Identifying Economic & Regulatory Opportunities

Regulatory
1) South Carolina introduced a new bill that could legalize the medical use of marijuana at the beginning of January. While, it is still being voted on, the approval of this bill can create significant waves. Currently, all hemp growing and sales are illegal in our state. If this bill is approved it can create a massive opportunity for many related businesses. It would allow for CBD products to be created without repercussions. It would also create medical marijuana dispensaries. For those that can get the diagnosis, they will need medical marijuana cards, places to purchase it regularly, and accessories to use it. For those that can't use it, they could still purchase and use CBD products legally. This would also be another massive market that companies already exist in locally, but are technically operating illegally and are importing the products from other states. The ideal customers will be people that can get a diagnosis for medical marijuana- high anxiety, high stress, seizures, PTSD, and many other issues. The other market will be people that don't want to smoke marijuana or can't get a diagnosis, but still want the benefits. Those people will be able to purchase CBD products. Both customer types would have to be over the age of 18. This opportunity has been proven in other states and while legislation is being considered there is an opportunity for people to begin preparing for the law to be passed. You can create all of the branding and marketing materials needed for the new product, look at where to source the plants from, prepare packing and distribution options, and essentially set up the business minus signing a lease for a retail space. I have experience helping to start and create CBD companies as well as launching the marketing for over 350 companies as well as starting my own companies.

2) More criminal records will be erased in South Carolina if applied for. SC approved legislation allowing more criminal offenses to be expunged if applied for by criminals. They did this to attempt to increase the pool of candidates for hire in the state. The ideal customer this will affect will be individuals with criminal records with first time drug charges and closely related charges. This creates an opportunity to create a company with an attorney that just focuses on assisting individuals filing to request for expungements. The legislation also protects employers that elect to hire individuals with an expunged record. I have experience in this from working with clients that are staffing companies as well as working in law enforcement and understanding how people get charged for crimes.

Economic
3) The forecast for the year is that there will be sustained increase in economic growth and consumers will end the year with improved balance sheets according to the Washington Examiner. This creates an opportunity for businesses to capitalize throughout the year on improved retail and services sales as well as a rise in real estate values. Through this increase it provides the opportunity for people that are purchased their homes during the recession to potentially sell for a premium value before we experience the next economic decline. I have experience from this from watching the market and others around me prior to 2008 when we were experiencing continued economic growth. I had to watch so many homes go on the market after 2008 from the massive declines in value and large amount of foreclosures and was not able to take advantage of the opportunities when prices were at the lowest with the lowest interest rates. Anyone that was able to, could sell now when everything is at a high and make a profit.

4) Many of the financial heavyweights believe that a recession is possible within the next 2 years. They fear that it could be a global recession as there appear to be many cracks developing within the global markets. Should one occur, it will likely impact everyone across the globe again. While those would seem to not be ideal times to exploit opportunities, they often are. They force companies to look at every area of their operations to cut costs, opening opportunities for automation companies and robotics. A recession also opens opportunities for individuals seeking alternate forms of income, which allows for exceptional growth in network marketing companies. I was able to launch a very successful networking marketing company during the recession, primarily because people desperately needed additional income and the only way to do so without adding extra jobs were to help people through network marketing.