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Pot Is Golden in California

In the Golden State, marijuana is big business, and perceived risk and uncertainty means opportunity for smaller investors to take part.

Adam Bierman still sounds incredulous as he recounts his initial plunge into California’s medical marijuana business. A former college baseball player who had never so much as taken a toke, he found himself in his apartment surrounded by 20 pounds of weed sealed in Ziploc bags.

“I was looking at my wife, like, ‘What have we done?'” recalled Bierman, before stuffing the marijuana into garbage bags, depositing it in a bicycle basket and pedaling the merchandise to the pot shop he and his business partner were about to open in the seaside community of Marina del Rey, west of Los Angeles.

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