WebJoint — Everything You Need To Know About Investing in the #1 Cannabis Logistics Software Startup
Updated: Aug 3
is cannabis startup might be a game-changer.
Marijuana is one of the most controversial investments out there. Not necessarily because of the plant itself, but because it has the potential to make you incredibly rich… if you can time it right. The U.S. has held marijuana illegal for decades because the same people that started the failed War on Drugs are the same ones still in office and refuse to swallow their pride and admit they were wrong. I am also guessing private prisons are paying big money to make sure it doesn’t go away because it helps their bottom line.
Fortunately, many states have been slowly rebelling. Nearly every state allows CBD use and Marijuana for medicinal purposes. We’re also nearing about half the states allowing it for recreational use and slowly creeping towards sanity.
Personally, I don’t plan to use CBD or marijuana products, but I work in the legal field, so I have lots of issues with the failed war on drugs and issues with mass incarceration. However, if it’s something that can change lots of people's lives for the better AND make me some money, all the better.
With that out of the way, let’s talk about WebJoint.
What is WebJoint?
WebJoint launched in 2017 and is already a leader in the cannabis delivery software field. One thing I like about them is they have several different platforms, which means they can capitalize on several markets within the cannabis industry. They have a “direct-to-consumer” platform making them similar to an “Uber Eats” for Cannabis while maintaining compliance. They also have their logistics “e-commerce and inventory management” that is focused on the business side of things and allows individuals to get sales reports, ensure compliance, manage inventory, track drivers, and more.
Industry - 2/10
As I briefly implied earlier, they are in one of the worst markets I can possibly think of. While the CBD and Marijuana markets are surely poised for growth, the regulatory hassles vastly outweigh that. Marijuana is heavily taxed, heavily regulated, and constantly changing, and given the current political environment, it’s unclear when any of that will change. Even if it is legalized across the country, it will likely be subject to initial heavy regulation and taxes at both the state and federal levels. Further, some states regulate marijuana but grant limited licenses and monopolies to certain governments and a host of other issues in the space.
It’s incredibly unprofitable, and the regulatory landscape makes this a nightmare. The only reason this gets a ‘2’ instead of a ‘1’ is that WebJoint isn’t directly affected by the taxes or lack
of profitability aspect of this. They provide software for delivery, logistics, and management, so their products aren’t getting directly taxed. There are still lots of issues, but one of the reasons I like them is they can profit from the massive growth of the weed and CBD markets without having to worry about many of the issues that come from the heavy regulation.
On the bright side, many states are just recently legalized marijuana, and the government is slowly coming around to it. Over 20 states have fully legalized marijuana for recreational uses, and only 4 states have it completely banned, including CBD and THC products. Only 7 states have it banned but allow CBD only, and the rest are somewhere in between it being decriminalized, medicinal only, or varying levels of legality. This includes New York’s recent full legalization, which presents a similarly massive market like that of Califo