Investors gather in Huntington Beach to talk taxes, stocks and marijuana – OCRegister

Want proof that marijuana is going mainstream? Look no further than a wealth management conference that kicked off Thursday, May 11, at the Hyatt in Huntington Beach.

Between discussions on tax strategies and building a real estate portfolio, experts offered tips on investing in cannabis real estate to guests that paid upwards of $2,000 a pop to soak it in.

The new rules on pot in California and other states are starting to rouse the curiosity — if not yet the money of — investors of all stripes.

“It’s really opened up in the real estate space for investment opportunities,” said Stacey Kelly with IMN, the New York-based firm organized that organized this week’s third annual Real Estate Family Office & Private Wealth Management Forum.

Medical marijuana has been legal in California for 20 years. But the state is just now working on plans to regulate and license medical cannabis, which has prompted many outside entrepreneurs and major investors to start eyeing the market for the first time. The state also is prepping to legalize the sale of recreational marijuana on Jan. 1, something that became reality with the passage of Prop. 64 in November.

The coming rule changes are paving the way for an even larger market that’s got investors at least interested in learning how — or if — they might participate.

“Right now, there’s a marijuana craze,” said Aaron Herzberg, who heads up the Santa Ana-based cannabis real estate firm CalCann Holdings and moderated Thursday’s panel at the IMN conference. “It’s just starting, and we’re not even at the beginning of the upward slope.”

There are serious opportunities for savvy investors, Herzberg said. He noted the price of leasing a warehouse in Long Beach has spiked since the city voted to allow an unlimited number of indoor

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