HOUSTON (KTRK) -- Marijuana may be illegal in Texas, but investing in companies, not directly growing the plant, is not.
Eric Sellinger of Midland, traveled to Houston for the"Marijuana Investors Conference. He's looking for investors in his ThermaGrow Pods.
Sellinger's idea is to sell them and ship to growers in states where pot is legal.
Michael Blunk of The Arcview Group also made his way to the conference from San Francisco. The Arcview Group looks to connect investors with business owners. Blunk says there's no need to prove the pot market.
"We already know there is demand for cannabis. People are consuming in states where it's illegal. So once those states turn to a medical use state or adult use state, they become customers," says Blunk.
The Arcview group claims to already have more than two dozen investors in Texas. Blunk goes onto say,
"The return potential varies from anywhere to a 5 times, 10 times, 20 times return, but it's dependent on each company. It's ultimately an industry like any other. Some companies are going to win and some are going to lose. We just know the market is going to grow," Blunk said.
That potential for huge growth is what lured Sellinger from building greenhouses for the food industry to now building ones for the cannabis industry.
"The difference between a $2 tomato plant and a $6,000 cannabis plant, there's a lot more margin for buying good quality products," Sellinger said.