"We aim to make entering the cannabis industry easier with crowdgrowing"

So, you want to enter the cannabis industry but aren't sure where to begin or how to navigate the legal landscape? Consider "crowdgrowing," a term coined by the maverick company JuicyFields, which aims to leverage the power of partnerships in cannabis cultivation and distribution to make cannabis accessible to anyone and everyone around the world.
 
JuicyFields was founded in 2012 but truly took form about five years later. "The first steps were not made on behalf of any company per se. It was an association of people interested in developing the idea and creating the project as we see it now," head of marketing Fanny Skoglund tells Forbes.com. The company is not limited to one location; as Skoglund points out, future team members were in the United States, Germany, and Switzerland. Their geographical makeup matches their desired clientele, as they have no restrictions regarding the location of their users, although JuicyFields is legally based in the Netherlands. Early on, JuicyFields focused on research and feasibility. Then, they planted figurative seeds for their goal: to create a platform for people who want to grow medical cannabis but don't have the access or funds required to enter. "We needed to build a platform that allows everyone to grow cannabis without the need to touch a plant and achieve their business dreams," Skoglund says.

Their goal is to create a platform that helps people grow legal cannabis, whether a company is a "non-plant-touching business," such as marketing firms and legal teams, or a "plant-touching business," such as cultivators, processors, and distributors. Starting a cannabis business always presents challenges, but cannabis cultivation businesses, in particular, must go through many aggravating processes even before they grow their first plant, such as raising capital, obtaining licenses, and hiring a legal team.

Concerned with making life easier for entrepreneurs, their research led JuicyFields to ask: Is there any way to get into the international legal cannabis industry with the benefits of a plant-touching business but without land, financing, or start-up risks? They came up with their own solution, called crowdgrowing, a platform they launched in March of 2020. "This did not exist before and was formed by us, and we laid down practical approaches to implementation and successful experience," Skoglund says. "Now on the Internet, there are attempts by other companies to organize a similar interaction or producers, platform, and users."

To read the complete article, go to www.forbes.com


Publication date:


email this article    Print   

Receive the daily newsletter in your email for free | Click here


Other news in this sector:

Twitter Rss

© MMJDaily.com 2022

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber