Published on December 3rd, 2020 | by David Jackson0
Is Starting a Pot Farm A Smart Investment?
Have you ever considered growing your own cannabis? What about having an entire pot farm? Marijuana is a “growing” industry, with new medical markets popping up all across the United States and sales expecting to reach $30 billion by 2023. With a little time, energy, and patience, you can start profiting from your recreational passion.
The cannabis industry
The marijuana industry continues to grow exponentially as more US states and other countries continue to legalize it. This being a fairly new industry economically, there is plenty of space for newcomers to enter the market. If you’re looking to enter the industry as a business owner, but are unsure of where and how you fit, growing may be a reasonable option for you. Owning a pot farm is the simplest of all aspects of the cannabis industry as it requires the least amount of resources. This is not to say that is the easiest, however – there are going to be many things you will need to learn and you’ll have to put in time and effort to see a reward – but you need much less capital and resources to get started compared to dispensaries, which most dispensaries will sell headshop products such as glass bongs.
Why grow now?
Now is one of the best times to start growing. There is less taboo and fear mongering surrounding marijuana, and the past 5 years is the most favorably people have viewed marijuana in the last several decades. In addition to this, depression and anxiety are at an all time high; and cannabis is a proven method of treatment that many are beginning to look to for relief. There has been a rapid increase in dispensaries over the last 5 years. The demand for medical and recreational marijuana is going up, leaving a big opportunity for young, entrepreneurial growers to step in and start supplying dispensaries
What you need to get started
Check state laws
Before you plant your first seed, check your state laws to ensure you’re legally allowed to grow and sell your marijuana. Laws vary from state to state, so do thorough research on what specific requirements your state might have for staying within regulation.
Find open space
Whether you decide to grow indoors or outdoors, you’ll need plenty of space for multiple plants for their roots to grow. Cannabis plant roots tend to be wider than longer; roots will grow as long 2ft deep and as wide as 12-14ft if you allow them.
Remember- your farm is what you make it. It doesn’t have to look like anyone else’s. Work with the resources you have when getting started, and add to it as you go. All you truly need is to ensure you have the basics: lights, water, and protection from bugs and damage.
The cannabis industry is still a relatively new one, so there’s still time to start legally profiting from your favorite medical and recreational plant. Do your research, get your seeds, and start growing some green!