Investors Finally Seeing Marijuana’s High Market Potential
The business of legal weed is entering a new stage, as a broad infrastructure of related services, particularly financial, develops.
Last year former videogame entrepreneur Dooma Wendschuh began soliciting investors for what he viewed as a big idea: distilled marijuana extracts, developed by scientists, that could be used for “edibles,” such as brownies, and vaporizers. Rather than hawking flavors or strains of pot, his company, Ebbu, would aim to deliver consistent feelings, such as “chill” and “giggles.”
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