On January 28th, MedWest, a highly-regarded cannabis wholesale distributor in California that provided Bhang-branded and other products extracted from CO2 to state-legal businesses, was suddenly raided by local police in San Diego. Two months later, the company has no answers regarding why it was raided and has not been charged, yet it has no access to its confiscated assets. CEO James Slatic, who is a founding board member of the California Cannabis Industry Association and of the Nevada Cannabis Industry Association and a founding member of the National Cannabis Industry Association, wasn’t arrested or charged with any crime, yet he has no access to his personal or business bank accounts.
The company is trying to raise $150,000 for its defense through an Indiegogo campaign, which we encourage our readers to join us in supporting.
Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email
