Making Cash with Cannabis
How make cash with cannabis? How 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?
Principal Audience: Investors, Attorneys and Advisors, Business Owners and Executives
Partner: ChamberWise, Financial Poise, West LegalEdcenter
Meet the Panel:
Mr. Cahill is Head of the Bankruptcy and Restructuring Practice Group ...
Ruth concentrates her practice on complex commercial litigation, employment litigation, ...