You are here
Home 🌿 Marijuana Business News 🌿 Inside look at what's creating a buzz at marijuana business conference 🌿News Categories
Inside look at what's creating a buzz at marijuana business conference
Las Vegas is the center of the cannabis industry this week. The marijuana Industry Conference is at the Las Vegas Convention Center through Friday, and the gathering of attendees so far has been record-setting.
A total of 30,000 vendors, business owners, and investors flocked to the convention to see what will be big in 2019. "I spend a lot of time in D.C. and I can tell you the tide has turned," said Brady Cobb, the CEO of Sol Global Investments.
Cobb's firm just made a nine-figure investment to get into the medical marijuana industry in Florida. He said their investment was a no-brainer.
"This is the fastest-growing industry, arguably, in the United States, arguably in the world, now with Europe opening up," Cobb proclaimed. "You don't see this many people waiting in line for all of this time to get in with a lot of suits and ties for an industry that's not really running."
Industry insiders say a lot of that money will go towards tech upgrades at cultivation facilities to maximize how much marijuana is grown. That includes "smart" growing systems like the one by Urban-Gro, which tracks a number of conditions minute-by-minute on a plant-by-plant basis.
"The operating system makes a decision, send water out, irrigate, increase the fan speed above only those benches that are affected, decrease the light levels only over those benches," said Brad Nattrass, CEO of Urban-Gro. Along with consolidation and new tech, pot lounges are right on the cusp as well.
Priscilla Vilchis is awaiting a license for a lounge she has in West Hollywood. She says she plans to diversify what is now just a cultivation and production business here in Nevada.
"It'll probably be first in the City of Las Vegas, they're working out the details as we speak, so we definitely plan on applying as well in our home state," Vilchis said. With the latest state tax revenues reaching record-highs, growth will continue to be a theme in Nevada for 2019.
The marijuana business convention continues to expand as well. It's already the largest cannabis industry conference in the world, and next year, organizers plan to take up a second hall at the convention center.
420 Intel is Your Source for Marijuana News
420 Intel is the leading source for cannabis news from around the world. Get the latest updates on cannabis legalization, politics and technology, as well as developments in medical and recreational marijuana news. Our commitment is to bring you the most important cannabis news stories every day of the week.
At 420 Intel we understand that effective marijuana industry news coverage is a constant endeavor. Every day stories develop regarding cannabis legalization, technological developments, and the medicinal benefits of marijuana use. Each new development carries the potential to impact the marijuana industry regionally, nationally, and internationally. 420 Intel is the marijuana industry news outlet that will keep you up to date on these developments and how they impact the world around you.
With the marijuana industry constantly evolving, you need a cannabis news outlet to keep you abreast of the pertinent information. At 420 Intel, we cover marijuana legalization news throughout the world, offer reliable information for cannabis business owners, detail technological advances that impact the marijuana industry, cover marijuana rallies from across the globe, and everything in between.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.