COLORADO: Anytime a new industry emerges, regulators and speculators become very active. In the case of the Cannabis Industry, state governments have been charged with the task of playing the regulator role with each state having successes and failures in overseeing cannabis-related commercial activities, but in all cases, establishing the rules of engagement for business anxious to jump on the green wave.
From a consumer investment perspective, it’s incredibly challenging to find real time revenue and expense data that determine which casino (or Cannabusiness) you want to place your bets in since the majority of the businesses are privately capitalized or listed on the less-than-credible small cap exchange.
And frankly, it’s not much easier for the media in light of the scant details available from the core businesses that are driving an industry that The ArcView Group projects will grow from $2.7 billion legal retail & wholesale sales in 2014 to $3.5 billion in 2015 — which clearly makes it the fastest growing industry in the U.S. In short, many companies are skittish about providing revenue details or seeking press coverage due to the lasting stigma associated with cannabis,
With that in mind, CBE Press decided to take on the task of identifying what we feel are the 10 Most Important Companies in the Cannabis Industry, based on criteria that is directional at best but good enough for us to feel confident that these companies are the best bets to have success and are clearly establishing best practices in driving their businesses to the top of their respective competitive areas.