I feel as if I’ve been saying this for months, but it’s truer than ever now that we’re facing global unrest in addition to the coronavirus pandemic: Things are a little bit crazy right now.
And I don’t just mean culturally. Economically speaking, you’d be hard-pressed to find an industry that’s not feeling some measure of pain this quarter… In fact, the majority is getting utterly clobbered.
But there’s one sector I keep coming back to in the midst of all this chaos: Cannabis.
Not only has the cannabis industry seen substantial growth in 2020… But it’s also ripe for some serious disruption. The fact of the matter is that politically-charged time periods – like election years and eras of reform – are when some of the most significant changes to our values and laws come about.
And if we are indeed on the cusp of legalization… The firms that are ready to scale first could see unprecedented levels of growth. I’m talking millions or even billions in revenue virtually overnight.
VCs and angel investors are well aware of this fact – which is why interest in cannabis and CBD startups is on the up-and-up today. A few examples:
- 12/12 Ventures, a well-known VC firm in California, recently announced they were backing 3 cannabis startups
- Sean Stiefel, CEO of Navy Capital, was recently quoted as saying, “Cannabis went from illegal to essential in about two weeks flat” in a TechCrunch interview
- Cannabis tech startups, like Drop Delivery, FlowHub, and LeafLink are top of mind for many VCs right now, according to a recent piece from Business Insider
But the best part is that there’s really no need to wait for federal legalization. In jurisdictions where recreational cannabis use is already legal, there are still a few incredible opportunities to invest in startups that could kick back unbelievable returns.
The key, of course, is knowing where to look. I’ve spent hundreds of hours researching this space – not to mention calling on some of the industry’s top experts – in the hopes of finding that very thing.
And this week, I struck gold.
John Burke, a leading investigative journalist with more than 25 years of experience under his belt, clued me in to an opportunity unlike any I’ve seen before. It’s not a grower, or a software company, or even some kind of supply-chain logistics job.
I’m talking about plans to build America’s first cannabis resort, a 70,000-square foot destination for travelers, tourists, and enthusiasts. And once it gets the zoning green light, it’s going to occupy what might just be the most valuable piece of real estate in the world: A spot right on the Las Vegas Strip, where millions of people move in and out every single day.
A brick-and-mortar business plan is something I don’t really look for, generally speaking… But there is absolutely no denying the power of real estate like this. And the fact of the matter is that cannabis tech companies with global footprints will be limited in what they can do until federal legislation changes.
As soon as all the zoning red tape is cut through, the startup behind this venture won’t have to wait any longer than it takes them to build the thing. Once they open their doors, they could see foot traffic in the millions, or even the tens of millions, each and every day. By some estimates, that could translate to around $2 billion in revenue.
For just a while longer, this startup is raising capital from the general public… Which means that any investor, accredited or not, could secure a ground-floor stake just in time to share in the potential success of what could be the nation’s first weed resort.
All you have to do to learn more is click here.
Until next time,