The RMR team recently attended Marijuana Business Daily’s MJ Biz Con 2017 in Las Vegas. After three full days of networking at the convention center and mingling at various afterparties, we noticed a common conversation topic, California. Investors, established brands, and ancillary services seem to all have their eyes set on this state’s cannabis industry.
According to TheCannabist.com, major cannabis investment groups Archview and New Frontier are predicting California’s legal cannabis annual revenue to reach $6.5 Billion by 2020. With numbers like this, it isn’t hard to believe that the majority of conversations at a conference of this magnitude are focused around one state. Being on the forefront of recreational cannabis, we’ve been a testing ground for a green gold rush and I think it’s safe to say the rest of the country is listening.
