This video, from the Reno Gazette-Journal about the impending green rush in Nevada, also happens to feature Blum as an example of what Nevada dispensaries could look like! (Click the box in the bottom-righthand corner of the video to enlarge.)
There’s a new gold rush in Nevada, all centered around a green plant.
Sometime in the spring of 2015, Nevada’s medical marijuana industry will be open for business. Doctors say medical marijuana will help patients with cancer, chronic pain, post-traumatic stress disorder and other ailments.
Others see the green in a different light. The marijuana business offers excellent potential for profit, so much so that it has attracted the rich and famous of Nevada.
“There are a lot of people who are savvy business people who see this as an opportunity to make money,” said Pete Krueger, president of the Nevada Medical Marijuana Association, a business group. “And God bless them, that’s the American way.”
ArcView Group, a San Francisco-based investing and market research firm for high-net-worth investors, estimated the national legal market (including recreational and medical marijuana) was $1.53 billion in 2013, according to Forbes. That’s expected to grow to $2.57 billion by the end of 2014. Marijuana sales in Washington and Colorado — the two states where recreational marijuana is legal — is expected to pull in $316 million and $802 million, respectively, in 2014. (Read the rest at RJG)