The best way to figure out where you might fit into the cannabis industry is to attend a well-run conference focused on the business side. Downtown LA hosted two events that you might want to look into next year.
CWCB Expo Los Angeles
The CWCB Expo Los Angeles, one of the industry’s largest events, was held at the LA Convention Center in mid September. This is really two events going on at the same time. The exhibit floor offers a one on one look at many different industry participants. Upstairs there is a daylong schedule of breakout presentations and panels.
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Attendees were lined up to hear Avis Bulbulyan, Founder and CEO of SIVA Enterprises . His company specializes in consulting with new business owners and has a very high batting average in securing new licenses. His high level presentation was named “Understanding the Business of Cannabis and the Scalability of its Sectors”. Attendees learned about each sector of the cannabis industry and how they fit into the cannabis business ecosystem. Investment opportunities and operational considerations were covered.
So what advice do you have for young people hoping to get into the cannabis business, I asked Avis. “Do your homework. Understand what you’re getting yourself into. This industry isn’t about making a quick buck, it’s not about medical marijuana and it’s not about recreational marijuana. We have an opportunity to make a difference in the world and have an impact that’s a lot bigger than just being a cannabis business owner. This industry has leveled the playing field where your average twenty-something year old is doing business with people they otherwise would not be in position to do, helping create policy at every level from local to state to federal. The next cure for a disease is one deal away and one joint venture away. If we as an industry can appreciate the opportunity in front of us, we can impact this world in a tremendous way”
MJAC 2017
The first weekend of September kicked off the fall conference schedule as the J.W. Marriott at LA Live played host to MJAC 2017.The future of the legal cannabis industry is looking bright with new investment opportunities appearing daily. This event allowed industry giants from around the world to exhibit their businesses to high net worth investors. The event was run by InvestorHub, a worldwide significant retail investor network.
MJAC 2017 allowed attendees access to the best minds that educated and advocated for this rapidly growing sector. Expert panels answered questions and voiced opinions on all aspects of the business. At each day’s end receptions were held at local restaurants where more intimate interaction was available.
The first nights event was held at the Cana Rum Bar. The entire club was rented out to a standing room only audience. Rum drinks and beer were served to an enthusiastic group of attendees thirsty after a long conference day. The next night insiders adjourned to Prank Bar for complimentary wine and happy hour lite plates. Often more business is done at events like this no different than any other thriving industry.
