Business
The Business of Bud: 2017 Cannabis Industry Update Attended by CaliPharm’s CEO at Golden Gate University in San Francisco
The Business of Bud: 2017 Cannabis Industry Update Attended by CaliPharm’s CEO at Golden Gate University in San Francisco.
About this update from Kleangas Energy Technologies Inc
[{"type":"text","content":"Riverside, CA, CaliPharms, Inc. (OTCPink:KGET) CaliPharms, Inc. (OTCPink:KGET), a Company operating in the California Medicinal Cannabis industry, which trades under its former name “Kleangas Energy Technologies, Inc.” is pleased to announce the company CEO, Bo Linton, attended a very informative industry event, “The Business of Bud: 2017 Cannabis Industry Update,“ at Golden Gate University in San Francisco, CA.http://cfa-sf.org/events/EventDetails.aspx?id=911178Morgan Paxhia, Co-Founder of cannabis hedge fund Poseidon Asset Management, discussed different vehicle structures that cannabis companies are currently using and various valuation metrics being used. His outlook for 2017 was a continuation of the M&A and acquisition roll-up strategy currently being used in the industry. Responding to a question posed about negative comments made by White House Press Secretary Sean Spicer about recreational cannabis, the panelists were allowed to respond. Given the size and growth trajectory of the industry, entrepreneurs are not going to shut their doors without a fight, warned Troy Dayton, CEO of Arcview, a cannabis market research company. Other panelists noted that Trump repeatedly pledged over the course of his presidential campaign to respect state marijuana laws. Also, they noted the huge cost of enforcement, the creation of a large black market, loss of substantial tax revenue, and subsequent decline in popularity opinion polls that would occur under such scenario.CaliPharm’s CEO, Bo Linton stated, ”The Business of Bud was a very informative event about the cannabis industry in the State of California. I learned first hand from the people directly involved in the processes, banking to taxation practices, as well as the investment opportunities. The feeling I got was there may be some bumps and grumblings mid year from the federal government, but California will, as always, lead the country with State policies that eventually become the norm. California being the fifth largest economy on the planet, that was not a surprise to me.” Linton continued, ”What I heard from the investment speakers was music to my ears, everything CaliPharms is working to accomplish in the value added cannabis industry, fit what the investment speakers perceived as the direction for the most likely path for su...