Buying Cannabis Davos

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Buying Cannabis Davos

By Elisabeth Garber-Paul. A quieter place was the Cannabis House, the second annual incarnation of a spot devoted to explaining the holistic and capitalistic charms of weed. I stopped by yesterday morning and found no bongs, but fresh croissants and well-appointed black couches where a group of young execs and dreadlocked visionaries were getting into, uh, well, the weeds of the international cannabis business. Much was learned, particularly how the big money is not to be made by selling edibles to Beverly Hills housewives. It turns out hemp — a strong, fibrous plant that can be used in everything from rope to BMW dashboards to concrete — is the next new thing. Well, actually the next old thing. Hemp is a cousin of marijuana, a fast-growing crop that looks a whole lot like weed, but given its extremely low THC levels, will fail to get anyone high. However, it fell into disuse when it was banned a century ago, along with all things marijuana in America. While hemp production was decriminalized as part of the Farm Bill, the United States is now playing catch-up. Hemp is the agricultural savior of small farms in places like the landlocked African republic of Lesotho, where much of the crop is crushed into an oil. This has the dual Davos benefit of profits for both investors and subsistence farmers. A further bonus of hemp as a crop is it can be used for phytoremediation , meaning that it actually cleans heavy metals and other toxins from soil. According to some cannabis insiders, 10 acres of hemp can generate as much profit as 40 acres of timber in a struggling land. Yet Traylor says he thinks U. He points out the recent approval of medical marijuana in heavily religious states. But with such dreamy optimism comes corporate competitors. The investors talked of the liquor corporations, who they say are trying to play catch-up. In addition, Sweetser says that consumer-packaged-goods brands — companies that make food, beverages, and beauty supplies, for example — are trying to put the breaks on the spread of legalized marijuana. They were shocked and surprised at the rapid onset of consumer acceptance of this product, and they were completely unprepared. They have no pipeline created for this. The Cannabis House sponsored talks this year with researchers on how marijuana can be used to fight post-traumatic stress disorder. America is very isolated in cannabis. The rest of the world is going medical, and medical needs doctors to prescribe it, the pharmacists to dispense it. On one hand you can treat anorexia, on the other hand you could treat obesity, same plant. Many of the American entrepreneurs grumbled about medical research red tape back home that allows a country like Israel — where scientific research into the plant is not just allowed, but federally funded — to make the most progress in devising new medical uses for marijuana. Our time was winding down when I pointed out the inconvenient fact that many investors lost their shirt — be it hemp or cotton — on cannabis stocks in For all the happy talk, there are treacherous years ahead. Come in with good due diligence. It was time for the investors to go. Watching their taillights disappear out of sight, it was unclear whether Davos had gone weed or weed had gone Davos. Rolling Stone is a part of Penske Media Corporation. All rights reserved. View all posts by Elisabeth Garber-Paul. January 24, The Greatest Guitarists of All Time. The Greatest Albums of All Time. The Greatest Singers of All Time. In this article: Cannabis, Israel. Sub Culture Sub Culture News. More News. Isaiah Colbert. They're Huge on TikTok. In the Clurb By Annie Goldsmith. Issy van der Velde. Go to PMC. Most Popular. You might also like. Powered by WordPress. Log In. Sub Culture. RS Films. RS Recommends. Culture Council.

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Buying Cannabis Davos

The cannabis industry, both in the U. The unprecedented momentum of has investors more bullish than ever on the future of the industry, thanks in part to new legislation and major investments from established industries. Despite the enthusiasm, the industry is still heavily regulated in both the private and public markets. Legalization remains an ongoing issue, and while the recently passed Farm Bill undoubtedly was a boom to hemp, continued legislative reform like the STATES Act remains a question mark. For now at least, the industry finds itself caught between the massive growth of recent years and the regulations still holding it back in the U. Why throw a cannabis conference at, of all places, Davos? There are actually real-world benefits, and so we thought Davos was the right place to do this given the mandate of the forum. With the industry on the global stage, Benzinga caught up with Paltrowitz to get his thoughts on what Davos had to say about cannabis. Paltrowitz : From a capital markets perspective, growing the plant is not where the excitement is going to be. Another takeaway is that this is still a startup industry. Five years ago, the total market cap of publicly-traded cannabis companies was zero. What was the sentiment towards the U. Still, there are a couple of things that make the U. The Farm Bill passed, and so that legalized growing hemp. The thought is, over time, that will go away as well. What about how the U. Was there particular bullishness about specific markets? The U. China was a big topic of conversation, and what would happen if the Chinese biotech and medical industry started to take off. They seem to be a lot more liberal in how they think about this from a medical perspective. If we get to a place where cannabis is accepted everywhere, the market cap of publicly-listed companies is going to become astronomical. If you want to be listed on a U. Paltrowitz : I wish I could say yes, but it really spans everything. We tell them what we would tell any early stage company. Being public is not easy, and there are a lot of things you have to think about, not the least of which is your corporate governance, how you structure your board and your obligations to investors. Benzinga does not provide investment advice. All rights reserved. Selected edition. Sign in. My Portfolio News Latest News. Stocks: Most Actives. Credit Cards. Latest News. Spencer Israel. Tue, Feb 19, , PM. Story Continues. Privacy Policy.

Buying Cannabis Davos