The legal cannabis market continues to represent the dot-com era. Plenty of opportunity remains. The state of Connecticut recently joined 17 other states in legalizing the sale of recreational marijuana. So there seems like plenty of potential for growth. But at the same time, California’s legislature approved $100 million to bail out the state’s dispensaries.
So some cannabis growers might be the next Amazon, but many will be the next Pets.com. The difference will likely come down to basic business practices like controlling costs. Electricity is one of the biggest costs for a marijuana grow facility. In fact, one study showed Colorado’s cannabis growers used more energy than its mining operations.