Wednesday, April 23, 2014

If Farm Investing Conference Agenda Is Any Indication, Marijuana Prices Are Going to Zero

From MoneyBeat:

Farming Conference Goes to Pot 
A popular farming conference is bringing pot to the table.

The Global AgInvesting series is one of the world’s most widely-attended and closely watched agricultural conferences, featuring presentations from heavyweights like Brookfield Asset Management and Macquarie. And this year, for the first time, a panel will feature a marijuana retailer.

Next Wednesday, sandwiched between fund managers and agricultural consultants, Jordan Lewis, chief executive of Silverpeak Apothecary, a Colorado marijuana purveyor based in Aspen, Colo., is scheduled to speak on a panel at the conference at the Waldorf Astoria hotel in New York.

Mr. Lewis’s company, along with those of his fellow panelists, including an executive of a unit of St. Paul, Minn.-butter maker Land O’Lakes, are sponsors of the event. But the organizer says it was an easy call to include him, given the budding interest in the marijuana business.

“We could have said ‘no,’” said Philippe de Lapérouse, chair of the conference series and managing director of agricultural consulting firm HighQuest Partners....MORE
A lot of farmland top-tick-Tommies are looking for something to save their sorry behinds.
Bring on the drones:
Criminals ‘using unmanned drones and infrared cameras to find illegal cannabis farms’ – and then steal from the growers