With recreational pot legal in Washington state, the marijuana business is moving from back alleys to storefronts. Former Silicon Valley banker Brendan Kennedy wants to lead the way in the new pot economy. He is CEO of Privateer Holdings, a cannabis-focused venture capital fund. He’ll explain to Ross Reynolds why he sees it as a $50 billion legal business.
Washington became one of the first states to legalize marijuana for recreational use in 2012. But there are a lot of challenges ahead: the state must set up a licensing system for marijuana growers and sellers, the federal government may mount a challenge, the need to set a new limit on amount of marijuana in the bloodstream for safe driving. And medical marijuana is still in the picture.Over the next several months we will be exploring the issue and tracking the impact of I-502.
Potreprenuers Get Ready For A New Kind Of Drug Deal
Flickr Photo/Benoit Deniaud