Those who dare, win — or so the saying goes. Or, in other words, taking big risks can yield big rewards. That’s what makes the world of venture capital so exciting, or, for the rest of us, a trip to the roulette table. Though there’s no such thing as a sure thing, sometimes you can see the writing on the wall. When it comes to marijuana legalization, all signs are pointing toward a positive outcome for those in support.
We’ve had some disheartening news surrounding cannabis and marijuana legalization or reclassification as of late, with the DEA opting to leave the drug as-is in the Schedule 1 category. But there are all kinds of positive signs we’re seeing from the government as well. The Supreme Court has shut down an opposing argument or two, and more states are now passing legalization laws every year.
And with dramatic shifts come rare chances to take advantage. When it comes to business and the opening of the cannabis market specifically, legalization means huge opportunities to make insane amounts of money.
As of right now, very few (if any) big businesses or corporations are willing to wade into the cannabis trade for fear of backlash from federal regulators. But that doesn’t mean that corporations don’t see what’s coming and that they aren’t looking at strategies to capitalize. In fact, some are already hedging their bets and positioning themselves to profit immensely should full-legalization occur nationwide.
Here are five of those corporate powers.