The medical marijuana industry is projected to be a booming industry with exponential growth and investment opportunity. Twenty-three states currently have medical marijuana regulations and five more states are expected to implement adult use or “recreational” laws by 2016. In short, the time to enter the legal marijuana market is NOW. Additionally, with the recent passing of the congressional spending bill, the Department of Justice is prohibited from using financial resources to prosecute state compliant marijuana operations or implement asset forfeiture laws that have historically threatened landowners. The increasingly permissive regulatory environment has led to significant activity and investment by venture capital and private equity firms in anticipation of future federal legalization. Bottom line—this already billion dollar industry will escalate into tens of billions of dollars as the smartest and fastest-acting organizations provide medical cannabis and ancillary services to the United States.
We plan to win that race.