Though medicinal cannabis’ properties have been discussed widely around the globe, many countries still don’t regulate or allow it to be legalized. What are the risks involved in investing in this sector?

Let’s start with the thorough research of which countries permit this business and which others do not. Next, contact local farmers to discuss your plans and obtain prices. Aside from monitoring the law changes in your chosen country regarding marijuana, it is important to keep an eye on them.

What are JuicyFields?

JuicyFields.io, an innovative platform, can make it easier, faster and better. A new company that was established in 2020 and has been able to increase their production by more than a third in just over a year. JuicyFields is also a link between the emerging marijuana companies and potential egrowers, because of how fast the market for cannabis is developing.

Their mission is not finished there. They are keen to dispel any misconceptions about cannabis culture, and provide access for medicinal cannabis lovers while remaining 100% legal. (Remember, they complete all paperwork and research so you can plant cannabis from an area where it is actually permitted).

Crowdgrowing vs. investing

Crowdgrowing is another option for you to invest, even though it may appear at first glance. However, one thing stands out between crowdgrowing and traditional investing. Before you buy your desired plant, you already know how much you’re going to earn. The market isn’t as important as the markets. Your profits are not dependent on investing. It’s as simple as creating a new account and buying your plants. You can also monitor your harvest.

It’s hard to find a better combination of Medicinal Cannabis and Crypto.

JuicyFields doesn’t just want to be the most popular crowdgrowing platform, but also wants to meet modern demands. Just as Elon Musk’s openness to accepting bitcoin and most recently dogecoin investments in Tesla (NASDAQ:), JuicyFields is upgrading the game by allowing e-growers to both purchase and sell plants with cryptocurrency.

Cryptocurrency Crowd-Growing

At the moment, it is possible to use BTC, ETH, or coins on this platform. You should also keep in mind that if you purchase a plant with crypto, your revenue will automatically be converted into euros. The same thing applies if you wish to withdraw bitcoins or something similar. This means that crypto can be converted into flat currency at harvest and you have the option to withdraw it in euro or crypto.

Paying with crypto: Step by step

Juicyfields plants’ prices range from 50 EUR to 2,000, so you will have to select the type of plant you prefer and the quantity.

Step 1: Choose your preferred payment method

Apart from the flat currency EUR, there are three types of cryptocurrency that you can use to buy plants: Ethereum, Tether and. At the time of payment, you will see all four options along with current exchange rates.

Step 2: Transmit your currency

Once you have chosen your cryptocurrency, the QR code and an address will appear. You can then use this address to transfer funds into your wallet. All funds must be converted to your preferred currency before payment can take place. You may not notice a change to your balance right away due to Bitcoin processing.

3. Monitor the situation

Your plant’s status may initially appear to be pending. But after some time (30 minutes approx), you will notice that the plant has begun the harvesting process. If you make a transfer that exceeds the price, do not despair, as you won’t lose it. For further purchases, the remainder of your Juicyfields balance will be added.

To withdraw, you can use crypto

When withdrawing your profits, the same screen appears where you select your currency. This screen will display the Euros equivalent in Bitcoin or Tether, as well as Ethereum. After you’ve chosen one, enter a transfer address to your wallet. To add security, you will receive a security code via mail before you are able to complete the transaction. Once you’ve entered that security code, the payment process will begin.

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