Start Your Own Cannabis Business
Start Your Own Cannabis Based Business
- "No Touch" Cannabis Business - Our model doesn't touch the actual cannabis plant. This is further explained below.
- No Licenses required - Our business does not require you to apply for expensive state ran licensing programs. Since you are not touching the plant, you will not have to deal with the headache of these regulatory agencies.
- Booming Industry - Cannabis industry is estimated at 17 Billion dollars in 2019, and expected to grow to 57 Billion by 2027 according to Forbes.
- Profitable Long Lasting Business Model
- Beneficial to End Consumers - We save our customers thousands of dollars by teaching them to cultivate their own marijuana.
- Does NOT rely on the value of the plant. Our business model does not rely on the cost of the plant. As many companies in the industry have learned, the value of the retail price of marijuana can drastically make or break the business.
- Long Term Residual Income Potential - Once you have a network of homegrown cannabis enthusiasts, there are limitless opportunities to expand your business.
"No Touch" Business Model
Our overall goal is to make cannabis affordable and accessible to anyone that wants or needs it. We plan on doing this by teaching people how to grow their own cannabis in the comfort of their own home. By teaching people to grow their own weed, we are making them more financially independent, making the service we provide highly beneficial for our customers.
Homegrown Cannabis is the next fad that is already sweeping the nation. States that have favorable growing laws are seeing a spike of home grow enthusiasts. These microgrow weed connoisseurs are leading the way of a huge new fad that is sweeping the cannabis community. There are many reason's that is is happening, we are going to discuss the trend in more detail later in this article in the section titled "Evaluating Risk of Cannabis Businesses".
First, let's discuss the service we provide. We make growing your own cannabis easy for everyone. We install recreational and medical marijuana grow rooms in the house of our customers. Then, we provide training, education and continued support for our customers as they grow their own cannabis.
We have perfected the art of the home grow, and are now sharing it with our customers. Our simple step by step process for cultivating top shelf flower makes growing weed easy for everyone.
As the cannabis industry grows, we believe there will be a huge influx in home micro growing. We see a huge opportunity to capitalize on this change in the market place. For a regular user, growing your own weed will save you thousands of dollars a month compared to buying it from a retail store. Growing at home is the next DIY craze in the weed scene.
Many states allow their residents to legally grow a limited number of plant in the comfort of their own home. For example, Michigan allows each Medical Marijuana patient to grow 12 plants at a time, while the Recreational Marijuana laws allow every "household" to grow 12 plants.
The legality of Cannabis is constantly changing, laws are becoming favorable for the home grower. Our business model will greatly benefit as more people can legally grow their own weed. Huge opportunities come with every state that legalizes medical or recreational cannabis.
What is included in our Cannabis Start Up Training Program?
We provide a turn-key proven system that anyone can operate, even if you have zero experience in the cannabis industry.
We provide you with everything you need to start your own cannabis business.
We provide you with everything you need to start your own cannabis business.
- Training Program - We have taken everything we have learned over the years and condensed it down into an easy to follow guide. You simply follow this step by step tutorial and with a little time and effort, you will be managing your own clients, bringing in revenue, and operating your own cannabis business.
- Marketing and Leads - Our Training program will teach you how to get your own leads, attract new clients, and run your own marketing programs. Marketing can also be outsourced to an expert, if you want to spend the extra money. We teach you how to do this for yourself to save money and allow anyone to enter this industry. But of course, the more you throw at your marketing budget, the faster you will grow your business.
- Cannabis Growing Education & Training Material - This is our easy to follow guide that teaches your new customers how to grow their own cannabis. You can simply send this to your customers as they start their home growing journey. You and your employees will be able to use this guide as a reference to help your customers grow their own marijuana.
- Ongoing Support - With your initial purchase, we provide ongoing support as you start and grow your cannabis business. You can always reach out to us whenever you need help.
Cost of Starting My Own Cannabis Business
How much does this Training Program Cost?
The base cost of our training program starts at $9,000. With this small start up cost, you will receive everything you need to start, grow, and operate your own business serving your local home grown cannabis community. This introductory price comes with many benefits, including ongoing support as you grow your business.
Are there any other costs involved in Starting My Own Cannabis Business?
Yes, of course, there are always some minor costs when operating a new business. Besides the basic costs of creating the LLC in your state. You will also want to create your own website. We will guide you in the right direction, and with basic computer knowledge, you can create a simple website for minimal costs (about $20/month). Or you can outsource this task and have a website created for you. The cost of new websites vary depending on many factors, but a basic site is usually around $500. We have marketing partners that can help with your website. The only other up front costs involved in this business model is your marketing budget. You can throw as much or as little towards marketing as you want, obviously the more you spend, the faster your business can grow. We can direct you to one of our marketing partners if you want help with your marketing as you start and grow your business.
Fill out the contact form at the top of the page to learn more.
Evaluating the Risk of Cannabis Businesses
When evaluating any business, there are a myriad of risk factors. Some risk factors are greater than others. When it comes to the cannabis industry, the greatest risk factor involves the value of the finished products. Whether that be dried buds, or any form of vape, edibles or concentrates. To stay profitable, these businesses rely on the retail selling price to pay for the high overhead cost involved in growing in mass quantity.
