Growing magic mushrooms for profit might sound like a farce to some. But to others, it will become a massive opportunity.
Efforts to legalize psilocybin-producing magic mushrooms are running rampant throughout the United States. As states continue to push bills that permit psychedelic mushroom research, we can expect the way these hallucinogens are perceived to change.
We believe that as more scientific research uncovers potential medicinal applications for psilocybin, the U.S. will create a legal magic mushroom marketplace comparable to the legal cannabis space.
Keep in mind, not all magic mushrooms are illegal; growing magic mushrooms for profit can involve cultivating legal medicinal mushrooms like Lion’s Mane, Reiki, and others.
In this post, we’ll cover opportunities that could come with psilocybin mushroom legalization, legal medicinal mushrooms you can grow for profit, and how to scale these legal operations to prepare for the legal magic mushroom marketplace.
Legally Growing Psilocybin Mushrooms for Profit
We’re confident that legally growing magic mushrooms for profit will become possible in the future. Here’s what we believe this legal marketplace will look like.
Similar to cannabis, magic mushrooms will be sold at licensed retailers. But this fungus will also be available in a variety of forms.
Licensed retailers will sell fresh and dry magic mushrooms, ready-to-eat truffle spreads, mushroom chocolates, extracts, oils, and more.
In addition to these products being sold at licensed retailers, they’ll likely be available for purchase online via eCommerce platforms. We expect these online sales to account for a large share of magic mushroom sales.
While recreational sales are likely, we believe that most people cultivating magic mushrooms for profit will be doing so for medicinal applications. At this point, most of the research points to various potential applications for these hallucinogenic mushrooms, including depression and anxiety relief.
So far, we’ve observed several regions decriminalize psychedelic mushrooms. For instance, Detroit recently voted for the decriminalization of therapeutic mushrooms. There’s also a bill Pennsylvania is looking to pass that would make this state one of the nation’s leaders in psychedelic research.
All in all, the United States stands to gain a lot from allowing mushroom cultivators to begin legally growing magic mushrooms for profit, especially when considering what it could do for the economy. But looking at the fact that the National Institute of Mental Health estimates that 16.2 million American adults had a minimum of one major depressive episode in 2016, it’s apparent how large of an impact these therapeutic mushrooms could have.
Other medical spaces magic mushrooms growers may serve include headache, anxiety, PTSD, pain, OCD, and addiction treatment sectors. All of these spaces combined are worth billions of dollars, and even acquiring a small share of each market offers immense opportunities for shroompreneurs.
Growing Medicinal Mushrooms for Profit
Growing medicinal mushrooms for profit is more lucrative than growing for the culinary field. These mushrooms are grown for use in supplements used for various ailments, including the treatment of cancer, Alzheimer’s disease, migraines, inflammation, and more.
Currently, Lion’s Mane is the most popular medicinal mushroom that can be grown indoors. It has been used for thousands of years in Chinese medicine to treat cognitive issues like memory loss and inflammation.
Recently, Lion’s Mane has been studied extensively and shown to offer properties that may help with multiple sclerosis, Alzheimer’s disease, depression, anxiety, and even PTSD. It seems that no ailment is immune from treatment with this powerful fungus!
Another favorable option for those looking to grow mushrooms indoors is Reishi. This mushroom has been used as a cure-all in Chinese and Japanese medicine for thousands of years, as well.
Like Lion’s Mane, Reishi has been shown to possess anti-inflammatory properties and may slow the growth of tumors. It has also been associated with improved immune function and blood pressure regulation. Plus, this mushroom is a great choice for those who struggle with insomnia and anxiety.
Even the Oyster Mushroom can be considered medicinal to some. This is the most popular mushroom grown for culinary purposes. But it also commonly appears in supplements thanks to its niacin, riboflavin, and pantothenic acid levels, along with small amounts of vitamin B6, thiamin, and folate.
This type of mushroom may also promote heart and immune system health. It also might encourage healthy blood sugar control while offering anti-inflammatory and antioxidant benefits.
How much demand is there currently?
There has been an increasing number of people looking into medicinal mushrooms. In fact, Google Trends shows that searches pertaining to “medicinal mushrooms” have been trending upwards since 2010.
With this being the case, it’s easy to see why growing medicinal mushrooms for profit is the equivalent of investing in an expanding industry. And when considering how the legal psychedelic marketplace could become the next cannabis space, there’s room to scale into an emerging industry.
Scaling Legal Mushroom Grows
Scaling legal mushroom grows into the magic mushroom space upon legalization is a smart business move. There are multiple sides to this industry, and each side offers lucrative opportunities for entrepreneurs who know how to get in early on what we believe could be one of the next multi-billion dollar industries.
First off, there will be an increasing number of people interested in learning about the benefits of growing these mushrooms indoors. This is where shroom cultivation will become a hobby for many, much like gardening cannabis at home.
Since these supplements are considered dietary supplements and not drugs by the FDA, you don’t need a license to grow them. And, much like cannabis, which is still federally illegal in the United States, magic mushrooms have been decriminalized in several states.
For shroompreneurs operating in the legal medicinal mushroom space, adding magic mushrooms to their cultivation operations will not require a massive shift in operations. However, it might require some additional room for storage, supplies, and cultivation.
Psilocybin mushrooms have been illegal in the United States for nearly 60 years. While these mushrooms are very easy to grow, the fact that they’re illegal has resulted in inflated prices. With an end to prohibition, these prices could deflate.
However, there may be limited mushroom growers interested in cultivating hallucinogens. Thus, growing magic mushrooms for profit still could be quite lucrative.
Growing Magic Mushrooms for Profit FAQ
Can you make money growing and selling magic mushrooms?
Yes, it’s possible to make money growing and selling magic mushrooms. However, it’s important to note that psilocybin mushrooms are currently a schedule 1 drug. Thus, if you plan on growing magic mushrooms for profit, it’s best to stick to other medicinal mushrooms like Reiki and Lion’s Mane for now.
How much can you make a year growing mushrooms?
Legal mushroom grow operations can average around 2,400 harvested pounds of mushrooms annually per 100 square foot growing area. This is the equivalent of around one harvest every eight weeks. With this in mind, it’s possible to earn around $2,400 per harvest, or $15,000 annually, for every 100 square feet of growing area. The profit margins will vary from mushroom to mushroom, of course.
Is it illegal to grow and sell mushrooms?
Growing and selling mushrooms is legal. However, if you’re thinking about growing and selling magic mushrooms (mushrooms that contain psilocybin, cultivation is illegal in most regions. For instance, California law does not allow cultivators to grow “spores or mycelium capable of producing mushrooms or other substance” that contains psilocybin or psilocin if this cultivation is purposefully producing either of these two hallucinogenic compounds.
Closing on Growing Magic Mushrooms for Profit
Growing magic mushrooms for profit can be quite lucrative. While psilocybin mushrooms are federally prohibited at this point, we expect this marketplace to develop as more scientific research uncovers the benefits.
For now, other medicinal mushrooms are earning shroompreneurs impressive profits. However, equally important to note is that scaling in this space requires excellent financial organization.
Are you a shroompreneur interested in scaling an operation? Our experts are ready to help!
Whether you need assistance growing your legal mushroom endeavor with the right financials or would like to prepare for psilocybin legalization, contact us now for the insight you need to make the best decisions possible for your fungus business.