The Best Industries For Starting a Business Right Now

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Medicinal Marijuana Retailing

With the sale of marijuana for medicinal use legal in nearly one out of three U.S. states, and California considering total legalization, pot's cultural tide is rising. So is its business side. California's biggest dispensaries are starting franchise operations and establishing branding. There's an emerging industry trade show and a lobbying, marketing, and consulting firm strictly for cannabis in Oakland, California. Harvard Economist Jeffrey Miron in a February 2010 paper estimated the market to be $14 billion. Others have pegged the medicinal retail market at $10 to $40 billion, based on usage, demand, and pricing data.