News

Hedge Fund Managers Smoking Out Opportunities In Emerging Market Of Legalized Weed

Americans spend roughly $25 billion a year on marijuana, according to the Harvard economist Jeffrey Miron, which gives some idea of the popularity of this drug. Eventually, we might be talking about a sizable sum of tax revenue from its sales as medicine, not to mention private investment and employment. A spokesman for the National Organization for the Reform of Marijuana Laws says hedge fund investors and an assortment of financial service firms are starting to call around to sniff out opportunities. “We’re past the days when people call here to ask if marijuana will give men breasts,” says Allen St. Pierre, the executive director of NORML. “Now, the calls are from angel investors, or REITs — people who are looking for ways to invest or offer their services.”

Also, out of nowhere, and as though she maybe has an ax to grind is this lady, slamming business schools for not adequately preparing people to sell pot.

ANYONE who thinks it would be easy to get rich selling marijuana in a state where it’s legal should spend an hour with Ravi Respeto, manager of the Farmacy, an upscale dispensary here that offers Strawberry Haze, Hawaiian Skunk and other strains of Cannabis sativa at up to $16 a gram. She will harsh your mellow.

“No M.B.A. program could have prepared me for this experience,” she says, wearing a cream-colored smock made of hemp. “People have this misconception that you just jump into it and start making money hand over fist, and that is not the case.”

When Capitalism Meets Cannabis [NYT]

172 comments
(hidden for your protection)
Show all comments

172 Responses to “Hedge Fund Managers Smoking Out Opportunities In Emerging Market Of Legalized Weed”

  1. Anal_yst says:

    …up to $16/g? Wtf sorta schwag is this broad sellin?

  2. Bike says:

    That’s still cheaper than what the NYC delivery services charge for Purple Haze or Diesel.

  3. Years from now, when people look back, they will realize I was a visionary.

    – JC

  4. Kouwe for Prez says:

    Recently overheard by a male caller to NORML….

    “If it does indeed give me brea$t$, will I at least become T’s on an S?”

  5. pj says:

    all I needed to do was to smoke up and I’d have breastuses? who knew?

  6. cap'n common sinse says:

    fyi- it’s not the smoke that gives you moobs; it’s the doritos

  7. Anonymous says:

    Somewhere in a dark room with “Comfortably Numb” softly playing in the background, Jimmy Cayne smacks his forehead.

  8. Anonymous says:

    $20-30/g for top of the line bubble hash (80-100 micron filter) 35-45% THC.

    As for buds… buds = rookies. The pros are going to take this party to an all new level.

  9. sladd says:

    PE will be all over this soon…..

  10. Anonymous says:

    4 and 20

  11. Anonymous says:

    Haha @10

  12. anon says:

    Smokin’
    ATF’s
    Chronic

  13. anon says:

    Can I buy some A Class shares of pot from you?

  14. Texashedge says:

    @10, good work

  15. anonymous says:

    Dope REITs, the old killin’ it

  16. Anonymous says:

    Years from now, when people look back, they will realize I was a visionary.

    – ZK

  17. @16: In your fever dreams, you plagarizing plagarist. You sat in a leather chair, in a cublicle. You are no visionary.

  18. Anonymous says:

    Ravi, learn how to fuckin’ make coffee.

  19. Bess Levin says:

    @18 you get me.

  20. Hank Moody says:

    I always prefer hands over fists.

  21. Anonymous says:

    re: @10 and subsequent sycophants: are you guys seriously making 4:20 jokes and then high-fiving about it? srsly?

  22. JokeMangler says:

    Legalized pot might employ tens of thousands of people – but the U.S. workforce productivity will drop like a stone…r.

  23. steven says:

    Hmmm, let’s see now, a fund to grow a hedge of Marijuana? I guess we can bring back the old cigarette brand as a mix of pot and tobacco and call it Benson & ‘Hedges’

  24. Z8PbVQ Im thankful for the blog post.Really looking forward to read more. Want more.

  25. A round of applause for your post.Much thanks again. Fantastic.

  26. Thank you for your blog article.Thanks Again. Keep writing.

  27. A big thank you for your post.Really thank you! Awesome.

  28. A big thank you for your post.Really thank you! Really Cool.

  29. I really like and appreciate your blog article.Really thank you! Will read on…

  30. Looking forward to reading more. Great article post.Much thanks again. Awesome.

  31. I am so grateful for your blog. Keep writing.

  32. I loved your post.Really looking forward to read more. Want more.

  33. Mobile apps says:

    I appreciate you sharing this post.Really thank you! Want more.

