Boston, October 9, 2019 – Less than five years ago, cannabis was still a cause in search of funding, and typical investors were small. But since then this investment community has expanded to include single-family offices, institutions, asset management firms, and significant corporate entities. And many global consumer goods companies now have departments or designated professionals evaluating the cannabis sector. Given the industry’s current scale and high growth estimates, financial institutions and advisors should take notice.
This report, the first of two reports addressing how the cannabis industry will impact financial institutions and the wealth management business, covers aspects of the regulatory environment, politics, taxes, jobs, and broad industry normalization. The analysis in this report leverages interviews with U.S. industry incumbents conducted in the third quarter of 2019, and it is supplemented by secondary research.
This 46-page Impact Report contains 20 figures and seven tables. Clients of Aite Group’s Wealth Management service can download this report, the corresponding charts, and the Executive Impact Deck.