May 16, 2018 Admin

Sean McCabe of Electrum Partners discusses opportunities for legal cannabis in emerging export markets

Sean McCabe, Director of Business Development at Electrum Partners, was recently interviewed by at the Arcview Investor Forum in Vancouver B.C. about his thoughts on emerging export markets in the legal cannabis industry. During the interview, Mr. McCabe discussed the progress made by Canada in exporting internationally. “You’re going to see a rush to international markets and America is actually going to be behind on those markets because there’s nowhere that you can legally export from the United States until federal legalization happens,” he said, “So Canada is going to be on the forefront of that.”

Mr. McCabe also addressed the demand for legal cannabis products in Europe and how the competition is heating up with Canada and other countries competing to export to those emerging markets. “Currently the really exciting places are the British Medical Market and the German recreational-medical market. Jamaica is about to come in and compete with that for international export and Canada is about to compete for international export.”

Later in the interview, Mr. McCabe discussed Electrum Partners’ goal to help fund businesses in the sector. He also provided insight into the need for an ancillary debt fund to provide capital into the larger ecosystem within the cannabis industry. “Nutrient systems, lighting systems, brick and mortar storefronts, real estate leasing, anything that doesn’t touch the plant… that costs $820 million USD for infrastructure so far. No one can get a loan from a bank, no one can get a mortgage. That market’s going to continue to grow and there’s going to be $25 billion USD just for infrastructure. So if you can start a fund, and you can be that syphon through which that capital meets that infrastructure then everyone’s going to have a merry Christmas.”

The Arcview Investor Forum, held at the Westin Bayshore in Vancouver, Canada from April 30th to May 2nd 2018, assembles high-net worth investors exploring opportunities in the legal cannabis space.

To learn more about the industry, check out The Electrum Report for breaking news and information.

Link to the podcast:

Link to the article: Cannabis Podcast Interview with Sean McCabe, Director of Business Development for Electrum

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