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How much money can marijuana grow in the United States?

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With the legalization of marijuana in 17 states such as California, it seems that more and more Chinese grow marijuana in the United States. So, what kind of regulation is marijuana cultivation in the United States? Can you grow marijuana legally? How much money can you earn by growing marijuana legally?


States legalizing marijuana in the United States

Since California legalized medical marijuana in 1996, 17 states in the United States have legalized medical marijuana, including California, New York, Delaware, Michigan, New Hampshire, Rhode Island, Arizona, West Virginia, Louisiana, Ohio, Arkansas, etc. South Dakota, Nebraska, Kansas and Idaho prohibit the use of all kinds of marijuana, and 16 states only allow the use of marijuana for medical research to treat epilepsy and other diseases.


Many universities in New York offer marijuana classes

With governor Andrew Cuomo signing the marijuana regulation and administration act on March 31, 2021, New York became the 15th state in the United States to legalize marijuana. Marijuana is removed from New York State's list of controlled drugs and can be smoked at will over the age of 21.

After the legalization of recreational marijuana in New York State, many universities in the state, including the State University System and New York University, began to set up new relevant courses to increase students' skills in the marijuana related industry in the future; The online university excelsior college today added a master's degree in "cannabis control" and extended it to the University Department.


Marijuana can only be sold in cash

Although marijuana has been legalized in California and 17 other states, marijuana still belongs to the drug category in the Federation, and banks are under federal control. Banks cannot provide services such as opening accounts and saving money for the marijuana industry, so the sales and cultivation of the marijuana industry are carried out in cash.


How much money can marijuana grow?

Growing marijuana is very profitable, so there are many people doing it. According to the data of cannabis business plan website, since California passed the recreational marijuana act on November 8, 2016, as of January 2021, California has approved 10000 business licenses for all kinds of recreational marijuana. In 2020, California retail stores sold marijuana products worth 4.4 billion yuan, a sharp increase of nearly 50% over 2019. In 2020, California accounted for 27% of the total sales in the United States.

Growing marijuana, some of which are directly operated by wrapping a shed from the employer; Some are employed employees with salaries ranging from $150 to $300 a day. According to a person familiar with the illegal marijuana industry, a plant of marijuana can be traded on the black market for nearly 1000 yuan, with a net profit of more than 60%, and the cultivation of marijuana requires the installation of lighting and exhaust pipelines. Therefore, the owner of the marijuana house will contract to find a decoration team to build it. Usually, a project can be completed in a few days, and the decoration workers can earn 5000-6000 yuan, Therefore, many Chinese decoration teams have invested in it.


Requirements for the legal cultivation of cannabis

At present, the legality of marijuana depends on the States, but recreational marijuana is still illegal under federal standards. The requirements for legal marijuana cultivation in California are as follows:

1. Cannabis licence

California law stipulates that there must be a specific medical marijuana license to legally hold or grow marijuana, but in fact, it is easy to obtain this kind of hospital marijuana license. There are many small points to help people issue marijuana licenses on Venice Beach, and you can do one for 50 or 60 dollars.


2. Quantity: 6 plants per person

Each licensed "patient" can plant six cannabis plants for their own use, but most people don't think it's troublesome to plant them themselves, so they entrust special personnel to plant them collectively, resulting in the industry of cannabis cultivation.


Risk of cannabis cultivation

Take California as an example to introduce the risks of marijuana Cultivation:

Since 2011, California law stipulates that those who hold less than 28.5 grams of marijuana need to pay a fine ranging from 100 yuan to 485 yuan. Those who hold more marijuana are criminal misdemeanors and can be sentenced to a fine of more than 500 yuan and six months' imprisonment. Anyone who grows or holds marijuana on the premise of trafficking is a felony and should serve a sentence in a state prison. Because the federal government defines marijuana as a drug, the court does not accept the defense of medical use. If you are arrested by the federal government, you will be sentenced to heavy duty.

California laws have strict regulations on the consumption or cultivation of marijuana. Any commercial act of designing marijuana, including planting, production, transportation, carrying and sales for the purpose of trafficking, must apply for a license from bureau of cannabis control and relevant county and municipal administrative agencies. After the legalization of marijuana in California, adults aged 21 and over can carry no more than 28.5 grams of plant marijuana and 8 grams of concentrated marijuana, can grow no more than 6 marijuana at home for personal use, or can buy marijuana drugs with medical marijuana ID card as recommended by doctors.


State requirements for marijuana


New York State

Adults over the age of 21 are allowed to smoke at will; Under the act, individuals will be allowed to hold no more than 3 ounces of recreational marijuana or no more than 24 grams of refined sesame oil. The bill also requires the state capital to establish a marijuana management office and design a regulatory framework. It is expected that the issuance of legal business licenses will begin as soon as 2022. However, all parts of the state also have the right to legislate on their own within 2021 and choose to prohibit the sale of marijuana.


Texas

The law stipulates that possession of up to two ounces of marijuana belongs to class B misdemeanor and is punishable by up to 180 days' imprisonment and a fine of $2000.


Virginia, Virginia

On July 1, 2021, adults over the age of 21 may legally hold no more than 1 ounce of marijuana, but may not use it in public places; Each family can cultivate up to four cannabis plants in their own home, but the cultivation must be away from public sight, and each cannabis plant must be clearly labeled with the grower's name, driver's license or ID number. Victoria will open the retail of marijuana from January 1, 2024 and create a regulatory agency cannabis control authority to take charge of the marijuana market. However, the specific commercialization and regulation of marijuana will be determined in the subsequent legislative quarter.