The Future of Cannabis Retail
This is My Next Marijuana Investment
I’ve been in the cannabis game for about four years now.
And I’ve made a ton of money.
I don’t say this to chest-pound, by the way.
This is merely an observation of truth, and a reminder to those who are looking to profit from the burgeoning legal cannabis industry that if you follow my advice, you’re likely to do very well.
Just ask those who took my advice to buy Canopy Growth Corporation (TSX: WEED), back when it was trading for just $1.60 a share.
Today, WEED trades for more than $27.00 a share.
That’s a gain in excess of 1,600%!
Or consider Aphria, Inc. (TSX: APH), which I recommended to my Green Chip Stocks members back in 2016, when it was going for about $1.15 a share. Today, APH is trading around $10 a share.
And those are just two of more than a dozen double-, triple-, and quadruple-digit gains we’ve pulled in from the legal cannabis space.
And we’re not even close to being done yet, either.
THIS is the Future of Retail
While we’ve done quite well investing in cannabis producers, we’re also gaining exposure to and profiting from edibles manufacturers, real estate companies that specialize in cannabis-related properties, and even new retail opportunities.
One I’m very bullish on right now is a company called The Peak Beyond.
The Peak Beyond is an interactive media company that has created a “smart table” for retail that engages and educates customers in novel ways while capturing sales, collecting data, and promoting maximum sales flow and efficiency.
In other words, this company has built a machine that allows dispensary owners to make more money. It’s really that simple.
Now, when I first saw this smart table in action, I was impressed. It offers the customer an interactive experience and a level of convenience that simply can’t be matched by waiting in line for the next budtender to take your order.
But it’s when I saw the data on how this table increases sales that I got really excited.
In early demos, data showed that this smart table can triple sales per square foot. This is a huge deal, particularly for dispensaries that struggle with very tight margins.
In one of its initial demos, every customer who interacted with the table said they were more likely to purchase items that they learned about through the table. Products that would usually sell once every three days sold five times in one day when featured on the table.
I’m not saying the smart table would make budtenders obsolete, but the system does allow dispensary owners to minimize its staff costs, which, due to federal law, are non-deductible.
One employee typically costs between $28,000 and $35,000 a year. The smart table costs $6,000 a year. This ain’t rocket science, but the technology is far more advanced than anything else currently available in retail today. And that’s retail in general, not just in the cannabis space.
While The Peak Beyond is making its name in the cannabis space, this technology is also being adopted by restaurants, bars, and breweries.
The company even did a deal with Pepsi (NASDAQ: PEP), where the soft drink giant commissioned a smart table for a “future of food” event as part of the Milan International Art and Design Fair.
This is not some random cannabis start-up looking to make a quick buck from legalization.
This is a future tech giant that’s getting its start in cannabis but really represents the future of retail transactions and interactions.
You can read more about The Peak Beyond here.
To a new way of life and a new generation of wealth...
@JeffSiegel on Twitter
Jeff is the founder and managing editor of Green Chip Stocks, a private investment community that capitalizes on opportunities in alternative energy, organic food markets, legal cannabis, and socially responsible investing. He has been a featured guest on Fox, CNBC, and Bloomberg Asia, and is the author of the best-selling book, Investing in Renewable Energy: Making Money on Green Chip Stocks. For more on Jeff, go to his editor's page.
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