For Your Consideration...

Interview with Leslie Bocskor President of Electrum Partners

Leslie Bocskor, President of Electrum Partners discusses a variety of topics related to legalized cannabis in an interview by the Wealth Research Group. Audio interview published on the Wealth Research Group YouTube channel. Discussion topics include:

  • Government and the cannabis industry
  • The transition to Adult Use
  • California legalizing cannabis
  • Socioeconomic benefits to the US economy
  • Top five products in the cannabis sector
  • Demographics of cannabis users

Regarding prohibition, Mr. Bocskor addresses complex issues related to the stigma associated with cannabis due to misinformation and propaganda. He points out that historically, the efforts put forth to stigmatize the plant eventually led to regulatory policies that in turn created the foundation for Federal prohibition. Mr. Bocskor goes on to say that the benefits for dropping prohibition are numerous and that as States have begun to legalize medical and adult use cannabis, it has had a positive impact on a number of levels. Specifically, legalization:

  • Reduces the black market and the violent crimes associated with trafficking
  • Removes it from the hands of kids
  • Reduces the capital outflow to cartels and criminal organizations
  • Allows the US to capture the money and formulate a new marketplace which creates jobs and generates tax revenue that is used to fund local law enforcement, substance abuse counseling, education and more.
  • Additionally, legalization and regulation lessen the burden on the US Justice System from incarcerating thousands of people a year, saving expenditures that can add up to billions of dollars spent annually. In the event of Federal legalization, the US government would be able to reallocate those funds to more pressing needs and public projects. Finally, a hidden societal and economic benefit for reduced incarceration is more people leading productive lives, fewer broken homes and in general, more people working in the US economy, which boosts State and Federal tax coffers even further.

For information about private consultations and guest speaker appearances by Mr. Bocskor, please use our contact form.

Electrum Partners shares three tips about investing in legal cannabis

When it comes to investing in legal cannabis, there are three important tips to know, and having Electrum Partners on your side can help navigate the way:

  1. Establish a path to liquidity – then maintain it
  2. Legalization is coming and sooner than you think
  3. Compliance, compliance, compliance!

The Path: So you’ve made an investment in a start-up in the legal cannabis industry and made sure they that are closely following all of the regulatory compliance required. Is there a problem? Only if you lose focus on the end goal of liquidating your investment position to make a profit. The bottom line is, legal cannabis is a fast-moving industry within a highly fragmented marketplace so it is critical to be well prepared for anything. Electrum Partners works to ensure that your path to liquidity is reasonable and achievable. Our firm provides in-depth, independent company evaluations that provide insight and guidance for your cannabis related investment opportunities.

National legalization: Tax revenues from legal marijuana sales have bolstered the budgets of states like Colorado and Washington. Breakout sales in Nevada have already generated $30 million in tax revenue in the Silver State while tax revenue for California is projected to be 1 Billion in 2018. Government officials in non-legal states will be compelled to adopt legalization in order to capture the windfall in tax dollars. Colorado, Washington and Nevada have all directly benefited from the boost in budgets for infrastructure, public education, law enforcement and overall cash infusion into their general funds. For these reasons and more, we at believe that cannabis (particularly medical) will legalize nationally in the US within the next five years.

Compliance: Be sure that you are comfortable with how each business in your investment portfolio meets the regulatory burden placed by the state and local municipality. New laws and ordinances are passed every day, often without much news coverage or fanfare. In legal cannabis, you have to stay on top of it. Changes to the laws emerge suddenly, and ignorance of the regulatory frameworks is no excuse. Companies out of compliance may suffer stiff fines, reputational damage, and in many cases are shut-down completely. By aligning yourself with industry experts like those at Electrum Partners, you don’t have to become an expert in every geographic-product space mix.

Contact us to vet your investment opportunities today!