Eric Kaufman is the CRO of one of the only financial backbone companies serving the Cannabis and CRB industry in recreational, medical and beauty businesses.
Compliance is key for success, but so is a strong financial backbone for capital, cash management and traditional banking services.
The Cannabis business, recreational, medicinal, and beauty business and the banking needs to make it ... [+]
This feels like a gold rush, but the costs are extremely high. Transparent banking makes capital creation and deployment so much easier and more traditional.
By 2030 the industry in California alone that could be with a 17% CAGR be at least $50bn. Being able to us all the available physical and digital platforms as well as even home delivery for growth will add even more to this (on a multi-state basis). Eric Kaufman is the CRO for one of the only financial backbone companies focusing on this industry, Dama Financial. While the entrepreneurial energy is very high right now there are clearly going to be hiccups on the road to a fully commercial, compliant and booming industry by 2030.
Eric Kaufman - CRO, Dama Finacial
Eric talks about the barriers, needs and likely shape of an industry that would have a financial backbone in place that could make it be bigger than many aspects of the alcohol industry by 2030.
