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.”
…up to $16/g? Wtf sorta schwag is this broad sellin?
That’s still cheaper than what the NYC delivery services charge for Purple Haze or Diesel.
Years from now, when people look back, they will realize I was a visionary.
- JC
Recently overheard by a male caller to NORML….
“If it does indeed give me brea$t$, will I at least become T’s on an S?”
all I needed to do was to smoke up and I’d have breastuses? who knew?
fyi- it’s not the smoke that gives you moobs; it’s the doritos
Somewhere in a dark room with “Comfortably Numb” softly playing in the background, Jimmy Cayne smacks his forehead.
$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.
PE will be all over this soon…..
4 and 20
Haha @10
Smokin’
ATF’s
Chronic
Can I buy some A Class shares of pot from you?
@10, good work
Dope REITs, the old killin’ it
Years from now, when people look back, they will realize I was a visionary.
- ZK
@16: In your fever dreams, you plagarizing plagarist. You sat in a leather chair, in a cublicle. You are no visionary.
Ravi, learn how to fuckin’ make coffee.
@18 you get me.
I always prefer hands over fists.
re: @10 and subsequent sycophants: are you guys seriously making 4:20 jokes and then high-fiving about it? srsly?
Legalized pot might employ tens of thousands of people – but the U.S. workforce productivity will drop like a stone…r.
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’