Marijuana Boom Spawns Ancillary Businesses

CALIFORNIA:  Ben Wu took a six-figure pay cut when he left a career in private equity for a shot at the marijuana boom.

Trained to spot small businesses with big potential, he started this year as chief executive of Kush Bottles, a Santa Ana company that sells child-resistant plastic cannabis containers.

It took some persuading to get his parents and girlfriend to embrace the move. But Wu insists it was a sound business decision. As the pot industry blossoms, he reasoned, a robust supply chain is needed to help grow, package and market legal marijuana.

“The sky’s the limit,” said Wu, 35, a New York University business school graduate and former vice president at Wedbush Capital Partners. “As long as states continue to adopt, we’re going to double growth each and every year.”

 

 

Florida's New Ban on Paraphernalia Could Have Been Worse, But Still Warrants Caution: Marijuana Defense Lawyer

FLORIDA:  New legislation regarding drug paraphernalia in Florida has gone into effect on July 1. The ban on selling items such as bongs, rolling papers, and other implements for smoking marijuana or other drugs was passed during the last legislative session and signed into law by Governor Rick Scott in June. [Read more…]