Sponsored Content Provided By California Cannabis Business Expo
This past year saw enormous legislative progress for the cannabis industry, with eight U.S. states passing new cannabis laws in November 2016 and Canada preparing to become the first G7 country to legalize adult-use marijuana.
This progress has brought substantial gains for cannabis stocks, with the North American Marijuana Index increasing 213% in 2016 and 13% so far in 2017. Heightened public awareness leading up to the U.S. elections in November drew in massive increases in trading volume, pushing the U.S. Marijuana Index and Canadian Marijuana Index to double in price in less than a two-month period in September and October.
With enthusiasm continuing to spread across the country and the world, the emerging cannabis industry presents huge opportunities for investors, but it also comes with substantial risks. There are more than 200 different cannabis companies available for public trading and it can be difficult for investors to know where to start, which is why MJIC has decided to host the Marijuana Investor Summit on March 8 in San Diego, California.
The Summit will feature more than a dozen thought leaders and speakers from the leading public cannabis companies who will discuss the public cannabis markets. Sponsored by the Marijuana Index, the event is designed to provide a full day of education, immersing attendees in the opportunities and risks within the world of cannabis stocks.
The day will begin with an overview of the current state of the cannabis public markets, including a breakdown of the U.S. and Canadian markets. This will be followed by a panel discussion on strategies for identifying opportunities and red flags in cannabis stocks.
The rest of the day will feature separate panels discussing the U.S. and Canadian markets, which offer an interesting contrast for investors. Given the cannabis plant’s Schedule I classification in the U.S., the American cannabis stock market consists largely of a diverse range of ancillary companies, from packaging companies to consulting companies, tech companies and more. In Canada, where cannabis is federally legal for medicinal purposes, the market is dominated by Licensed Producers, companies that have licenses from the federal government to grow and sell marijuana, and who collectively raised approximately $500 million in 2016.
The panels will feature the CEOs of some of the leading cannabis stocks. This includes Paul Smithers of Innovative Industrial Properties (NYSE:IIPR), the first cannabis-related company to list on the New York Stock Exchange, Derek Peterson of Terra Tech (OTCQX:TRTC), Michael Gorenstein of The Cronos Group (TSXV:MJN) (OTC:PRMCF) and Nick Kovacevich of Kush Bottles (OTCQB:KSHB). The event will also feature panels with some of the leading investment bankers, attorneys and investors from both the U.S. and Canada.
Register now for the Marijuana Investor Summit, a segment of the California Cannabis Business Expo, so you can learn how to navigate the public cannabis markets.
The California Cannabis Business Expo, one of the leading professional B2B forums focused on the emerging cannabis industry and sponsored by MJIC, starts on March 5 and runs through March 8 at the Sheraton Marina Hotel in San Diego.