Dealers and smokers have known the economic benefits of “growing your own” for a long time. Now though, banks and big businesses are trying get a piece of the action…
US attorney general Eric Holder recently announced that marijuana businesses operating legally in states like Washington and Colorado should have access to banks in order to securely protect their money. Colorado has always been at the forefront of the weed business, becoming the first state to allow to production and sale of recreational cannabis to it’s citizens.
Because of cannabis tourism and the emerging weed industry, Colorado is the fastest growing state economically and is nowhere near as affected by the current economic crisis as the rest of the states. So could weed be the answer to all of our global money troubles? A lot of experts certainly think so. But what would a global weed industry actually look like?
Evil gigantic corporations like Phillip Morris (the people who brought you Coca-Cola soft drinks and Marlboro cigarettes) have already set their sights on the weed game. As soon as it becomes legal for a business of this size to step into the cannabis trade you can expect Phillip Morris and friends to buy up every pot shop within 1000km of Denver. Perhaps we could even see packets of legal joints available to buy in our local stores over the next few years.
WeedMaps is the #1 Medical Marijuana Strain Locator and Dispensary finder site in the world. Wherever weed is legal WeedMaps is trying to help you find it. How long will it be before this yelp-style application gets rolled out onto Google maps and Android devices?
The Birth Of The Vaporizer
It’s so safe that even your grandma can smoke it. Ever since weed was legalised in some American states the prevailing method of smoking actually hasn’t been smoking at all. More and more people are opted for the safer alternative found in vaporizers. Originally the size of a suitcase and needing to be plugged into a power point, Vapes are now ready to buy in tiny portable form and a variety of flavors. As we already know, weed is far safer than alcohol anyway.
The Chemical Brothers – Joel & Josh Stanley
Where there is money to be made you will always find cunning entrepreneurs. Self-made oil and gas tycoons the Stanley Brothers are one such example. There are five brothers in total, all of whom have swapped out their old corporate jobs for a new marijuana venture in Colorado. When weed is finally made legal for everyone only family businesses like this will be able to stand up to the mega corporations who will want to buy everything.
Weed As Currency
We’ve seen the enormous rise of Bitcoin over the last year and now weed could actually do the same thing. As soon as a product is a legal commodity you can trade in it. This means that anything and everything from washing machines to cars could be purchased with weed. After all, weed used to be legal as far back as the 1800s. At one point it was actually illegal not to grow it. If you were a farmer in the American colonies you could use it to pay tax.
It is roughly estimated that 40% of high level tech workers in Silicon Valley use cannabis recreationally. These computer geeks-turned-billionaires could be the perfect people to launch the new weed industry in the states as they are well placed in America’s richest state where weed is legal – California. These so called ‘Brogrammers’ could be the next generation in developing weed technology and culture. Some of them are already at it.
So… what do you think? Could weed money save us all from going broke?