How to sell pot
How To Make Legitimate Marijuana Money | The Highs And Lows Of The Weed Business
I moved out here because I didn't care
for the lifestyle and the pace of life
from the East Coast I moved from New
York City
I have always consumed you know in my
life I never expected to be in the
cannabis industry
I'm Jeremy Bamford I'm the CEO and
founder of pop guide.com
we were created as a resource for
consumers for marijuana tourism in
Colorado we're an ancillary business
meaning we don't touch the plan we don't
grow it we don't sell it we're a
strictly informational our website is
comprised of business directories
showing people where to buy where to
stay and what to do and so essentially
you know we don't provide any our
services ourselves other than promoting
these businesses we are hoping to change
the way that people view the cannabis
industry some people still think that we
just come to work and get high or you
know we're just going to events and
there's often this this different light
that I shed upon the industry that
really should should not be there
anymore really challenging part of the
cannabis industry is raising money a lot
of these investment firms are very
cautious about investing this industry I
mean they understand art the growth rate
cannabis was the fastest growing
industry in the US and 2014 and 2015 I
know there's expected to be over 12,000
dispensaries open in the United States
by 2020 and so this is a huge industry
the stigma that the cannabis industry
carries is very interesting and one that
we continue to fight every day it took
us once a months to find a banking
solution and the banks are very
concerned about accepting our deposits
because they know a lot of our revenue
is generated directly from promoting
dispensaries and obviously were
accepting money from them so we're kind
of one one off the chain from the drug
money I guess you could say most of the
companies are receiving funding not
provincial capitalist firms but from
angel investors it's the best in our
companies they have to be what's called
an accredited investor and to be
accredited and in regards to the eyes of
the IRS you have to have over a million
dollars of net worth excluding your
primary residence and/or earn a salary
of $250,000 per year
we're seeing these larger companies come
around and recognize the value that
cannabis can bring to their business and
so some of those larger names
I know ones that we are working with in
the very near future are more accepting
and realize the potential and obviously
the money that can be made there one of
the biggest issues here is is
consumption and where do people consume
at and especially from a tourism
perspective Colorado does not allow
social lounges for marijuana consumption
very--it there are some gray area
businesses operating but there hasn't
been a lot of clarity so you're seeing a
lot of tourists come out here and they
have nowhere where they can actually
combust like smoke a joint when it comes
down to it people are asking well once
we buy pie weed where do we go what do
we do we hope to be able to overcome
that and be able to provide our users
with an answer to that right now
Denver and Colorado we're forcing people
to break the law that is something that
you know as a legitimate cannabis
business we do not want to support that
I mean that leads into this huge issue
about driving under the influence we
don't have that test yet to accurately
determine from a legal standpoint
whether or not a person is high that is
definitely a topic a huge topic
especially in the state of Colorado it's
interesting to think about you know when
you're on the road who is high and you
worry about that with drinking but all
of a sudden now you have another
substance which you know we believe
should obviously be respected but where
is that line
I saw what you know the investors and
what other people are seeing in terms of
the potential the industry if you know
the green rush as they're calling it
this community that we've become a part
of in Denver we're leading the way
people are looking towards us to
establish the start of this revolution
you
