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Trump, the Business, Is Hosting a Cannabis Real Estate Seminar

April 27, 2017
The Trump Soho hotel is seen in New York, Tuesday, Dec. 6, 2016. The Cleveland Cavaliers have made other arrangements for players who do not want to stay at a New York hotel branded by President-elect Donald Trump. The Cavs booked rooms at Trump Soho, but general manager David Griffin said the team has arranged for players who want to stay elsewhere to do so together. (AP Photo/Seth Wenig)
The New York Real Estate Journal (NYREJ) will be hosting its first cannabis-focused summit, the “Cannabis in Commercial Real Estate Summit NYC” on May 4 in the Big Apple. The event will offer real estate entrepreneurs a chance to learn about the emerging cannabis commercial real estate market.

Here’s the funny part: It’s being held at Trump SoHo, one of the Trump family’s premier properties.

Screen Shot 2017-04-27 at 10.30.25 AMThe fact that the cannabis real estate summit is being held at a Trump building may come as a surprise, as the leading voice on cannabis issues within the Trump administration, Attorney General Jeff Sessions, has been outspoken in his opposition to cannabis legalization. Trump himself, and the administration as a whole, have sent vague and conflicting messages about cannabis.

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A Trump property hosting a cannabis conference wouldn’t be such a big thing if the president had distanced himself from his business interests while in office. Instead, Trump has woven his hotel brands into his presidency, spending more time in Trump buildings than the White House. His exclusive Florida club, Mar-a-Lago, has become the weekend West Wing. So whether intended or not, the fact that a Trump-branded hotel is hosting a cannabis conference—well, it has at least symbolic significance.

The NYREJ, a sister company of the New England Real Estate Journal, is the largest commercial real estate media company in the world. It covers six Northeastern states and has been in business since 1963.

Ag-Tech company AmeriCann Inc. (OTCQX: ACAN) which is developing sustainable, state-of-the-art medicinal cannabis cultivation properties, will be the title presenter at the event.

AmeriCann’s president and CEO, Tim Keogh, will be a panelist and will meet one-on-one with attendees and investors interested in participating in the cannabis industry. He will also discuss the company and the Massachusetts Medical Cannabis Center, per a company news release.

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During the conference, Keogh will likely discuss the planned Massachusetts Medical Cannabis Center (MMCC), a 53-acre property in Massachusetts that AmeriCann is developing. The MMCC is expected to be one of the largest and most technologically advanced cannabis cultivation facilities in the nation.

An interesting side note to the MMCC: Guess who AmeriCann acquired the 53-acre property from in Massachusetts? None other than the Boston Beer Co., aka Samuel Adams, for $4,475,000 in cold hard cash. Last year the Boston Beer Co. opposed the measure to legalize adult-use cannabis in its home state, and donated to the campaign to defeat it.

In its February 2016 SEC filing, the Boston Beer Co. noted that:

“Certain states are considering or have passed laws and regulations that allow the sale and distribution of marijuana. It is possible that legal marijuana usage could adversely impact the demand for the company’s product.”

Whether adult-use cannabis affects sales of Sam Adams Boston Lager has yet to be determined. But in the near-term, legalization has at least given the beer company’s overall bottom line.

Related

Data Dive: Does Legalization Hurt Beer Sales?

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Gage Peake

Gage Peake is a former staff writer for Leafly, where he specialized in data journalism, sports, and breaking news coverage. He's a graduate of the University of Nebraska-Lincoln's College of Journalism and Mass Communications.

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  • Erik

    OH MAN! EVERYTHING’S COMING UP GREEN-HOUSE! #MAGA †

  • familyguy

    Jeff Sessions needs to enforce the will of the American majority, the American majority favor full legalization, this is 2017 not 1720 or 1980. People have had a change their views on cannabis and the laws need to be changed to reflect what the majority of Americans desire. The incarceration model is a complete failure and no one should be jailed for passion of a benign herb. This is still a democracy. If the president wants better approval rating, this would be a good place to start. Even conservatives need to ask themselves if it is fair for and individual to incarcerated over passion of cannabis.

