How to make cash with cannabis? How to do well with weed? Let us presume our world is all Canadian, where marijuana has been legalized. Then the chief questions are what products (recreational? Medical? pharmaceutical?) might be produced, sold domestically, imported, or exported and what can we discern about the value of market opportunities, apparent or latent, thus far. If we add to our world the US — where 10 states (or so – the numbers are dynamic) have legalized recreational usage of pot and 33 states (same qualification) have legalized medical use of pot, and many states and the national government continue to impose criminal penalties on the use and trafficking of pot – the picture muddies. How handle payments receipts for a pot business if banks will not accept deposits or provide checking services? How finance production if banks will not lend? How can lenders who, ignoring other risks, want to lend, properly price the credit when federal bankruptcy courts may be closed to borrower entities? And what legislative changes are likely on the federal and state levels? Sure BlackRock is investing in cannabis businesses, but should accredited investors? Is bitcoin a more predictable play?
Mr. Cahill is partner at Sugar Felsenthal Grais & Helsinger LLP, in Chicago, Illinois. He guides secured lenders, creditors, debtors, creditors’ committees, potential purchasers and others through bankruptcy cases, out-of-court workouts,… Read More
Jesse Bontecou has been heavily involved in managing electoral and issue campaigns in Oregon for the past 13 years. He has worked with over 100 campaigns and has been responsible… Read More
Jonathan Loiterman is the Chairman & CEO of Green Star Growing, Inc., a licensed cannabis grower, processor, and wholesaler in Oregon. Mr. Loiterman is licensed as an attorney in Illinois… Read More
Joshua S. Bauchner is a partner with the Firm and Co-Chair of the Litigation Department, head of the Cannabis Law Practice Group, and a member of the Community Association Law… Read More