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08-10-2011, 11:06 AM #1
OPJunior Member
questions on becoming a grower
Family member wants me to loan him some money to become a grower in Cali. I had some questions, I hope someone can help me.
1. Is it truly safe from a legal perspective?
2. He asked for $10,000.00 - it seems like a lot of people are trying to be growers there. Is $10,000.00 enough? If it is, I'd consider giving it to him, but when markets become saturated, it often requires some kind of edge to get into businesses that are already full of more experienced business people. So I understand what he wants to do, buying lights, equipment, etc, but I also don't want to hand him $10k and piss it away because he didn't have enough to start with. if I had to, I'd rather give him the 10K contingent upon maybe getting a loan for whatever else he may need.
3. Pot sells. I know this. But is it going to be hard for him to do it legally? I have a wife and kids. They enjoy seeing me when I get home from work at night. I'd hate for them to only be able to enjoy that through prison bars because of something stupid. This also begs the question, as an investor, do I actually suffer any liability? If I give him the money, I will definitely consult a lawyer in Cali, but I just wondered if anyone had any experience with this.
4. Any other advice for or against would be great. I appreciate your time.pentupentropy Reviewed by pentupentropy on . questions on becoming a grower Family member wants me to loan him some money to become a grower in Cali. I had some questions, I hope someone can help me. 1. Is it truly safe from a legal perspective? 2. He asked for $10,000.00 - it seems like a lot of people are trying to be growers there. Is $10,000.00 enough? If it is, I'd consider giving it to him, but when markets become saturated, it often requires some kind of edge to get into businesses that are already full of more experienced business people. So I understand Rating: 5
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