Marijuana extracts, vaporizers, grow lights and joint rollers filled a cannabis convention in the Windy City this past Wednesday without a toke of marijuana in the air or a single leaf of the drug yet sold legally in Illinois.
With more than 2,000 people in attendance for the Marijuana Business Conference & Expo, with the goal to cash in on a business that is forecast by one industry-backed market research group to expand up to $11 billion every year in sales nationwide by 2019, with the prospect of legalization in several more states.
However the vast majority of entrepreneurs will have no chance at cultivating or distributing marijuana legally, stated Adam Bierman, managing partner of MedMen, a consulting firm since the doors of his first “pot shop” opened for $13,000 in California, he states, the industry has increasingly become more locked down by “titans” who have six figures or more to invest.
But as an increase of states including Illinois, with its emerging medical marijuana program limit and closely monitor who is able to cultivate and distribute cannabis. On that side, the expo included 162 exhibitors hawking ancillary products that include child resistant and odor masking containers, climate control systems, and money counting machines and security safes.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
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