Marijuana and the next big gold rush:
According to Justin Hartfield, »cannabis prohibition is a social, political, economic and public health disaster. » In a nutshell, Ghost Group‘ co-founder Justin Hartfield wants to turn the website marijuana.com (that he owns) into the Amazon of marijuana and create profits from any kind of entrepreneurial opportunities: »growing, testing, edibles, tinctures, cosmeceuticals, hospitality, nutraceuticals, entertainment, public events, accessoires, fashion and more. » In an article posted last month, the Wall Street Journal introduced him as the Philip Morris of pot… Sounds like a couple of smart entrepreneurs are turning with success the globally illegal market of marijuana into a legal industry.
Check out the »Before Investing in the legal marijuana industry » paper and you’ll get all of it. The Ghost Group is not an exception, I could have tell you about The Arcview Group based in San Francisco, founded by Steve Deangelo, or Surna based in Boulder and founded by Tom Bollich.
I’m kind of curious to see who are the smart guys who will take over the marijuana market in New-York. Justin Hartfield says it will be done before 2016.
»Ghost Group is a venture capital firm based in Newport Beach, California. It focuses on developing consumer and enterprise businesses in the legal marijuana industry. Founded in 2012. »
»Ghost Group is an operating company focused on the emerging marijuana sector. Ghost Group wholly owns and manages the largest and most recognized marijuana websites in existence, including Weedmaps.com & Marijuana.com. We’ve been active in the medical marijuana industry since 2007. »
Founders: Justin Hartfield, Doug Francis.
More info: White Papers, Emerald Ocean Capital.