Conshohocken Investor Gets on Legal Marijuana Train

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Nine states will be deciding on legalization of marijuana come Tuesday, a fact not gone unnoticed by Conshohocken investor Lindy Snider, daughter of Comcast-Spectacor chairman Ed Snider, according to staff reports from Reuters and Fortune.

Lindy Snider
Lindy Snider

Snider has joined a slew of companies that have started to invest in medical marijuana, a market that is expected to reach $50 billion over the next decade.

However, instead of investing directly in marijuana cultivation and sales, investors are funding ancillary products such as fertilizer, grow lights and software and payroll services to minimize their legal risks.

Snider has already invested funds into startup Kind Financial, along with an even more famous name, Microsoft, to fund the development of compliance software to provide government regulators with a way of tracking marijuana sales from farm to market.

Read more about this ground breaking startup at Fortune by clicking here.
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Top photo credit: snakegirl productions Kush Tour Seattle via photopin (license)

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