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Power Plant? Exploring the Cannabis Industry

Karan Wadhera
Managing Partner at Casa Verde Capital
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Milken Institute Global Conference 2018
April 29 2018, Santa Monica, USA
Milken Institute Global Conference 2018
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Topic: IT

Medical and recreational cannabis sales in the United States and Canada continue to soar. American retail sales of legal cannabis products totaled $7.9 billion in 2017, and estimates predict the industry may grow to $24.1 billion by 2025. However, some think the ancillary ecosystem—companies that support the broader industry without actually "touching the plant"—hold the greatest investment potential. Payroll, packaging, and insurance industries, for instance, are key links in the cannabis food chain and may provide opportunities for investors without the worry of direct state or federal intervention.

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