Recreational use of Marijuana is undergoing rapid adoption. Ascend Massachusetts will be the first recreational cannabis shop to open in Boston, MA in 2019. The shop, just around the corner from TD Gardens represents the first recreational marijuana dispensary in a major East Coast city. Many competitors are on it’s heels. More interesting still, New York City is preparing for marijuana legalization. The tax windfall in states with legalized marijuana is staggering, Colorado has already seen more than $1B of marijuana sales. The business model has been proven a massive success and I see no reason for any state to resist legalization efforts for much longer.
I plan to capitalize on this burgeoning industry.