Judging by the title and image above, you may have an idea as to what this blog is going to reference – that’s right – Mary Jane, Ganja, Grass, Reefer, Pot, Marijuana…Cannabis. Arguably, cannabis has been one of the fastest growing industries in the U.S. over the past three years. Its rapid emergence and star-like publicity has led to multiple questions and requests from our clients, prospects, and passerby, to discuss the legalization of cannabis for recreational and medical use. To clarify, this post will not be politically-driven, no debate on any moral standards will be discussed, nor will we provide our viewpoint on the potential tax revenue streams that could be created (we will discuss later how inflated sales taxes could affect the industry) – these talking points have been covered thoroughly elsewhere. With that said, LBW could care less about other individual’s perspectives and usages as it pertains to cannabis – it’s just not our business. What our business is, however, is to explore investment opportunities that may present value for our clients.
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June 2018
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