Hey there, I have quite a few questions about the marijuana growing business here in SoCal. Bear with me as I am a newbie in this field.
My friends and I want to make growing Marijuana a career (we're all 1
. One of my friends included in this goal, is very very rich, and his dad is letting us use his farm as long as everything we grow is legal (state wise). We all have our medical marijuana cards, which in Cali allows us to have 6 mature plants. We have 7 friends including me who are going to put our 6 plants on the farm, so we will have a total of 42 legal plants. We bought a Blackberry Kush clone the other day, and put it under 150w of CFL light, and a small fan, with a bowl of water in the box (the box is lined with foil so it's reflective thought the height of the plant, so the lightbulbs don't only hit the top). ?How much can we expect for this plantnd? A pound? It's going to be switched to a bigger box, with reflective plastic rather than foil, and a stronger light sorce (probably HIDs).
Now that you know how far along we are, I have some questions.
We want to treat this as a strict business, so we would go into dispensarys, and ask to become a potential vendor for their clinic, if they ask for a sample, we would happy give it to them. Once we sell the pound of the Blackberry Kush that we got from the clone, we're going to use that money to buy more clones, and some crazy strain seeds that are pretty rare here in SoCal (Maui Wowie, Borderliner, Alaskan Thunder Fuck, etc.). I know that these plants require different light schedules, so for the seeds that we buy we will made sure that they're auto-flowering females, and grow them outdoors.
So we came up with the base price at $3500 a pound regardless of how dank it is, that way we grow a quick relationship with all the dispensarys in SoCal, and eventually supply the delivery clinics as well. We wrote down on paper what to say when we call these dispensaries; so we sound professional and do not studder. We would dress is somewhat business casual. We want to show these guys that were serious about this and that we are not just a bunch of stupid kids who had good luck with a plant.
Now, if we grow a pound per plant, and sell it at $3500, $3500x42=147,000. We owe my friends dad who owns the farm a 90/10 split, he gets 10%(THATS IF WE SELL ALL THE BUD)
$147,000 is a fuck ton of money, so split by 7 would be still a fuck load of money. At that point we would build an actual grow room where we can keep the mother plants in the veg stage so we can clone them.
We have the trimming under control, because many of the kids we knew in highschool (we all just graduated) would trim weed for free as long as we smoke them out.
After awhile we would get the "growers permit" which allows us 99 plants per permit. We already decided that 400 plants is enough, and not to go over that due to the workload. 400x$3,500= 1.4million x 3 yields = 4.2 million, $420,000 would go to the farm owners for the 10% split. We're left with $3.78 million, divide that by 7 and we each get $540,000. After awhile with that money, we would buy another farm, and use more of the 99 plant growing permit, and have 400 at this farm. You get it, we're making a shit load amount of money.
So as you can see, this can become a real business, it would all be under the table yes, and keep it in cash, but it would still be a business.
Now my real question: I'm not trying to to jail here, so I want to keep everything legit and professional, so what I wante to do is create invoices for every pound we sell, so when Marijuana becomes federally legal, we can deposit the money we made into our bank accounts, that way if the government is like wtf, we can say we sold medicine, and we would HAPPILY pay the taxes on the time we grew where it was federally illegal. What's your take on this? Do you have any ideas? Let me know!
We're a super smart kids who took AP classes in highschool and all got 4.0 GPAs, and we smoke weed everyday. We're not lazy at all.
