There’s a joke we hear around the cannabis industry these days that cultivators, retailers, extraction professionals, etc. aren’t actually in the business of producing and selling cannabis - instead they’re in the business of compliance.
This month, we're changing things up a bit and making it easier than ever for you to get caught up with our alumni. Instead of writing a long blog that requires you read (who even reads anymore?), our Managing Director, Patrick Rea, sat down with deepgreen CEO, Colin Ferrian, to talk not only about the company and being an entrepreneur but about tech in cannabis and general agriculture as a whole.
One of the black box mysteries I am often asked about is valuation of a company during an investment. As I've been preparing for a presentation I’m giving at the MJBizInt’l conference in Toronto next month, I’ve been thinking about a common aspect of the debate - the importance of revenues.
The cannabis industry is currently one of the fastest growing industries in the United States. Growing at a rate of 30% annually, BDS Analytics estimates it to be worth $22B by 2020, just 6 short years after the first state fully legalized.
There’s a story that gets told around the Canopy offices from time to time about one of our alumni’s mothers and her first trip to a dispensary. The story goes that the mom arrived in Denver, had some time to kill and so stopped into a dispensary. Mom was not an experienced cannabis user and so, of course, asked the budtender what she should get. The budtender recommended edibles. Lots of edibles. Too many edibles.