Marijuana Snacks Are Legal Business for This Company
Remember, pot-laced brownies?
Now, variations are sold by the medical marijuana food company Dixie Elixirs, which makes medicated cookies and chocolate truffles and a list of other products that it sells to clinics in Colorado for patients in physical pain.
“We manufacture THC-infused sodas and other edibles for medical purposes,” the company's managing director, Tripp Keber, told CNBC Tuesday.
By law, Colorado-based Dixie Elixirs can sell its products only in the state. It also sells a line of THC-laced beverages and other snacks, such as taffy chews, pound-cake and cheesecake bites.
THC, which stands for tetrahydrocannabinol, is the ingredient in marijuana, or cannabis, that relieves pain.
Colorado is one of 14 states that have legalized marijuana for medical uses. The District of Columbia is also part of that group. Arizona is the most recent to join in; voters approved medicinal pot there several weeks ago.
For investors, the question is, can this company grow when it's limited to business in only one state?
Keber says yes.
Far out! Er, how far out?
Paraphrasing an economist's report, Keber said it will be a multimillion dollar business in 2011.