Following landmark events in Vancouver, Berlin, and San Francisco, the International Cannabis Business Conference (ICBC) returns to the site of its inaugural event on September 27th-28th in Portland, Oregon. The ICBC’s first event was held in 2014, just before Oregon became the third state to pass a legalization law, and now eight states and Washington, D.C., have legalized.
When the International Cannabis Business Conference debuted in Portland, voters were considering the Measure 91 legalization law projected by the state to bring in $17 to $40 million a year. Four years later, legalization has doubled the top projection, bringing in over $80 million a year. The economic benefit of cannabis goes beyond the tax revenue raised as the market generates over $500 million in revenue a year, creating around 19,000 new jobs. Most importantly, the state has seen a dramatic reduction in marijuana arrests and citations and Oregonians are getting old convictions expunged from their records. Now, the ICBC returns to Portland at a time when the federal momentum to end prohibition has dramatically picked up, a great opportunity for the Oregon industry to thrive, and creating potential solutions to the issues facing marijuana businesses, such as the unfair tax code, lack of banking access, and the inability to conduct commerce across state lines.
“When we first started the ICBC, we knew that the international cannabis industry would take off, but no one really had an idea that we would advance politically so fast. I’m so pleased to bring the ICBC back to Portland where it all started, to help continue the momentum for sound policies that will help those in the industry thrive,” said Alex Rogers, Executive Producer of the International Cannabis Business Conference.
The Portland ICBC will feature a program that includes: a presentation by the Oregon Liquor Control Commission, the state agency in charge of enforcing cannabis regulations; Canadian Securities Exchange Overview and the Opportunities for American Companies; Branding & Market Share; Raising Capital; What’s Next for the Cannabis Industry; Strategic Partnerships; the ABCs of CBD; and an exciting Mom-and-Pop Pitch Event that will help award a local cannabis company get awarded some funding. “Since we started the ICBC, we have worked hard to develop a curriculum that will leave attendees as informed and prepared as possible. We’re proud to help give investors and entrepreneurs important information,” said Rogers.
To get tickets or more information, visit: www.internationalcbc.com.