So You Want to be a Grower?
Growing pot is really easy, and it will make you filthy rich, rich beyond your wildest dreams! In fact, you should quit your job, move to California or Colorado and fill your house with lights! What could go wrong?
Does this sound a little naïve to you? It should, but unfortunately that has been the mentality of so many pot entrepreneurs since the Ogden Memo de facto “legalized” medical marijuana in 2009. The problem is that in order to live off of growing or selling pot you absolutely have to treat growing and selling pot, well, like an actual job.
Besides here are all the things that can, and have, gone wrong for so many get-rich-quick schemers:
Growing good pot isn’t easy. Growing pot is easy. Growing good pot takes scientific knowledge, time and attention. Study up!
Pests can destroy your crop. Bugs and diseases can destroy your crop, creating a negative ROI for that cycle.
The market price has dropped. So many people have been growing pot that the supply has gone up exponentially faster than demand, lowering prices. During the height of prohibition even bad pot could sell for up to $3,000 a pound. Today in California and Colorado you can’t even give it away sometimes. Only the best of the best will fetch that kind of money in this market unless you take it across state lines for sale, which leads to the next point.
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