Four Things To Know Before Growing Marijuana For Business

Every business is potentially profitable, if know how to operate it. The most important quality you need to have as a businessman is the love for the work you do. It’s not a myth or quote by some old man. All experienced businessmen believe that you are unlikely to fail if you love your business. The love for CBD is constantly increasing, and so its usage. Most of those people will buy it and some smart people will grow it.

It’s not as difficult as you might think. There are already many people doing the same thing, but the demand is so high that you are unlikely to fail in this industry. You can learn everything online and get to farm a thing you love. You won’t just be doing it for the money. It will have your heart in it, and you will always try to grow the best possible product. Here are a few things you should know before getting started to help you along the way.

Make Sure You Know Everything About Marijuana

While love is important, knowledge has no replacement. You need to learn everything you can about growing marijuana and the dos and don’ts before making any investments. If you think that you will learn on the job, you are not wrong. However, each lesson comes at a cost. That’s why it’s best to learn all these things before taking any step.

Pick the Best Strains

For the best product, you are going to need the best strains. You need two things for that—a reliable best seed bank and full knowledge of its types and qualities. Be sure to choose the strains that best fit your growing space. Choose a seed bank only from the top ones and build long term professional relationship with it to ensure your business grows smoothly.

Know Your Light Needs

Cannabis plants need a lot of light. You have to specially plan their power needs if you are growing in an indoor space. They need 400W to 600W of light for about 18 hours every day. You will need to buy the best quality lights and other electrical equipment like extractor and fans. Many residential power circuits can’t support more than 1500W, so you will have to take decisions accordingly.

Plan Finances in the Business Plan

Every business needs money to run. You will start to get a profit that you can reinvest later, but you will have to arrange a lot of finances at the beginning. It is suggested to create a full-fledged business plan and answer all questions of all categories after doing thorough research and brainstorming. This will help you efficiently plan your finances. Once you know exactly how much money you need, you can get to the struggles of arranging it. You can easily get a loan when you are sure to get the return according to your business plan.

Medicine Man Technologies Inks Licensing Agreement With Canada House Wellness Group

COLORADO: Medicine Man Technologies has announced an exclusive licensing agreement with Canada House Wellness Group, through itswholly owned subsidiary Abba Medix Corp., for deployment of its intellectual property and product lines (Three a Light™, Success Nutrients™, General Intellectual Property) into the Canadian marketplace.

The licensing agreement calls for an initial payment of $4.65M (CAD) in the form of cash and stock for licensing of Medicine Man Technologies’ intellectual property, product lines, and assignment of an existing Cultivation MAX agreement to Canada House.  Medicine Man Technologies will also be entitled to revenue-based fees related to this deployment over the duration of the license agreement and will be assisting Canada House’s marketing efforts.

Screenshot 2018-07-17 10.46.17Medicine Man Technologies’ current CEO, Mr. Brett Roper and members of the team will be working extensively with Canada House Wellness through the balance of this year to assist with the transition and product development, in particular focusing on the deployment of a highly efficient network of newly announced micro-cultivator license types in Canada as well as other goods and service offerings.

Brett Roper, Medicine Man Technologies’ co-founderand CEO commented, “We are very excited to be aligning ourselves with the Canada House team as they focus on their growth and value goals in the Canadian Cannabis marketplace.  In particular, this agreement provides potential future cost-based advantages to Canada House and craft-based micro-cultivators in the evolving supply chain, providing a more viable financial operating basis.  These types of opportunities facilitate the creation of additional jobs and infrastructure investments that will be very nimble and not tied down to any particular geographic area, also allowing for substantially less investment risk as we continue down this evolutionary path.”

“We are delighted to be working with Medicine Man Technologies, a leader in Cannabis cultivation technologies.” says Riley McGee, President of Abba Medix Corp. “By helping us improve our yields and quality, we believe that we will be a leading provider to the medical cannabis market and amongst one of the more sustainable and profitable companies in the industry. Our technology leadership will also be of immense benefit to the emerging micro-grower market.”  

