On Tuesday, I wondered aloud who was ready to make some money if medical marijuana becomes legal in Florida after November's vote. There was only one corporation with "marijuana" in its name listed in the state so far.
Since, then I heard from a few others who said they're waiting to see what happens with the vote or that they are purposely registering under names that don't have "marijuana" in the title because in other states that have legalized weed, it's been hard for pot businesses to get bank accounts. (While "drowning in cash" sounds like a great problem to have, there are crazy security concerns.) Don't worry, though -- pot entrepreneurs are out there salivating.
One man, Jeremy Bufford, proprietor of Medical Marijuana Tampa, has already pounced. He is preparing to open a chain of 15 dispensaries with a quality-control lab and next week will launch his school for medical marijuana workers and entrepreneurs. He has already hired five people and expects to hire 350 more, plus trigger a mini-real estate boom assuming the initiative passes and he signs leases on the properties he's already scoped out. His website is already advertising for 15 positions from "lead botanist" to "delivery driver" to "executive chef" to "professor of cannabis."
I spoke to Bufford at length about his preparations and predictions for the medical marijuana industry in Florida: