The North American cannabis industry is undergoing a rapid evolution. Medical use of cannabis is now legal in 33 states, while recreational use is legal in 11 states plus the District of Columbia. Both recreational and medical cannabis have been legal in California for over a year now. With sales of over $5 billion and tax revenue of $345 million, the largest legal cannabis market in the world is just getting started.
Market participants are hoping that 2020 will be a year of stability through regulatory clarity, development on license provision and supply chain efficiencies.
The eigth installment of the Institutional Capital & Cannabis Conference (IC3) will return to the epicenter of this movement – California. By some estimates, the second largest city in the U.S. is already home to a billion-dollar cannabis market.
Following on the heels of successful conferences in California, Miami, NYC and London, IC3 West will reconvene with the industry’s top experts to evaluate market progress, the headwinds faced and the many opportunities that remain in California.
IMN is excited to continue our IC3 series of forums aimed at sophisticated investors seeking alternative asset classes and portfolio diversification. This event was created specifically with the needs of the legacy institutional and accredited investor in mind, with panel discussions addressing the various vehicles for investment, due diligence best practice, impact investing and setting realistic ROI expectations for cannabis investments.
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