when it was legalized for medical, there was someone who was on top of this need and was making around 70k a month teaching. This is documented but I don't have time to search for the article. Here's another article though about the different developing businesses and some problems: Medical marijuana spawns fresh industries | The Portland Press Herald / Maine Sunday Telegram

I personally find it interesting the growing amounts of people stepping up and claiming that high concentrated amounts of a certain type of oil derived from pot literally CURED their cancer. The documentation on this is growing too. There's even some radio shows sprouting around this.

 

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[TonyTone]

So you're saying there's a need which is, people need to be educated. In Michigan when it was legalized for medical, there was someone who was on top of this need and was making around 70k a month teaching. This is documented but I don't have time to search for the article. Here's another article though about the different developing businesses and some problems: Medical marijuana spawns fresh industries | The Portland Press Herald / Maine Sunday Telegram

I personally find it interesting the growing amounts of people stepping up and claiming that high concentrated amounts of a certain type of oil derived from pot literally CURED their cancer. The documentation on this is growing too. There's even some radio shows sprouting around this.

Yes, you can't expect to make much money in this industry without getting educated first. There is a lot of opportunity out there in this industry to tap into. There's many different parts of this industry to cash in on but you need the knowledge before knowing what part to take on that works best for you.

 

[Guest3722A]

Do you think it would be possible for someone without knowledge to open a corporation, find a location and interview and hire a couple educators to run an education based business? And, of course, make a decent living off of only one school? Maybe even open up several schools in a variety of cities and states where it is legal? Build a brand in this newly legal wild west sorta industry ? I think it's very possible

 

[TonyTone]

Do you think it would be possible for someone without knowledge to open a corporation, find a location and interview and hire a couple educators to run an education based business? And, of course, make a decent living off of only one school? Maybe even open up several schools in a variety of cities and states where it is legal? Build a brand in this newly legal wild west sorta industry ? I think it's very possible

I never said it wasn't possible. I simply said it takes a lot of knowledge before one should jump into this. Everything you just mentioned is the basics to starting any company. This industry is a little different. There's years of knowlege to learn and for the people that already know the industry, they have a huge jump on anyone trying to get into it. But like I said, it's still early and if you are thinking about doing it then start now and learn fast.

 

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[Yussef]

Sounds like a good opportunity until Marijuana becomes the new super villain taking tobacco's place as the poster child for cancer and other illnesses. And it's not a matter of if but when.

Let's not forget the multiple carcinogens that are created when you smoke it.

I personally don't like fad business opportunities that will have so many obvious problems in the not so distant future. Plus one of our most important pillars of success here on the forum is "add value first" and they will come.

How are you solving a problem or adding value by becoming the legal weed man on the block? And trust me this ain't a moral or judgement call because this boy has done some dirt himself in the past.

Drugs are drugs regardless if they are legal or not. My mission is that anything I sell or endorse contribute to the betterment of the consumer of my product or service. That's just me but I don't knock those that feel differently.

I learned that valuable lesson right here. And shortly after I stopped chasing money or making my every business decision based solely on profitability I started building better business relationships and making a hell of a lot more money.

 

[JAJT]

poster child for cancer and other illnesses.

To the best of my knowledge, and the last time I really checked, cannabis has yet to be linked directly to cancer rates. Not to say there isn't a link, but let's not go claiming absolutes without proof.

Let's not forget the multiple carcinogens that are created when you smoke it.

The air you breathe around a campfire or while in traffic has multiple carcinogens associated with it. Welcome to the byproducts of combustion. Vaporizing cannabis reduces most (all?) of these.

Drugs are drugs regardless if they are legal or not.

That makes no sense. All drugs have effects. That's what makes them drugs. There are plenty of things over-the-counter worse than cannabis, especially when you factor in the fact that it is basically physically impossible to overdose on cannabis.

Despite most commonly being used for recreation (to which I say there is nothing wrong with for adults to engage in while in their own homes) it also has widely accepted medical properties and many sufferers say no other medically prescribed drug has increased their standard of living quite like cannabis.

You can say "drugs are bad" all you want, or claim they don't have value, but IMHO recreation (even potentially dangerous recreation) and quality of life are absolutely value-added services. By all means stay out of the business, but I wouldn't say it's valueless.

 

[Pete799p]

Sounds like a good opportunity until Marijuana becomes the new super villain taking tobacco's place as the poster child for cancer and other illnesses. And it's not a matter of if but when.

Let's not forget the multiple carcinogens that are created when you smoke it.

I personally don't like fad business opportunities that will have so many obvious problems in the not so distant future. Plus one of our most important pillars of success here on the forum is "add value first" and they will come.

How are you solving a problem or adding value by becoming the legal weed man on the block? And trust me this ain't a moral or judgement call because this boy has done some dirt himself in the past.

Drugs are drugs regardless if they are legal or not. My mission is that anything I sell or endorse contribute to the betterment of the consumer of my product or service. That's just me but I don't knock those that feel differently.

I learned that valuable lesson right here. And shortly after I stopped chasing money or making my every business decision based solely on profitability I started building better business relationships and making a hell of a lot more money.

Recent research has actually shown that cannabinoids that are commonly found in marijuana seem to have anti-cancerous properties. Also another little known fact is that cannabinoids already naturally exist in the body.

The reality is that there are hundreds of thousands of patients who absolutely love medical marijuana because they longer have to be heroin addicts, and yes that is what an opiate based pain killer is, pharmaceutical grade heroin. You don't have to look far to find them either. Are there people who are abusing the system sure but unlike the majority of other prescription drugs that have record setting levels of abuse, they cant become physically addicted or realistically overdose. There is even a thread on this site about a girl who lost everything and got arrested for selling Oxy's. How can replacing highly addictive side effect riddled pills that can kill with a natural plant that has non of the same negative effects be bad.

There are literally hundreds if not thousands of different ways to ingest medical marijuana besides smoking it and as the industry grows so does the research needed to further refine the process. If you don't want the carcinogens just don't smoke it. But don't forget that those pills your prescribe are loaded with chemicals that are literally classified as deadly poisons.

Not all but a large portion of medical marijuana providers are adding significant value and as the industry matures they will be the one who make it. They do this by providing higher quality product, cheaper product, custom tailored products to handle specific conditions, find a niche producing the most delicious baked goods, you can see where I am going with this.

Although this is not a business I will be jumping into given the uncertainties etc. I don't agree with those who view it as the devil.

 

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[Yussef]

I am not even going to attempt to win this debate. LOL.

Pete and JAJT both of you have valid points and I am certainly not an oncologist. I started to share some clinical studies and outcomes on the harmful affects of THC but decided against it because firstly it's very easy info to find if you really want to find it and secondly I am not trying to demonize the chronic, just weighing in on why I don't think it's a sound business that will help elevate consumers to a higher level. (no pun intended)

 

[j3m4090]

Funny this topic comes up on my first day coming back. I was researching for a website i would like to launch dealing with this matter.

I'm thinking Of creating some form of Medical dispensary directory Website/App allowing clients to place order and have an online payment gateway. This would help streamline the process (believe it or not it takes 30 minutes to a hour in some shops in l.a.) of purchasing allowing shops to know what exactly what there client wants before they even get to the location. There are other social websites that have the menus posted but i want to be more Paypal then the Facebook of weed. I can go for days with all the features i can add on but i think that would be the most important develop. Too much talking?