Now, After The Passing Of Proposition 64 That Legalized Recreational Use Of Marijuana, The State May Seen A Green Rush, Where Investors Try To Take Advantage Of A Nascent Cannabis Industry Soon To Be Worth About $4 Billion Or Even $7 Billion By Some Estimates.

Privacy Policy Its been 168 years since the California Gold Rush. Now, after the passing of Proposition 64 that legalized recreational use of marijuana, the state may seen a green rush, where investors try to take advantage of a nascent cannabis industry soon to be worth about $4 billion or even $7 billion by some Marijuana Stocks estimates. Its a lot like the dot com industry as well as the telecom revolution, said Scott Jordan, director of business development at Dynamic Alternative Finance, a company based in the Denver area that has arranged $27 million in loans and equipment leases for cannabis business owners in the past two years. But proceed with caution, said a number of speakers taking part in the California Cannabis Business Expo , which runs through Wednesday at the San Diego Sheraton Hotel and Marina . It takes commitment, confidence and guts, said Karson Humiston , who at the age of 24 is the president of the Vangst Talent Network , a company of 15 full-time employees that recruits employees for firms in the cannabis industry. The risky business of startups is even riskier in the cannabis market because the federal government still classifies marijuana as a Schedule I drug , in the same category as narcotics like heroin. And the recent appointment of Jeff Sessions as the U.S. Attorney General was a major topic of discussion as attendees gathered Sunday evening for the start of the conference. Sessions has opposed legalizing marijuana , leading some to worry he might drop the Obama-era policy of allowing states to carry out their own marijuana laws.

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