Marijuana Millionaire

[Jake]

Crack the code to growing weed and live stoned for a lifetime

1 hour grow week - Lazy man's guide to growing weed.

Rich Dad, Stoned Dad

 

[GlobalWealth]

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

The ones that made the big bucks weren't they miners, they were companies like Levi Strauss that were selling work clothes.

Look at hydroponics systems, inventory control systems, import/export of seeds, lighting (as previously mentioned), or even warehouse space to rent to multiple growers.

 

[GlobalWealth]

This is absolutely the best answer in here so far.

The only other option I'd even consider (from a fastlane perspective) is opening up a franchise of dispensaries and working on them (not in them).

One of my best friends is a relatively large grower in CA. He does well, but there are lots of opportunities around this business.

If you are into real estate, I really think there is a huge opportunity to create full service indoor grow houses in discrete warehouses. There are (and will be even more) a lot of people who want to grow, but don't have the resources to build out a proper grow house.

Imagine having a a 100k ft2 warehouse segmented out and set up with hydroponics, lighting, packaging etc. You could charge a very nice premium for this.

 

[Mike39]

Great title eh? Well guys I live in Colorado and there is a solid chance weed will be LEGAL (not solely medicinal) before this time next year. Now while I don't smoke it, that does not mean I don't understand the MILLIONS AND MILLIONS of dollars that are about to be pumped into my state, there is A LOT of money to be made if the deal goes through.

So let's hear all you guys' ideas on how to get rich from pot, don't say sell it and don't say grow it, every stoner over the age of 21 will already be doing that. Think shipping, distribution, licences, etc. (the more technical stuff that stoners will completely overlook haha)

Just brainstorming, I would love to get in on this deal if it happens, I can't handle with the weed or paraphernalia personally, but a company owned by me (and an adult) probably could. This is the modern day gold rush, what shovels should & could you sell?

:smxF: :smxF: :smxF: :smxF: :smxF: :smxF: :smxF: :smxF: :smxF: :smxF: :smxF: :smxF:

 

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[Jake]

Sell pizza

 

[AgonI]

Create a marketplace like ebay for marijuana only. Charge fees per listing and comission on each sale lol
You would need a customer service team with people who are high all the time It'll still be better than ebays CS

 

[ChickenHawk]

Interesting thought-process, I like it! Thinking out loud, what about selling growing tools, lights, equipment? Or what about information? Such as guides/books on growing, cultivating, storage, etc.

Funny, I was just talking to someone who believes it will be legalized nationally 2014. I'm not sure I believe this, but if we do see widespread legalization, there'd definitely be fastlane potential, especially via Internet sales. One member here (I won't say who, because I wouldn't want to steal his thunder) has already tapped into this trend with a pretty sleek product.

It makes you wonder...you know how it's considered hip and urbane to brew your own beer or make your own wine? It will be fascinating to see if this trend applies to marijuana, and how this plays out business-wise.

Thinking way outside the box, what about any fastlane potential for clever/mocking/edgy tee-shirts, bumper stickers, etc., related to the whole legalization thing.

 

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[JAJT]

Look at hydroponics systems, inventory control systems, import/export of seeds, lighting (as previously mentioned), or even warehouse space to rent to multiple growers.

This is absolutely the best answer in here so far.

The only other option I'd even consider (from a fastlane perspective) is opening up a franchise of dispensaries and working on them (not in them).

 

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[JasonR]

My cousin is already selling in Colorado (dispensaries, medical). I'm afraid you're a little bit behind the game, unless you can innovate and add massive value to this market.

 

[Mr.Dietsch]

I would create Tommy J's, the marijuana grocery store!

 

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[ChickenHawk]

I wouldn't be surprised to see the industry double in size if the bill is passed

I agree. And I actually think it would more than double. I know several established professional people who might've smoked it in college because they had little to lose, but don't smoke it anymore because the "reward," is fleeting and the long-term consequences (potential fines, jail-time, public humiliation, job loss) isn't worth the risk. People in this category, IMO, would be unlikely to go the "medical use" route, but might become casual users/growers if it were full-out legalized.

 

[JayKim]

Ecommerce store for grow lights or other equipment? Marijuana Grow Lights Sale,Buy Quality Marijuana Grow Lights Sale from Manufacturers and Suppliers on Alibaba.com

How to Grow Marijuana - Everything You Need to Know!

 

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[Lights]

i just thought of something

could this affect the music industry? and the fashion industry

maybe there's a 60s revival coming around the corner!

 

[awesom-o]

Create a marketplace like ebay for marijuana only. Charge fees per listing and comission on each sale lol
You would need a customer service team with people who are high all the time It'll still be better than ebays CS

Best idea so far in my opinion

Only thing is that you'll spend your life policing it

Also not sure if online sales would be permitted under the new law?

