NLCP - Is The Cannabis Industry Too Optimistic? | Benzinga
"Everybody thinks it’s just around the corner. It’s going to happen. Just wait a few more months,” pointed out Anthony Coniglio, founder, president and CIO of NewLake Capital Partners Inc. (OTCQX: NLCP) during a discussion at the Benzinga Cannabis Capital Conference in Miami.
This quote sets the tone for a conversation that, contrary to the industry's optimism, paints a stark picture of the challenges the sector faces, especially regarding the much-discussed Secure and Fair Enforcement (SAFE) Banking Act.
"How is it to work without banking? I mean what do you think?" asked Maureen Meehan, Benzinga’s cannabis editor. Her question was timely. In September, former Sen. Cory Gardner (R-CO), former Rep. Ed Perlmutter (D-CO) and Reggie Babin of Akin Gump Strauss, Hauer & Feld will discuss the imperative for marijuana reforms at the Benzinga Cannabis Capital Conference in Chicago. ...