It’s Money Monday!
Today we’re talking about how you can find financial freedom in the cannabis industry – regardless of whether you live in a state that has legalized or not.
(Learn more about the cannabis industry HERE)
Interested in entrepreneurship in the cannabis industry but unsure where you’d fit in or how to get started?
Worried you can’t find funding or afford to take advantage of this opportunity of a lifetime to get into this nascent industry?
Living in a state or country that has yet to legalize marijuana but you still want in – legally?
This post is for you.
Whether you want to be directly involved in the industry where you’re touching, growing, processing or distributing the plant – or better yet, interested in making real money off the ancillary space, there’s a place for you. The ancillary space includes everything that doesn’t directly touch the plant like marketing services, product packaging, technology, accounting, information – literally anything that exists now as a job, the cannabis industry is a parallel universe where an opening for that same job exists, it just has a little weed sprinkled on it.
This allows YOU, person that’s been an assistant or mid-level employee on the way up, or anyone in a position where someone else gets to decide when they’re good enough to level up, what this industry does is allow you to take your skills, pivot toward weed and immediately come in as the expert. And if you position yourself the right way, you’ll be paid as the expert too.
I know this because I’ve spent the last couple years getting paid to interview every major player in every facet of the industry and I began using the insight I gained and connections I’ve made to help lead new entrepreneurs to financial freedom by discovering establishing and leveraging their unique positioning in the space. And there isn’t a single person I’ve worked with that doesn’t have something they can bring to the space. In other industries you’d call me a success coach, but I’m not into titles, I just love helping people like you escape the matrix and collect your coins.
But before weed, I worked 60/70 hour work-weeks just to stay above board. And finally, when I reached near-6 figures, I spent every ounce of my waking energy earning it, while sacrificing my integrity and ignoring the fact that what I was doing was sucking my soul away.
That’s not how it is anymore.
Now I travel when I want, I work when I want and for someone like me, who grew up one of 7 kids in a single parent home where we were so poor that I slept on the floor til I got my first bed in high school, I can’t begin to express how grateful I am to now say I am financially free – thanks to my place in this industry.
Case in point, I just found out I’m going to have to come up with another $15-$20,000 in legal fees in the next couple months. And while this would cripple most households, because I’ve found my unique position in this new industry, I’m irritated but I’m not shook, because I know I can generate that kind of cash. For example, my weed web series that took me an hour or two to make each day got me a $348,000 contract in just 6 months – this is with me using the same skills I had as a reporter, I just pivoted and applied them to cannabis and its paying off dearly. I would’ve had to work 12 hour days for 3.5 years, for that same $348,000 before cannabis. And that new $20,000 legal bill would’ve crippled me.
I want you to be financially free too.
While you’re pondering coming over to where the grass is literally greener, keep this list in mind:
The 6 biggest mistakes people make when getting into the green space.
(*list starts at 5:56 in the video!)
*In my next video I’ll be sharing how you can get started for less that $250.*
Don’t forget to answer the question: What would you do with this oppotunity if there was no chance you could fail?
1. Thinking they have to grow or sell green to make money in the industry.
That is actually one of the least profitable approaches to this industry. After extremely high barriers of entry that include application, lawyer and security compliance fees, 280e and your inability to claim your business expenses, audits – and you will be audited and the costs of constantly changing regulations. There isn’t much left. Like here in California, on July 1, every dispensary had to throw out all of the products that didn’t meet packaging and testing standards – which was nearly everything. A couple weeks later, the state turned around and said, ‘We change our minds’. This costed millions in inventory and things like this are going to continue happening, like they did in Colorado and Washington because the industry wants to weed out the smaller players that don’t have buckets of capital to keep up.
There are a million ways to make a million dollars in weed, for most of us, weed directly isn’t one of them.
2. Thinking they have to start their new cannabis career from scratch.
There’s no reason you shouldn’t take everything you’ve been mastering and apply to cannabis. That, your unique experience, is what’s going to add the most value to cannabis. And the more value you add, the more you are compensated.
3. Trusting amateurs posing as experts.
Just because it’s weed doesn’t mean everyone it’s all love, peace and rainbows… in fact, if anything, you need to be more cautious of who you choose to trust your financial freedom with in the cannabis industry. While the industry’s adolescence is what allows you to come in as an expert, scammers see that same opportunity and will tell you everything you want to hear – but have nothing to actually deliver or back it up.
Do your due diligence. Or you’re playing yourself.
4. Being inflexible.
The cannabis industry is growing and changing and if you aren’t willing to grow with it, if you come in unwilling to bend or pivot, you’re either gonna get left behind – or you’re gonna catch a charge.
Even as someone that only sells information, new this year, I’m not even supposed to mention any cannabis brands in California that aren’t licensed, otherwise I could be facing fees and legal penalties. All the brands in Colorado, Washington and California that counted on High Times Cannabis Cups to move product, were stuck when High Times stopped allowing vending, then stopped coming through all together. The cannabis events that were fine last year in Washington DC are now being busted and people across DC are getting arrested. These are three examples that show you have to come into this industry willing to evolve with it.
5. Not designing a lifestyle around this opportunity.
When you come into cannabis, you have the opportunity of a lifetime to design the life you actually want to live. But that’s only if you do so intentionally.
Pausing before you take action to think about whether you want passive income, want to work a couple times a week or want a demanding and celebrated full-time job; whether you want to vacation six times a year or you want to be a digital nomad like me, working from your laptop when you feel like it, from wherever you want; whether you want to be an expert that educates around the world or you want to tuck your kids into bed every night… you have to decide.
You didn’t do this before your current career, that’s why you’re still reading this post about shifting gears and finding a new career (and I appreciate you learning with me). But you gotta do it now that you’re getting into the green space.
And last but certainly not least:
6. Thinking you need a bunch of money to get started.
This simply isn’t true. In fact, I’m gonna show you how to get started for less than $250 in my next video.
I know some of you are thinking, ‘I don’t know if I can bring value to this space.’ But I can tell you this:
if someone is paying you to do something now, its because you’re providing value to them, you can bring that value to weed and bank on it.
Others might ask, well, I’m just a grocery bagger, what can I bring to the table? To that I say, if you don’t have the drive to go from bagging groceries or salting fries, to the register or drive through, you probably don’t have enough drive to start or sustain your own business so this aint for you. (No shade! My first job was bagging groceries!)
I’m not trying to sell the industry as a get rich quick scheme, or crypto q4 2017, what I’m trying to relay is the fact that there is so much opportunity for you transform your life in this new industry, as long as you’re willing to work for it.
And in my next video, I’m gonna share the quickest way to get into the cannabis industry. Stay tuned…
But right now, I wanna know:
If you knew there was no chance you’d fail, what would you do in this new industry? How would you design your dream life around this opportunity?
If you can’t say it, you can’t claim it, so get typing and you will be that much closer to owning your finances.
(Learn more about the cannabis industry at HERE)
Like what you read/watched? Be sure to join my mailing list – The Fight Club – we’re a community of people fighting for better business, relationships and overall, a better life.