David Hofer
@dahofer1
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Partner @ Highway 33 Capital Advisory | Investment Banking | Alternative Investments | Capital Advisory | Commercial Real Estate
Miami, FL
Joined April 2013
In 2014, the FinCEN released guidelines that allowed financial institutions to provide banking services to #cannabis businesses as long as strict standards were followed. In this podcast, experts explain the intricacies of #CannabisBanking. @HuschBlackwell
huschblackwell.com
In this episode, Husch Blackwell's Hilary Bricken interviews Brett Ballman and Karen Petrick of Salal Credit Union as they take listeners through the ins and outs of cannabis banking under the FinCEN...
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Rescheduling #cannabis from a Schedule 1 narcotic to a Schedule 3 drug would eliminate the burdensome 280e tax code for companies. @MitchellOsak gives a great overview of the immediate impact this would have on price multiples: #CannabisIndustry #Taxes
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In 2023, we saw a small uptick in corporate bankruptcy filings. While this isn't anywhere near a historic low, it signals that certain pandemic buffers such as stimulus checks are waning. #CommercialRealEstate #RealEstate @JoyWiltermuth
Commercial-real-estate values have already fallen 21% from their pandemic peak, while a growing wall of maturing debt is bearing down on borrowers and lenders against a backdrop of higher rates. https://t.co/mue0LMFHPj
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Over the past few months, it's been difficult to be online without seeing headlines about the dismal state commercial #RealEstate is in right now. But recently, @Citi analysts have come out and said that the banks have been prepared to cover their losses. What do you think? #CRE
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The pressing need for marijuana #PolicyReform in this country has never been more obvious. At the heart of this letter to the @WhiteHouse is a recognition that #marijuana's classification as a Schedule I Drug is highly unjust. @kylejaeger #veterans
marijuanamoment.net
The Biden administration is being pressed to reschedule marijuana by two coalitions representing military veterans and law enforcement—including a group that counts Drug Enforcement Administration...
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In a groundbreaking move, Symphony Grow has unveiled a #CaptiveInsurance program tailored specifically for the #CannabisIndustry. This paradigm shift will provide cannabis businesses with unprecedented autonomy over #RiskManagement. @InsuranceBizUS
insurancebusinessmag.com
New risk financing tool to provide range of new benefits
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“Think of the cannabis industry as the rapid proving ground for new technology and know-how that will forever transform agriculture.” Love this, Dan Thayer. The #CannabisIndustry's impact on other sectors is extensive. #Cannabis #Innovation @PressHerald
pressherald.com
Technology used in cannabis cultivation has broad application – once we can get past the stigma.
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#Cannabis degrees are a key sign of the #CannabisIndustry's growth and sustainability. Moving forward, it's beneficial for the industry and the public to have educated professionals working in the field. #Education @MarketWatch
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According to a recent @Gallup poll, 70% of Americans support federal #MarijuanaLegalization-- the highest percentage in history. Descheduling #cannabis is not only a smart move for the industry as a whole, but it would be serving the American people.
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@HarvardBiz The reality is that 90% of startups fail. In our current environment today, this statistic can seem like a death sentence. But by following the tips above, you can weather whatever storm comes your way. #StartupAdvice #Entrepreneurship #Startup
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@HarvardBiz 3. Focus on culture and governance early on. Many events are outside of our control and can wreck our plans. But by prioritizing agility and flexibility as soon as possible, you can set your team up for success in the long run.
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@HarvardBiz 2. Smart, conservative fundraising. One great way to do this is to build a network of potential investors and win their trust in you and your business opportunity over time.
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@HarvardBiz 1. Prove #ProductMarketFit on a budget by focusing primarily on the front end and minimally on the back end. Make the smallest investments you can in a minimum viable product and take small steps forward.
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Building a #startup isn't an easy process to begin with, but doing so in a tough funding environment can make it feel impossible. In this piece, @HarvardBiz shares some great tips for entrepreneurs navigating these challenges:
hbr.org
Successfully launching and scaling a new business venture has never been easy. When fundraising dries up and uncontrollables become more prevalent, the challenge is even greater. But founders...
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.@MJBizDaily reports that new #MedicalCannabis rules implemented in January by Israel’s Ministry of Health may jumpstart growth in our industry here in the U.S. A great reminder that the #CannabisIndustry is global and interconnected. For more details, check out the link below.
Israel’s new rules might spur growth in medical cannabis industry https://t.co/yQZQ2RUi3R via @MJBizDaily
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While vacancy rates in San Fran have increased over the past few years, research is now showing that #GenAI startups are leasing these empty office spaces. It is projected that by 2030, these companies will lease 12.5 million square feet. #CRE #RealEstate
qz.com
Artificial intelligence companies made up almost one-third of leasing activity in the city in 2023
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The @SECGov is now examining community and regional banks regarding their exposure to #CRE in their loan portfolios. As @markgmaurer explains, this reflects a broader concern about our financial system, similar to the 2008-09 financial crisis. #RealEstate
wsj.com
The Securities and Exchange Commission is questioning some community and regional banks about their exposure to commercial real estate in their loan portfolios, as potential losses on the loans could...
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A survey from @NuggMD revealed that if #cannabis were rescheduled without maintaining state-legal marketplaces, about one-third of users would turn to illicit marketplaces. An important thing to keep in mind as we have these discussions. #CannabisIndustry
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In a session at the #NCAA Convention a couple of weeks ago, a group of panelists discussed removing #cannabis from the NCAA's list of banned substances. Yet another sign of cannabis's acceptance across different systems. #CannabisIndustry @CannabisCulture
Breaking Through The Haze: NCAA Softens Stance On Cannabis, Considers Removing From Banned List #athlete #sports #NCAA #policy
https://t.co/Z58J66ntxF
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Moving forward, what do you think will become of vacant office buildings? #RealEstate #CRE
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