How to invest in medical cannabis using cryptocurrency?

There are plenty of options to diversify your investment in cryptocurrencies. 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 its 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 accountable for notifying tax institutions and regulators of those taxes being held.

This limits the range of locations where assets can be easily made as they have to consider local tax laws.

On the other hand, with cryptocurrency, these investments are considered regular products according to EU legislation. This means that cryptocurrencies are no different from cars, groceries, books, and other goods from an 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 one laptop and as a return for your investment, you get back one laptop and one smartphone, this transaction would not be taxable. The company is liable for taxes from investors’ yields after selling the product they invested in.

https://journals.sagepub.com/doi/full/10.1177/1023263X20911538

This crucial difference allows international investors to use their crypto assets as a payment method, greatly simplifying investing in several countries.

Medical cannabis industry

The medical cannabis industry has recently become a significant 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 expanding the cannabis product lines, leaving space for gels, lotions, and other products for the beauty industry, which is actively being researched and developed.

SaaS business model, high margins and scalable ✅
Rapid expansion in medical cannabis ✅
Launched crypto coin for cannabis and owns 50% of company ✅
CEO Brad Moore talking about its investment in GCAC token has already generated millions on bottom line ✅
21M market cap ✅

— International Intelligence Network (@Nomadbullstreet) April 26, 2021

A growing segment of this market, the crowd, is also expanding. Group growing companies have developed 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

They are growing, relying on people who want to earn money by helping small businesses expand and improve. Juicy Fields is one of those crowd-growing companies.

By letting their so-called e-growers use crypto to enter the medical cannabis industry, it wants to create a global brand for the production of medical cannabis.

Joining JuicyFields is straightforward. Create an account and check out your demo plant to understand how the platform works. Select the different options and what plant category suits you best, and you’re good to go.

Finally, the Juicy Fields platform uses Euros for all transactions, so every crypto investment is exchanged using the day’s exchange rate.