5 Reasons You Should Speak to a Financial Planner

Planning and balancing your finances are always difficult tasks, so in many situations, it makes sense to hire a financial advisor to help. A good financial advisor will help you makes sense of your incomings and outgoings, along with being able to provide you with valuable advice for reaching your savings goals, whether you are putting money aside for a rainy day, hoping to purchase a property, or want to grow a trust fund for your children. Here are some of the main reasons to consider working with a financial advisor. 

#1. Determine Your Personal Financial Status:

Your financial status is calculated by several different factors, such as your total net worth, your credit score, and your other assets and liabilities. Do you have a savings reserve or are you paying off debts? Do you have sufficient insurance cover? Meeting with a financial advisor will help you review where you stand in terms of your money and see where you will be able to make improvements for the future. 

#2. Preparing to Invest Your Money:

Are you interested in investing your money? Perhaps you are wanting to make even more from a recent windfall or are interested in growing your regular salary through investments on a regular basis. Speaking to these investment advisors in Minneapolis will help you determine the right route for you to take when it comes to making investments, help you better understand the process for the type of investments that you are hoping to make, and work out an investment budget that’s right for you. 

#3. Determine the Right Budget for You:

Visiting a financial advisor isn’t just about the bigger financial decisions in life. You can also benefit greatly from meeting with a financial professional when it comes to planning your budget and managing your money better. If you are struggling to make ends meet or simply want to make your money stretch further so that you’re able to save more, speaking to a financial advisor can certainly help. 

#4. Plan a Retirement Strategy:

If you want to enjoy a good retirement, then you should start putting money away for it earlier than you may have realized. In fact, most financial professionals recommend putting money aside for your retirement in your 20’s. And, since there are always unexpected and emergency expenses to consider, it’s understandable that many people worry that their retirement funds will not be enough to live on. Meeting with a financial advisor will help you deal with any worries that you have regarding retirement funds and help you put together a solid plan for your post-work future. 

#5. Plan a Strategy to Provide for Your Family:

Finally, if you’re expanding your family, meeting with a financial advisor is a great idea in order to help you provide for those you love the most. Maybe you are considering the idea of putting money into a trust fund for your children or saving up towards funding their college education; meeting with a financial advisor can help you with this. 

Why would you schedule an appointment with a financial advisor? We’d love to hear from you in the comments.

4 Ways to Communicate Effectively in the Workplace

Communication is one of the most common soft skills that employers and employees value. We all know that things would work better if we could communicate better, listen more, explain things more clearly, and so on.

Of course, communication is very important at work, but how can we really improve it? We’re glad you asked.

Below are four habits of effective workplace communication. The first two are simply verbal communication skills, but the second two include technological tools like group texts. The best way to achieve optimal communication in the workplace is to incorporate both methods into your day-to-day workflow.

1. Make Communication a Two-Way Street

There are few habits that stifle communication more than a lack of effective listening. Practice putting away all distractions when someone is telling you something important—or not important! Get your cell phone completely out of sight, for example. Look your coworker in the eyes.

Now and then, say something specific that you are understanding from what your coworker is telling you. That will show that you’re listening, and let him or her clarify if you misunderstood.

We misunderstand each other more often than we think! You can reduce this by listening instead of planning your response while the other person is still speaking.

2. Meet More Frequently and Consistently

To have great workplace communication, we need consistency and a higher frequency of quality meetings. If you’re a manager, set up consistent one-on-one meetings with each direct report on a regular and predictable schedule. It might be once a week, once a month, or some other time period that works for everyone and for your business cycle.

Your direct reports have to be able to rely on this communication session. Be consistent with them for some time until your meetings become a habit.

Once they get used to productive one-on-ones, your employees will gather their questions and comments and have them ready each time, successfully boosting efficiency and clarity of roles and expectations.

If you’re not a manager, you could let your manager know that you really need consistent meetings in this style. You could suggest that it be just a five-minute meeting at first in order to start creating a habit.

