You are here

Home 🌿 Marijuana Politics 🌿 The bank of weed is open for business 🌿

The bank of weed is open for business

Submitted by Marijuana News on Fri, 08/14/2015 - 10:15

Oh, no big deal, it’s just a marijuana get-together.  A bunch of guys are chatting, about weed, yes. But the talk is also about revenue, and futures, and even the NASDAQ. Turns out, we’re at a convention center for a business expo on cannabis. And it’s crawling with straight-laced financiers and ex-Wall Streeters. The host, Scott Greiper — a former analyst and New York banker who’s president of Viridian Capital Advisors, the country’s first advisory firm and investment bank totally devoted to cannabis — is bullish: “This is going to be the cash crop of the world.”

Welcome to the new Gold Rush — or Green Rush, as they’re calling it. Last year alone, sales of legal pot reached around $2.7 billion, up a whopping 74 percent, from $1.5 billion, in 2013, according to the ArcView Group, an industry investment firm. And as more states have begun to legalize medical and recreational marijuana, business has been...

Rate this article: 
Region: 
United States

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


URL: 
http://www.msn.com/en-us/money/markets/the-bank-of-weed-is-open-for-business/ar-BBlHjow?ocid=mailsignout

420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.