Diversifying your crypto investment through medical cannabis
How to invest in medical cannabis using cryptocurrency?
There are plenty of options to diversify your investment in crypto currencies. The medical Cannabis industry is one of them. There are established companies producing medical cannabis products that are seeking investors. Some of them are using platforms that allow you,
as an investor, to invest money using crypto. That money is invested into socially responsible and profitable projects, which generate benefits for the company and their investors.
Regulations for crypto investments in Europe
When it comes to investing in European companies by using fiat currencies (i.e. EUR, USD, CHF, etc.), investors are responsible for taxes on the profits they have earned, and the company, which is receiving the investment, is responsible for notifying tax institutions and regulators of those taxes being held. As such, this limits the range of locations in which investments can be easily made as they have to take into account local tax laws.
On the other hand, with cryptocurrency, these investments are considered as regular products according to the EU legislation. This means that cryptocurrencies are no different from cars, groceries, books and other goods from a EU law perspective. Therefore, these assets (crypto)
are not taxable as there is not an official currency being used. For example, If you were to invest in a project by giving 1 laptop and as a return for your investment you get back 1 laptop and 1 smartphone, this transaction would not be taxable. It’s the company who is liable for taxes from investors’ yields after selling the product they invested for.
This crucial difference opens up an opportunity for international investors to use their crypto assets as a payment method, greatly simplifying investing in several countries.
Medical cannabis industry
Recently, the medical cannabis industry has become an important business opportunity, yet, it is still unexplored to its full potential. According to CNN, the legal cannabis industry was valued in 2020 at approximately $24.6 billion dollars globally, and it’s expected to increase by more than 14% each year over the next seven years.
The companies in the industry have bet on producing CBD oils, supplements and vapes. This, along with a growing interest in cannabis products, has led to the expansion of the cannabis products lines, leaving space for gels, lotions and other products for the beauty industry, which is actively being researched and developed.
A segment of this market, crowd growing, is expanding too. Crowd growing companies have expanded creating subsidiaries and partnerships to operate in countries with pro-marijuana laws like Uruguay, Colombia, Peru, Ecuador, Mexico, Portugal, Ganna, Kenya and others.
How to invest
Juicy Fields is one of those crowd growing companies. By letting their so-called e-growers use crypto to enter into the medical cannabis industry, it wants to create a global brand for the production of medical cannabis. Right now they are growing relying on people that want to earn money by helping small businesses expand and improve.
Joining JuicyFields is straightforward. Create an account and check out your demo plant to understand how the platform works. Select among the different options and what plant category suits you best, and you’re good to go.
As a final note, the Juicy Fields’ platform uses Euros for all transactions, so every crypto investment is exchanged using the day’s exchange rate.