While established companies and venture capitalists are hesitant to invest in marijuana related start-ups, smaller investors, some high net-worth individuals and entrepreneurs are jumping on the weed wagon.
Because of different state laws regarding its usage, the cannabis industry is far from becoming national. For now the most rapid boom is in two states, Colorado and Washington, although it is predicted to grow in other states as they vote for legalizing it.
What gives this industry a further boost is that while its only newly legalized in some states, it has had an existing market operating in the shadows for decades.
With innovation, and access to capital, the potential for this industry to sail is limitless.