How to Invest in the Cannabis Rush
With cannabis industry growth exceeding 29% per year, there’s never been a better time to invest in a marijuana business.
Due to the infancy of the cannabis industry, public stocks are still highly volatile with questionable underlying assets. Private companies will be the best investments for the next few years, and California will likely continue to be the largest market in the States. Canada also has a rapidly expanding legal cannabis industry.
Tech Platforms
Several tech platforms are gaining steam in the cannabis markets. At the top of the list is Weedmaps, which provides menus and contact information for local dispensaries and delivery services. People are able to place orders online through a dispensary storefront using Meadow. Budtrader also facilitates a large quantity of exchanges using a low-tech interface resembling Craigslist.
Several other companies are attempting to gain market share in this space, including Leafly, Leaflink, Tradiv, and Eaze. Despite the heavy activity, a functional wholesale marketplace is still absent. Other companies provide merchant services to cannabis companies that accept credit cards. In addition to the companies that enable transactions, the High Times and the Cannabist have…
