Economic Opportunity 1: Is Cannabis the World’s Biggest Cash Crop?
What: In this article is about how Cannabis is one of the most profitable crop with it generate as of right now in select legalized states about 50 million per km. I know this number can go even higher if it's Federally passed by the U.S. government.
Who: People who want legal cannabis would benefit.
Difficult or easy to exploit? I believe this would be easy to exploit since people have wanted cannabis to be legalized for a long time.
I see this as a great opportunity for the country to legalize it and can make the country a lot of money. As well people investing, in it and would be easy to get into when it first comes out, then once established it would be hard to enter this market. This could be America's way out of a huge debt it currently has.
Economic Opportunity 2: Universal Orlando’s New Theme Park
What: In this article, it talks about the new theme park that Universal is building and officially will be there 3rd park. It was the first groundbreaking theme park since the Animal Kingdom back in 1999. This park promises to reinvent how people interact in theme parks and be the most immersive park ever created.
Who: Investors in Orlando and theme park lovers.
Difficult or easy to exploit? I believe it won’t be the easiest thing to exploit as it might be too many theme park,s in one area.
I see this as an okay opportunity, for I think about how Orlando already has seven big theme parks with as well about four water parks. Not to mention that it also has many other attractions in the area, which means that adding another theme park may just be one too many due to so many already being in business.
Regulatory Opportunity 1: Town of Palm Beach reopens beaches- with new rules
Where: https://www.palmbeachpost.com/news/20200526/town-of-palm-beach-reopens-beaches---with-new-rules
What: In this article, it’s about the new rules at the beach for beachgoers. With not too many people happy about it and puts a new task for the lifeguards who are simply just doing there job.
Who: People who want to go to the beach and lay out on a towel or sit in a beach chair.
Difficult or easy to exploit? It will be difficult with the new rules and regulations.
I see this as something to enforce with not much opportunity for growth or have any happy beach goings.
Regulatory Opportunity 2: Universal Orlando Resort Operations Update
What: This article is about Universal reopening with many new restrictions on people to help with COVID-19. The guidelines are strict with many warnings for people before visiting.
Who: People who want to go to theme parks.
Difficult or easy to exploit? I think it’ll be easy to exploit this market since people could come up with more comfortable solutions while following these new guidelines.
I believe there is a decent opportunity to take here. I find there to be many opportunities within the theme park industry as it’s always involving, and some new tech comes out. It’s only to find a new product for guests while following these new guidelines.
Hey Cameron!
ReplyDeleteAll the articles you chose to look at were so interesting. Potential opportunities were present in all the articles. I found the news of a new Universal park to be the most interesting! Theme parks were the best part about growing up in Florida, and the news of a new park couldn't be more exciting. While I agree with the points you made about Orlando having too many attractions, I also think that's the appeal of the city. It's the perfect city for theme parks and attractions.