There may be no hotter investment theme today than so-called pot stocks – companies that are involved in the burgeoning legal marijuana business. There’s green gold growing on hills all across America and there are plenty of entrepreneurs who want to make sure their product is the best. One approach is to mess with the cannabis plant’s DNA (yes, you know, genetically engineer better strains – sound familiar?).
Daniela Hernandez reports how genetics is reshaping the marijuana industry for Fusion:
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Every morning, Josh Chase makes his way from Goetz House, a yellow-and-white cottage in the middle of nowhere Washington, past a makeshift 8-foot “security fence” built from square-cut pieces of lumber and black plastic tarp, down to the greenhouses. A sign hangs on the fence: “PERSONS UNDER 21 NOT ALLOWED ON THESE PREMISES.”
He’s on his way to tend his buds. At 25, Chase is the second oldest of four recent college grads who co-founded Amerifarms, a marijuana startup headquartered in Washington’s “Kush Valley.”