  34. I am so grateful for your article post.Thanks Again. Cool.

  35. Arch windows says:

    Thanks so much for the blog article.Much thanks again. Awesome.

  36. Great, thanks for sharing this blog article.Much thanks again. Much obliged.

  37. I cannot thank you enough for the blog post.Really thank you! Fantastic.

  38. I loved your article.Thanks Again. Keep writing.

  39. This is one awesome post.Really looking forward to read more. Keep writing.

  40. Thanks again for the article post. Fantastic.

  41. discount says:

    Very informative post.Really looking forward to read more. Really Great.

  42. This is one awesome blog.Thanks Again.

  43. Great article post. Really Great.

  44. Sex says:

    Thanks so much for the post.Thanks Again. Great.

  45. Im thankful for the blog. Want more.

  46. Very neat article post.Thanks Again. Will read on…

  47. Really informative article.Much thanks again. Will read on…

  48. Looking forward to reading more. Great article post. Cool.

  49. wegner says:

    Appreciate you sharing, great article post. Fantastic.

  50. Hey, thanks for the blog post. Really Cool.

  51. This is one awesome post.Really thank you! Keep writing.

  52. Hey, thanks for the post.Thanks Again. Keep writing.

  53. Very informative blog post. Much obliged.

  54. Im grateful for the post.Really looking forward to read more. Want more.

  55. This is one awesome post.Really thank you! Great.

  56. healthy food says:

    Say, you got a nice article post. Cool.

  57. I think this is a real great article post.Really looking forward to read more. Really Great.

  58. owners says:

    I truly appreciate this article. Fantastic.

  59. Senior Care says:

    Looking forward to reading more. Great blog. Really Cool.

  60. Pets says:

    Great blog post. Awesome.

  61. Im thankful for the blog article.Much thanks again. Really Cool.

  62. Shaving Gel says:

    Thanks a lot for the blog article.Really looking forward to read more.

  63. Looking forward to reading more. Great blog post.Really thank you! Much obliged.

  64. I appreciate you sharing this article post.Really looking forward to read more. Cool.

  65. supplements says:

    A big thank you for your article post.Thanks Again. Want more.

  66. pandekager says:

    I think this is a real great blog.Much thanks again. Keep writing.

  67. Major thanks for the article.Much thanks again. Awesome.

  68. Appreciate you sharing, great blog post.Really looking forward to read more. Cool.

  69. Im obliged for the blog. Really Cool.

  70. Looking forward to reading more. Great article post.

  71. Thanks so much for the blog article.Really thank you! Cool.

  72. Very good article post.Thanks Again. Want more.

  73. Really appreciate you sharing this blog.

  74. I really like and appreciate your post.Really looking forward to read more. Great.

  75. Im obliged for the blog post.Much thanks again. Really Great.

  76. Thank you for your article post. Keep writing.

  77. Appreciate you sharing, great blog.Really thank you! Want more.

  78. Great, thanks for sharing this article.Really thank you! Much obliged.

  79. Major thankies for the blog post. Will read on…

  80. trade gold says:

    Im thankful for the blog.Thanks Again. Will read on…

  81. Ocho Rios says:

    Enjoyed every bit of your article.Really looking forward to read more.

  82. wow, awesome post.Much thanks again. Want more.

  83. girlfriends says:

    I loved your blog.Really looking forward to read more. Want more.

  84. Gameplay says:

    Thanks a lot for the article.Really looking forward to read more. Much obliged.

  85. Really informative article post.Really thank you! Will read on…

  86. I appreciate you sharing this post.Really thank you! Keep writing.

  87. Symphony says:

    Thank you ever so for you article.Really thank you! Really Cool.

  88. I loved your post.Really looking forward to read more. Really Cool.

  89. SimpleTune says:

    Very good post.Really thank you! Awesome.

  90. Aargau says:

    Awesome post.Really thank you! Awesome.

