If the industry does take off and other states start legalizing cannabis, these domains are going to be a very valuable commodity. Investors who are snatching them up now while they're cheap are doing the smart thing.
Bellingham, WA (PRWEB) October 10, 2013
Washington-based online marketing firm THC Media Group has announced the availability of a large collection of geographic domain names for entrepreneurs who are gearing up for the legal cannabis industry in Washington and Colorado. These geographic domain names are listed by city and state at THCdomains.com.
The website reads, "For many cities in Washington and Colorado, we own all of the relevant keyword variations involving 'marijuana' and 'cannabis.' By controlling all of the domains for your city, you can feel secure that your competition will not encroach on your brand." For entrepreneurs who are not ready to invest in the purchase of a domain, or start-ups who are in the process of seeking funding, THC Domains also offers the option of reserving domain names for a particular city or region for up to 4 months. This process involves a down payment (which varies by city) in exchange for a contract stating that the domains will not be sold or leased to anyone other than the reservee until a specified date.
Noel Abbott, the company's founder and CEO, was interviewed by Michael Cyger of DomainSherpa.com in August about his company's collection of domain names. Since then, THC Media Group has continued to expand their inventory and build relationships with domain collectors who have partnered with the company to broker sales and auctions of their domains. Abbott says, "A lot of people ask me to appraise their collections, but it's hard to put a value on cannabis domain names due to the uncertain future of the industry. However, with the federal government's recent announcement that they won't challenge the initiatives in Washington and Colorado or the medical cannabis laws in other states, I think there's a growing trend of optimism. If the industry does take off and other states start legalizing cannabis, these domains are going to be a very valuable commodity. Investors who are snatching them up now while they're cheap are doing the smart thing."
In addition to the recently-announced geographic domains for cities in Washington and Colorado, THC Domains offers a growing selection of keyword-specific and brand-name domains pertaining to the cannabis industry. THC Media Group also provides online marketing services for cannabis start-ups in the recreational and medical industries, ranging from website and brand development, to search engine marketing, to email and social media marketing. The company was founded in 2013 and is based in Bellingham, Washington.