Interest Remains High For Investment At New Jersey Cannabis Symposium

Money and investment were the theme at the second nj cannabis symposium

By Stu Zakim

A crowd of over 300 Cannabis investment enthusiasts attended the second edition of the NJ Cannabis Symposium in Newark NJ last week to hear two panels discussing the financial and investment opportunities that are and will be available to people involved in the Cannabis industry in New Jersey.

The hottest topics during the networking sessions last Thursday night in Newark NJ were a combination of Governor Murphy’s efforts towards legalization of adult use cannabis and his just announced expansion of medical cannabis mixed in with a lot ofs “was that Keith Stroup,” referring to NORML’s founder who was one of the featured speakers.

keith and brian and mrs

The evening got off to a standing ovation for Stroup, who, as the night’s first speaker, took the group on a journey through his first experiences with the plant in 1965 through today, declaring his continued passion for “Smoking Weed.”   Stroup was there to also announce a new service that NORML will offer a directory of attorneys with cannabis practices beyond criminal law as the need has grown beyond that specialization.  He thanked NJCS hosts Joshua Bauchner, Ellie Siegel and Gary Rosen who brought the idea of expanding the listing to Stroup and NORML.

The panels, moderated by BSC Group CEO Brian Staffa and NJ Cannabis Insider Editor in Chief Justin Zaremba, gave the audience a very thorough overview and insights into the what a legal industry will look like, what will be required to get into it and advice.  One of the crowd pleasers was the name badges that were color coded to say if you were looking for money, investing money or just an expert networker, which made the three networking sessions so worthwhile.

nj cannabis symposiumAccording to John Perricone, CEO of SunGrown Zero, a proprietary hybrid-light cultivation facility powered by natural sunlight and with precise climate control that delivers the lowest operating costs and highest profit margins of any Cannabis facility design, said he had been to many shows through his 20 years as a cultivator and thought the show delivered very good advice and information for the NJ industry.

BSC’s Staffa added “The interest in medical expansion licensing and adult use licensing continues to escalate daily and my phone does not stop ringing! It was exciting to see such a diverse group united in their enthusiasm for this new industry.”

The NJ Cannabis Symposium was hosted by BSC Group, Ansell Grimm & Aaron, PC, Marcum LLP and Longview Strategic. Sponsors include BioTrackTHC, Gottlieb, Rackman & Reisman, PC, Wilson Safe Company, The Marijuana Business Association (MJBA) and Bridge Strategic Communications LLC.

 

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