Tuesday, December 11, 2007

Marijuana is Quickest Path to Millions:
The New California Gold Rush

The quickest and most reliable way to make a million dollars is currently
the marijuana business, and thousands are rushing to cash in, according to
research conducted by MarijuanaBusinessNews.com.

In 1996, California passed Proposition 215, which legalized marijuana for
medical use. The only requirement was that users obtain a recommendation
from a doctor. In the following years hundreds of thousands of people have
obtained recommendations for medical marijuana. Along with them came an
entirely new kind of business – the marijuana compassion clubs. What started
as a few small patient’s clubs in the San Francisco Bay area has grown to
the point where there are estimated four hundred medical marijuana outlets
openly operating in the City of Los Angeles alone. Statewide, there may be
as many as a thousand – not counting delivery services.

While the legalities surrounding these clubs are uncertain, the profits are
not, according to Clifford Schaffer, Editor of MarijuanaBusinessNews.com. He
says that the number of new millionaires being created dwarfs the California
lottery. “The California lottery is advertising that they will make five new
millionaires on New Year’s Day. According to our research, the marijuana
business does that about twice a week in California,” said Schaffer. “The
marijuana business is in absolutely phenomenal shape right now. It is the
equivalent of being able to grow solid gold in your closet. It is the new
California Gold Rush, and it is way bigger than the last one.”

The time to make a million can be extremely short. “Our research shows that
a smart operator can be a millionaire after taxes in less than a year,” said
Schaffer. . “That’s not just our guess. We have found numerous examples
where it already happened.”

To prove the point, MarijuanaBusinessNews.com features two pages that show
how fast someone can make a million dollars. One page allows users to
calculate how money they will make growing marijuana, while another page
gives estimates for retail sales. Users enter their basic business
assumptions and the web pages show the financial results before and after

Schaffer says that the opening up of the medical marijuana market has also
produced a change in the kind of people in the business. “We are finding
more and more small entrepreneurs going into the business,” said Schaffer.
“The new entrepreneurs are not the thugs and professional criminals that
have dominated the industry in the past. The majority of the people running
these operations are natural-born US citizens who are both patriotic and
law-abiding – with the exception of the marijuana business, of course.
Except for the fact that they are in the marijuana business, they are no
different than the people running any other legitimate small business. They
are no different than the people you knew in high school.”

As for the risks of getting busted, Schaffer says the research shows that
the risk of being put out of business by law enforcement is low.
“Proposition 215 removed much of the threat from local law enforcement,”
said Schaffer, “and the Federal Government doesn’t have the resources. The
DEA has been reduced to sending letters to landlords and throwing temper

Schaffer points to a number of recent instances in which the DEA has raided
marijuana stores but haven’t arrested anyone. “They just take all the cash
and marijuana and trash the place,” said Schaffer. “They just loot the
places because they don’t have the resources to do anything else. They don’t
even bother to account for the money they take.”

“Marijuana is de facto legal in California,” said Schaffer, “and all the
king’s horses and all the king’s men are not going to change it. Economics
has won. The entrepreneurs have effectively negated government policy.”

Clifford A. Schaffer
Editor, Marijuana Business News

No comments: