The cannabis industry is growing fast. And that means there are plenty of potential business opportunities available for entrepreneurs who are interested in this expanding niche.
Before anyone can produce or sell cannabis products for this market, of course, someone needs to actually grow it. So you can build a business by being the first step in the process, working as a farmer or grower who supplies the plants to companies that then process and make it into other products.
The San Francisco-based company CitizenGrown plans to create a network of residential cannabis farmers by providing them with grow systems and handling the sale of the flower.
This operation would revolutionize the way cannabis is grown (and distributed) by creating a network of residential cannabis farmers, providing them with grow systems and handling the sale of the flower.
Home based cannabis farming will strengthen local economies while eliminating the risks that face large-scale commercial grow operations. They work with Citizens, communities, producers, wholesalers, dispensaries, politicians, and charitable foundations. Their model will create a communal and sustainable ecosystem within the cannabis industry.
CitizenGrown is unique among other cannabis companies in that it practices the equity that it preaches. Its grow operation is a radically innovative business model to fix the economic inequality that is widespread across the cannabis industry. What better way to provide equity to those impacted by the War on Drugs than providing them the equipment and resources to compete at the same level as industry insiders?
Company CEO Redg Snodgrass said that the company will assist the home grower in obtaining a grow license from their local government. The first units are already operational in Oregon, and the company expects the first home systems in California to be up and running early next month.
The company would then manage and monitor the tech-enabled grow systems. Once weed is ready for harvest, CitizenGrown will sell it to local dispensaries and split the revenue with the home grower (to the tune of $1,000 to $3,000 per month).
It remains to be seen if cannabis farming will join the ranks of the rideshare driver as the next big sharing economy gig. Not only do legal hurdles potentially remain to creating huge networks of home weed farmers, but the growing industrialization of cannabis farming will likely continue to drive pricing down over time. Ultimately, only time will tell if this idea will work.
To apply to for a CitizenGrown operation you must first apply for a California Growers License. If you are a licensed cultivator or Equity participant you may be eligible to use their automated grow technology or “node” for free. From this node you can cultivate top-shelf cannabis and earn at minimum $1,000 a month.