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No Green Thumb? Your 7 Best Legal Cannabis Startup Opportunities

Submitted by Marijuana News on Sun, 03/01/2015 - 09:50

Some may not like it, but legal cannabis is big businessalready — a $700 million business last year in Colorado alone, Viridian Capital & Research reports. With two more states legalizing in 2014, and an estimated seven to 13 additional states that will contemplate legalization this year, this is a market niche that’s set to take off.

Sure, there are risks galore. Viridian cites inexperienced management, lack of a federal banking green light, risk of legal prosecution, pricing pressure, and too much debt as problems that will likely cause an industry shakeout this year.

If you’re bold enough to jump into this emerging sector, but you don’t have a degree in horticulture and aren’t a biotech genius, how can you get a piece of the Green Rush? Growing and selling companies make up 27 percent of the publicly traded legal cannabis industry, Viridian reports...

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URL: 
http://www.forbes.com/sites/caroltice/2015/02/26/no-green-thumb-your-7-best-legal-cannabis-startup-opportunities/

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