Cannabis businesses have always been in a gray area due to the fact that growing this plant is illegal in some countries, and in order to get it started, there are a million obstacles in the way: high license fees, over-the-roof taxes and hesitant funders. Therefore, investing in it might seem a bit daunting. However, growing legal marijuana is as easy and transparent as it can be with JuicyFields, given that you can be anywhere in the world while doing it.
So, how does crowdgrowing work?
JuicyFields seamlessly combines a wide network of international partners with a high-end online platform to offer their customers the best user experience possible. The plants are all grown and sold in countries where Medicinal Marijuana is legal, such as Portugal, South Africa, Colombia and Uruguay.
Investing in Cannabis vs. Crowdgrowing
Unlike with investing, the profit you make with crowdgrowing is crystal clear since the purchase of the plant, and won’t change according to the market trends. The special business model of JuiciFields differs from the typical investment scheme due to the fact that, by becoming an e-grower, you will know for certain what your profit will be when you buy the plant. In other words, what you earn will not change depending on the industry, the company, amongst other factors.
- Getting started
JuicyFields user-friendly platform allows you to seamlessly dive through each stage of the process, which means you can buy, monitor, and cash in your plants at the same place. After you create a free account, you will see the strains of medicinal cannabis you can choose from.
There are 4 varieties that JuicyFields offers at the moment: JuicyFlash, JuicyMist, JuicyKush and JuicyHaze. They all have different harvest times and costs that range from 50 EUR to 2,000 EUR. Select the one that fits your objective and how many you want to buy. Each plant is outlined with its price,revenue and growing period.
- Pay and monitor your plants
Out of the many advantages of joining JuicyFields is that you can not only buy in flat currency (Euros), but also in crypto.
Wait…cannabis and crypto?!
Yes. The one thing that makes it even more special is that you can also crowdgrow using cryptocurrency. JuiciFields suggest using either Local bitcoin or Coinbase to purchase the plants because the commission rate is approximately 1USD.
After your payment, you will be able to see and to monitor the progress report through their online platform. As an e-grower, you can get your first harvest in as little as 108 days after purchasing the plant.
- Earn and start over
As soon as you acquire your plants, you’ll see the profit in Euros. However, you can choose to receive your earnings back in crypto, according to the exchange rate of the moment. For instance, one of JuicyFields best options is to withdraw your profit in crypto through Binance because its commission rate is 1USD. However, it is not recommended to purchase plants via Binance, as its commission rate could be over 10USD.
All in all, JuicyFields offers a rock-solid business opportunity: an accessible platform, transparent rates and different payment routes.
So, are you ready to become a pioneering e-grower in Latam?