Nevada is often mentioned as one of the more attractive opportunities in the medical marijuana space. Our webinar with Rob Hunt, President of GrowLife Hydroponics (PHOT) earlier this week confirmed this. For those who missed it, the presentation and Q&A or a 8-minute synopsis are available at your convenience.
Greg Obbink is like many young entrepreneurs chasing the Green Rush. He and his company Lvl Up Management, where he serves as CFO and Chairman, are pursuing the opportunity in Nevada, and I thought his perspective could help us to better understand the landscape. Please note that while his company is pursuing capital, this should not be construed as a solicitation in any manner. The interview closes with Greg's contact information should you wish to learn more.
How did you get involved in the medical marijuana market?
The excitement of anew sector being added to the economic system is the primary reason why the consideration was made to actively pursue such a venture. Any time such a change takes place, it offers such an opportunity for a much smaller player to enter into a market and become highly successful. As industries form and plateau, economies of scale take place and usually create a significant difficult barrier of entry. Another reason why our group is pursuing such a venture, is the oligopolistic market that is essentially being created by the State of Nevada by placing a numerical limitation on the amount of dispensaries allowed to operate. We believe that entering into such a market will allow us to specifically define our competition and through proper strategical measures become an industry leader early on.
Tell me more about your company and the other people involved?
Lvl Up Management Group is an asset management and business development firm. The two companies that we are ...
