The Dallas-Fort Worth business opportunities within the budding cannabis industry could turn out to be be really “Kush” or a bunch of seeds and stems.
A panel of experts discussed medical cannabis and its impact on the local business community Thursday morning at the Dallas office of Munsch Hardt. The panel included Munsch Hardt attorneys Richard Cheng and Caleb Trotter, Martin Ray partner Zach Martin, and Patrick Moran, CEO of Texas-based cannabis company AquiFlow. The overarching message: Those that get into the industry early could get the largest return in a long-term investment if they’re willing to bet on the uncertain regulatory future.
“Do not build a short-term business model,” Moran advised about 50 people who attended the panel. “Pinpoint something that’s going to be profitable even if cannabis doesn’t take the turn you want.”
If Texas eventually loosens its regulations, real estate professionals could be some of the first that would benefit from the burgeoning cannabis industry estimated to be worth $25 billion in 2025, panelists said. And one company, based in Addison, is already counting on capitalizing on Dallas-Fort Worth’s cannabis real estate market. Grupo Resilient International Inc.—an Addison-based holdings company that focuses on real estate, infrastructure, energy, wellness, transportation, and data—acquired a 31,000-square-foot office and warehouse in the region in anticipation of the legalization of medical cannabis. The facility will