Drug money: The dosh in dope

The US's legal marijuana industry is creating an excitement among investors and start-ups not seen since the first dotcom boom. Could the UK be next?

by Oliver Bennett

A 'bartender' is talking to a customer - but he's not serving drinks. For this particular assistant is at Medicine Man, the biggest cannabis dispensary in Denver, Colorado, where an ordinary retail scene is made extraordinary by the wares - unmistakable packs of cannabis, both for medical and recreational use.

The booming dispensary is part of the US legal marijuana industry, now undergoing a vertiginous spike that is being called the 'green rush'.

'When we sold only medical cannabis, we were getting 100 people in a day,' says Elan Nelson, head of business development at Medicine Man. 'Since January, we've been able to sell recreational marijuana and it has shot up to 300 a day.' No wonder cannabis is the talk of America's business community and British cannabis advocates are looking closely at developments. There's hope in dope.

Sign in to continue

Sign in

Trouble signing in?

Reset password: Click here

Email: mtsupport@haymarket.com

Call: 020 8267 8121

Register

FREE

  • Up to 4 free articles a month
  • Free email bulletins

Register Now

Get 30 days free access

Sign up for a 30 day free trial and get:

  • Full access to managementtoday.co.uk
  • Exclusive event discounts
  • Management Today's print magazine

Join today