Hemp Farmers Association To Launch May 8th

NEW JERSEY:  The Hemp Farmers Association has announced the launch of a nationwide 501(c)5 industrial hemp association specifically designed to educate, support  and protect hemp farmers through best growing practices, shared research, and vetted vendors allowing for farmers to feel more confident in farming hemp.

According to an association press release, the group’s sole mission is the protection of the American hemp farmer, “making sure they keep as much control as possible of this precious resource through education and market support.”

The group believes that hemp farming agricultural education equates to power to the farmer.

“Our excitement is building as we see our shared vision. I am thankful and impressed with the people coming together here.” says, Cory Sharp, Director of media for the HFA. “We have brought together a diverse and talented team of board members in the hemp farming industry from 9 states who are focused on the hemp farmers success. Integrity in the industry is foremost as we form this grand hemp endeavor we have embarked upon.”

Meet the Congressman Whose District Grows Most of Your Weed

CALIFORNIA: Two years ago, California Rep. Jared Huffman, who had previously served as a state assemblyman and an attorney with the Natural Resources Defense Council, was elected to represent a district stretching from Marin County all the way to the Oregon border. It includes the Emerald Triangle, the three-county region that produces most of America’s domestically grown marijuana. Huffman’s people got in touch after seeing my recent story, “The Landscape-Scarring, Energy-Sucking, Wildlife-Killing Reality of Pot Farming.” The congressman wanted to discuss, among other things, how he proposed to deal with the devastation that results from trespass grows on public lands.

Mother Jones: What’s it like being the highest-elected official from the nation’s epicenter of marijuana cultivation?

“When I…saw what people were doing to our streams and our fisheries and our watersheds, I was outraged.”

Jared Huffman: I tell people that I represent the district with a third of the California coast, the biggest trees in the world, some of the best wine grapes in the world, and about 60 percent of the marijuana produced in America.

New Canadian Medical Marijuana Rule Stresses Local Grower

CANADA: A St. John’s man is upset by newly-created federal rules that would see medical marijuana production handed over to private companies.

As of April 2014, growers like Mike Dawe will have to start buying it from companies licensed by the government.  [Read more…]

New Canadian Medical Marijuana Rule Stresses Local Grower

CANADA: A St. John’s man is upset by newly-created federal rules that would see medical marijuana production handed over to private companies.

As of April 2014, growers like Mike Dawe will have to start buying it from companies licensed by the government.  [Read more…]

Oregon Governor Signs Marijuana Penalty Reduction Bills Into Law

OREGON: Gov. John Kitzhaber (D) Monday signed into law two measures that will reduce the punishments for certain marijuana-related offenses. The changes go into effect immediately.

The first, Senate Bill 40, lowers the penalties for possession of more than an ounce of pot. Under the old laws, possession of more than four ounces was a Class B felony punishable by up to 10 years in prison. Now, it becomes a Class B misdemeanor, punishable by up to five years in prison. Similarly, possession of between one and four ounces was a Class B felony; now, it becomes a Class B misdemeanor punishable by up to six months.

It also reclassifies offenses involving the possession of less than 1/4 ounce of hashish from a felony to a Class B misdemeanor.

SB 40 also reduces the penalties for marijuana cultivation. Unlawful manufacture was a Class A felony punishable by up to 20 years in prison; now, it becomes a Class B felony dropping the maximum sentence by half. [Read more…]

Oregon Governor Signs Marijuana Penalty Reduction Bills Into Law

OREGON: Gov. John Kitzhaber (D) Monday signed into law two measures that will reduce the punishments for certain marijuana-related offenses. The changes go into effect immediately.

The first, Senate Bill 40, lowers the penalties for possession of more than an ounce of pot. Under the old laws, possession of more than four ounces was a Class B felony punishable by up to 10 years in prison. Now, it becomes a Class B misdemeanor, punishable by up to five years in prison. Similarly, possession of between one and four ounces was a Class B felony; now, it becomes a Class B misdemeanor punishable by up to six months.

It also reclassifies offenses involving the possession of less than 1/4 ounce of hashish from a felony to a Class B misdemeanor.

SB 40 also reduces the penalties for marijuana cultivation. Unlawful manufacture was a Class A felony punishable by up to 20 years in prison; now, it becomes a Class B felony dropping the maximum sentence by half. [Read more…]