The Pot Industry Is Looking Awfully Boring
Fresh off an election day that increased the number of Americans who can get legally high to one in five, the business of weed is booming. There are now 727 companies companies dealing in cannabis, and combined, they’ve gotten $1.2 billion in total investment, reports analytics and data visualization firm Quid.
As marijuana leaves the black market behind, the business of working with the stuff is starting to look a lot like other industrial sectors: downright boring. Quid analyzed thousands of firms and investments since 2011 to see how the industry is maturing, and found that there’s been an explosion of the support services that already exist for other industries.
The largest number of new cannabis companies are in the media and business software sectors. Now that they’re above board, pot growers need logistics and accounting software, too.
There’s no shortage of off-beat ideas...
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