With ballot initiatives legalizing the use of marijuana in the states of Colorado and Washington, more than 20 states permitting medicinal marijuana, and the enactment of Health Canada on April 1, 2014, what does the future hold for the business of pot? Listen in as Privateer Holdings COO Christian Groh discusses the market opportunities opening up for recreational marijuana and how legalization makes it possible for investors to make profits -- legally.
PRIVATEER HOLDINGS COO
Christian's combination of professional accomplishments and business
vision give Privateer Holdings a uniquely well-positioned partner. His
more than 10 years of strategic sales, operations and management
experience has consistently been in new commercial frontiers and
instrumental in the emerging legal cannabis industry.
Michael Montgomery is a reporter and broadcast producer for The Center
for Investigative Reporting. He also is a special correspondent for
KQED Public Radio and contributing producer at American RadioWorks. A
veteran of radio, television and newspapers, Michael reports
extensively on criminal justice and prisons, vulnerable and exploited
populations, and the underground economy.
After completing a Fulbright Fellowship in Eastern Europe, Michael
began his career as a newspaper reporter covering the fall of
communism and wars in former Yugoslavia. He was a foreign
correspondent for The Daily Telegraph and a contributor to the Los
Angeles Times. Michael also served as a staff producer at CBS News and
senior reporter at American Public Media. His work has garnered
national and international prizes including an Overseas Press Club
Award, IRE Certificate, Edward R. Murrow Award, and Alfred I.
duPont-Columbia University Gold and Silver batons.
Christian Groh, co-founder of Privateer Holdings, describes the popularity of Leafly -- a marijuana dispensary and strain review app. Groh explains how big data is helping pot businesses spot trends like consumables.
Indian hemp plant (Cannabis sativa) or the crude drug made of its dried and crushed leaves or flowers. The active ingredient is tetrahydrocannabinol (THC). Also called pot, grass, and weed, the drug has long been used as a sedative or analgesic; it was in use in China by the 3rd millennium BC and had reached Europe by AD 500. Today it is used worldwide, though it has been generally illegal at least since the International Opium Convention of 1925. Its psychological and physical effects, including mild euphoria and alterations in vision and judgment, vary with strength and amount consumed, the setting, and the user's experience. Chronic use is not physically habit-forming but may be mildly psychologically habit-forming. Marijuana has been shown to be medically therapeutic for patients with glaucoma, AIDS, and the side effects of chemotherapy; in 2001 Canada became the first country to legalize the use of marijuana by people with terminal illnesses and chronic conditions. Supporters of legalization claim that it is a more benign drug than alcohol; opponents contend that it is addictive and leads to use of more serious drugs. A resin from the plant is the source of hashish.