Family Offices Increase Investment in Cannabis Sector
Palm Beach, FL – (May 6, 2021) – Family Office Networks reported today that U.S. and Canadian family office allocations to the legal cannabis industry increased 20 percent during the first quarter of 2020 and are expected to increase 60 percent by the end of 2021. As this investment trend continues, the private sector is relying more than ever on trusted advisors to connect them with high-level government decision makers.
To support family offices within the FON network with strategic cannabis investment initiatives, FON works with Joe Jarabek, President of Jarabek & Company, who helps them to navigate the legislative and regulatory landscape. The Jarabek team has more than 20 years of experience and has consulted on numerous political campaigns at various levels of government, including George W. Bush, John McCain and Mitt Romney.
According to Family Office Networks’ Founder and CEO Andrew Schneider, interest in cannabis investment opportunities is booming and more family offices than ever are seeking an initial or add-on cannabis investment. Private investors in FON’s network increasingly seek geographically diverse cannabis investment opportunities in areas such as biotech, real estate, technology platforms and medical/wellness businesses.
“We are seeing more and more interest in the $16 billion+ North American cannabis industry with strong merger and acquisition activity among leading companies that represent the future of the industry. Although it’s true that banking and regulation has been a bit of a challenge in past years, family offices remain bullish on the sector,” said Schneider.
“Today’s savvy family offices must influence and shape the narrative with policymakers in order to be successful investors in the cannabis sector and we’re available to help them along the way. Unfortunately, there are still many who lack access to political decision makers. We’re here to help,” said Jarabek. The firm’s client roster includes leading family offices throughout the United States and Canada and is growing rapidly as the level of interest continues to expand.
In addition, FON is planning to launch a Cannabis Investment Club; if you are interested in joining please click here.
About Family Office Networks
Family Office Networks is the premier global community for families to share information and intelligence. The team works with a select group of top tier investment managers and sponsors who offer substantial families’ access to stellar investment opportunities in areas such as real estate, venture capital, private equity, and hedge funds. In addition, Family Office Networks shares timely thought leadership on topics related to portfolio management, philanthropy, multi-generational wealth management, compliance and regulation, risk management, insurance, training and education. The website www.familyofficenetworks.com is the hub of Family Office Networks with 500,000 users, including 10,000 family offices, and is a go-to resource for news related to family offices.