Cultivated are welcomed into the new planet of cannabis………..
I also went to the Cannabis Private Investment Summit at the law firm Duane Morris’s midtown Manhattan offices on Tuesday exactly where we saw some of the exact same troubles at play, albeit on the state level.
New York State Sen. Liz Krueger outlined the social justice case for legalizing cannabisin New York — in a area complete of higher net worth investors and cannabis execs — and laid out how limiting the quantity of licenses 1 firm can possess in the state is critical to her stated social justice targets. She also stated she desires to present a structure that would permit modest, minority-owned startups sufficient access to capital to get their enterprises off the ground.
We also scored a sit down with David Feldman, who leads Duane Morris’s booming cannabis practice, and ex-Canopy Development CEO Bruce Linton at the conference.
When the cannabis legalization movement has the exact same broad objective — the legalization of cannabis — it is fraying into two sides: activists who want social justice regarded as above business-friendly legislation, and the increasingly effectively-capitalized cannabis providers and investors on the other side. We’ll be watching how this plays out.
As Feldman told me in his workplace overlooking Occasions Square this week, “legislation is all about compromise.”