In this review we analyze the investment opportunity presented by Juicy Fields, which is a program for growing Cannabis plants.
What is Juicy Fields
Juicy Fields is an online investment platform that allows you to invest in cannabis production. You supposedly will literally buy cannabis plants and make money from what they produce.
Everything will be done for you, from planting to selling, you just have to deposit money with Juicy Fields and choose your program/plant.
Juicy Fields is trying to convince you to invest by arguing that cannabis is getting legalized all over the world, therefore the demand will only grow.
You can choose from four different investment programs/plants that supposedly will make you 100%+ returns in one year.
Even the cheapest program Juiy Flash is supposed to earn you 68 – 83 euro in 108 days from a 50 euro investment. This is an average return of 75.5 euro from a 50 euro investment, which is 51% in 108 days.
You can repeat the same investment more than three times in a year, which brings us to a total of a 172.36% return in a single year. Which is very high.
So the question is: Is Juicy Fields legit?
Beware of Juicy Fields
Juicy Fields have a very nice presentation, they say they are registered and everything looks professional. So is it legit? Not so fast. In this review we explain the red flags we found.
Extremely high returns
The first thing we noticed is the extremely high returns promised by Juicy Fields and investment plans that do not correspond to reality.
You might not like it, but 172% returns per year are something that we have never seen with any legit investment opportunity. Yes, you might have a great year, be lucky with some high returns and make 172% or more in one year.
But you can’t do that every year. Yet Juicy Fields claim these returns will come like clockwork. Such high returns usually are something that we see with Ponzi schemes only.
Another thing to notice is that Juicy Fields claim to have cannabis plants that can live up to five years and be harvested several times each year. We are not cannabis experts, but a quick search on the internet reveals that cannabis plants have a one year lifespan only, they can be harvested only once and that’s all.
So this is another red flag, because it seems that in reality no cannabis plant can live and produce for five years like Juicy Fields claim.
Juicy Fields claim to be run by a Dutch company called Juicy Holdings BV. It is true that there is a company with this name registered in the Netherlands, but its registered web address is juicyholdings.com. And that website mentions Juicy Fields AG as a company registered in Switzerland.
The problem is that Juicy Holdings say that Juicy Fields AG is located in Knonau, while the Swiss companies register says that Juicy Fields is located in Pfäffikon, which is a different place. So a lot of confusion here, no clear legal info.
We contacted Juicy Holdings and asked them if they really own JuicyFields.io, but we have not received any answer. So at the time of the publication of this review we found no proof that JuicyFields.io really is own by Juicy Holdings, which is a registered company.
But the most important thing is that JuicyFields is offering investment services that are regulated in the EU, US and the rest of the world.
In this case the cannabis plants are sold as securities. People from Juicy Fields take your money and they promise to invest it in something that will earn you returns. It is a clear investment contract.
So, we contacted the AFM, which is the national financial regulator in the Netherlands, and asked them about Juicy Fields, since they claimed to be run by a Dutch company. You can see the response below.
AFM basically confirmed that as a provider of financial services Juicy Fields is not registered/authorized and they even added that it probably is a scam.
There you have it, the financial regulator from the same country as Juicy Fields parent company looked at them and said it is probably a scam.
Also, Juicy Fields is on a warning list of the Spanish financial regulator CNMV, the German financial regulator BaFin because it is an unauthorized investment offer and the French AMF.
For us it is the biggest red flag that should make you stay away from this investment program.
Doesn’t matter if it is paying
A lot of time people come to us and say that program xyz can’t be a scam because it is paying. And we have to repeat that it is not an indication of legitimacy.
A lot of investment programs run as Ponzi schemes, which means they simply transfer money between new and old members. New members pay the profit of older members, it is a pyramid that is destined to crumble.
So if you are in Juicy Fields and you are receiving your payouts, don’t consider it as a proof of legitimacy. Look at the red flags raised in this review, they are too substantial to be overlooked.
Juicy Fields review – Conclusion
Juicy Fields is offering returns on investments that are way too high for any legit business, they offer plants that don’t exist in the real world and the Dutch financial regulator says it is probably a scam. We recommend staying away from it.
If you are interested in legit investing, you can try it on a regulated platform, start on a free demo account with virtual money.
Making money in financial trading is not easy, you have to learn your way and fully understand the risks before investing real money.