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Dayton: Pot Next Great American Industry

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  • Description

    Arcview Group CEO Troy Dayton on the growth of business around legal marijuana.

  • Duration 3:08
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-- is now legal in Washington and Colorado that means a lot of people are looking for ways to make some money and it invests in the -- business.

-- got a guest with me today is gonna tell us how you do that how do you invest in legal -- his name -- Troy Dayton he's the CEO all.

-- view group -- welcome to the program I want to run through this because.

-- nail -- down.

Can you invest in the paraphernalia which pot smokers use can you invest in the growing equipment that Paul people's views Kenya.

Absolutely.

Mark Twain had a great -- he said when there's a gold rush on its a good time to be in the pick and shovel business yeah and that that's exactly what's happening right now with a -- of this industry particularly given that.

-- -- this is still federally illegal.

Now hasek control kept it when when we talk about paraphernalia and the growing equipment 400 phonics yes all that companies.

Publicly traded companies that I pupil money directly into all that.

It's sort of -- in the public companies in this space are pink sheet companies that are largely you know non reporting companies so it's kind of a Dicey proposition there.

But but gathered there are some there are some -- that people are are are making in that space but I think that the real action.

As is often the case in in new industries.

Is in private companies you know accredited investors investing doing Angel Investing and that's why we have a an Angel investor network that's what you do is looking to put 25000.

To.

A million dollars into.

An early stage companies is -- really where I think.

That the but the best opportunities are in the -- that's what you do.

You accumulate money you know the industry you allocate that money into areas which you think will grow with economist -- and that's essentially what Troy Dayton does correct.

Sort of my I run an Angel investor network which means -- bring together high net worth individuals people that represent venture capital funds.

And that people and industry leaders in this space who are looking to invest.

Money and then we bring companies to come in and pitch them.

So I don't hold range there I've heard some horror stories about people going to Colorado thing though it's legal so they -- -- upon shelf.

They haven't a clue what they're doing they have no business sense whatsoever.

And having to I mean most of mill apartments -- -- all the time that that -- that a clue about profit and loss.

Is that what you find him.

This this industry is very fragmented there's a lot of opportunity here that the marketing.

-- branding.

Barr is pretty low it's it's a really huge opportunity but you're absolutely right.

People are getting excited about the hype and -- jumping into things without necessarily.

Looking at all of the risks nominee there's a real good reason I mean this is definitely gonna be the next great American industry there's no doubt about that the next filibuster address public opinion -- -- -- -- our next great American industry.

And yes OK -- -- -- related that Troy Dayton -- -- nice idea was the only other option I don't.

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