Wednesday, August 13, 2014

Cannabis Business Opportunity

By Steve Scaglione Phd


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.

There is so much going on for those who want to join the endeavor however setting up this position is not an easy task. Because the industry is changing so fast, companies are in position without knowing what is in store for them next. Some will make a lot of money whereas others will lose out. I am guessing it is like a coin toss, as it is in all entrepreneurial projects, but how can hopeful business people with a want for the cannabis cash cow make this happen?

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.

While researching the small to medium sized community of companies that are aspiring to capture a segment of the market, I had the opportunity to discuss the industry and his perspective on it with President and C.E.O. of FastFunds Financial Corporation, Mr. Henry Fong. Mr. Fong explained that his goal is to capture the individual segments of the market that fuel the future of cannabis. From payment processing to original online media development, to finding the next leader 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.

Not long ago the company made known the formation of the 420 Development, a wholly-owned subsidiary of FFFC for the purpose of completing acquisition of revenue producing companies, which Mr. Fong thinks will add value to several additional markets within the cannabis industry like digital media production and security staffing. Time will tell how FastFunds will fare amongst their competitors, even though the opportunity for them to execute a solid business plan is definitely there.

These are certainly exciting times for people who have an interest in cannabis. Whether your interests lie on the business end of the equation, or even on the medicinal benefits of cannabis, we are living in a time that few will ever get to experience. There are valid arguments at both ends of the table, and at times, it's difficult to pick a side.

It sure looks like the sale of marijuana is going to remain in the future. Federal and State governments, combined with private industry and lobby groups, are making the future of this widely revealed industry. You have to realize it is a chance of a life time to be involved in this business My proposal is to take pleasure in the cannabis cash cow event. We are out front to see what's about to happen.



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