Business analyst are very confident that Nick Lachey (remember him, Jessica Simpson's ex-boo, yeah him) is set to bank a few billions in marijuana sales. The dude is a "legal" drug kingpin who owns a 29-acre weed farm in Akron, Ohio and once he hits the market with the production and distribution of his own brand of marijuana, Lachey is set to bank a billion dollars every year.
The other side of it was, Ohio decided not to legalise marijuana but Nick Lachey is not giving up and still remains in Ohio with his marijuana farm, tweeting:
"While I may not agree, the people of Ohio have spoken and that’s the way it’s supposed to work. Change takes time."
Although Ohio did not legalise marijuana, at least not yet, guess who is pushing for marijuana legalization across the nation?! Mostly business men who want to invest, Wall Street brokers, equity bankers, and etc. who know how much billions and even trillions to be made; not just in business and sales of marijuana but in stocks! The irony of many African-American men going to jail and even prison over selling marijuana and now, they are pushing for it to become legal, because of the potential in making billions and trillions of dollars in US markets.
Things that make you go hmmm...
According to Viridian Capital & Research, investing in marijuana stock will become the perfect place to raise capital for any businesses. This would also include its branding, sales, farms, distribution, marketing; and as well as advertising. Marijuana already has its own spot in stocks according to Viridian Capital & Research, the cannabis sector (yes, it already has its own sector) stocks are high flying, posting gains of over 17 percent in the second quarter. This is what's going on behind the scenes right now, with the knowledge that the legalization of marijuana will expand state to state.
As with all investment in stocks, there are some precautions to take. Scott Grieper, president and founding partner of Viridian Capital & Research offers reasonalbe advice:
“When it comes to investing in marijuana companies, many of the same rules should be applied to investment decisions about any company.”
In an interview with Black Enterprise, Scott Grieper noted before buying into any marijuana stock, it is wise to research on their management and the productivity of their business.
"Great management is still the key to success in the business world. You can have a great idea, but without proper leadership things are going to fall flat. In the marijuana business, you may find people who know how to grow some plants, but they don’t know anything about marketing, sales, government regulations, and the like."
Grieper also expressed, to examine their products as far as sales, how it is promoted and marketed to their consumers; and if it's the best product on the market.
Scott Grieper stated the marijuana business and stock investment are new to the US, but it has been a global business for years.