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Hey man, I'm a little stoned. Can I get $500k for this great investment idea?

The Pieyed Piper

By The Pieyed Piper,
in Huddle Lounge

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The Pieyed Piper

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Posted

http://nypost.com/2013/12/04/establishing-the-anheuser-busch-of-marijuana/

 

 

The 29-year-old Californian has raised roughly $10 million from investors — money he will soon invest in marijuana-related companies as states start to roll back laws that banned cannabis concerns.

“With changing legislation, someone’s going to be the Anheuser-Busch of marijuana,” Hartfield told The Post.

 

 

A Cal-Irvine graduate, Hartfield estimates that the marijuana market, now a $35 billion to $45 billion market, will grow larger than the $75 billion tobacco business — to about $150 billion in 10 years — if the government lifts federal laws restricting its use, as some state have done.

That would take the financial might of the cannabis business nearly as high as the $188 billion alcohol market, Hartfield said.

 

Even if you don't smoke, if you had the money would you be willing to take the chance?

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