Cannabis Hemp Exchange Plans to Enable Cannabis to Trade Like a Commodity in Colorado

Eugene Lopin, CEO of Cannabis Hemp ExchangeEugene Lopin, CEO of the Cannabis Hemp Exchange chats with potential investors at the Cannabis Investor Summit at the Bentley Reserve in downtown San Francisco on September 17, 2015

For another sign that the multibillion-dollar cannabis industry is becoming more corporate as it surfaces from the underground, look no further than Eddie Miller’s plan to start a marijuana commodities exchange next year.  Miller plans to start testing his exchange, called Chex — short for cannabis/hemp exchange — next spring in Colorado, where he has signed up a dozen growers and 17 retailers for a market that he estimates could be trading $10 million in its first year. At first, producers and retailers will bid on, buy and sell marijuana online on the exchange. Later, he anticipates that they will be able to buy futures of a cannabis crop.

Read “Next big corporate step for cannabis biz: Weed commodity trading” by Joe Garofoli:

Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

Get Our Sunday Newsletter