The marriage of technology and cannabis entrepreneurship has gone from a passion-project for growers, to a full-fledged venture capitalist (VC) bonanza in just the past year and a half.
Marijuana startups are no longer simply the domain of experts on cultivation and plant-strain for medical dispensaries.
The profits are now measured in billions and developers are being offered increasingly high-paying positions at cannabis startups .
Investors looking for an emerging industry that’s worth billions, doesn’t have stiff competition from major international companies, and is as close to a ‘sure thing’ as possible need look no further than cannabis.
The Motley Fool expects a 300 percent increase in cannabis revenues, in the US alone, over the next five years.
This stands in contrast to the laws of the States that have legalized marijuana for adult recreational use, or medicinal use by prescription.