“It continues to be a fluid situation,” said Vivien Azer, a managing director and senior research analyst for the cannabis sector at Cowen . Concern over the prosecution of medical cannabis businesses subsided after the recent budget passed by Congress. It included an amendment that prevents the justice department from using funds to go after medical marijuana. But that doesn’t resolve all the uncertainty. “The risk clearly still exists,” Azer said. “I rule out nothing with the Trump administration.” States saw this risk coming, though. And with nearly a quarter of Americans living in places where adult use of marijuana was legalized during the last election , places like California and Colorado are prepared to push back against the federal government. Trump’s name shows up in filings of less than 14% of all companies, but the stakes are much higher for firms that have bet on the federal government taking a hands-off approach to marijuana policy. “There is a material risk that if the Obama era policies regarding cannabis are Medical marijuana not followed, our business could end and investors could lose their total investment in our Company,” wrote The Marijuana Company of America.
To read more visit http://fortune.com/2017/06/13/marijuana-industry-growth-threatened-by-jeff-sessions-position-on-pot/
https://arcviewgroup.com/ Canna Advisors – Canna Advisors is run by Diane and Jay Czarkowski, former owners of a vertically integrated medical cannabis dispensary. Canna Advisors specializes in consulting and licensing across several states. http://thinkcanna.com/ DispensaryPermits.com – Run by Gullickson, a seven-year veteran in the industry, DispensaryPermits.com offers experienced guidance through the licensing process for cannabis dispensaries. DispensaryPermits.com also maintains business planning tools, pro forma tools and other resources to guide your planning. http://dispensarypermits.com/ iAnthus Capital Management – An investment firm that raises money as a publicly traded entity on the Canadian markets and directs funding toward U.S.-based cannabis companies, iAnthus Capital represents a creative solution to Marijuana Stocks the dearth in conventional financing available to the legal American cannabis industry. http://www.ianthuscapital.com/ Know of any other resources for aspiring cannabis entrepreneurs that might make a useful addition to our list? Contact the author at email@example.com with your suggestions. Adam C. Uzialko, a New Jersey native, graduated from Rutgers University in 2014 with a degree in Political Science and Journalism & Media Studies. When he’s not writing, Adam can often be found reading tomes of political philosophy or hiking through the natural landscapes of New Jersey.
To read more visit https://www.business.com/articles/legal-cannabis-industry-startup-business-guide/