YOLO - EXCLUSIVE: What's Next For Cannabis? Industry Experts Discuss Game-Changing New Policies | Benzinga
Cannabis reform has moved one step closer to reality at the federal level on Wednesday, with the Senate Banking Committee approving the Secure and Fair Enforcement Regulation (SAFER) Banking Act.
"It's all about applying pressure to get things done." That's according to Emily Paxhia, co-founder and managing partner at Poseidon Investment Management, who joined the Benzinga Cannabis Capital Conference Wednesday in Chicago, Illinois, to talk about what institutions are looking for and how investors are looking at new opportunities in cannabis.
The regulatory milestone that would enable legal cannabis businesses access to banks and financial institutions has been in the works for almost a decade. It's one of the main cannabis market catalysts, alongside the rescheduling of marijuana, that would prompt investors to pour their capital into private businesses that are waiting on the sidelines, according to the four experts who joined a panel discussion moderated by Pablo Zuanic, the managing partner at Zuanic & Associates.
AdvisorShares CEO Dan Ahrens also joined Paxhia on the stage at Chicago Marriott Downtown Magnificent Mile. AdvisorShares is portfolio manager of the Pure ...