    • kirkmcloren

      Poor old Sessions thinks “Reefer Madness” is a documentary. Demon weed in his eyes, oh well.

      • Kenneth Aaron

        He looks like a HARDY drinker too, with that red face.

        • Hedda Hopper

          What a hateful person.

      • Jay

        He looks like the creepy old serial killing Dr from the movie The Burbs. Just looking at that guy makes me feel awkward like he is some kind of baby diddler or pervert of some kind.

        • Hedda Hopper

          What hateful people.

          • Jay

            I save my compasion for people who arent racist homophobes. Pretty hypocritical comment to make based on his track record dont you think?

  • Philip DiGennaro

    familyguy: As a conservative, I fully support legalization. The idea that a person can be incarcerated for possession of a plant goes against what conservatives should be about, i.e., limited government. It seems some conservative thinkers believe the feds have the right to impose prohibition while at the same time railing against government over reach in most other areas. Hopefully, this will change over time.

    • horsemannv

      I agree with you Mr. DiGennaro BUT we’ve spent enough time waiting for the will of the people to be implemented. The science is in, the majority want Cannabis made LEGAL and the government needs to butt out NOW! This is a state’s rights issue and extends even to lesser cousins of cannabis, like hemp production. Hemp production on a large scale could provide jobs and materials that could be exported with a “Made In America” tag on the box. Cannabis production also needs to increase and cannabis should be taken completely off of the list of controlled substances, PERIOD.

      • Steven

        Nice idea about hemp production labeled “Made In America.”

        • Gbop

          No idea its a reality come to Wa State. Made in Washington

          • Gbop

            Not until The Pres makes a executive decision and puts in a executive order we see made in America for now its in State. No Exporting amongst States yet. Im sure that is going to change.

      • megapixelz

        Excellent comment!!

  • Keith Caldwell

    All this talk about enforcing federal law on cannabis yet cannabis use is legal in Washington DC. I wonder how many DC politicians are frequent users? I’m betting it’s more than just a few.

  • Lov2ride55

    The President and Attorney General Jeff Sessions have said they will leave it to the states and the Federal Government will NOT enforce marijuana laws. This article claims President Trump spends more time in his Trump buildings is FAKE NEWS. Please do not make your political views interfere with our goals. There is no sign of any federal interference with the states marijuana laws so do not make assumptions.

    • Steve Flores

      I agree. Well stated. I have heard Trump say on occasion that making all drugs legal, would be a good thing, as far as not incarcerating anyone being the way to go. Drugs are not a criminal problem, they are a social problem. Until of course, drug addicts, and I’m not talking about marijuana when I say addicts, start committing crimes to obtain drugs. Then obviously, those people need to be prosecuted. Robbing someone or breaking and entering is a crime and not acceptable. However, have you ever heard of anyone that uses cannabis stealing and committing crimes at the rate that users of other (drugs), use? Of course not !! And as far as I’m concerned, marijuana is not a true drug. It’s more like a medicinal herb, or an herb from your herb garden that consequently makes you feel happy…..LOL

    • Jay

      How can you not be political about the politics around legalzing? How can that even work? Fake news? Your tin foil Trump brand hat blew off your head like his nylon hair.

      As far as the feds interfering, what world are you in? Sessions said if Congres feels it still needs to be illegal on a federal level the federal government will start cracking down. We arent even a full year in. No wonder there are no signs yet. This administration is still trying to find people who havent been exposed for their corruptions to work for them.

      Seriously, stop drinking Trumps Chinese bottled water.

      • Lov2ride55

        First you are a typical Liberal that has to start by trying to childishly insult others for their view point. You need to find true answers by researching.
        Gov. John Hickenlooper tells The Cannabist AG Jeff Sessions “couldn’t have been more emphatic” about legalization being a bad idea, but also understood that Colorado’s marijuana laws are the will of the voters.

        You as other Liberals make up stories that do not exist and then rant and rave over your own lies. Similar to the Russian ties to Trump, yet the liberals look the other way when Hillary accepted donations to the Clinton Foundation of $145 million dollars from Russia then gave 20% of our Uranium to Russia. Your side is Hypocritical and baseless.