  91. Thanks so much for the blog.Really thank you! Awesome.

  92. san diego says:

    I appreciate you sharing this post. Want more.

  93. online drive says:

    Thanks again for the blog post.Much thanks again. Much obliged.

  94. Very neat blog post.Thanks Again. Fantastic.

  95. Great, thanks for sharing this blog.Really thank you! Really Cool.

  96. carlsbad says:

    Thanks for the article.Really thank you! Will read on…

  97. ogden pizza says:

    Can I simply say what a aid to seek out someone who really knows what theyre speaking about on the internet. You definitely know find out how to carry a problem to gentle and make it important. Extra people must learn this and perceive this side of the story. I cant imagine youre no more well-liked since you definitely have the gift.

  98. I cannot thank you enough for the blog article.Really thank you! Awesome.

  99. Im obliged for the article.Much thanks again. Want more.

  100. ssl proxy says:

    I am so grateful for your blog article.Really looking forward to read more. Really Great.

  101. set says:

    I appreciate you sharing this blog.Really thank you!

  102. Thanks-a-mundo for the article post.Thanks Again. Great.

  103. I was just seeking this info for some time. After six hours of continuous Googleing, finally I got it in your web site. I wonder what is the lack of Google strategy that don’t rank this type of informative sites in top of the list. Normally the top sites are full of garbage.Please tell me that youre heading to keep this up! Its so superior and so important. I cant wait to read additional from you.

  104. Fantastic blog.Much thanks again. Really Cool.

  105. News says:

    Awesome blog article.Thanks Again. Awesome.

  106. Enjoyed every bit of your blog article.Much thanks again. Cool.

  107. Looking forward to reading more. Great blog post.

  108. in says:

    I truly appreciate this blog article.Really looking forward to read more. Keep writing.

  109. letti says:

    Thanks a lot for the article post.Thanks Again. Really Cool.

  110. Looking forward to reading more. Great article.Much thanks again. Cool.

  111. gry MMO says:

    Wow, great blog post.Much thanks again. Cool.

  112. Great blog post.Really looking forward to read more. Want more.

  113. Say, you got a nice article. Really Great.

  114. anvelope says:

    I loved your blog article.Really thank you! Keep writing.

  115. TV Stand says:

    I loved your blog post.Much thanks again. Great.

  116. Great, thanks for sharing this post.Thanks Again. Great.

  117. Awesome post.Really looking forward to read more. Fantastic.

  118. Very neat article post.Really thank you! Really Cool.

  119. Thanks for sharing, this is a fantastic post. Great.

  120. I truly appreciate this post. Really Great.

  121. I really like and appreciate your blog article.Thanks Again. Much obliged.

  122. Im thankful for the article post.Really thank you! Awesome.

  123. Enjoyed every bit of your article.Much thanks again. Awesome.

  124. I am so grateful for your blog post.Really looking forward to read more. Really Great.

  125. Thank you for your blog article. Great.

  126. Major thanks for the article post.Really thank you! Cool.

  127. Im thankful for the blog post. Keep writing.

  128. wow, awesome article.Really thank you! Great.

  129. Technik says:

    I am so grateful for your post.Really looking forward to read more. Awesome.

  130. Thanks-a-mundo for the blog.Thanks Again. Great.

  131. Kamagra says:

    Great, thanks for sharing this article post.Thanks Again. Will read on…

  132. Enjoyed every bit of your blog article.Thanks Again. Fantastic.

  133. I am so grateful for your post.Really thank you! Really Great.

  134. Great post.Much thanks again. Really Cool.

  135. Appreciate you sharing, great post.Really thank you!

  136. Mira Zetino says:

    Thanks for this particular, wonderful write-up. Will likely be subsequent tightly even though I strive for you personally to batter

  137. We’ve placed on your own blogroll and possess placed the button on my tiny blog facet

  138. Hey there this is kinda of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding skills so I wanted to get guidance from someone with experience. Any help would be greatly appreciated!

  139. Spending time to your weblog internet site is incredibly helpfull, Prepared the following posts.

  140. Properly… fantastic !! u’r the A single person !!

  141. Gyt9Ek I really enjoy the blog.Much thanks again. Awesome.

  142. I purchase comments just like QrMSeC nzCroZ frequently. Are you currently going to help me? Regards.

  143. kindiukof says:

    George Bush had not been amazing, but this? Who needed from the trash? They missed a item!

