Alan Glanse, CEO
In recent years, owing to legalization and de-stigmatization in several parts of the world, the usage of cannabis is gaining momentum for medical purposes. Today, medical cannabis is prescribed by doctors to treat different chronic conditions, such as Parkinson’s, Alzheimer’s, arthritis, cancer, depression, anxiety, epilepsy, and other neurological disorders. The broad application scope of medical cannabis has led to an increased product demand for treating various chronic conditions.
According to one projection, the global cannabis market is set to reach $ 109 Billion by 2024. In addition, the recreational use of cannabis is also expected to be the fastest-growing segment soon. A few developed nations, such as Canada, Uruguay, and certain states of the U.S., such as Arizona, Mississippi, New Jersey, Montana, and South Dakota, have gone a step further and legalized the recreational use of cannabis. Recreational cannabis is readily available in brick-and-mortar, and online stores with an economical price tag, the demand for the same has increased exponentially in these regions.
There is no denying that the last few years have seen significant strides in the legalization of cannabis and the growth of the cannabis market. Still, with any budding industry, there are always challenges to overcome. With regulations differing from state to state, there are several technological headaches unique to the cannabis industry.Moreover, due to the imposition of lockdown, disrupted supply chains, and labor shortages from the effects of the COVID-19 pandemic, the cannabis market growth has been adversely affected. That said, starting legal cannabis growing business will require heavy monetary and time investment. Cannabis businesses are levied higher license fees, extreme taxes, and limited banking opportunities. Plus, thriving black markets continue to operate and flourish in regions where it’s not entirely legal. To help budding entrepreneurs start a profitable Cannabis Business, one company, Juicy Fields, provides a crowd-growing platform that connects would-be investors with medical cannabis businesses looking for financing.
The company’s platform enables investors the opportunity to earn revenue by helping small businesses in the cannabis industry expand and improve without land, financing, or start-up risks. “The goal of our project is to create a global brand for the production of oil-based medical cannabis products,” adds Alan Glanse, CEO of Juicy Fields.
Significantly Reduce Risk and Increase Reliability of Regular Income
Crowd growing or e-growing is not a cannabis business in the traditional sense but leverages established global cannabis production networks; it offers the benefits of the cannabis business with much less risk. Crowd growing leverages the power of partnerships in the cannabis cultivation and distribution space by eliminating usual entry barriers such as licensing costs, cultivation, distribution expertise, networking, real-estate, and significant capital funding. This operating model provides entrepreneurs with a lowered risk, turn-key efficient cannabis business from the start. The cannabis plant, which is the end-product, represents a pre-designated business income for the e-crowd grower. While an entrepreneur purchases a plant from Juicy’s platform and awaits its harvest, funds from the plant purchase are distributed to a cannabis business partner to expand growing facilities, project development, marketing, testing, and other necessary expenses. This ensures that producers make the end-product less expensive, higher quality, and more desirable as an export. As the e-crowd grower collects his income from the harvest, the distributors use international legal distribution networks to export the products to marijuana-friendly export and domestic markets. Thus, increasing production capacity, competitiveness and safeguarding an entrepreneur’s initial investment in the cannabis export marketplace.
Juicy Fields crowd growing platform enables budding entrepreneurs to start a cannabis growing business without the expertise and necessary resources. Users can select the strain of cannabis and the number of plants they want to have in their greenhouses; the company’s growing experts take care of the rest, cultivate the plants, and turn them into a profit in as little as 108 days. Juicy fields offer a Clone shop menu, where they display an example of the many options of Cannabis strain available. The company offers four types of Cannabis strains — JuicyFlash, JuicyMist, JuicyKush, and JuicyHaze, that give extra profits depending on the size and quantity of harvests.
“Once it reaches maturity, JuicyField partners will harvest, process and sell the cannabis flower. Profit from the sale goes to the investor’s internal Grower’s Balance,” says Alan. Thanks to the experience of its partner and favorable climatic conditions, Juicy fields are harvested 2-4 times a year, depending on the variety. All the types offered to grow online are certified by local authorities and licensed for their high THC levels. Each product’s harvesting life cycle, plant renewal, harvest amount per gram, selling price, and expected profitability are provided to the investors. Furthermore, using the Greenhouse and Warehouse menu in the platform, users can monitor their investments and how they grow.
A Global Network of Certified and Licensed Partnerships
The goal of our project is to create a global brand for the production of oil-based medical cannabis products
Last year, juicy field established its headquarters in Berlin, Germany with partnerships and subsidiaries in countries with favorable laws to marijuana production and exporting Colombia, North Macedonia, South Africa, and Lesotho. The company has agreements with a global network of licensed cannabis companies — Sabores Púrpura, Portugal, and KannaByte, Medellin, Colombia. The EU GMP licensed producer from Portugal, Sabores Púrpura, focuses on the luxury segment of medical products. Sabores Púrpura aims to provide high-quality products and maintain the production process on the highest level with brand new equipment, robust technologies, and profound expertise. On the other hand, KannaByte is a fully licensed cannabis technology innovation company specializing in the cultivation and transformation of MJ oil for medical purposes. The Colombian company follows the strictest international GAP and GMP standards throughout the production and distribution processes enhanced by using Blockchain technology. In addition, Juicy Field Platform is supported by the Cannabis Advisory Board, an international group consisting of cannabis professionals and entrepreneurs from all cannabis industries such as horticulturists, FinTech, Medical Specialists, Cannabis Lawyers, Influencers, and Opinion Leaders. “We started Juicy field not as a company but as a mission to give people who can benefit from it,” concludes Alan.