The Nuts and Bolts of Getting into the Business of Cannabis
When thinking about the cannabis industry, most people don’t immediately consider the financial side of it.
The reality is that the legal marijuana business—medical and recreational—is a major industry in the United States, estimated at over $7.1 billion in total revenue for 2016. The ArcView Group, an investment firm with roots in the cannabis industry, estimates that gross sales could easily jump to over $10 billion annually within the next year. That is an almost unprecedented level of growth in any industry, to say nothing of the fact that “new industries” are harder to come by for those who want to get in on the ground floor. As a solid and reputable growth area, it’s still in its infancy, but cannabis has the potential to be an industry worth pursuing for budding entrepreneurs.
Investing in Cannabis Is Recession Proof
When times are hard, people still want certain things in life, certain little luxuries or privileges. As a result, the cannabis industry, like the liquor business, is relatively recession proof. And as the use of cannabis has become more socially acceptable, particularly in the area of medical marijuana, where the sanction of the medical profession allays the fears that some might have of the business, the demand has been growing steadily. It’s still an industry in its infancy, relatively speaking, which means that there is also tremendous opportunity for those who want to take risks in a new industry.
Redhat Ralph’s Marijuana Concoction Will Keep You High All Day
This particular weekend has been interesting for folks in PDX. We had a wonderfully short-lived snow storm Saturday morning into the early afternoon, immediately followed by lowering temperatures and freezing rain. The result is a white wonderland over which every and any thing slips and slides. This is the type of weather that makes me so happy to have reached the point in life that we don’t have to go anywhere unless we want to go. The term I used when I first mentioned this to Flo was “my enviable life”.
Why would I consider my life enviable? Oh, let me count the ways (ha, ha). Over the previous three weeks my DVR allowed me to enjoy 41 college football Bowl games, and this weekend allowed me to enjoy the four NFL Playoff football games. So there I am, watching a professional Wild Card football game, eating chili and baked potatoes, stoned on a wonderful mixture I create in my small glass pipe, while a hearty little hummingbird feeds itself from our ice-encrusted feeder. Man, I love my life!
Veteran with PTSD Fighting Harsh Sentence for Growing His Own Medicine
For many, the latest election was a bittersweet moment. Eight out of nine of the state ballot measures passed in favor of marijuana initiatives, putting about one-fifth of the population in a state that has legalized recreational marijuana, and more than half of the country living in a state that has some form of a medical marijuana law.
The joy of those victories was put to a halt for many with the simultaneous election of Donald Trump as president. Even if you voted for Trump, your excitement was probably curtailed at the announcement of his choice for attorney general, a man who once said he thought the KKK was “OK until I found out they smoked pot.” This man, Jeff Sessions, should strike fear into the heart of every cannabis user in the United States of America, and possibly beyond.
Yes, we achieved some great victories across the nation.
Marijuana Industry Raises Over $1 Billion In 2016
Pot Matters: DEA Finds Prohibition Increasingly Difficult to Enforce
Marijuana laws are changing, and according to the DEA this has made “enforcement and prosecution of marijuana-related offenses more difficult, especially in states that have approved marijuana laws.”
The DEA has released their annual National Drug Threat Assessment, and the lead story that the agency is pushing is the alarming increase in the rate of fentanyl-related overdose deaths and the related nationwide opioid epidemic. Other publicized findings include increases in the availability and use of methamphetamine and cocaine.
However, given the sweeping nature of marijuana law legalization and reform across the nation, it is the DEA’s assessment of marijuana that remains one of the most interesting aspects of this report.
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