Bruce Nassau made his first fortune in the cable television industry in Colorado. Now he sees opportunity in the legalization of marijuana.
He and his partners have four shops with about 75 employees that serve recreational and medicinal users, with a fifth for retail only opening this week. He expects to have about 90 workers total by January.
Nassau, 61, is also consulting and partnering with entrepreneurs hoping to get into the medicinal industry in Illinois and Nevada, where he sees “enormous upside opportunity.”
Voters in Alaska, Oregon and the District of Columbia on Nov. 4 approved legalization of pot for recreational use, following Colorado and Washington in 2012. Legal recreational sales began in both states this year. Medical marijuana, which Florida failed to approve that day, is allowed in 23 states and also is creating legitimate business ventures and jobs amid the patchwork of regulations.