It has only been a few years since the cannabis sector saw a remarkable change in fortune, with state after state in the US legalizing marijuana for recreational use. Then, in 2018, Canada legalized the cultivation and sale of cannabis nationwide.
In that time, however, giant agri-businesses have moved quickly into the cannabis sector and already begun to dominate the cultivation and distribution of the herb. This has, expectedly pushed many small independent growers, who made up the bulk of the black market during the era of dubious legality, into the margins.
Enter JustFields.io. This new platform promises to bring a technological solution designed to crack global cannabis monopolies. Its great innovation is crowd-growing which allows anyone to legally grow medical cannabis and make money doing it.
Admittedly, there are still some legal hurdles for independent growers to skirt. In the US, there are still restriction on how much money independent growers can raise as well as entry costs that continue to be barriers to entry.
However, in Europe, the crowd-growing market is already entering maturity, with independent growers taking advantage of the burgeoning CBD industry. Juicy Fields takes that one step further. It not only helps growers find distribution channels, but allows a one-stop solution for them to enter the strictly regulated cannabis market.
The platform not only allows cannabis startups to raise funds, but it also shares its profits with its members. It’s been doing so for over five years. With an international focus, its expert crowd funders give companies in both the US and Europe, access to specialist funding.
This is a great opportunity for an international cannabis market. In Europe, patients seeking out CBD treatment far exceed the supply that is available, with Luxembourg poisedbecoming the first EU state to legalize recreational marijuana use. In the US, 12 states have already legalized marijuana for recreational as well as medical use.
But for small cannabis businesses, bureaucracy continues to stifle innovation, which has precipitated the need for a simplified crowd funding solution for growers, like Juicy Fields.
Juicy Fields Approach
What makes Juicy Field so innovative is its crowdfunding cooperative model which offers long term relationships for growers, better than any one-time deal they may discover. On average members will continue to receive income from three, four and even five years down the line. It can do this because, in essence, the platform is a co-op of like minded people buying part of a garden and scraping profits when the cannabis is sold.
The company is planning to accept 10 new projects by the second and third quarters of 2020, worth an estimated 50 million euros. By the fourth quarter, they’re looking to scale that up to 150 million euros. Expectedly, Canada, Germany, Poland and Italy are the biggest markets on the platform, but others will soon be joining this illustrious list.
Who Can Join?
Currently investors on the platform has to be at least 21 years of age. Other than that, there are no other barriers. Simply signup on juicyfields.io for a personal growers account. Once you’ve registered, you can choose to invest in small, medium, high or ultra yields at prices that start at only €50. After only three months, you can expect to receive your first dividend payment right into your online wallet.
You can also join as a farmer provided you have a license for the cultivation of GMP and GAP and can produce medicinal cannabis with a high THC yield. You must also demonstrate that you have a long-term secured lease or own the land for cultivation. Each farmer is vetted for a proven track record of growing medical cannabis.
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