The Wall Street of cannabis?
In 2011, the only place you could buy a pound of pot online was Silk Road, an illegal marketplace labeled by the media as the “Amazon of drugs.”
In 2015, there’s a website run by veteran commodity traders where Colorado growers and retailers can trade cannabis online – legally.
The Denver-based company Amercanex launched its online marketplace last summer, and it has plans to expand outside of Colorado by the end of 2015.
“We’re emulating an exchange from Wall Street,” said Robert Ruiz, Amercanex’s chief marketing officer. “We feel like this is a commodity. That’s what we’re looking at. The reason we call ourselves Amercanex is to be the first American cannabis exchange.”
But while brokers in Manhattan deal in stock, Amercanex members trade pot at wholesale prices. Growers list their product by strain and price, and buyers seek the best deals for retail. The website lets browsers set search...
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