3. Set Up a Group Texting Service

One of the quickest ways to reach your direct reports or coworkers is through group texting. Everyone carries a cell phone, and if you send SMS texts, your coworkers can receive them even when they’re not on the internet.

These days, mass texting services are very simple to set up and use. Group texts are a reliable way to send your team emergency updates, meeting times, task reminders, and much more.

Group texting services are also quite affordable, and they can save you money and time. They can let you reach your employees or coworkers when other communication methods fail.

4. Get Good Feedback

Everyone on your team has a valuable perspective. Your employees who are on the front lines working with customers and products have knowledge and insights that could improve the company. So, you need to get feedback and suggestions from them.


Let them know that their thoughts are valuable and encouraged, and give them several options for sharing, such as email, one-on-one meetings, and group meetings. Also, give them a place to leave anonymous feedback, such as an online forum, a suggestion box, or a notebook.

The goal is to get the best, most candid ideas possible—and put them to good use to improve your organization!

Build a Culture of Communication

We all want to be heard, for our ideas to matter, and to have a great place to belong. Make your workplace more satisfying for everyone by building new communication habits and using them to create a better team.

How the Internet of Things is Affecting the World and Why You Should Invest in 2019

A major technological paradigm shift has fundamentally changed how the world around us operates. A few centuries ago, this would have been the industrial revolution, and today change has been dominated by innovative technologies like the Internet of Things (IoT).
While the opportunity to reap the impressive financial gains provided by the Industrial Revolution is long gone, there is still plenty of time to capitalize on the growth of IoT. Our smart devices are now increasingly interconnected, and the value of IoT-related companies is likely to increase.
From healthcare to manufacturing, the Internet of Things is set to change how entire industries operate fundamentally. Now is the perfect time to learn more about the impact of IoT and how you can leverage it to increase your own financial gain.
Just What Is IoT? Why Does It Matter?
The Internet of Things has come to be known as the extension of internet connectivity to physical devices everyday objects. In other words, IoT represents the expansion of modern computing technologies past the traditional laptop or desktop and into the vehicles and sensors of the future.
The Internet of Things represents a fundamental shift in how society interacts with technology, as now (and more so in the future) almost every device will be connected to the internet in some way, shape, or form. In short, IoT matters because it has the potential to change how our world functions.
How Is IoT Changing Investing?
At this point, you are probably asking yourself questions like, “Can the connectivity provided by IoT technology actually lead to superior gains in the market?”. While it’s hard to directly answer this question without wading into the world of investment advice, some trends are starting to become apparent.
For one, many industries (ranging from healthcare to energy) are starting to make the Internet of Things a cornerstone of their business models. We have already seen the impressive impact that IoT has had on the manufacturing industry and expect this trend to continue developing across a variety of industries.
Best IoT Stocks for 2019
With a clear understanding of what IoT has to offer, it’s time to unveil the top IoT stock for 2019:
CPX is one of the leading firms in the super-capacitors space. This may sound like its unrelated to IoT, but such electronic components may actually enable the explosive growth of IoT to continue. Thanks to their unique properties, Super-capacitors enable power solutions that help make advanced IoT technology possible.
LightWaveRF PLC (LWRF)
LWRF has developed a unique (and most importantly, proprietary) IoT platform that assists customers in better integrating this tech into their smart homes. As the first company to provide an all-in-one IoT app solution, they’ve gotten off to a great start. More importantly, LWRF appears poised to continue its growth as they partner with popular brands such as Amazon Alexa and Google Nest.
TERN specializes in the development of software for the cloud, Internet of things, and traditional mobile devices. With numerous business holdings, some of which are industry leaders in the field of IoT security, TERN is playing an important role in improving the future of IoT systems. As cybersecurity continues to be a pressing issue, investing in IoT security looks to be a great choice.
Ilika PLC (IKA)
Similar to CPX, this company specializes in electronic components that play a crucial role in IoT devices. Specifically, IKA creates industry-leading solid-state batteries that are uniquely capable of meeting the demands of IoT technology. From smart homes to the medical and transportation sectors, IKA batteries are powering the powering of IoT behind-the-scenes.
Clearly, there are a number of great IoT stocks out there. While these picks are our favorite, we encourage you to do your own research and due diligence before investing. Here’s to the continued growth of IoT and the market, together!
By David Corne
Want more investment advice? Visit financialhobby.com.

