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Marijuana is an enormous growing market. Legalization will take hold over the next 10 years and the market will grow 100x what it is now. This is a golden oppor

Marijuana is an enormous growing market. Legalization will take hold over the next 10 years and the market will grow 100x what it is now. This is a golden opportunity for entrepreneurs.

GregorStocks 12y ago
The market could perhaps grow to 100x the sales volume, although that seems doubtful considering 7% of US adults already claim to smoke marijuana - http://www.gallup.com/poll/163835/tried-marijuana-little-changed-80s.aspx http://www.gallup.com/poll/163835/tried-marijuana-little-cha.... There's no way it'll grow to 100x the revenue, though. Without illegality driving up the price, its price ought to plummet until it's about as cheap as any other agricultural product, apart from high sin taxes (which don't help potrepreneur profit).
- dvanduzer 12y ago
  cheap as any other agricultural product, like tobacco and processed hops, which (as I understand it) are things that everyone in south carolina grow at home. bathtub moonshine has left Pete Coors a pauper. this was actually one of the least expensive investor expos in town this year: http://cannabiscapitalsummit.org http://cannabiscapitalsummit.org
mcdougle 12y ago
I was actually just discussing this with a buddy at lunch today. I'm far from CO or WA so all I know is what I read online, but it seems like all of the providers are small dispensaries. There seems to be a lot of room for someone to move in and become the "Budweiser" of weed -- a larger company that sells low-cost weed at scale. My guess is that there are already some richer entities positioned to take advantage of that once more states legalize. My buddy actually said he thinks that's one of the reasons it's taken so long -- the powers that be are probably holding off legalization until they can get their money and resources into place to take advantage.
- Zelphyr 12y ago
  > it seems like all of the providers are small dispensaries This is accurate. And I've heard several people in the know say that the Philip Morris's of the world are prepared and ready for when it is no longer a RICO issue. At which point they'll swoop in and become the Philip Morris of cannabis. Unfortunately.
  - justbaker 12y ago
    Noooo neverrr :(. It's almost as bad as the possibility of GMO cannabis becoming the most common. :(

Marijuana is an enormous growing market. Legalization will take hold over the next 10 years and the market will grow 100x what it is now. This is a golden opportunity for entrepreneurs.

GregorStocks 12y ago

The market could perhaps grow to 100x the sales volume, although that seems doubtful considering 7% of US adults already claim to smoke marijuana - http://www.gallup.com/poll/163835/tried-marijuana-little-changed-80s.aspx http://www.gallup.com/poll/163835/tried-marijuana-little-cha.... There's no way it'll grow to 100x the revenue, though. Without illegality driving up the price, its price ought to plummet until it's about as cheap as any other agricultural product, apart from high sin taxes (which don't help potrepreneur profit).

dvanduzer 12y ago
cheap as any other agricultural product, like tobacco and processed hops, which (as I understand it) are things that everyone in south carolina grow at home. bathtub moonshine has left Pete Coors a pauper. this was actually one of the least expensive investor expos in town this year: http://cannabiscapitalsummit.org http://cannabiscapitalsummit.org

mcdougle 12y ago

I was actually just discussing this with a buddy at lunch today. I'm far from CO or WA so all I know is what I read online, but it seems like all of the providers are small dispensaries. There seems to be a lot of room for someone to move in and become the "Budweiser" of weed -- a larger company that sells low-cost weed at scale. My guess is that there are already some richer entities positioned to take advantage of that once more states legalize. My buddy actually said he thinks that's one of the reasons it's taken so long -- the powers that be are probably holding off legalization until they can get their money and resources into place to take advantage.

Zelphyr 12y ago
> it seems like all of the providers are small dispensaries This is accurate. And I've heard several people in the know say that the Philip Morris's of the world are prepared and ready for when it is no longer a RICO issue. At which point they'll swoop in and become the Philip Morris of cannabis. Unfortunately.
- justbaker 12y ago
  Noooo neverrr :(. It's almost as bad as the possibility of GMO cannabis becoming the most common. :(