It does not matter if Donald or Hillary takes the White House. The cannabis movement will be big winners in November, said Hadley Ford, CEO of cannabis-financing company iAnthus. “Hillary has stated in multiple speeches that she will support legalizing marijuana,” said Ford. “And if Trump wins then the Republican party has a history of supporting individual states rights. Given that the whole legalization process is state-driven, the legalization environment would progress with a few states legalizing it each year as votes pass.” The most important part of the upcoming election in November are in the states that are voting for recreational referendums to pass, according to Ford. These states include California, Nevada, Massachusetts, Arizona, and Maine. “If there is a large voter turnout for the general presidential election, then we can expect a higher chance for the referendums to pass, and vice versa,” said Ford. iAnthus Capital delivers a comprehensive solution for financing and managing licensed cannabis operations throughout the U.S. It offers a diversified portfolio of cannabis industry investments for shareholders, including direct equity investments in for-profit license holders and lending facilities coupled with management services to not-for-profit license holders. “The state that we feel most positively about is California as they are polling very positive,” said Ford. “Polls are running very close in the rest of the states and it all will be subject to change in the next few months as the next few months will be ad heavy both from pros and opposition.” A referendum passing in California will be a big win nationwide as California typically tends to be the state that leads trends in the nation. Ford said there is a lack of standardization in the industry and a dearth of people coming from professional business backgrounds. “This market is still going from black to white so there have been a lot of people who have tried to raise money when they don’t have a license and then up losing out on a license that’s set a bad stigma for the industry,” said Ford.
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