Cautious Optimism Preached At Philly Cannabis Conference

By David Weissman
The York Dispatch, Pa.

WWR Article Summary (tl;dr)  Less than two weeks after Pa. Gov. Tom Wolf signed a bill to establish a medical marijuana program, entrepreneurs and investors gathered in Philadelphia at the “Innovation in the Cannabis Industry” conference. For women in business like Jodie Schaefer, a Doylestown vape shop owner, entrepreneurs want to learn as much as possible as they begin the process of attaining one of the state’s 50 available dispensary licenses.

The York Dispatch, Pa.

Hundreds of optimistic entrepreneurs and potential investors flooded into Philadelphia on Saturday to garner insight into the state’s budding cannabis industry, but experts cautioned against overzealous ventures into a market still facing many roadblocks.

Less than two weeks after Gov. Tom Wolf signed a bill to establish a medical marijuana program, Philadelphia-based Greenhouse Ventures hosted the state’s first “Innovation in the Cannabis Industry” conference at the Chemical Heritage Foundation.

The eight-hour conference, which was a part of Philly Tech Week 2016, featured panelists discussing various cannabis industry topics including investments trends, future business outlook, technology and medicinal research.

Jodie Schaefer, a Doylestown vape shop owner, said she attended the conference to learn as much as possible as she begins the process of attaining one of the state’s 50 available dispensary licenses.

“I don’t know why, but I’m confident I’m going to get one,” said Schaefer, who added that she’s already teamed up with an investor and pharmacist.

Rich Tran, an interested investor based in Montgomery County, said he and his partners have been waiting for medical marijuana to become legalized in the state for a long time.

“I just hope the law allows for plenty of investment opportunities,” he said.

State Sen. Daylin Leach, D-Montgomery County, the initial sponsor of legalized marijuana legislation in the state, served as the conference’s keynote speaker.

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