The Business of Bud: 2018 Cannabis Industry Update
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 Export to Your Calendar 3/22/2018
When: Thursday, March 22nd
4:00 P.M. - 6:30 P.M.
Where: Marines' Memorial Club
609 Sutter St
San Francisco, California  94102
United States

Online registration is available until: 3/22/2018
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2018 Cannabis Industry Update

Pro Cannabis votes across the country enacted "legal" access for over 50% of US adults. What spurred this change? Is it just about getting high or is there something bigger? Will it spawn the next Budweiser, Jack Daniels or Genentech? Sifting through the American Medical Journal or High Times, it could be all of the above. Major banks and investment companies are quietly (and sometimes not so quietly) researching the gold rush for MJ aka the Green Rush. There could be great opportunities and most certainly great pitfalls. 

Join CFA Society San Francisco for an educational event to discuss the topic with recognized leaders on cannabis market research, investment, and regulation.


Ryan Lowther, Partner, Farella, Braun and Martel

Ryan Lowther has a broad-based general business practice that assists early stage and mature companies in all industries meet their corporate, securities, financing and operational needs. He has extensive experience leading merger and acquisition transactions and working with investors in evaluating investment opportunities. As chair of Farella’s Cannabis Industry Practice, he represents all players in the industry, including cultivators, retailers, manufacturers and investors, in starting, funding and growing their businesses and addressing the significant legal and regulatory hurdles faced by businesses in this industry. Mr. Lowther works in concert with other attorneys at the firm to assist his cannabis industry clients with addressing employment, environmental, intellectual property (including trademark), insurance, business litigation, product liability (including Proposition 65 defense), real estate and tax matters. Mr. Lowther received his JD from Columbia Law School.

Michael Steinmetz, Founder, FlowKana

FlowKana is a premier cannabis company that utilizes craft farms, small batch and sustainable, organic methods. FlowKana is launching an 80-acre property in Northern California as a best in practice processing center and the world's first education and wellness focused cannabis campus. Prior to the cannabis industry, Mr. Steinmetz was an investment banking analyst at Merrill Lynch and a data analyst at NASA. He is a graduate of Carnegie Mellon University. 

Morgan Paxhia, Co-Founder, Poseidon Asset Management

Poseidon Asset Management is a hedge fund focused on the cannabis industry. Since 2013 Poseidon has invested in 30+ cannabis related companies across technology, data analytics, agtech, real estate, media, biotech, cultivation and industrial hemp processing. Mr. Paxhia has developed investment methodology in a highly inefficient emerging industry and created frameworks for analysis based on sub-sector, company stage, capital participation and other metrics to diversify risk for investors. He has been quoted in the WSJ, Barrons, Fortune, CNBC and many other publications. Earlier in his career he was in asset management with UBS. Mr. Paxhia earned his BS in Applied Mathematics from the University of Rhode Island.



Darren Story, CFO, Strong Agronomy-Coastal Moon Berry Farms

Strong Agronomy is an innovative organic supplier of agricultural wholesale commodities to companies like Whole Foods and the Ritz Carlton. In early 2016 they added medical grade cannabis to their portfolio of organic crop offerings. They have developed and optimized cultivation which guides plants in producing their peak level of disease fighting phytonutrients. Prior to joining Strong Agronomy, Mr. Story traded options on the floor of the NYSE-Arca. He holds an MS in Financial Analysis from the University of San Francisco.





Continuing Education:
This event qualifies for 1 hour of continuing education credit for CFA charterholders