News & Articles

I hold some Yahoo! stock so I've been keeping a close eye on the "auction" process currently underway. Despite the hype I still tend to believe in the underlying fundamentals of the company for several reasons, one of which was highlighted halfway through a WSJ article. Here's a quick quote:

In our work at Canopy, we interview hundreds of investors each year and answer thousands of questions about cananbis investing. Here are the top 10 questions we field and short versions of our answers.

Over the last few weeks I've fielded the question "what would schedule 2 mean?" at least a dozen times. And the question isn't just coming from newcomers but from experienced investors, entrepreneurs, and advocates. Unfortunately, I don't have the answer.

Colorado's established marijuana ecosystem is on track to grow by 30% in 2016. Think about that number, 30% growth! That will mean about $1.3 billion in direct cannabis sales not to mention the money flowing in ancillary businesses like the electric company (and all the electricians helping build out grow facilities) or the sales people now selling to over 600 licensed dispensaries across the state.

Investing in a startup is a risky proposition and the due diligence process helps to mitigate risks. Let's review a few basic steps in the process. Essentially due diligence is (1) discovery, (2) analysis, and (3) drawing conclusions. 

Ohio Legalized Medical Marijuana:

The nation's 7th largest state, Ohio, just legalized medical marijuana. Not only did they legalize it, they legalized it through the legislature, not a referendum, and the law includes a number of conditions important to widespread patient adoption.

"Twenty-one ailments are included in the broad list of qualifying conditions, ranging from chronic pain to cancer to post-traumatic stress disorder to glaucoma. The inclusion of chronic pain is important, as it can help boost patient numbers dramatically." Marijuana Business Daily