As the Marijuana Business Grows, Is There Room for the Little Guy?
This November, nine states will consider ballot measures related to marijuana. The big one is California, where voters could make pot legal for recreational use. Considering that the Golden State’s economy is around the sixth biggest in the world, the move could be the tipping point for legitimizing the cannabis market.
As weed has gone more mainstream, it’s attracted more conventional investors. Some of them could be found at the recent Cannabis World Congress & Business Expo in Los Angeles.
At the convention center, nobody was smoking ganja. If there was any smell in the air, it was the scent of money.
“It’s just a fascinating time and place to be," said Al Vaks, who came from San Francisco looking for business opportunities for himself and his partners. "It's like being in the Gold Rush."
Asked how much they are planning to invest. Vaks said, “About, initially, like $100,000...
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