Cannabis expo comes to New England with plans to link investors, entrepreneurs, job seekers
BOSTON — If you're expecting to see a bunch of stoners headed out to CannaCon at the Hynes Convention Center in Boston on Friday and Saturday, you'll be disappointed. Many of the thousands attending the convention will be dressed in suits ready to make money.
CannaCon is a convention focused on "creating and strengthening lifelong partnerships within the emerging cannabis industry." Emerging is exactly what the cannabis industry is doing in Massachusetts.
The vote to legalize marijuana in Massachusetts passed after a ballot initiative last November. But since then, the Massachusetts legislature has stalled progress, saying they need to define what marijuana legalization will actually look like in the state. The deadline, set by Gov. Charlie Baker, was June 30. That date came and past without a resolution. Now Baker is saying if legislators are unable to sort out their differences, including how much to tax the now-legal drug, it may be time to implement the voter-approved law as it currently stands.
One thing is for sure, when the law is ironed out, the marijuana industry will equal big bucks for Massachusetts: $1.1 billion dollars in the first few years, according to CannaCon's Marketing Consultant and CEO of LTI Business Solutions, Isaiah Moskowitz.
Moskowitz said this convention will feature a hundred different vendors in the cannabis industry from "consumer to investment to banking to finance. It's all business-to-business in the cannabis space."
Moskowitz said its the perfect time for CannaCon to come to the Bay State, on the horizon of the cannabis market blowing up. But don't be fooled. Many people "want" to get involved in the marijuana industry but not all will succeed.
"One of the biggest misconceptions is people think, 'I can just make a ton of money on cannabis'. You can't. Like any business it's hard to do," he said.
That's where CannaCon comes in. Several cannabis connoisseurs in the business will speak, offering their expertise including Cheryl Shuman, who is affectionately known as the Martha Stewart of marijuana.
Moskowitz said if you think about how important corn is to Iowa, that is what cannabis has done for states like Colorado. And what can happen in Massachusetts, and maybe one day soon, New Hampshire. The marijuana business is expected to create tens of thousand of jobs in the Bay State, not just growing and selling, but fertilizing and all other occupations that come with starting an industry from scratch.
Think about it. When was the last time a new industry opened in the U.S.?
"From a business standpoint," Moskawitz said, "it's exciting for the people who can get into it ... and create over a billion dollars in taxable revenue."
Those taxes can then be reinvested into the Commonwealth in the form of roads, schools, public servants and parks.
Moskowitz said the conference has a little for everyone.
"CannaCon is the perfect place for a job fair, perfect place for an educational seminar, perfect place to learn from some of the biggest names and some of the most local names is the cannabis space," he said.
Ticket information is online at CannaCon.org.