Gold Rush in Cali

All you gotta do to get a loan is be VERY persuasive....

 

All you gotta do to get a loan is be VERY persuasive...

 

No you need to present a viable business plan to get a loan.

 

You gotta have a way to pay it back though. Therefore you gotta have a good idea for them to invest in your idea unless you got a house or something....

 

What initial capital do you have to put up.

 

I'm sorry but what is a capital?

 

How much actual money are you able to front on this out of your own monies. Not a loan. How much collateral do you have.

 

I don't have any but if its a good enough idea the bank will give you the loan. And I don't think it would be hard to find investors or people that'll even work for free weed.
I know my parents would give me a initial cash to get started and the bank would loan the rest. To get started with a one BIG growop, i think you would only need 100,000 to get started and then it wouldn't take long to get started.

 

You will need initial start up before a bank will even look at a business plan. That means that you will have to have enough literal cash to start and get to harvest without their investment.

That includes all expenses.

In your business plan you will have to have certain areas covered and they will have to be paid for before you even approach them. Things like market studies, real estate, environmental studies, clients for your product (actual proposed clients, not those you hope to get) your plan for acquisition of not only product but also labour and how you are going to cover that. Zoning and legal requirements for all permits for building. Insurance for not only buildings and those that work for you but also for crop.

I am only touching on a fraction of what you will have to do before you even approach a bank.

You also have to deal with the fact that at this point the bill as it stands states it can not be for profit but also the growers that are already licensed are going to be protected. You will have to apply, again at a cost, to be approved to supply. What is your projection on yeild and time frame. How fast will you have cash flow back into the initial investment.

The bank will not take any risk on an idea that can not be shown to be a viable business.

100,000 will not even pay for a business plan.

You will not find investors with that kind of money to throw around who are going to risk it on someone who does not know what they are doing and has no grow op experience. Nor are they going to invest more than you are in a business.

You honestly think people are going to work for weed only. Makes no sense.

 

Okay, basically I think no one wants to tell you this, but you come across as very uninformed about the real-life aspects of tying to start a grow operation.

First, no bank especially in this economy will give you a loan of 100k without a solid business plan. I work in finance in New York and I see legitimate, well-thought out small business owners get turned down routinely for even smaller loans.

Second, you would need to put a huge amount of personal time into this operation. With thousands of dollars on the line, you can't sit back in another state and expect the operation to go well. A professional grow operation has a structured business model that depends on oversight and structural hierarchy of command (just like a real business). No one is going to work part-time jobs, for weed, and for 25k and risk working a grow operation. Plus, do you really want part-time stoners working other jobs responsible for your massive business investment? No, probably not.

I don't mean to crush your dreams, but I've personally done a lot of research and thinking about this prospect and was excited hearing someone else on HF was seriously considering it. As well, you need to turn a profit to run your business. (No business is a true "non-profit" unless you have free donations).

Initial capital (starting money: cash, property, some liquid assets) are essential. Just to do research like finding the right property to grow costs money.

Anyway, didn't mean to crush your dreams or be a dick. If your still serious after understanding the reality of the idea, which you seem determined which is great, let me know and what not

 

Union workers a hundred dollars an hour my ass! Anyway,I know a farmer in California that's been agitating the legislators for quite a while now to grow hemp for bio diesel and he can't even get that done. He has money,land and expertise and they are not interested. Good luck on any of that.

 

not to sound mean OP but the cannabis market here in CA is FLOODED. There are people here that have been breeding very strong strains for 30+ years and genetics are kept in a tight circle. You will not be able to even get a foot in the door without working as a clipper for a few years ( which is a hard job to get as it is). You may want to go to one of the fresher more beginner friendly places like CO, MA, MI ext.

Good luck

 

Lol not even, he was my brother's boss for a few weeks when he worked at the quarry

He's been a member of the union for 35 years, but yeah he's an operator and barely does shit for about 105$ an hour or so. Illinois is corrupt as fuck in most ways, there is no doubt about that.

It's funny, the owner of the quarry also owns the big blacktopping company in town as well as our MAJOR development group, aka he's the richest dude around. So yeah, they all get paid way better than you would ever think, but it's not like just there are job openings exactly at that pay-grade

 

WC Fields said: "go away boy, you bother me"..

 

Don't drink the water because fish fuck in it.