So as an investor, what do you do? Do you play it safe and invest in industries with less baggage? Or do you take the risk and potentially hit it big before anyone else has jumped on board the cannabis train? As a poker player turned venture capitalist, James Conlon, a partner at Bullpen Capital knows a thing or two about risk. Take a look at our interview below and decide whether or not you want to invest in cannabis.
The Ground Floor
Despite most Americans being in favor of legal cannabis, capital is hard to come by for a lot of budding companies, as most VCs are still wary of the risks. But if you get in now, you’ll be getting in on the ground floor.
The Unique Risks
Even with little competition and an unprecedented ROI opportunity, investing in cannabis has its risks. Before deciding on your particular strategy, make sure you are prepared to take on these challenges.
The Legality
It’s no secret that investing in something that is technically illegal in the US is risky. With a single vote, your entire portfolio could go down the drain without a second thought. Fortunately, you can get some sleep knowing that the American people are on your side.
The Future
When deciding whether or not to invest in cannabis, it’s important to think about the future. Yes, the cannabis industry might hit a few bumps here and there, but it’s always going to be moving forward in the long run. And that’s worth investing in. Read more about the cannabis industry here on Tech.Co
