Are you thinking about the marijuana business and are tempted by the prospect of making lots of money?
It may seem enticing, but…., where are you going to safe keep those greenbacks? --In a bank? Forget it. And, what are you going to do about taxes? The federal government regards the marijuana trade as illegal, but God forbid, you fail to remit those taxes!
Those are just a few things you will have to deal with.
Want to know more?
For a lively and highly informative read, put yourself on the hold list for The Big Weed by Christian Hageseth. It will be published at the end of April 2015 and Denver Public Library has it on order. Hageseth, a marijuana pioneer, has written an engaging account about his journey starting a successful dispensary. He generously shares not only his successes and failures but what he has learned through much trial and error.
Here are some of the little gems I learned:
• Since indoor crops tend to require lots of light, be aware that growing marijuana plants could entail the use of considerable amounts of electricity. Furthermore, the intense lighting also emits a lot of heat. Since these green darlings are not very tolerant of high heat and humidity, getting the right balance will be critical.
• One grow light will yield one pound of product every other month. So, it should take 10 lights to produce 5 pounds a month.
Are you interested in getting into the business and want to know even more? The library just added The Marijuana Business Factbook 2014 to its reference collection at the Central Library. Otherwise hard-to-find market research information will be at your fingertips.
Great info Suzanne!! This is a must read post for anyone interested in the business!
I would just like to grow enough for personal use ,medical instead of pharmacy drugs yuk! Been on them for too long ruining my body.
You can borrow books from Denver Public Library about how to grow your own marijuana. Find books with the keywords, grow marijuana.