Tagged with "PROFIT"
3 LEGAL Ways to Profit from Marijuana Even in Strict Prohibition States Tags: LEGAL WAYS PROFIT MARIJUANA PROHIBITION

With marijuana being legal in more than half the states in the U.S., it seems kind of silly that you're allowed to profit from it in some places while in others you'd face the risk of being imprisoned for a decade or more. It's an undisputed fact that cannabis is the most profitable crop in the country, creating a multi-billion dollar industry that generates more revenue than all the other major crops combined.

Still, even in this age of acceptance, scientific research, openly available information, and equality, many people are still afraid or hesitant to jump in on the green rush simply because their state hasn't yet joined the rest of the educated and reasonable legislators. Luckily, here are four ways you can begin profiting from the marijuana industry, regardless of the state you live in:

    1. 1. Managing Cannabis-related Companies Online

There's nothing illegal about managing a cannabis business remotely, as long as you're not participating in the sale or distribution of cannabis in states where it's illegal. Many cannabis-related companies sell merchandise or accessories that are legal nationwide. Studying for a masters in business administration online taught me that there are many business owners who aren't savvy enough to successfully manage their own companies, so there are always opportunities for an online MBA student to lead a cannabis-related company from any state in the U.S.

    1. 2. Investing in Marijuana Stocks

In recent years, we've seen a major shift in the acceptance of cannabis, leading to the creation of some marijuana-oriented companies that have gone public in the stock market. Some of the top stocks that are either directly or indirectly related to cannabis include GW Pharmaceuticals, Philip Morris, Aurora Cannabis Inc., Cara Therapeutics, and MassRoots Inc.

    1. 3. Writing About Cannabis

As you've probably noticed, there's no shortage of marijuana-related content online, so there's a constant demand for cannabis writers. Furthermore, writing about weed is legal everywhere on Earth, so there's nothing stopping you from profiting on your favorite topic in your free time. In addition, writing about marijuana is a great way to educate yourself about the plant and current events/policies that affect its legality and use worldwide.

    1. 4. Offering Marketing Services to Marijuana Businesses

You can be in Texas helping a marijuana dispensary market its products and services online and there's nothing the local law enforcement can do about it. In fact, you can start a marketing agency that specifically caters to the needs of marijuana businesses and by doing so you position yourself as an expert in the field without ever breaking a single law. Studying for an MBA degree online helped me realize that I can do just about anything from my computer without actually having to operate within the confines of a specific building or set of laws.

    1. Preparing for Nationwide Legality

Ten years from now, all of this might just be a moot point, as it seems it's only a matter of time before the tide turns and the rest of the states come to their senses.


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