Why Cloud Storage Is Going Social

Cloud Storage is one of the most important iterations of the Internet. The data storage method has become increasingly popular in personal and business applications as a means to organize, manage, and access information all in one place and in real time. As discovered by a research survey by Avere Systems and Gatepoint Research, there are several reasons why businesses swear by this method.


Disaster Relief


For one, research execs and IT professionals believe that disaster relief is a major benefit. In the face of disaster, business professionals can count on cloud storage to restore their most important documents and collaborations in order to stay afloat. In fact, 20% of cloud storage users recover from a site disaster in four hours or less, according to CIO.com. Unfortunately, only 9% of non-cloud storage users can say the same about their disaster recovery experience. When a company faces adversity, resilience is of the utmost importance and the consequences of not having an effective storage method are well, disastrous.


Centralizing Data Management


Another common benefit of cloud storage is Centralizing Data Management. This means that you can access all of your documents in one unified and organized platform. No longer do you have a million folders floating around on your desktop. Instead, your cloud-computing provider will do the heavy lifting for you and ensure that your data is easy to retrieve. Centralizing Data Management also opens doors for telecommuting. With a unified data center, it becomes possible to distribute personnel across the world, providing for a diverse team that will ultimately contribute to the success of your company.


Cost Savings


The holy grail of business solutions is, of course, cost savings. And according to today’s IT professionals, cloud storage is a great way to reap the benefits. Cloud Storage creates a pay-as-you-go model that can reduce IT costs by up to 77%. Not only can it save you money, but it can also increase revenues, enhancing performance and different capabilities to improve your bottom line.


Getting Social


The business applications of Cloud Storage are numerous and when it comes to the future of this technology, we have a lot in store. What can we expect to see next in Cloud Storage? According to Arvind Raichur, CEO and Co-Founder of Cloud Storage platform, MrOwl, the answer is simple, social. It is for this reason why Raichur and his team have carved out an entirely new category for technology applications, Social Cloud Storage™. Social Cloud Storage allows you to share content directly out of your cloud storage to a community beyond your contacts. It allows you to share your own information and discover what others are sharing out of their own personal cloud storage. It’s all about enhancing communications and building a wider community where individuals feel heard, understood, and above all, connected.  And, it’s never been easier to share knowledge and resources because MrOwl offers unlimited storage for public content as well as 10GB’s of free private storage.


“We believe that consumers are looking for new technologies, like MrOwl, that provide them with more of a balance between being able to personalize their experience and having greater control over their privacy, Raichur says. “Both things are important. People want to be able to customize the Internet based on who they are and what’s important to them and their digital needs. They want more control over their experience and over their own individual privacy, because they are more aware than ever that their data is being used to target them and they want to have more control.”


Building a Stronger Internet Community


How does a platform like MrOwl restore privacy control back to the user? On the platform, users can opt for the premium package in an ad-free environment that will keep the users’ personal information completely anonymous. While a targeted ad environment will deliver more relevant ads, this is not a priority for many users out there. Having this option available will finally give users the opportunity to choose the environment that works best for them. It is in this spirit that we may build a better Internet community.


“We are really excited as MrOwl has the ability to change the world and become the primary place where people can access, share, and interact with one another in a more positive setting, not just about cool content, but about smarter and more meaningful content,” Raichur concludes. “We’ve come to a point in our “social media lives” where we are a bit drained at just looking at repetition, and we are excited to give everyone a chance at something new that brings more meaning and empowerment to internet users everywhere.”