The problem is the selling price fluctuates based on the overall supply and demand. When operating a large cannabis operations, this problem can flip the books and turn a profit into a loss simply because the consumers aren't buying as much as projected. Selling price is just one of the many factors must be considered when operating large cannabis businesses. For example, Oregon had a huge oversupply of cannabis because there was too many growers, which drove the retail price of cannabis down too low and it drove many businesses out of business. This same scenario has happened in Canada, and many other states across the country.
Our business model doesn't rely on the sale of the plant. In fact, we aren't touching the plant at all. We are simply providing the means for consumers to grow their own. In essence, we are "selling shovels in a gold rush".
It is impossible for any one company to control the price of cannabis in today's market. There are many factors that affect the selling price of cannabis on a retail level. Between the political restrictions for the business, to the self induced growth and quality problems. The list is seemingly endless.
The other risk factor involved in growing in large facilities is the potential loss of crop. The loss of one crop can be a huge loss of revenue. When you only get 3-4 cycles per year, each cycle is a large portion of revenue. Many facilities are doing a variety of things to limit these risk factors but they are still something that needs to be considering when moving into the industry.
The other benefit to our model, is we don't have to apply for any state ran licensing programs, or pay ridiculous fees in order to sell cannabis. We aren't selling cannabis which lowers the risk and increases potential profits.
The problem is the selling price fluctuates based on the overall supply and demand. When operating a large cannabis operations, this problem can flip the books and turn a profit into a loss simply because the consumers aren't buying as much as projected. Selling price is just one of the many factors must be considered when operating large cannabis businesses. For example, Oregon had a huge oversupply of cannabis because there was too many growers, which drove the retail price of cannabis down too low and it drove many businesses out of business. This same scenario has happened in Canada, and many other states across the country.
Our business model doesn't rely on the sale of the plant. In fact, we aren't touching the plant at all. We are simply providing the means for consumers to grow their own. In essence, we are "selling shovels in a gold rush".
It is impossible for any one company to control the price of cannabis in today's market. There are many factors that affect the selling price of cannabis on a retail level. Between the political restrictions for the business, to the self induced growth and quality problems. The list is seemingly endless.
The other risk factor involved in growing in large facilities is the potential loss of crop. The loss of one crop can be a huge loss of revenue. When you only get 3-4 cycles per year, each cycle is a large portion of revenue. Many facilities are doing a variety of things to limit these risk factors but they are still something that needs to be considering when moving into the industry.
The other benefit to our model, is we don't have to apply for any state ran licensing programs, or pay ridiculous fees in order to sell cannabis. We aren't selling cannabis which lowers the risk and increases potential profits.
Long Term Residual Income Potential
After the initial installation for the customers. There is an endless amount of potential income that can be derived from this business model.
The opportunities come by upselling new and existing customers. Growing and consuming cannabis requires the use of any number of different products depending on the individuals preferences. Plus, as this industry matures and changes, there will always be new and exciting products and gadgets that will come on the market. This makes endless opportunities for selling new products to a customer that you have already built a relationship with. That last part is key, once you have established rapport with your customer, the chances of them coming back to you for advice on new products significantly increases.
There is one more huge benefit of having a customer base, and that comes in the form of referrals. I would estimate over 50% of new clients come from referrals. My past clients share their home grown cannabis with friends, and then pass my information along so I can help their friend grow their own cannabis. Our main goal is to keep our clients happy, and that has pays off in the form of referrals and repeat customers.
The opportunities come by upselling new and existing customers. Growing and consuming cannabis requires the use of any number of different products depending on the individuals preferences. Plus, as this industry matures and changes, there will always be new and exciting products and gadgets that will come on the market. This makes endless opportunities for selling new products to a customer that you have already built a relationship with. That last part is key, once you have established rapport with your customer, the chances of them coming back to you for advice on new products significantly increases.
There is one more huge benefit of having a customer base, and that comes in the form of referrals. I would estimate over 50% of new clients come from referrals. My past clients share their home grown cannabis with friends, and then pass my information along so I can help their friend grow their own cannabis. Our main goal is to keep our clients happy, and that has pays off in the form of referrals and repeat customers.
Touch vs No Touch Business Models
This concept is fairly simple. Does the company come into contact with the plant? This includes the majority of the industry. The following are examples of companies that touch the plant: Growers, extraction facilities, transportation businesses, dispensaries, etc.
"No Touch" companies include the businesses that sell accessories to the consumers and businesses such as manufacturers that make smoking supplies and accessories. Our business model does NOT touch the plant. This goes back to the old saying, sell shovels in a gold rush. This advice is telling us to focus on companies that do not touch the plant over business that touch the plant. The main benefit of not having to touch the plant. Is that we don't have to deal with all the regulations surrounding the plants legal status. Every state is different, and many recreational & medical marijuana laws require large amounts of capital and up front costs in order to touch the plant at all. We have figured out a way to capitalize on this vastly growing market while minimizing risk and up front cost. If you are interested in learn more, fill out our contact form at the top of this page. |
States that Allow Residents to Grow Weed at Home
Below is a list of states that you can legally cultivate your own marijuana recreationally &/or medically. This list is constantly growing, so if your state is not on their, do not be surprised. This is not legal advice, please do your own research on the laws in your own state.
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Hawaii
- Illinois
- Iowa
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Missouri
- Montana
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- Utah
- Vermont
- Washington
- Washington, D.C.
- West Virginia