December 2, 2022

KoreSummit in October introduces a new format to discuss the cannabis ecosystem

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KoreConX’s online event offers handheld sessions throughout a week to show how cannabis entrepreneurs can use Regulation A (RegA+) and Regulation CF (RegCF) to jump-start businesses, including l accepting credit cards to raise capital.

/EIN News/ — NEW YORK, Oct. 07, 2022 (GLOBE NEWSWIRE) — KoreConX announces its next edition of KoreSummit – Empowering Growth, October 24-28. During daily one-hour pocket sessions, the cannabis vertical will be in the spotlight.

Cannabis is rapidly gaining social acceptance. Yesterday, President Joe Biden announced that all federal convictions for simple possession of marijuana must be pardoned. This act will directly affect the balance sheets of thousands of Americans. “It’s legal in many states, and criminal records for marijuana possession have led to unnecessary barriers to employment, housing, and educational opportunities,” the president said in a video statement. Pardons will remove many of these obstacles.

The cannabis industry has already seen steady growth over the past few years. According to Grand View Research Institute, the market size was valued at USD 13.2 billion in 2021 and USD 16.7 billion in 2022, with a revenue forecast of USD 102.2 billion for 2030, which would represent a rate of compound annual growth (CAGR) of 25.5% from 2022 to 2030.

“This sector can absolutely raise funds because there is a lot of private capital available,” says Oscar Jofre, CEO and co-founder of KoreConX. This new vertical has the potential to transform this market into a mature ecosystem with KorePartners involved. “With partners like SecureTranz, we enable businesses to accept credit cards for their RegA+ and RegCF offerings, providing options to complete bank transfer, ACH and crypto payments,” says Oscar.

The event

Structured in pocket sessions spread throughout the week, the event was thought of as a journey. From the outset, offering promotions and attracting investors, which regulation is best suited to a company, trades in the secondary market and the word of experts in the trade. Sessions will go live daily, 2:00-3:00 p.m. EDT, October 24-28.

View the full event schedule, sessions, attendees and subscribe here. Other guests and speakers will be added as they are confirmed.

About KoreConX

Founded in 2016, KoreConX provides the first secure online infrastructure for private companies to conveniently and compliantly manage all aspects of their capital market activities, from issuance of securities to shareholder relations. Investors, brokers, law firms, accountants, and investor acquisition firms all benefit from our ecosystem solution. KoreConX also maintains an extensive online library of educational content to help companies navigate their capital raising journey.

Contact information:
Raphael Goncalves
Communications Manager
[email protected]

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Image 1: KORESUMMIT IN OCTOBER PRESENTS A NEW FORMAT FOR DISCUSSING THE CANNABIS ECOSYSTEM

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KORESUMMIT IN OCTOBER PRESENTS A NEW FORMAT FOR DISCUSSING THE CANNABIS ECOSYSTEM

KORESUMMIT IN OCTOBER PRESENTS A NEW FORMAT FOR DISCUSSING THE CANNABIS ECOSYSTEM

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