http://www.reuters.com/article/2014/...0F700I20140702
The biggest problem faced by companies like this has been extremely poor executive stewardship (go figure), which has pretty much killed any chances for a large enough influx of investors to give the market any serious traction and presumably political sway.Former New Mexico Governor Gary Johnson will serve as president and CEO of a Nevada-based company working to develop marijuana products for sale in states where the drug is legal, such as Washington and Colorado, he said on Tuesday.
For the first time, a proven businessman (and former governor) is taking the reigns in an extremely risky market. This is also happening during a major acquisition that could be the first of many that will finally get the ball rolling towards larger, better organized firms.
Thoughts? This story was a funny surprise to see this morning