Leonard Daniel Wong

Leonard Wong Toronto – Raptors Throw Offers to Kawhi Leonard

Leonard – Wong – Toronto Raptors – Kawhi Offered Penthouse and Food for Life to Stay in Toronto

Leonard Daniel Wong

On May 29th Natalie Wong of Bloomberg reported that Leonard Kawhi of the Toronto Raptors was offered a penthouse condominium and food for life as an incentive to stay in Toronto.

Rumors of the super star basketball player are floating all around North America as the 2019 NBA finals come to an end. The quiet and humble basketball player has drawn comparisons to Michael Jordan and LeBron James as perhaps the best or one of the best basketball players in history.

It’s not over yet but with a leg up in the best of seven series with Toronto having home court advantage and already protecting game one for home court advantage means well; but it isn’t over till its over. To put down the Golden State Warriors 4 -time reigning championship team who have also been to the finals one other time in the last 6 years it will take a lot of hard work.

It is not just one single player that makes a champion but rather a team of well seasoned group members that will make a difference. Someone must step up and eventually dethrone a mainstay and consistent winner eventually. Americans, fans and pundits alike have mixed feelings. Does the U.S. support a perennial champion or do the go for the under dog? It seems like no one, but the Americans can be a dream team and win the NBA finals championship especially not an international team from foreign soil. After all its not a past time but a beloved game that was invented in the U.S. of A. They may or may not know it was created by Canadian James Naismith.

History repeats itself and times change. The Raptors are Canada’s team and not just that of Toronto. Everyone in Canada including the haters of the mega city are jumping on the band wagon by now and they will be endeared even more with one more win at home.  And finally, if Leonard and playmaker Kyle Lowry have their way, they will want to finish the job and cement their place in history as a team against all odds and a nation of new lovers and old-fashioned haters.

It’s the best of seven and as Canadian hockey fans know and understand this type of series. And will not make bold predictions for the outcome of its full and final finish they would love to see and be part of history in the making.

Canadians are quiet and humble just like Kawhi. But we carry a big stick made of Canadian hardwood lumber. And when its time to fight we will not shy away or back down from what is right. In game 2 and in the rest of the NBA Championship series at home or abroad the gloves are off, and we will dance with one that brought us. Even a near championship is an amazing feat of heroics most gamblers, bettors and basketball fans could not imagine. It’s a team game and we are thankful and grateful to see some of the best basketball played ever in the country. Mr. Naismith the father of the sport is on our side win or lose.





Improving Financial Skills Through Literacy

Financial management has been defined as understanding the financial consequences of your actions and ensuring you only do those things that enhance profitability. However, I would add financial failure to that definition, as it’s an important part of the industry and my work as a merchant banker.

In short, you can’t expect all of your investment to result in significant returns. So you need to condition yourself to deal with the failures and continue your work with the same passion you had prior to the disappointing outcome. That’s what makes a successful merchant banker.

But let’s take a step back. It’s been said that 90% of business failures around the world are due to financial mismanagement. Not poor marketing, not labour problems but plain old bad management. So how do we resolve this problem? We need to focus on financial literacy, one of the world’s biggest challenges.

Although there are many worthwhile financial literacy initiatives happening today all over the world, too many of us don’t have a basic understanding of things like budgets, inflation and rates of return. Although it’s unrealistic to expect everyone to possess sophisticated financial knowledge, it is broadly agreed that some financial knowledge is necessary to make important life decisions related to money.

Building personal financial capabilities early in life can give people the foundation for financial well-being in the future. Schools are an important channel to provide the education that can improve financial literacy. Studies in the U.S. have shown that financial education, when done properly, leads to an improvement in financial behaviour.

But there’s a long way to go. According to a survey of 13 million U.S. high school students, only one in six received mandatory financial education. And only 17 states require personal financial content to be included in educational standards.

