Originally published in Entrepreneur Magazine

By Jeff Beverly

With four years of legal cannabis under our belts here in Colorado, we’ve seen some fortunes created by bringing an enormous black market online as a wholly new and regulated industry. For those that are considering the opportunity created by Election Day legalization in their home state, we can point you to some interesting business ideas.

From edibles to security, the U.S. cannabis industry has opportunities for entrepreneurs and investors with the skills that can grow the business to $50 billion within a decade.

U.S. legal cannabis sales jumped 34 percent to $6.9 billion in 2016, according to ArcView Market Research. The research firm forecasts legal sales growth of 26 percent annually for the next five years, bringing the market to $21.6 billion by 2021.

It’s easy to see where that growth will come from, following Election Day victories…

Read the full article at https://www.entrepreneur.com/article/288432

Commentary by Jeff Beverly, president of Grow Solutions Holdings Inc., a firm that invests in cannabis-related verticals, including cannabis-garden suppliers and a cannabis job-placement website.