South by Southwest may be best known for its music and film festivals, but it’s the tech portion of the show that attracts many investors — like us — to the “Silicon Hills” of Austin, Texas.
Yes, there is the predictable (but important) focus on AR, VR, AI, and self-driving technology. But as Motley Fool analysts Rex Moore and Sam Barker report in the video below, this year’s SXSW also featured an industry that may surprise you with its crazy growth, and another many have largely dismissed but is something investors should be paying attention to.
The hottest thing going these days is marijuana, which was mentioned several times in Austin as the fastest-growing industry in the nation. “Cannabusiness” is attracting a lot of money and firepower, including former Speaker of the House John Boehner. He’s on the board of Acreage Holdings, a U.S. company involved in cultivating, processing and dispensing the product. Boehner is hoping to lend his expertise as the industry continues its