Of course, people want to make good financial decisions that set them up for success but most haven’t had the opportunity to learn. For instance, a significant number of American adults can’t pass a basic financial literacy test with three questions on stocks, interest rates and inflation. Here’s an example:

Suppose you had $100 in a savings account and the interest rate was 2% per year. After five years, how much do you think you would have in the account if you left the money to grow?

  • More than $102
  • Exactly $102
  • Less than $102

Although 43% earned scores of three, meaning they correctly answered all the questions and another 36% received scores of two, 21% got only one or zero questions right. Across all households, the average score was 2.2. Considering that the questions are relatively simple, those scores aren’t good enough and show why financial literacy needs to improve, and not only in the United States. The correct answer in the sample question, by the way, is more than $102.

Financial literacy can be a hard sell for educators, many of whom don’t see the importance of adding it to the curriculum. But it’s a skill all of us need to succeed in life. If you teach a child about financial literacy, odds are he won’t come back to live in your basement after college.

8 Innovative Tips for International Travel on a Budget

Disclaimer: This post is sponsored by PSECU, a Pennsylvania-based credit union.

Many people dream of traveling the globe, but stay parked at their work desk despite their wanderlust. Socrates once said, “The unexamined life is not worth living,” but the unexplored life spent sighing at pictures of other people’s vacations on social media is sad, too. Is it possible to adventure in foreign countries on a budget?

Sure it is! While some destinations can prove pricey, others cost less than staying home. And public transportation systems make travel safe and inexpensive. Here are some tips to help would-be adventurers honor their globetrotting wishes this summer or any time of year.


  • 1. There’s an App for That


Nowadays, there’s an app for everything, and finding cheap international travel is no exception. Apps such as GasBuddy help road-trippers save money at the pump, while those like Google Flights allow those crossing the ocean to find the best plane fares.

One particularly handy app for those with wanderlust is WanderU. The app compares various ways of getting around, such as bus, train or other means.


  • 2. Study the Secrets of Locals


Before heading to the destination of choice, savvy travelers should take some time to go online and seek out local hotspots on the cheap. Websites such as Yelp offer reviews of restaurants and points of interest, including their prices. It’s smart to seek out reviews by locals — just because a restaurant offers low prices doesn’t mean the food is not delish!

Those who want to save even more can make their first stop a grocery store or market to stock up on food inexpensively. And here’s an insider tip for those who want to enjoy a cocktail on the plane, but don’t want to pay airline prices for booze: Empty and re-purpose a travel-sized mouthwash bottle and fill it with vodka or whiskey, then order a cranberry juice or cola mixer for far less.


  • 3. I’ll Gladly Pay You Tuesday


Airports get jam-packed on weekends, and as airlines know people will pay more for such getaways, tickets cost more Friday through Monday. The best time to find a low-priced plane ticket is 3 p.m. on a Tuesday, an hour few travelers covet. Here’s where those in service industries can benefit in particular — as many restaurants and hotels are also busier over the weekend, staff can fly off midweek and still make it back in time for their Saturday night bankroll shift.


  • 4. Use the Barter System


Another way to save big on traveling the world can take a tip from the days preceding the invention of money and work out a swap. Social media connects people with similar interests who reside on opposite sides of the globe. After establishing trust with an online friend, work out a tit-for-tat deal, and alternate turns staying with each other while traveling.


  • 5. Step Outside the Comfort Zone


Fearless adventurers can slash travel costs by noshing on $1 street foods instead of dining out at five-star restaurants. Those hoping to get to the other side of town without spending a dime can give hitchhiking a try. Despite the unsavory reputation the practice has stateside, it is far more common in many nations.


  • 6. Choose Inexpensive Destinations


Why blow two months’ salary in Paris when a similar stay in Indonesia or Mexico can sate the traveling urge? Many foreign countries have a lower cost of living than the U.S., meaning lodging, food and transportation comes cheaper. True, the hostel may not offer views of the Eiffel Tower, but they do offer the adventure of a lifetime.


