The Benzinga Cannabis Capital Conference reflected a cannabis industry awaiting legal legitimacy, where many attendees lacked personal experience with cannabis but came from traditional corporate backgrounds.
Robert Beasley, CEO of Cansortium, Inc., pointed out that legislative decisions have a significant impact on company valuation, asserting, "Our stock is risky by definition because our industry is new."
One of the primary concerns discussed was rescheduling; while it wouldn’t fully revolutionize recreational cannabis legality, it could enable companies to deduct business expenses, affecting profits directly.
Panel discussions often touched upon the unresolved issues of the illegal cannabis industry's past, highlighting the plight of countless individuals incarcerated for involvement in what many now see as a booming market.
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