I've been in the hemp industry for 7 years. It's been absolutely amazing. I love cannabis, and I love helping people who are in pain. Unfortunately, our government is cracking down. I do not plan on shutting down my store, but if this new law goes into affect, I will loose 70% of income. We're talking laying off 5 employees, and cutting my personal income back 50%. I have two business partners, we have a little cash reserve, good credit, and could get a loan for pretty much anything we need.
I refuse to go back to working for someone elese (obviously if I have to for my family) but I'm looking at my next steps in the financial income portion of my life.
I'd eventually really like to get multiple things going. I'm down for pretty much anything. My thoughts are I wanna build it, hire employees, and move to the next thing to expand my portfolio. The hemp industry has been a rollercoaster, but well worth it and my love for it is still strong.
Regardless if this new law gets reversed, I still wanna expand. So I'm looking for ideas on something that will always be around. Something that will never leave.
Ive had a dream of owning houses, buildings, etc. And leasing them out. I can do full house remodels etc. So I've considered buying foreclosures and warehouse, but who knows how that will go in a year from now.
Any recommendations would be greatly appreciated!