Investors see legal marijuana as growth industry

[Coyotl]

Investors see legal marijuana as growth industry
Jane Wells CNBC
1 hour ago - http://www.nbcnews.com/business/investors-see-legal-marijuana-growth-industry-8C11565189

It looks like any other business conference — lots of suits, name badges, a long line to the buffet — except that the 700 people who each paid $599 to be in this conference hall south of Seattle are in an industry unlike any other: marijuana.

The people at this meeting aren’t Cheech and Chong. They’ve come bearing business degrees and investor money, looking for the next great thing.

"This conference is 100 percent focused on business," said Chris Walsh, editor of the Medical Marijuana Business Daily. His publication is sponsoring the National Marijuana Business Conference. Now in its second year, attendance has doubled, and more than 30 exhibitors paid as much as $16,000 to talk about investments, equipment, legal services and accounting.

"There's a lot of other types of shows out there that are for the typical stoners," Walsh said. "This is all business and financial."

The pot business is, well, growing. .......

[Warren DeMontague]

1. Well duh.

[nyquil_man]

2. The moment decriminalization hits on the federal level, big business will be there.

I wouldn't doubt that there'll come a time when, instead of going down to the convenience store to pick up a pack of Marlboros, people will be going to pick up a pack of marijuana cigarettes. And it will probably be the exact same corporation making a profit from it.

Maybe I'm being pessimistic. I'm glad to see the laws relaxing, but corporations always wind up getting their foot in the pie.

[Phlem]

3. Which is why new Democratic Governor Jay Inslee is trying to

kill medical marijuana.


http://www.democraticunderground.com/10822533

Everyone Must Pay!

-p