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The Most Experienced Guy In Cannabis Has a Warning for You

Investor and business owner Steve DeAngelo says there's plenty of opportunity in cannabis -- but there are also a lot of entrepreneurs about to lose their money.

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This story appears in the November 2018 issue of Entrepreneur. Subscribe »

With his hippie pigtails and smart suits, Steve DeAngelo perfectly embodies the split in today’s cannabis industry. He’s an old-school activist and advocate who joined the cannabis reform movement in the 1970s, attending July Fourth smoke-ins in front of the White House and traveling the country to spread the word on the healing powers of weed. But he’s also a canny businessman with an expert read on the marketplace, which led him to begin with a profitable hemp company and later open Harborside Health Center, one of the largest medical marijuana dispensaries in the world. His most recent venture is Arcview Group, an angel investment company focused on cannabis entrepreneurs. Here, he talks about where the industry is, where it’s going and what entrepreneurs can do to get in on the so-called Green Rush.

Jamie Soia

Related: 7 Hottest Jobs in the Cannabis Industry Right Now

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