        • Jay

          Registered Non Partisan. Not everyone who disagrees with you is a liberal buddy. Get over it. Its called being cognitive. Tell me, how childish is it to just assume everyone who disagrees with you is a liberal? You neocons have a serious complex. Its the same crap time and again. You disgree with me so you are a LIBTARD! He me RAWWWRRRR as I thump my chest!

        • Jay

          As far as Russians go, you are right about Clinton. But you are wrong about Trump. He had everything to do with it just as she did with her dirt too.

          • Lov2ride55

            Former President Barack Obama’s Director of National Intelligence James Clapper told Chuck Todd on Meet The Press that evidence between President Donald Trump and Russia do not exist:

            We did not include any evidence in our report, and I say, “our,” that’s N.S.A., F.B.I. and C.I.A., with my office, the Director of National Intelligence, that had anything, that had any reflection of collusion between members of the Trump campaign and the Russians. There was no evidence of that included in our report.

          • Jay

            MTP? As in MSNBC? You and the Cons have more flip flops than Virginia beach. Its pretty old news. Its been on Fox even that since Clapper left new evidence had been uncovered that multiple people were involved. Though nothing directly ties Trump in just yet, its kind of hard to belive the man in charge worth 3 billion dollars wasnt involved. You are a joke man.

            Missinformed..lol. Keep cherry picking dude.

          • Jay

            Catch anyone spying on you through your microwave yet?

    • Hedda Hopper

      I don’t think they said that, but people who want this MJ so badly are now commenting and passing judgement on his first 100 days.

      He has accomplished MORE than revious Presidents (particularly when you add in the tactics they are using against him) He will prevail, as will our country, with him at the helm.

      • Jay

        Good gawd you are insane. He accomplished nothing but harsher partisanship. Litterally nothing. Why do people feel he is a god? For decades he was one of the worlds biggest laughing stocks, sudenly he says some racist crap and people now love him overnight. The guy had true stories about his bug nuttyness in the same faux tabloids that claim bat boy and wolf boy helped win the little league world series for christ sakes.

        • Lov2ride55

          Sounds like you are not fully informed. Stop watching CNN and find an outlet that reports the truth.

          • Jay

            Haha! Not fully informed…lol! What outlet is that? Faux news? Brietbart? Info Wars? By the way, I actually dont like CNN. I like to read and draw valid conclusions myself. Baaaahhh says the Neocon. I shall follow my shepherd into the pack of wolves.

          • Lov2ride55

            You obviously need to read more and find better outlets because you sound ignorant to the truth. Trump has more accomplishments in 100 days than Obama in 8 years. Although, Obama was able to cause much damage to our country in the 8 years. Illegal Immigration is down by 70%, Thousands of jobs back to the American workers, new Supreme Court Judge and much more thanks to our President Trump

          • Jay

            Name one? There is a serious fear of a drop in jobs and a supreme court pic was inevitable no thanks to neocon partisanship. No real accomplishments at all.

          • Lov2ride55

            Talking to you is a waste of time because you are in denial, so good luck in your fantasy world.

          • Jay

            No, because you cant lie to me is the real reason.

          • Jay

            Not to mention job growth was roling along before he rigged an election. 100 days and all those jobs are because of him? Stop with the fantasies and detox ftom that Trump Chinese bottled water.

          • MILAGRO 1313

            ALERT, LOW VISION, NOT SHOUTING.

            THAT IS RICH, NOT FULLY INFORMED? LIKE TRUMP, IT SEEMS THERE IS A BIT OF PROJECTION HERE. HE CAN’T EVEN KEEP TRACK OF HIS OWN LIES AND HIS FOLLOWERS LAP IT UP. PERHAPS YOU MIGHT FIND THE TRUTH BUT I SUSPECT THAT IS NOT YOUR INTEREST HERE AT ALL. DON’T FOLLOW CNN OR SOCIAL MEDIA, RATHER I DO THE RESEARCH AND DARE TO THINK FOR MYSELF.

