Everyone seems to have a marijuana startup idea. Snoop Dogg even raised a venture fund to invest in them. But would you believe it? Coming up with business plans while you’re high is not a fool-proof way to get rich!
According to two experts, many of the opportunities are so crowded with competitors that you’d first have to invent a time machine and go back three years.
Brendan Kennedy is the co-founder of Privateer Holdings, a private equity firm that invests in marijuana startups. Geoff Lewis is a partner at Peter Thiel’s prestigious Founders Fund, which backs Privateer. In this video, I ask them about the potential of a bunch of weed startup ideas. They’re about to kill your buzz.