Weed: Is the market ready to be tackled?

1 pointEinhornIsFinkle1 comment

It looks like CA might take another step toward legalizing pot. We just saw Oakland overwealmingly pass a tax on the stuff.

Do you think the pot market is a legit market to tackle w/tech solutions at this point or do you feel the 1st mover risks are too great? There is a lot of risk concerning it's future but very hard to ignore the market's $10B+ size.

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moot point : http://www.huffingtonpost.com/2009/07/23/obama-wont-support-... Obama won't support it. The first mover would be the clinics throughout CA that are already quasi-legal (various ones accept sham prescriptions) and they'd just open the door and make tons of money if they could steer clear of the gangs. You could probably do a Web2 pot app for CA script holders today, but I don't see it as a great risk vs reward especially since legalization is pretty much not happening in this decade.

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