by Johnny Greene | The Weed Blog
Investing in the marijuana industry is a tricky thing. In most other industries, the main things to look for in an investment is if and when you will get a return on your investment, and how much. That is true of the marijuana industry as well, but investing in the marijuana industry also involves the added element of legality. There are many, many good ideas out there in the marijuana industry, but a lot of them involve operating in a legal gray area at best.
There are a lot of details involved in the marijuana industry surrounding legality. The federal government still considers marijuana to be illegal, while some states have medical or recreational provisions (or both). Throw into the mix 280E, banking, insurance, intellectual property, and other considerations, and you have a very complicated situation. A very common e-mail that I receive is ‘I want to invest in this idea, but is it legal?’
If that is you, you should attend the World Cannabis Congress and Business Exposition in New York in June, and hear attorney Ryan Hurley’s presentation. Mr. Hurley will be speaking at the event, and the topic of his presentation is ‘How to Legally Invest in the Cannabis Business.’ You can hear Ryan discuss the legal and practical issues of investing in the marijuana industry with lessons learned from 5 years in the trenches. Federal vs. State Law, 280E, issues regarding non-profit dispensaries, important contract terms for cannabis contracts, and an overview of new markets and opportunities to invest will be discussed.
