Wholesale cannabis trading platforms are beginning to emerge as the industry moves towards more transparency that accompanies legalization. One of the pioneers is Amercanex, which has the backing of several Wall Streeters and has extended its operations into California after originally launching in Colorado. The platform is now processing transactions covering 100-150 pounds per week.
Amercanex sells seats, which now cost $10,000 according to CEO Steve Janjic. Initially, the seats had sold for $2500. Dixie Brands owns one of those seats and is also an equity investor. CEO Tripp Keber believes that the platform will help it distribute is premium marijuana infused products more efficiently. While it’s early in the development of wholesale platforms, the Amercanex advisors and management team, with considerable experience in traditional commodities, appear to be making progress.
Read Brian Louis’ “Some Wall Street Vets Are Betting On a Weed Exchange”: http://www.bloomberg.com/news/articles/2016-03-07/america-s-marijuana-exchange-and-the-wall-street-vets-behind-it
