Tara Kelly
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- Milken Institute1h 1m
Medical Marijuana: Health and (Financial) Wellness
Tara Kelly, Lynn Honderd, Ben Kovler, Brian Reynolds, Juan Sartori
A panel of industry leaders from Green Thumb Industries, Mary's Medicinals, and International Cannabis Corporation discussed a rapidly expanding cannabis market projected to reach $45 billion in legal demand as 70% of U.S. states move toward medical legalization. Panelists highlighted significant arbitrage opportunities driven by vertical integration and global export potential, while noting that federal restrictions, specifically IRS Code 280E and banking prohibitions, currently create a temporary regulatory moat for private capital. The discussion concluded with a strategic outlook favoring branded consumer products and pharmaceutical applications over commodity flower, anticipating a transition to a regulated global agricultural sector once domestic policy alignment occurs.