Key Takeaways:
- Burns & Levinson is set to host its Seventh Annual "State of the Cannabis Industry" Conference on October 16, 2023, from 8:00 a.m. to 6:30 p.m. ET at the Westin Waltham Boston, with a live stream option available.
- National experts and industry leaders, including Joe Campanelli of Needham Bank and Jason Wild of TerrAscend, will discuss critical industry issues.
- The conference will feature sessions on brand strategies, capital market access in downtrends, and distress management in mergers and acquisitions.
- A CEO roundtable will delve into the concerns keeping cannabis executives awake at night, featuring notable CEOs from Good Day Farm, Gold Flora, MariMed Inc., StateHouse Holdings Inc., and Verano.
Boston, MA--The conference will facilitate discussions on pressing industry topics such as market saturation, capital shortages, over-leveraging, increasing expenditures, and stringent taxation challenges in the cannabis sector.
Frank A. Segall, the Founder and Chair of the Cannabis Business & Law Advisory Group at Burns & Levinson, emphasized the importance of brainstorming solutions to these economic stressors and exploring new market opportunities.
According to a PR Newswire release, Scott Moskol, Co-Founder and Co-Chair of Burns & Levinson's Cannabis Business & Law Advisory Group, highlighted the uniqueness of the conference, labeling it a premier forum and networking platform for cannabis experts nationwide.
Sponsorships and Organizational Commitment
The release noted that gold sponsors such as HUB International and Needham Bank, among others, are backing the event, reflecting the broader industry's support.
Burns & Levinson, having pioneered a dedicated cannabis business practice over a decade ago, continues to play a pivotal role in advising cannabis enterprises, entrepreneurs, and investors nationwide.
Patricia Shumaker Joins Burns & Levinson
Another news release stated that Patricia Shumaker recently joined Burns & Levinson's Trusts & Estates Group as Of Counsel, bringing over 20 years of estate planning expertise to the firm.
Paul Mastrocola, Managing Partner at Burns & Levinson, expressed his enthusiasm, stating that Shumaker’s broad expertise would be a significant asset to the firm.
What Do We Think
The upcoming State of the Cannabis Industry Conference exemplifies the proactive dialogue and collaborative effort necessary to navigate the complex challenges in the cannabis sector.
Including diverse industry stalwarts and the sponsorship from vital financial institutions underscores the event's significance and the broader push toward addressing the cannabis industry's pressing issues.
Patricia Shumaker's addition to Burns & Levinson further showcases the firm's continuous effort to strengthen its team, ensuring comprehensive advisory services to its clients in the cannabis sector and beyond.