Colorado Cannabis CEO Encouraged by New Institutional Investor Interest in the State’s Legal Marijuana Industry

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Ryan Fox, founder and chief executive of Denver-based Kindman, says word that more investors are seeking new opportunities in Colorado’s legal marijuana industry bodes well for the sector’s well-established companies

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The marijuana sector has not been properly evaluated by investors and certainly isn't being evaluated like other traditional businesses, although it should be.

More institutional investors are on the move, and looking to take part in Colorado’s burgeoning cannabis industry.

On Monday, Houston-based Taylor Consulting announced that representatives from Third Avenue Development, the firm’s recently-created real estate investment and development division, were traveling to Colorado this week; to explore investment opportunities in what the company calls “the fastest-growing industry in the United States.”

A company also quoted a recent Washington Post analysis of Colorado tax data, which determined the state’s legal marijuana industry reached a $700 million valuation last year.

"Colorado represents the cutting-edge of this nationwide industry," Taylor Consulting CEO Scott Wheeler said in a press release.

"There's currently a major shortage of suitable commercial real estate for the industry,” he continued. “We're making it a priority this year to build up our portfolio of cannabis-friendly properties in Colorado and other emerging markets, potentially exposing our investors to the historic growth in value that this sector is experiencing."

And Taylor Consulting’s announcement validates what many working in the legal cannabis have known for some time, said Ryan Fox, founder and CEO of Kindman Cannabis – one of the oldest and biggest legal recreational cannabis producers and distributors in Colorado.

“The marijuana sector has not been properly evaluated by investors,” he said, “and certainly isn’t being evaluated like other traditional businesses, although it should be.”

While investment in brick-and-mortar assets like grow facilities and dispensaries are important, “what sets these cannabis companies apart is the value of their intellectual property,” Fox added, “things like their experience with cannabis production and manufacturing, as well as tangibles like logo, branding and company name.”

Along with his own operation, Fox pointed to two other Denver-based businesses -- marijuana infused drinks-and-edibles producer Dixie Elixirs and O.penVAPE, a leading manufacturer of cannabis oil vaporizers – as examples of companies that have succeeded in standing out and making a name for themselves in what has already become a very competitive legal cannabis market.

“You’re seeing companies that could be worth ten times their current evaluations within the next five to ten years,” Fox noted. “The (investment) entry point is about to go to a whole new level; where people will no longer be able to step in and start even as a mom-and-pop store without having some substantial funds behind them.”

And, according to Fox, those pioneering marijuana companies that can succeed in having their brands and products stand out in the current legal cannabis market have a better chance of succeeding as the market changes and evolves.

Established in 2009, Kindman provides customers with an unmatched cannabis product – grown in Colorado state-regulated facilities at indoor locations, using a customized process that combines food-grade nutrients and a unique soil mix that brings out the plant's best features. Close attention is paid to product cleanliness, quality, curing and processing.

Since the January 1, 2014 start of legalized sales of recreational cannabis to adults in Colorado, Kindman has provided high-quality marijuana flowers to tens of thousands of customers from over 100 countries.

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Tags: Marijuana, cannabis, dispensary, Colorado, marketing, packaging, branding, advertising, investment, investing, institutional investment, Ryan Fox, Kindman

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Bruce Kennedy
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