  • 7. Work for It


Folks who are handy with swinging a hammer, taking care of tykes or working with pets can consider swapping those skills in exchange for overseas lodging. Getting a travel-related job is an excellent way to see the world for free, or at least cheaply. Workers can act as au pairs, serve as crew on a cruise ship or help build shelters for the needy in exchange for the cost of their trip.


  • 8. Tire out Those Tootsies


Seeing the sights proves difficult when driving past at 45 miles per hour. Walking is always free, and it gives travelers an in-depth look at their destination of choice. Additionally, walking is great exercise, and it helps keep off the extra pounds from calorie-laden meals.


  • International Travel Need Not Be Costly


Those who dream of traveling the world don’t have to wait until they’ve saved their pennies. With a bit of ingenuity, it’s possible for those with the travel bug to visit the pyramids along the Nile or anything else they may wish to see on the cheap.

For more frugal travel tips, check out this helpful infographic created by PSECU, a not-for-profit credit union in Pennsylvania!

How To Save Money When The Budget Is Really Tight

If money is tight and you want to increase savings, it is a certainty that you think about how to actually save more money. This is not at all something that is easy to do. In most cases, people are so affected by the situation they are in that they are overwhelmed. It is often difficult to save money, especially if you have no idea what to do. This is why you may want to learn about the following really simple things that you can do right now and that will make a difference.

Change The TV Service

This is quite a simple thing that you can always do. By cancelling the cable bill, you can easily save a lot more than what you initially expect. There are many that actually pay over $100 every single month. This is not necessarily just because of the cable bill. There are maybe some other subscriptions that also apply. As an example, if you have Hulu and Netflix, you end up paying over $16 every single month. Cancel these services and you get more money.

Fix Home Problems Before They Get Serious

There are situations in which you need to make some repairs but you cannot because you do not have the cash for them. This is actually one of the situations in which you absolutely have to borrow some money. When you do not fix a home problem in time, it tends to become much more serious. For instance, if you have a plumber leak and you do not contact an experienced plumber Frankston, you end up having to pay hundreds more.

Analyze The Food Bill

This is another great way to save some extra cash. How you eat can easily lead to losses that you simply cannot actually control. For instance, one of the best things that you can do right now is to stop going out to eat. It will take longer to cook your meals every single day but this can easily lead to some pretty large savings.

Remember that you often lose around $50 per week simply because you eat out. Many homes actually lose a lot more. If you eat out rarely, money can be saved by removing convenience foods.

Online Deals Help

Sticking to your budget is quite difficult but it does become a lot simpler in the event that you take advantage of the deals that you find on the internet. Budget the money that you spend on entertainment. Just buy the things that you need and take advantage of online discounts when they appear.

Cut Back On Your Big Expenses

Analyze the overall budget and see when you pay a little too much for things. As an example, your car payment might be a little too high and you might renegotiate for better deals. You might even consider huge changes like moving in with someone else so you can save money on rent.

There are always many big expenses that we have and ways to cut down on them.

Why You Should Consider Investing In A CBD Related Business?

The first thing that you need to know is that CBD oil is set to cross the $4 billion mark by 2021 and it literally exemplifies the gold rush of the 18th century, in more ways than one. It is certainly a prospective field and one that offers many investors a viable opportunity to earn some quick money. If you are still not sure about investing in pot or marijuana stocks, then you need to read on.

Health benefits of CBD oil

CBD oil or cannabidiol oil is legal in all the 50 states across the US and as such, it has been found to have several medicinal properties. It has been known for its calm and relaxing effect and effective research has shown the fact that it helps to mitigate chronic pain which many patients suffer from.

Apart from this, it also has anticancer properties and can cause the death of several tumor cells, especially in the case of Leukemia as well as Colon cancer. It has also been found to be therapeutic where Alzheimer’s disease is concerned, with the patients being more responsive and functional as a result of consuming CBD oil.  A recent study revealed that it also comes with anti-seizure properties as well.

