Denver, Colorado (PRWEB) February 24, 2015
Will 2015 be remembered as the year the legal cannabis industry made its breakthrough with mainstream investors and business people? Or will this year just be a footnote; a breathing space ahead of the landmark marijuana legislation that many observers expect to be introduced by at least five states in 2016?
Those are just some of the issues being considered in an exclusive, three-part weekly news series on The State of the Cannabis Industry — being launched this week on Weedworthy.com, the all-things-marijuana news site that’s part of the WeedLife Social Network Marketplace.
Throughout the series, industry experts weigh in on a variety of issues – including the wildly different ways some states implement and enforce their legal cannabis laws, and whether the current political and cultural landscape is a help or hindrance for the legal marijuana movement.
They also examine the recent entrance of venture capital and the latest crop of institutional investors who are coming to Colorado and elsewhere, looking at the legal cannabis sector’s financial potential.
Troy Dayton, CEO and co-founder of The ArcView Group – which recently released the third edition of its State of the Legal Marijuana Markets report – tells WeedWorthy that one of the challenges facing the cannabis industry is how to best “marry the best ideals of activism with the best ideals of business.”
Another industry observer interviewed for the WeedWorthy articles notes that while there’s a lot of investment money flooding into the industry, not all of it is from high-rollers.
“At the lower levels there are plenty of people seeking investments in places like Washington State, where people are dying for investments, trying to get their retail pot shops open,” says Seattle-based Bruce Barcott, author of Weed the People, The Future of Legal Marijuana in America, which is scheduled for publication by Time Books in April.
Barcott also notes that ancillary companies, such as insurance and security groups, are looking to cash in on the new and rapidly-growing “green rush” created by the legal cannabis industry.
About Weedlife
The WeedLife Social Network Marketplace is a series of free-to-use websites specifically designed for the marijuana industry and its consumers – bringing news, sales information and other important cannabis-related data together, all under one online roof. WeedLife’s network of web site apps creates an online social marketplace of ideas, products and connections that work with both cannabis producers, distributors and dispensaries, as well as the tens of thousands of ancillary companies supporting the industry.
WeedLife also allows cannabis consumers and businesses to communicate and learn more about each other in a more rapid timeframe — helping them to better target their products, services and customer needs — as the cannabis sector’s consumer demographic changes, evolves and matures.
For more information, visit: http://weedlife.com
Tags: cannabis, marijuana, marijuana legalization, cannabis industry, cannabis sales, investment, Weedlife, Weedlife.com, WeedWorthy, marijuana news, Troy Dayton, ArcView Group
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