It seems like yesterday that marijuana legalization was a pipe dream. You look around, and from a political standpoint, the wheels are definitely in motion. The smell of money is in the air. On top of that, it's greener than it's ever been. The political landscape is changing on a daily basis, and it's hard to believe that it's even taking place. It's the repeal of prohibition all over again, and the United States is bracing for impact.
Opportunity is knocking for those brave enough to enter the space, but carving out a niche is not an easy feat. Given that the industry is changing so quickly, how can companies position themselves without knowing what's around the corner? Fortunes will be made, and fortunes will be lost, that's for certain. I suppose it's a gamble, like anything else that's entrepreneurial, but how exactly can aspiring business people, with a nose for the "green," make a go of it?
There are many sizes of companies wanting in on this high paying billion dollar industry. The news is this industry could have a value of over $10 billon dollars in 2016. Within this business, advanced cultivation technologies, patient security, record keeping and financial service solutions will make changes in the entire type of the business of marijuana. The volume of the new companies coming into this business is amazing.
After researching the dimensions of companies wanting to get into this market, I had the chance to chat with the President and C.E.O. of FastFunds Financial Corporation, Mr. Henry Fong and get his view point on this market. He explained that his ambition is to capture the individual sectors of the market that stimulate the future of marijuana. From original online media development, payment processing to finding the next fortune 500 in the cannabis industry through their Cannabis Angel venture group.
We're excited to be part of the "green rush" and are making significant strides to be a player in this space," commented Mr. Fong. As Mr. Fong goes on to say says, "change is good," and having the ability to look into an industry and realize what its core needs will be, is an ability only few have. FastFunds is publicly traded on the Over-the-Counter (OTC Pink) exchange under the symbol FFFC.
Most recently, the company announced the formation of The 420 Development Corporation, a wholly-owned subsidiary of FFFC, for the purpose of completing acquisitions of revenue producing companies, which Mr. Fong believes will add value to several ancillary markets within the cannabis industry, such as security, staffing, and digital media production. Time will tell how FastFunds will fare amongst their competitors, although the opportunity for them to execute a solid business plan is definitely there.
It is an exhilarating times for those who are interested in the cannabis industry. It doesn't matter if your interest are for the business side of the equation or the medicinal benefits of cannabis, we are existing in a time that few will ever have the chance to experience. Because there are valid arguments on both sides it is hard to pick a side.
One thing is for certain. Cannabis is here to stay. Federal and State governments, combined with private industry and lobby groups, are crafting the future of this widely publicized industry. Being a part of it and experiencing these events as they take shape is an opportunity of a lifetime. My suggestion? Enjoy the ride. We have front row seats to what's around the corner. Welcome to Cannabis Version 2.0.
Opportunity is knocking for those brave enough to enter the space, but carving out a niche is not an easy feat. Given that the industry is changing so quickly, how can companies position themselves without knowing what's around the corner? Fortunes will be made, and fortunes will be lost, that's for certain. I suppose it's a gamble, like anything else that's entrepreneurial, but how exactly can aspiring business people, with a nose for the "green," make a go of it?
There are many sizes of companies wanting in on this high paying billion dollar industry. The news is this industry could have a value of over $10 billon dollars in 2016. Within this business, advanced cultivation technologies, patient security, record keeping and financial service solutions will make changes in the entire type of the business of marijuana. The volume of the new companies coming into this business is amazing.
After researching the dimensions of companies wanting to get into this market, I had the chance to chat with the President and C.E.O. of FastFunds Financial Corporation, Mr. Henry Fong and get his view point on this market. He explained that his ambition is to capture the individual sectors of the market that stimulate the future of marijuana. From original online media development, payment processing to finding the next fortune 500 in the cannabis industry through their Cannabis Angel venture group.
We're excited to be part of the "green rush" and are making significant strides to be a player in this space," commented Mr. Fong. As Mr. Fong goes on to say says, "change is good," and having the ability to look into an industry and realize what its core needs will be, is an ability only few have. FastFunds is publicly traded on the Over-the-Counter (OTC Pink) exchange under the symbol FFFC.
Most recently, the company announced the formation of The 420 Development Corporation, a wholly-owned subsidiary of FFFC, for the purpose of completing acquisitions of revenue producing companies, which Mr. Fong believes will add value to several ancillary markets within the cannabis industry, such as security, staffing, and digital media production. Time will tell how FastFunds will fare amongst their competitors, although the opportunity for them to execute a solid business plan is definitely there.
It is an exhilarating times for those who are interested in the cannabis industry. It doesn't matter if your interest are for the business side of the equation or the medicinal benefits of cannabis, we are existing in a time that few will ever have the chance to experience. Because there are valid arguments on both sides it is hard to pick a side.
One thing is for certain. Cannabis is here to stay. Federal and State governments, combined with private industry and lobby groups, are crafting the future of this widely publicized industry. Being a part of it and experiencing these events as they take shape is an opportunity of a lifetime. My suggestion? Enjoy the ride. We have front row seats to what's around the corner. Welcome to Cannabis Version 2.0.
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