Finding marijuana investors can be really hard if you have limited experience. But that doesn’t mean it’s impossible. In fact, if you know what to look for, you can find some great cannabis investors and make awesome deals in a short amount of time!
In this article, we will talk about where to find marijuana investors and everything else in between. Check it out!
The future of the cannabis industry
When we talk about cannabis, we usually refer to either marijuana or hemp. Marijuana is recognized as a recreational substance, although it has some wellness potential. On the other hand, hemp-based products are mainly used for their potential therapeutic properties.
At this moment, you can buy hemp products in almost every American state. The same goes for numerous other countries of the world.
On the other hand, recreational marijuana and THC-heavy products are a bit trickier. There are still a lot of states where this substance is criminalized, so you cannot buy it wherever you want.
If we’re talking about cannabis in general, the substance is legal in 30 different states (for both recreational and medical purposes). Nevertheless, you have to learn more about the local regulations before you start using the substance. The same goes for cannabis businesses; each state has its own laws which may hemp or interfere with your enterprise.
In terms of numbers, it is expected for the cannabis industry and informative CBD blogs like this one to grow several-fold in the next several years. If you check some of the online stores, you might notice that the number of products is increasing with every passing month.
Every now and then, you might notice something brand new. And while most people think of the cannabis industry as nothing more than growing weed, there is a lot of research and development involved in these products and processes.
Find cannabis investors through directories
If you want to find marijuana investors quickly, specialized business directories are probably the best way to go about things. Luckily, there are a lot of cannabis business directories that can help you with that. Through these websites, you can reach out to a larger number of people.
Whether you need a cannabis marketing agency to promote your brand or products or to link up with other entrepreneurs, these sites are the right place to do it.
Cannabis business directories are especially great for startups that have limited funds and exposure. If you have a solid idea for a marijuana business, this would be the right place to share it with a larger audience.
Depending on their response, you can determine whether this model is feasible in the first place. We suggest checking out places such as Ganjapreneur, Cannapany, and The Cannabis Business Directory.
Cannabis events and fairs
If you wish to identify the right cannabis investors, perhaps the best solution is to attend various events and fairs. During these seminars, you can meet a lot of new people. Besides networking, you are also able to learn new things about industry trends or to check out your competition. So, it is the best of both worlds.
Needless to say, these events are great as they allow you to speak face-to-face with potential marijuana investors. If you’re great at sales, this will provide you with a unique opportunity that you wouldn’t have had otherwise if you were to pitch a person via the internet.
Furthermore, there are a few events that are created so that cannabis investors and startups can hook up. These are tailor-made for you as you won’t have to think about whether or not a person is truly interested in your offer.
As long as you prepare a good, viable pitch, you will have a good chance to land a cannabis investor.
Online connections
Connecting with a person online isn’t as good as meeting them in person. Oftentimes, these types of connections have a feeling of cold calls; you don’t know much about a person, and you’re still trying to force them to invest money in your project.
Most of these cannabis investors get such offers on a regular basis, which makes it harder to stand out from the crowd. Nevertheless, there are ways to connect with investors in a smart way, ensuring you have higher odds of succeeding.
First off, you shouldn’t mess up your targeting. Reaching out to a marijuana investor out of the blue will usually yield bad results. However, what you can do is join various cannabis groups.
For example, LinkedIn is a great place to start. If you want something even more targeted, we suggest that you check WeedCircles, a social media network that is specially made for cannabis entrepreneurs.
Cannabis crowdfunding
Like with any other type of business nowadays, cannabis crowdfunding is a great way to ensure the initial resources for your company. If you create a good initial pitch, you might get a lot of responses from all the people who are interested in your project.
Naturally, given that it’s crowdfunding, we suggest that you offer small rewards that would incentivize people to give you money. In most cases, some of your future products will do the trick.
The great thing about crowdfunding is that you won’t relinquish a part of your company. A lot of people are worried about this when they approach marijuana investors. However, the amount of money you can get from these campaigns is usually lower compared to the resources you can accrue when dealing directly with marijuana investors.
We suggest that you check websites such as IndieGoGo and Kickstarter. These are the two biggest platforms for this kind of thing. If you want something a bit more niche-oriented, you can check Fundanna and CannaFundr. Anyway, try different things until you reach your goal.
Conclusion
There are lots of different ways to get money from marijuana investors. Although these methods require some planning, and oftentimes, to have a prepared pitch, they can help you out big time.
Keep in mind that cannabis investors are always looking for new marijuana businesses to invest in, and as long as you can attract their attention, they will be willing to provide the necessary assists.