 

[Mike39]

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

The ones that made the big bucks weren't they miners, they were companies like Levi Strauss that were selling work clothes.

Look at hydroponics systems, inventory control systems, import/export of seeds, lighting (as previously mentioned), or even warehouse space to rent to multiple growers.

My thoughts exactly, facilitate the need

Crack the code to growing weed and live stoned for a lifetime

1 hour grow week - Lazy man's guide to growing weed.

Rich Dad, Stoned Dad

:smilielol:

Imagine having a a 100k ft2 warehouse segmented out and set up with hydroponics, lighting, packaging etc. You could charge a very nice premium for this.

AWESOME IDEA. Anyone want to go in with me and fund the purchase of a warehouse?

 

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[PatrickP]

Too bad you can't short the price of weed. Supply will be up, demand will be down, the risk associated with transport and distribution is minimized, weed will be cheaper than ever if it is legalized.

I have watched that weed store show on discovery a few times and the government just screws with them and does things to try to put them out of business. I think the federal laws and state laws butt up against each other in this instance. I think you could still be busted by DEA correct?

Yes in fact the DEA has recently arrested something like 50 owners of stores in CA even though they were licensed by the state of CA.

Now there is a racket, get people to pay for a license which is against federal law but you still get to keep the hundreds of thousands of dollars you charged the people.



If it does become legal on a national level how about federally paid for rehab centers as your fast lane business

 

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[wade1mil]

Start a for-profit organization that accepts funding and donations from people and business who oppose the idea and use a percentage of proceeds to launch marketing campaigns against the use. Something like thetruth.com and Whale Wars.

 

[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.

 

[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!

 

[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.

 

[theag]

 

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[ChickenHawk]

Oooh, a T-shirt theme idea -- Rocky Mountain High sports jersey with a marijuana leaf mascot.

(Edit: Or maybe the mascot should be a cartoon stoner.)

 

[Mike39]

Some awesome ideas here, just from thinking out the process, with the hundreds of new growers that will be made, distributing grow lights (at wholesale) to dispensaries/grow shops might not be a horrible idea. Edit: damn they already have "hydro sores" for hydroponic "gardening"

My cousin is already selling in Colorado (dispensaries, medical). I'm afraid you're a little bit behind the game, unless you can innovate and add massive value to this market.

Right now you have to go to the doctor (18 & over) and get a medical license, while this is a really easy process, I am sure there are thousands of people who don't smoke enough or are not "serious" enough about smoking to go get a card. The biggest opportunity I see here is in the growers, now tons of people will get grow licences because every stoner wants to grow his own weed . I wouldn't be surprised to see the industry double in size if the bill is passed

 

[Leonard Dollars]

One of my best friends is a relatively large grower in CA. He does well, but there are lots of opportunities around this business.

If you are into real estate, I really think there is a huge opportunity to create full service indoor grow houses in discrete warehouses. There are (and will be even more) a lot of people who want to grow, but don't have the resources to build out a proper grow house.

Imagine having a a 100k ft2 warehouse segmented out and set up with hydroponics, lighting, packaging etc. You could charge a very nice premium for this.

This crossed my mind again earlier. I love this idea and see it as being extremely fast lane. Imagine franchising this system. Turn key hydroponic growing systems set up in varying sizes. As the size of the area you rent increases so does your fee. Areas could go 2.5x2.5, 5x5, 8x8, and so on. I also picture it working the best if it's set up like a self storage facility with each grow area completely quarantined from the next. You could also tie in teaching.

Just bouncing some thoughts here since I live in one of the states where medicinal is legal. We could be one of the next for complete legalization.

 

[Leonard Dollars]

This thread also reminds me of

[video=youtube;LPgn_HH5CeM]http://www.youtube.com/watch?v=LPgn_HH5CeM&feature=youtube_gdata_player [/video]

 

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[Turboboost]

I don't know what the new laws will be like but maybe you could organize an annual Grower's Festival in your town and let the growers, equipment sellers and others sell their stuff there. And there could even be a Weed Queen competition, various seminars etc...

 

[Rawr]

AWESOME IDEA. Anyone want to go in with me and fund the purchase of a warehouse?

And then set it up? And then run it? and then, and then, and...


You can't wait for the success to come to you, you have to walk each step to it.

 

[Kak]

Too bad you can't short the price of weed. Supply will be up, demand will be down, the risk associated with transport and distribution is minimized, weed will be cheaper than ever if it is legalized.

I have watched that weed store show on discovery a few times and the government just screws with them and does things to try to put them out of business. I think the federal laws and state laws butt up against each other in this instance. I think you could still be busted by DEA correct?

 

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