Marijuana Business Magazine - March 2018

lNSlGHTFUL lNDUSTRY OBSERVATlONS What They’re SAYING “Most of the investment opportunities we’re looking at today are outside the U.S., where the pace of change in many ways seems to be happening at an even faster rate than inside the U.S.” – Brendan Kennedy , CEO of Privateer Holdings, on the Seattle-based company’s invest- ment focus after its $100 million raise in January and amid the U.S. Department of Justice’s anti- marijuana stand in January. Source: Marijuana Business Daily “The (profit) margins are so slim that there’s no way to make it work with the new regulations, because it looks like they’re going to drastically drive up the cost of production.” – Julianna Carella , founder of Auntie Delores edibles in Oakland, who recently switched from the cannabis market to hemp-based CBD products for pets with her new company, Treatibles, on the burdens of do- ing business in California’s newly regulated marijuana market. Source: Marijuana Business Daily “We look for what I would call barrier to entry or an oli- gopoly-like market … something with restricted licenses. New York is ideal – 10 licenses, 20 mil- lion people. I like to say, we didn’t set up the rules, but we play by them and we benefit from them.” – Hadley Ford , co-founder and managing partner at New York- based iAnthus Capital Holdings, on the company’s recent $18 million acquisition of Citiva Medical, one of New York’s 10 medical marijuana licensees. Source: Marijuana Business Daily 120 • Marijuana Business Magazine • March 2018