A more detailed study of this oil needs to be conducted at the earliest but it is evident that it comes packed with several health benefits, which is all the more reason for this particular product to become more popular.

Is Investing in CBD oil ethical?

Most investors tend to think that CBD oil is the same as Marijuana – the fact is that this oil mainly contains cannabidiol, whereas medical marijuana contains THC which is currently illegal. So if you are having any ethical considerations, then you need to know that it is perfectly fine to invest in this and given its increasing popularity, to expect good returns on your investment as well.

The growth potential

The Hemp magazine and yes, that really does happen to be a magazine on Hemp, estimates that as far as both hemp and Marijuana (medical), stocks are concerned, you can expect the market to grow beyond $4 billion by 2021. In simple terms, as a lay investor, you can expect a 700% return on your investment.

However, it is expected that the CBD oil market would cross this estimate as well and furthermore, the growth in the health and wellness industry and the current focus on this oil is helping to drive the market more.

Where to invest?

When it comes to this oil, there are various venues that you can take a closer look at but one of the common ways is by investing in Marijuana stocks – companies that primarily deal with Marijuana related products such as CBD oil. You can read up on the various public companies that deal solely in this particular product, and choose the one to invest in.

Keep in mind that as lucrative as it may sound, no one can predict the market, and stock can rise or fall. However, given the increasing demand and popularity of this product, you can expect the stocks to go up even more, in the near future.

Consider the timing

If you have chosen to invest in this oil, then you need to know when to buy or sell your pot stocks. When the stocks are rallying, that’s when you need to sell your pot stocks, a little at a time. And similarly, when the prices are depressed, that is when you would want to purchase more pot stocks incrementally. And, you need to make sure that you have hired an expert broker who can handle this for you.


Here, the point is that this particular product, as stock is vastly undervalued and is yet to be studied in detail. At the moment, a few studies are in progress, and you can expect this to reflect on the pot stocks as well. That is why it is a good time to invest in this oil since you can expect a good ROI on your investment.

These are some of the tips that should underscore the various investment opportunities that this oil seems to come with.

Cannabis Retail Offers Potential Investment Prospects

The role of a merchant banker is in part to provide capital to entrepreneurs and startup businesses that exhibit high growth potential. If you dig deeper, though, what investors are really funding are good ideas that show potential and, moreover, have the potential to disrupt industries.

Possibly the biggest disruption right now in Canada’s consumer market is cannabis. The opportunities that cannabis present are becoming more and more evident to companies around the country, and that means entrepreneurs want to be invested before everyone else gets into the act. In particular, cannabis retail is a promising sector of the industry that is presenting rapid growth potential.

Until April 1st, legal cannabis sales in Ontario were only available through an online government e-commerce store. Today, according to the provincial Alcohol and Gaming Commission, cannabis retail shops and outlets are appearing across the country in Ottawa, Kingston, Toronto, Brampton, Burlington, London, and St. Catharines.

This means millions of dollars of potential investment opportunity for companies that focus on running recreational cannabis stores. To date, large operators have attracted the lion’s share of investment dollars – but there are opportunities for smaller players too.

If you really think about it, smaller players who are looking to expand in high-value markets need capital. They could see outsized returns without requiring the significant capital investments needed by larger players. To boot, entrepreneurs are continuing to find a number of new opportunities in the evolving cannabis industry and one of those opportunities is marijuana-infused edibles. What was once known as the stereotypical “pot brownie” has moved far beyond to products that include infused beverages, candies, tinctures, and cooking ingredients.

For those who prefer a cannabis-adjacent business, information to accompany new products and uses is another important area that offers business opportunities. Putting the right data in front of consumers, and providing them with knowledge, is a need that entrepreneurs can fill.

As the number of legal cannabis consumers increases, so will the business opportunities.

It’s a great time to be a cannabis entrepreneur, but it’s still crucial to be knowledgeable about your product and your business, and more importantly, you still have to be passionate.