Cannabis presents a huge opportunity for transportation and logistics firms willing to navigate the chaos of an emerging market, a leading cannabis economist said.
“Because this is such a nascent industry, there really are no rules and regulations, or they are based on precedents of other industries,” said Beau Whitney, a Portland-based senior economist with New Frontier Data, a cannabis intelligence firm.
“So for those who are first or second movers in the logistics space, they have an opportunity to interface with legislators and policy makers and help define the industry while it’s still being developed.”
Whitney himself has ridden the cannabis wave to career success. A former high- tech business analyst, he got into the industry five years ago, after a student in an economics class Whitney was teaching at the University of Phoenix asked him about the size of the cannabis market.