4. Grow Marijuana — Legally
In some parts of the country, it’s now legal to grow marijuana for sale. You should do your research before embarking on this money-making opportunity, though.
Anthony Franciosi, founder of Honest Marijuana Company in Colorado, cautions that too few potential investors and partners fully understand the legal and licensing requirements, or the amount of work and capital needed, to run a high-quality marijuana-growing operation.
“To find people to invest money in the cannabis industry is not the issue, because I think it’s happening every day,” said Franciosi. “Finding working partners who understand the true task ahead, appreciate cannabis and are willing to put the hours in to be successful is a different and more difficult proposition. Investors are not easy to come by, but I have had a few different parties who were interested in working with me.”