Ah yes, Marijuana. What can I say about it. It's been around a millennium. It was all the craze in the sixties and for that matter every decade after that. It use to be illegal in all fifty states. But then came, medical use marijuana. Can anyone say gateway? All you need is a doctors prescription and "bingo" you can have your marijuana. There are 28 legal medical marijuana states and D.C. Some states have approved it for recreational use. I'll leave it to you to find out which ones are those states.
The question is not simply can you use it. The question is more how can you profit from it. Well, there are several ways to do this. You can open a marijuana dispensary and sell it to qualified individuals. I use the word qualified loosely. You can set up a business to help the sellers of the legal dispensaries manage their money. As of now, regular banks will not allow the sellers to open bank accounts and/or use banks like ordinary businesses. The banks are afraid of the federal government. The "feds" still classify marijuana as an illegal substance.
The easiest way to profit from this without having federal law enforcement breathing down your neck is to invest in these companies. There are many marijuana related companies selling stock to the general public. The stocks range in price from pennies up to ten dollars. It is a risky investment. But let's take a layman's look at this industry. It goes without saying that marijuana will eventually be legalized in all fifty states. It's just a matter of time. And when I say time, I mean in the next twenty years if not sooner. What would happen if you started buying stock in some promising marijuana companies now? When the stock price goes up or there's a buy-out of the company by bigger companies (see: Big Tobacco), your stock will be worth a small fortune. This industry is ready to explode. If you play the long game, you could be in the ground floor for the wind fall. FOOD FOR THOUGHT, THINK ABOUT IT.
The question is not simply can you use it. The question is more how can you profit from it. Well, there are several ways to do this. You can open a marijuana dispensary and sell it to qualified individuals. I use the word qualified loosely. You can set up a business to help the sellers of the legal dispensaries manage their money. As of now, regular banks will not allow the sellers to open bank accounts and/or use banks like ordinary businesses. The banks are afraid of the federal government. The "feds" still classify marijuana as an illegal substance.
The easiest way to profit from this without having federal law enforcement breathing down your neck is to invest in these companies. There are many marijuana related companies selling stock to the general public. The stocks range in price from pennies up to ten dollars. It is a risky investment. But let's take a layman's look at this industry. It goes without saying that marijuana will eventually be legalized in all fifty states. It's just a matter of time. And when I say time, I mean in the next twenty years if not sooner. What would happen if you started buying stock in some promising marijuana companies now? When the stock price goes up or there's a buy-out of the company by bigger companies (see: Big Tobacco), your stock will be worth a small fortune. This industry is ready to explode. If you play the long game, you could be in the ground floor for the wind fall. FOOD FOR THOUGHT, THINK ABOUT IT.
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