Cannabis - Infrastructure and Support Services

[MetalGear]

Hi Everyone,

They are going to legalize cannabis in my state soon and I have been thinking of the types of businesses that may boom.

Growing and producing cannabis is obviously one route.

What about the support services and infrastructure required for legalization and sustaining the industry in the future?

@MJ DeMarco do you think you can find a cannabis entrepreneur to do a Featured Post Interview?

I think that would be awesome

 

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[MetalGear]

The huge capital costs required for production are a turn off for me...

Physical and digital support services are an interesting topic though

http://www.cannabisbusinesstimes.com/article/software-company-baker-acquires-grassworks/

DENVER, COLO. (Tuesday, Nov. 14, 2017) – Baker, a customer engagement software company for marijuana dispensaries, today announced the acquisition of Seattle-based Grassworks Media, the second largest CRM player in the cannabis market, according to a press release.

As a result of the acquisition, Baker will add Grassworks’ approximately 150 dispensary clients to its roster of retail clients across 16 states and Canada. Grassworks’ management team will join Baker in its new Seattle office, where Baker’s existing northwest sales representatives are based. As part of the acquisition, Baker will eventually leverage Grassworks’ technology to augment its offering. Current Grassworks customers will not be immediately affected.

 

[BrooklynHustle]

The huge capital costs required for production are a turn off for me...

Physical and digital support services are an interesting topic though

http://www.cannabisbusinesstimes.com/article/software-company-baker-acquires-grassworks/

DENVER, COLO. (Tuesday, Nov. 14, 2017) – Baker, a customer engagement software company for marijuana dispensaries, today announced the acquisition of Seattle-based Grassworks Media, the second largest CRM player in the cannabis market, according to a press release.

As a result of the acquisition, Baker will add Grassworks’ approximately 150 dispensary clients to its roster of retail clients across 16 states and Canada. Grassworks’ management team will join Baker in its new Seattle office, where Baker’s existing northwest sales representatives are based. As part of the acquisition, Baker will eventually leverage Grassworks’ technology to augment its offering. Current Grassworks customers will not be immediately affected.

Love the idea of a software play

 

[Morethan1]

Interesting to see what's going to happen in Canada once the bill passes. There are so many opportunities, have to see what the legalities of it at all are.

 

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[LateStarter]

The problem that I see in Canada is a lot of the production and distribution are all being given to big business right out of the gate. The taxation plan also forces the commoditization of the product in order to be competitive with an already mature black market. Entrepreneurs are being relegated to work on the fringe with services, accessories, etc. Sure there's money to be made there, but because of corporate involvement in production and distribution, accessories are being set up to become a massively competitive space.

I think there could be better opportunities in markets outside of Canada (ie US). But doing investments or businesses as a foreigner has it's own issues.

Did anyone go to the Vegas convention in November?

 

[Scot]

CNBC show The Profit did an episode about the cannabis industry. You should find that episode and watch it. It goes a lot into the different routes into the industry and the competition. It’s not as empty of a space as you might think it is.