How Do You Feel About Big Business Trying to Take Over the Marijuana Industry? Johnny Green - The Weed Blog
go to original June 3, 2013

Last week social media and blogs were inundated with comments and articles about a former Microsoft Executive’s (Jamen Shively) announcement that he is planning to jump into the marijuana industry.

“At a press conference in Seattle’s tallest skyscraper, Shively said he and business partners will begin in Washington State and Colorado, where rules for legal pot come online this year, and wait as voters pick off prohibition across the country. Flanked by lawyers, a state lawmaker, and former Mexico president Vicente Fox, Shively said he is a “couple weeks” from an initial $10 million milestone, and within three years, he fully expects to open - some medical marijuana and some recreational marijuana - a dozen branded stores in Washington State, another dozen stores in Colorado, and as many as hundreds in California (a state where only medical marijuana is currently legal but where voters are widely expected to legalize recreational pot in 2016),” reported journalist Dominic Holden.

A big business takeover of the marijuana industry has been something that many marijuana activists and current industry members have feared for awhile now. The fears are well founded, and the infiltration of the marijuana industry by big business is something that is not going to go away. I have talked to a lot of outside investors since the 2012 Election, and many of them are performing their due diligence to see how they can crack into a multi-billion dollar industry that is growing larger by the day.

I always snicker at them, because they are in over their heads.

Read the rest at The Weed Blog

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