COLORADO: Call it “Pot Entrepreneurship 101.” A seminar held by the Marijuana Business Academy, in Colorado Springs, teaches people how to invest in the burgeoning cannabis industry and start a marijuana business of their own.
It’s just one example of how the increasing legalization of pot is fueling a mini-boom in classes for novices looking to make money in the pot industry. Like any business niche, there are a lot of nuances to learn and pitfalls to avoid.
“We realized that there’s a lot of people out there who do not have enough information to get into this industry and there’s a lot of folks that want to invest money and talent that the industry needs,” said Charles Houghton, the academy’s co-founder and a lawyer who has operated legal marijuana dispensaries.
He and his partner, KC Stark, charge participants $299 per one-day session, which run from 9 a.m. to 4:20 p.m. (an appropriate end-time that holds a special significance in pot culture). Their goal is to teach attendees about the regulatory complexities of starting a marijuana business like the applications process, securing funding and navigating legal obstacles.