Selling magic mushrooms for profit isn’t federally legal at this point. However, this could change soon as activists continue to push for legalization.
Many states and cities have already begun making changes in their legislation to decriminalize, legalize, and permit more research on psilocybin mushrooms.
So, will selling magic mushrooms for profit become legal?
We believe this to be the case. But for now, the only magic mushrooms we recommend selling for profit are legal medicinal mushrooms.
Some legal medicinal mushrooms truly offer magically beneficial properties. We see more and more shroompreneurs hopping into this space with supplements and culinary mushrooms, as well as fashion brands using mushroom materials to develop innovations for the space.
Anyways, for now, selling magic mushrooms isn’t a thing – unless you’re worth risking your freedom, considering it’s prohibited. But if you’re considering delving into the mushroom space and want to sell legal mushrooms for profit, here’s some insight.
Do You Need a License to Sell Mushrooms?
If you’re planning to sell fresh cultivated mushrooms in their natural state as a raw agricultural product, you’ll need to meet FSMA requirements. However, anything beyond that is not required. There isn’t a special inspection or license required.
Now, if you’re selling mushroom supplements, you might need something else. However, manufacturers and distributors of supplements don’t need FDA approval. These dietary supplements can be sold without it.
The FDA does not maintain a list of the manufacturers and distributors, nor the mushroom supplements they sell and distribute. But you’ll still need to include the name and address of the manufacturer or distributor on the mushroom supplement label, of course.
Most supplement lines don’t require a massive investment – and the mushroom supplement industry is no different. These operations can be started with around $5,000. However, with larger investments, the operations become easier to begin and achieve profitability.
Selling Magic Mushrooms for Profit FAQ
How much money can you make selling mushrooms?
The income for part-time mushroom growing is quite impressive. But the amount you can earn selling mushrooms depends on the type of product, your profit margins, and the demand.
For example, if you grow mushrooms, you might sell them at around $6 per pound wholesale or $10 per pound retail. If the demand is high, you can earn a significant income here. But keep in mind, you’ll still have expenses you’ll need to cover.
On the other hand, if you’re selling supplements in high demand with $14 profit per bottle, the amount you can earn will vastly differ from growing mushrooms. You’ll still have expenses for storage, distribution, marketing, etc. But these costs might be less than operating a grow facility.
Can you make money growing and selling magic mushrooms?
Mushroom cultivation, generally speaking, can be quite profitable. It’s not too challenging to learn the basics of growing shrooms, and growing them in large batches to market and sell isn’t too difficult. However, growing and selling magic mushrooms isn’t legal just yet. So, unless you’re willing to risk your freedom, we’d suggest choosing to grow legal medicinal mushrooms for the time being and pivoting to psilocybin mushrooms once they’re legal.
Is mushroom business really profitable?
Mushroom cultivation is one of the most profitable agri-business operations you can begin. And what’s more is how it requires a small investment and little space in comparison to other crops.
As a result, the part-time opportunities for this space are abundant and profitable. However, it can be quite challenging to find a lucrative market or source of demand in the mushroom industry. That’s why we recommend learning more about medicinal mushrooms and supplementing shroom sales with other products in an online setting, for example.
Concluding on Selling Magic Mushrooms for Profit
Since magic mushrooms are currently prohibited, selling magic mushrooms for profit is very risky. However, selling legal medicinal mushrooms can be very profitable while remaining legal.
With that said, you’ll still need to find a market for your products. But with the proper research, you’ll be able to do so in no time at all.
If you have a legal mushroom operation and are looking to scale in this growing space, Northstar is here to help. Our experts are helping shroompreneurs grow their operations with the right financial services, focusing on expanding and dominating in this emerging marketplace.