LOS ANGELES (Sept. 7)—The Marijuana Show, the first-ever reality show about investing in the Cannabis industry, is coming to the Cannabis World Conference & Business Expo in Los Angeles in search of the next Marijuana Millionaire. This hit show landed on Amazon Prime and was coined, “Shark Tank for Pot” by CNBC, and with over $18 million offered by accredited investors over two seasons, WSJ exclaimed, “They Smoked Shark Tank.” For Season three, producers are projecting to offer $20 million in capital, through investors, crowdfunding, and a private equity fund called “High Finance Fund,” according to a press release.
The green industry in California alone has a projected value of $7 billion, and state and local governments could eventually collect $1 billion a year in taxes. Karen Paull, producer, said, “We are interested in the LA market. The conference brings together highly competitive and disruptive cannabis businesses and we believe we may find the next marijuana millionaire to be on the show.”
Wendy Robbins, producer/director, said, “We are excited to partner with the Cannabis Expo to support the industry, connect with investors and to cast one more California company. We believe once California goes recreational in Jan, 2018, this will be the largest market in the USA.”
The successful “Shark Tank for cannabis” series profiles a group of ganjapreneurs seeking capital and mentorship. The show's producers are considered two of the top 50 women in cannabis. They coach contestants in a Boot Camp, aka “Bud Camp,” to help companies get investment and mentorship, and provide an excellent marketing and advertising platform for any cannabis company that wants huge exposure and reach.
Season 3 shoots in Taos, New Mexico, November 1st to November 7th. Two contestants on the show include California based companies, Spare and CannTrade.
D’ontra Hughes, founder and CEO, states, "SPARE: A virtual financial services platform that drives foot traffic, sales and revenue to local retailers whilst solving many of the problems with banking. A platform for disadvantaged communities such as the unbanked/underbanked and cannabis dispensaries to get financial services as cheaply and efficiently as possible."
Mark Restilla, Co-Founder of CannTrade states, “CannTrade is a secure wholesale cannabis marketplace & CRM designed to promote trade and help businesses grow. The marketplace allows verified buyers and sellers to transact directly, while data analysis, lead generation, and client management tools help businesses increase their bottom line.”