  144. When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four e-mails with the same comment. Is there any way you can remove people from that service? Appreciate it!

  145. Lekipotencja says:

    Get into the field of smoking the particular best electronic cigarette, you will not be sorry a single 2nd, they are so much more beautiful in order to smoke rather than hazardous!

  146. When I initially commented I clicked the -Notify me when new comments are added- checkbox and now every time a remark is added I get four emails with the identical comment. Is there any way you can remove me from that service? Thanks!

  147. Hmm it looks like your site ate my first comment (it was super long) so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog. I too am an aspiring blog blogger but I’m still new to the whole thing. Do you have any points for novice blog writers? I’d definitely appreciate it.

  148. Nokia 500 says:

    Can I simply say what a relief to seek out someone who really is aware of what theyre speaking about on the internet. You positively know how one can carry a problem to mild and make it important. More folks have to read this and perceive this aspect of the story. I cant imagine youre not more popular because you definitely have the gift.

  149. You are a very bright person!

  150. Thanks for this great web page. I am trying to browse some more posts but I cant get your site to display properly in my Opera Browser. Thanks yet again.

  151. Appreciate your really excellent report, We by no indicates notice exceptional weblog similar to this, I’ll revisit later on.

  152. along with the new facebook message im not receiving enymore emails when someone sents me a message..why is that this taking place?

  153. Eusebio Faw says:

    This is actually a terrific list you might have compiled here. Good to know for pros as well as newbies to WordPress

  154. Thank you for the auspicious writeup. It in fact was a amusement account it. R4(http://www.r4dsr4i.fr/) Look advanced to more added agreeable from you! However, how can we communicate?

  155. This blog is definitely entertaining and also amusing. I have picked up many handy things out of this blog. I’d love to go back over and over again. Thanks a bunch!

  156. Hi there kamagra apteka very nice website!! Man .. Beautiful .. Superb .. I will bookmark your site and take the feeds also…I am glad to find numerous useful information right here within the submit, we want develop extra techniques on this regard, thanks for sharing. . . . . .

  157. lida hapi says:

    Thanks exclusively for that wonderful post! I’ll take a note of your blog and view but once again the following normally

  158. kamagra says:

    We are a tania kamagra bunch of volunteers and opening a new scheme in our community. Your site provided us with helpful information to work on. You’ve done an impressive activity and our whole community will likely be grateful to you.

  159. Retta Esplin says:

    For me this really is a exceptional a single

  160. online lån says:

    I think other web-site proprietors should take this site as an model, very clean and great user friendly style and design, as well as the content. You’re an expert in this topic!

  161. It¡¦s really a great and useful piece of information. I am happy that you shared this useful information with us. Please keep us informed like this. Thank you for sharing.

  162. The look for your web site uggs online is a little bit off in Epiphany. Even So I like your weblog http://www.goedkopeuggkopen.nl/.

  163. We appreciate you the simple, helpful together with wasy to grasp post

  164. Joey Decent says:

    Such a fantastic write-up! Headers are the answer to anything pretty much

  165. MrwjUmVu7y says:

    721414 813597I genuinely enjoyed this. It was incredibly educational and useful. I will return to examine on upcoming posts 597038

  166. Carte R4i says:

    Yay google is my world beater helped me to find R4 great internet R4i site:R4i!

  167. Thanks for some other informative website. Where else could I get that kind of information written in such a perfect manner? I have a challenge that I’m simply now running on, and I have been on the glance out for such info.

  168. The Roof Whisperer 11 Shallmar Boulevard #705, Toronto, ON M5N 1J6 (647) 979-5652 This may be all really a new comer to me personally and this report really opened my personal sight.Many thanks for sharing as well as us your intelligence.

  169. Graphic Arts says:

    This particular blog is really awesome additionally amusing. I have picked up many useful stuff out of it. I’d love to return again and again. Cheers!

  170. Elba Cook says:

    Legalizing weed needs a thorough study and consideration. It will have a great impact on how the people will behave. The government must also study all the possible problems that might occur when it will be legalized. http://mjgreengrow.com/

  171. I think all the people must know that medical marijuana can cure many health related problems like Panic Disorder