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What do you think about marijuana industry and the boom that would result from full legalization?

In Colorado you see a bunch of folks making a killing on this. What does the future hold for this industry?


31 Replies

michael burack
0
0
michael burack Entrepreneur
president
There will be hundreds of millions made with millions needed to invest...
Chris Sommerfield, MBA
0
3
Chris Sommerfield, MBA Entrepreneur
Director of Finance
Just as long as my family and I do not have to inhale any of the mind-dumbing smoke.
AJ Johnston
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3
AJ Johnston Entrepreneur
Owner at Law Office of Ann E. Johnston


















the effects are almost overwhelming. The money earned, invested, spent and the resulting avalanche and then their effects is like watching a tsunami coming. The number of folks who use it for pain control is astounding. It is going to take a while for laws andeverythingelse toadjustto thechange but it is coming.
This argument (word choice?) is a test that my economic professor made many years ago. It was scary then and it still is scary because the ripples just get bigger.
the trick is to not think of the entire thing. It becomesmanageable when you just look at the economics of one potstore.









David Dallaire
4
0
David Dallaire Advisor
Founder/President at Fennec Marketing Group
I've been following this a bit myself here in WA, and am seeing a few things:
1. Some growers in CO and WA are thinking ahead and are going to be ready to go national as more states legalize it.
2. There is some very interesting technology being developed and deployed in the business that will make some of them rich outside of this industry.
3. The retail experience is not really evolving much...still a dark, stinky juvenile kind of feel.
4. Big Pharma is already nosing around in this space and will be making acquisitions sooner than later. It remains to be seen if regulatory practice will be designed to help preserve a diversity of small-time growers or not.

And as far as making the general public dumber, have not seen any evidence of that so far...it has been a pretty painless and smooth evolution without much more visibility than it had before it was legal.
Robert Warren
2
0
Robert Warren Entrepreneur
Founder and Managing Director, Mean Eyed Cat Venture Labs
It is a major growth industry both in the US and Canada. Until it's decriminalized the players will be able to make millions with very little cost. Once it's decriminalized, look for it to be regulated like tobacco and alcohol. This will also lead to broader distribution. While the profits will still be large, the cost structure will increase as will the push to build larger facilities to provide economies of scale. This last point will drive consolidation and many smaller players out of the market. If you get in now, save your cash and be ready to invest in the next wave as the current system won't be around in the medium to long term.
5 Star Film Co.Ltd. *
0
0
5 Star Film Co.Ltd. * Entrepreneur
Agents for an Award Winning Television Channel Franchise
The Wisest regulation would to appease the protesters who claim its their legitamate reason to decriminalise it,is to enable its use for medicinal purposes,and fool those who want to freeload their "I wanna get stoned" hedonistic activities,is to legalise it & produce it as a tincture format only,thus fooling those who think that they can fool the Government into believing that it can be medicinal or healthy to suck any type of smoke into your lungs!
Arthur Lipper
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0
Arthur Lipper Entrepreneur
Chairman of British Far East Holdings Ltd.
Pot is likely to become a highly taxed commodity. The business is one of growing and selling and in the end the most profitable aspects of the business will be distribution.
Kenneth Breeze
1
0
Kenneth Breeze Entrepreneur
Startup Advisor, Strategic Coach, Futures Thinker, Investor | SaaS
Like almost any commodity, more and more people will jump on the band wagon, competition goes up, prices go down and this too will loose its appeal and income margins. It's just a matter of time.
David Albert
1
0
David Albert Entrepreneur • Advisor
Founder & Principal at GreyGoo
Agree with Arthur--federal legalization will come with high taxes. However, I don't believe you're going to see that anytime soon--regardless of who takes the White House. What's more likely is continued legalization (medical and recreational) at the state level for some time to come--I'd speculate another 5 years at a minimum--a decade is more likely.

As far as making a "killing" not sure that's the case. Yes, those who sold at the medical level in Colorado were well poised to do well when it was legalized for recreational use--but now it's hard to jump into the space without a lot of capital. Oregon allows residents to grow their own plants, reducing the need for retail sales.

California Proposition 64 gets voted on in November--if passed it would allow for recreational sales in California, which would likely dwarf the numbers you see in other states. However, like Colorado, there are many medical dispensaries gearing up for that to happen. Arizona, Maine Massachusetts and Nevada are also voting so it will be interesting to see the outcomes.
AJ Johnston
0
1
AJ Johnston Entrepreneur
Owner at Law Office of Ann E. Johnston
I totally agree with Kevin.
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