Kategori

Ads Here

Friday, August 1, 2014

Cashing In On Cannabis

By Dr. Steve Scaglione


It seems like yesterday that marijuana legalization was a pipe dream. You look around, and from a political standpoint, the wheels are definitely in motion. The smell of money is in the air. On top of that, it's greener than it's ever been. The political landscape is changing on a daily basis, and it's hard to believe that it's even taking place. It's the repeal of prohibition all over again, and the United States is bracing for impact.

There is so much going on for those who want to join the endeavor however setting up this position is not an easy task. Because the industry is changing so fast, companies are in position without knowing what is in store for them next. Some will make a lot of money whereas others will lose out. I am guessing it is like a coin toss, as it is in all entrepreneurial projects, but how can hopeful business people with a want for the cannabis cash cow make this happen?

You will find companies of all magnitudes are ready to cash in with cannabis business opportunities. After all, it's a billon dollar market. In 2016 this business will be worth over ten billion dollars. There are advanced cultivation technologies, patient security, record keeping and financial solutions that claim to change the model of commerce inside the business. It is astonishing the degree and size of the new companies that want to be a part of this industry.

While researching the small to medium sized community of companies that are aspiring to capture a segment of the market, I had the opportunity to discuss the industry and his perspective on it with President and C.E.O. of FastFunds Financial Corporation, Mr. Henry Fong. Mr. Fong explained that his goal is to capture the individual segments of the market that fuel the future of cannabis. From payment processing to original online media development, to finding the next leader in the cannabis industry through their Cannabis Angel venture group.

Mr. Fong commented that his company is very keyed up to be involved in the "green rush", and they are making a noteworthy pace to be a player in this industry". Mr. Fong added "change is good" and having the capacity to see into a business and see what it needs will be a capacity few will have. FastFunds is publicly traded on the Over-the-Counter (OTC Pink) exchange under the symbol FFFC.

Not long ago the company made known the formation of the 420 Development, a wholly-owned subsidiary of FFFC for the purpose of completing acquisition of revenue producing companies, which Mr. Fong thinks will add value to several additional markets within the cannabis industry like digital media production and security staffing. Time will tell how FastFunds will fare amongst their competitors, even though the opportunity for them to execute a solid business plan is definitely there.

These are certainly exciting times for people who have an interest in cannabis. Whether your interests lie on the business end of the equation, or even on the medicinal benefits of cannabis, we are living in a time that few will ever get to experience. There are valid arguments at both ends of the table, and at times, it's difficult to pick a side.

It sure looks like the sale of marijuana is going to remain in the future. Federal and State governments, combined with private industry and lobby groups, are making the future of this widely revealed industry. You have to realize it is a chance of a life time to be involved in this business My proposal is to take pleasure in the cannabis cash cow event. We are out front to see what's about to happen.



No comments:

Post a Comment

Featured Post