Today I am in Los Angeles, searching for exciting
water-related investment opportunities. I liken it to a wild boar hunting for
truffles in an oak forest. It goes without saying that I am the boar (bore?) and
the deals are the truffles. It is hard work snuffling around in the dirt,
sniffing out deals, but the tingle of excitement when one come across something
new is simply glorious.
My wild boar has just come across a patch of magic mushrooms.
Following a recent change in legislation it is now legal to
smoke, grow and sell of marijuana in the state of Colorado. Apparently, growing
marijuana is quite difficult. It requires a complex mix of light, heat,
nutrients and (crucially) water. Get the balance wrong and the
plants won’t grow. Get it right and the yields increase 10 fold.
This change in legislation has resulted in a flurry of
entrepreneurial activity. Forward thinking businessmen are racing to construct
massive, industrial scale marijuana farms to serve the new ‘retail weed’ market.
For some time now I have been keen to identify an agri/water
investment opportunity. Something tells me this is not it. I am trying to
imagine the looks on the faces of my Investment Committee as I outline the
marijuana/water deal.
In my mind’s eye I can’t quite see what they are doing…. Oh
yes I can, they are signing my leaving card.
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