Financing Marijuana: Investing in the Cannabis Industry
- Published on Saturday, 23 February 2013
- Written by Kevin Lupertazi
As states decriminalize marijuana, entrepreneurs and investors are looking at ways to finance and profit from the industry. How will the marijuana business blossom?
We recommend our readers to watch a recent Huffpost Live video hosted by Alyona Minkovski which invited guests:
- Brendan Kennedy (Seattle, WA) CEO, Privateer Holdings
- Dr. Bruce Bedrick (Scottsdale, AZ) CEO of Medbox
- Dale Sky Jones (Oakland, CA) Executive Chancellor Oaksterdam University
- Jeffrey Miron (Cambridge, MA) Senior Lecturer in Economics, Harvard University, and Senior Fellow, the Cato Institute
- Troy Dayton (San Francisco, CA) CEO of The ArcView Group
The Audacity of Dope
The business case for funding the cannabis industry rests on two things. The first is its scale. The second is that it operates like a grass-roots movement. Read the full story.
How Pot Could Help the Economy
Say what you want, but for state governments it makes economic sense to sell marijuana. Case in point: In Michigan, $10 million has been raised from potential buyers. Read the full story.
Where in the World is Pot Legal?
Spending the holidays abroad but not sure if you can light up your joint on foreign grounds? We understand. Almost no country treats smoking cannabis the same way. Read the full story.
Marijuana Costs State-To-State
As of July 2011, the street price of high-quality pot per ounce ranges between $250 and nearly $500 depending on where it's bought, according to PriceofWeed.com, a crowd-sourced website that bills itself as the "global price index for marijuana." It's cheapest in Oregon, where it's $258/ounce, and most expensive in Washington, D.C. at $486/ounce. Read the full story.
How Much Does Prohibition Cost?
Replacing marijuana prohibition with a system of taxation and regulation similar to that used for alcoholic beverages would produce combined savings and tax revenues of between $10 billion and $14 billion per year, finds a June 2005 report by Dr. Jeffrey Miron, visiting professor of economics at Harvard University. Read the full story.
