My First Plant Experience – The Next Cannabis Investment Opportunity?

Published by Incomebutler 6. December 2021 Categorie(s): passive income

Cannabis is currently on everyone’s lips, and so is the possibility to invest in it. Making money sounds illegal at first unless you buy cannabis stocks. But the question is, are there other, completely legal ways to make money with cannabis? For this reason, I would like to share my “My First Plant Experience” with you here.

UPDATE:

Mario Abraham is in custody, and MFP has been shut down. Neither the site nor the backend work anymore.

Better alternatives, in my opinion, are: Plaentz* and Mountain Green*. Why? Because they act differently, more transparent, more open and play less with the hype!!!

My First Plant Experience

You can read a lot about the company on the web. Therefore, I wanted to make my own My First Plant experience. Often what people say may not be accurate. The reasons can be different.

If you read other reports, you can understand why their attitude is not particularly positive.

The background is that one or two of the current CEOs was involved in a crypto scam (see here: EXW Wallet SCAM). Mario Abraham, the CEO of My First Plant has made several statements about this, saying that he was merely an employee at a subcontractor.

Well, something like that continues to weigh on you, of course. To Mario’s credit, his the only one out of the three CEO”s of EXW Wallet who has remained in Austria. If he had something to hide etc., he probably would have fled as well.

UPDATE: Attention, do not deposit money, because My First Plant currently has some problems regarding the payout. Allegedly due to too fast growth! Payments are supposed to have been paid out in full by the end of March. We will see and will update if everything is OK again!

ATTENTION: Some fake sites have the company name in the domain. However, these are NOT official sites.

My First Plant GmbH in Klagenfurt – How serious?

First of all, let’s have a look at the company, My First Plant Gmbh in Klagenfurt, Austria. The company’s business address is Doktor-Arthur-Lemisch-Platz 3, Innere Stadt, Austria.

If you look at it on Google Maps, it’s apparent that this is right in the middle of the city.

Make your own My First Plant experience now:

In some YouTube videos, you can see that the company probably had a different address. The old address certainly did not leave a significant impression. Why? Simply because one could not imagine that such a company is located there.

With this address in Klagenfurt, My First Plant GmbH can make up points.

Let’s look at the whole thing further. There are numerous videos of investors who have also received a payout and have shown this on camera.

As we know, with ALL investments, you have to weigh your risk and expect that sometimes it can also result in a total loss. (This is not investment advice here).

With research, you may not find much more. Only because My First Plant GmbH in Klagenfurt got some bad reviews, due to the EXW Wallet case.

Based on further research and analysis, I decided to buy a plant anyway. 1 indoor and 5 outdoor plants.

Make your own My First Plant experience now:

My First Plant – Cost of a Plant

The cost of a cannabis plant varies. Currently, an indoor cannabis plant costs 900 euros incl. 20% VAT. Tax in Austria. An outdoor plant currently costs 70 euros and is limited to 10 plants per person.

Update 23.02.2022: The outdoor plants were sold out quickly. From March 15, 2022 – April 15, 2022 there will be another chance to purchase a maximum of 9000 outdoor plants at a price of 70 euros per cannabis plant.

A maximum of 10 outdoor plants per person can be purchased. That means, this time you should be quick with the outdoor plants of MyFirstPlant, so that you still get some.

The plant is yours for life. Harvesting is done up to 4 times a year. The harvest is also paid to you 100%. When you buy a plant, the company plants 2 plants. One it keeps itself and the other is yours.

According to the company, they use this model to grow and expand faster. From this point of view, the profits are shared, 50%, because two plants are planted. You don’t have to worry about anything at MyFirstPlant.

The plants at MyFirstPlant give you a harvest in the form of CBD. THC is currently not allowed. For this reason, the company now also has a plantation in Switzerland.

There, plants with THC should soon be allowed to be cultivated. This would also increase the amount of harvest and the yield of the harvest per year.

My First Plant – Buy Plant

If you want to buy a cannabis plant from My First Plant, all you have to do is register here and make your own My First Plant experience:

Registration is free, but that’s not it. The good thing here is that the plant currently costs only 800 euros plus the tax! This is not a one-time story. A plant is managed for over 5 years.

Compared to Cannergrow this is really a bargain because, with both the plants, it is 2 – 3 times expensive! This is why it makes the investment so interesting and attractive.

Of course, the company is still from its start. A plant at Cannergrow also only costs 300 – 500 euros. Gradually, the price will increase. So it could also happen here.

The first price increase has already been discussed.

The small outdoor plants are already available for 70 euros. The growth for this should begin in May 2022. So the earliest harvest will be in October / November, to be expected.

My First Plant – Return on investment, what is it?

The return is given with 40 – 50% per year. This means that the plant generates about 320 – 400 euros per year and thus has paid off after 2 – 2.5 years. It’s a relatively manageable time.

In the span of 5 years, this would be a return on investment (ROI) of 320 – 400 x 5 = 1600 – 2000 Euro. It means we have an ROI of 2 – 2.5 or 200 – 250%. If the plant continues to be cultivated, the return on investment increases.

By the way, harvesting takes place every 120 days, i.e. every 4 months and thus 3 times a year.

Make your own My First Plant experience now:

My First Plant – Payout

Of course, you want to be able to cash out your earnings. At MFP, this is possible, either via bank transfer or via cryptocurrency (Bitcoin). Currently, there are no other payout options available.

However, this may change soon. More payout options will be available. The payout takes place every week, so the payout cycle. Currently, it is not yet a daily payout.

Earn Money with Cannabis

The good thing about this investment is that the return is relatively high, so the investment pays off pretty quickly and can continue as passive income afterward.

So this is a great way to make money with cannabis.

Make your own My First Plant experience now:

Earn Money with My First Plant

Besides investment, you can also consider it as a business. You can also recommend it to other people and earn money with it. For example, you recommend MFP to your friend or acquaintance, if that person buys a plant, you get a small commission for this.

Why do you do it this way? More and more companies are doing this. You act as an affiliate and thus as a freelancer. You only get a commission in case of success otherwise, you don’t cost the company any money.

This is a clever way to bring the company move forward and to pay sales staff according to performance and success.

You can earn on up to 9 levels. Yes, it looks like network marketing when you look at it that way. How hard and how far you do it is up to you.

For me, the first two or possibly the third level are interesting. It can be seen in other affiliate programs as well.

Cannabis Legalization Germany

Recently, the legalization of cannabis in Germany is also a done deal. The new government has spoken out in favor of cannabis legalization in Germany. This means that demand will probably increase quite a bit.

As demand increases, so will the price per gram. For investors, of course, it’s quite good.

My First Plant Experience – Conclusion

Let’s get to the conclusion. After numerous research and considerations, I have invested and tested the whole thing for you. I will keep this test and experience report always up to date. But of course, you can also find the updates on the Incomebutler YouTube channel.

That means I’m testing it for you and will do a report. Of course, I do not want to lose my money, and for this reason, I conduct research ahead of time. Though it’s not a guarantee that the result will be positive because every investment has its risk somewhere otherwise, it would not be an investment.

However, I have a good feeling that it will go well.

Make your own My First Plant experience now: