Cannabis Companies to Watch
Building success cannabis companies in the United States is no easy task given the many obstacles created by federal illegality of the plant. Access to banking, an inability to scale operations by shipping across state lines and the tax burden of 280E are just a few of these challenges. Adding to these impediments, most states limit the number of licenses offered, making it easy to see why there is no dominant coast-to-coast cannabis retailer yet. Despite these challenges, we are beginning to see some very large, medically-focused operators who have been able to build their business state by state.
While there is a lot of uncertainty regarding how the Trump Administration will deal with enforcement of the Controlled Substances Act (CSA), it seems highly unlikely that the proliferation of medical cannabis state by state will be impeded. Here are some of the companies that have impressed us at New Cannabis Ventures with their ability to raise capital and to operate in multiple states, winning licenses to operate vertically integrated businesses that cultivate, process and sell medical cannabis products.
Read Entire Article by Alan Brochstein, CFA at New Cannabis Ventures
Based in Houston, Alan leverages his experience as founder of online communities 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV.
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For more information visit The Women’s Cannabis Chamber of Commerce