      • Lov2ride55

        Gov. John Hickenlooper tells The Cannabist AG Jeff Sessions “couldn’t have been more emphatic” about legalization being a bad idea, but also understood that Colorado’s marijuana laws are the will of the voters

        • MILAGRO 1313

          Source: http://www.denverpost.com/2017/04/27/sessions-wise-to-hear-hickenlooper-out-on-weed/

          HMMM. FOR SUCH AN “INFORMED” COMMENTER, SO OFFENDED BY LIBERALS, INSULTING AND SCHOOLING OTHERS IN NEEDING TO FIND TRUE ANSWERS BY RESEARCHING. WHERE IS THE SOURCE FOR YOUR ASSERTIONS? I AM SURPRISED YOU MISSED (OR OMITTED) THE RECENT DENVER POST ARTICLE FROM 3 DAYS AGO, AND I NOTICE YOUR COMMENT WAS WRITTEN TODAY! EDUCATION CAN SOMETIMES BE FACILITATED BY A SIMPLE VISIT TO GOOGLE.

          GOVERNOR HICKENLOOPER HAD MADE IT CLEAR LAST MONTH THAT THE ANTI CANNABIS (PRO ALCOHOL) LOBBY MADE MISLEADING CLAIMS DURING THE ELECTION CYCLE REGARDING THE STATISTICS SHOWING THE FEARMONGERING WAS JUST THAT. HOW TRUMPIAN. FOLLOWING THAT, YOU MAY WANT TO EDUCATE YOURSELF ON HIS EVOLUTION TOWARD CANNABIS AS SHOWN IN THE VERY RECENT DENVER POST ARTICLE FROM THREE DAYS AGO CORRECTING THE PREVIOUS CLAIMS THAT WERE MADE AS I SAID ABOVE DURING THE ELECTIONS. STATISTICS ARE IN. AGAIN, HERE IS THE URL: http://www.denverpost.com/2017/04/27/sessions-wise-to-hear-hickenlooper-out-on-weed/

          YOU SEEM BENT ON POLITICIZING THIS TO SLAM CLINTON, IGNORING THE TREASONOUS ACTIONS OF OCCUPANT 45 TO FIT YOUR NARRATIVE. PROJECTIONS LIKE THESE ARE NOTHING BUT WORDS OF MASS DISTRACTION, BASELESS AND HYPOCRITICAL. I AM A MEDICAL MMJ PATIENT, QUALIFYING UNDER 5 DIAGNOSES, AND THIS KIND OF DISINFORMATION ENDANGERS MEDICAL CLIENTS WHO ARE HAVING GREAT SUCCESS LOWERING OPIOID USE AND AT LAST FINDING A MEDICAL REMEDY THAT HAS A RECORD OF NO DEATHS- CAN ANYONE SAY THAT ABOUT BIG PHARMA’S OFFERINGS, OR ALCOHOL?

  • Bill Kratzer

    where is the end of the paragraph ? you can’t just truncate the thought

    • megapixelz

      LOL

  • Iyah William

    Hopefully they have Bud and Breakfast’s in New York!

  • Jake Ecv Beerdoh Kottke

    The only thing that needs to be said is to allow cannabis industry workers to buy a house with a federal loan. We pay the same fucking taxes plus more because governments greedy fucking assholes we should be able to buy a house just like every other fucking person who lives in America.

  • Nick Warwick

    I live in Washington State. Marijuana is legal here both Medicinal and Recreational. The Feds can have my weed when they can pry it from my cold dead hands!

  • kirkmcloren

    Beer people should relax. Most smokers I know drink beer with a joint. No dry mouth.

    • Kenneth Aaron

      Alcohol + weed = a crappy buzz.

      • Jay

        Even alcohol ALONE in contrast to weed is a crappy buzz.

        • Kenneth Aaron

          Yes, it is.. Haven’t had any for months. No plan to, either. It robs one of Chi Energy… Good On Ya,

    • James Carter

      What we need is all of the different camps to come together and accept everyone’s differences and desires. Some don’t like alcohol and that is fine. Some of us like to brew and see it as a valid art like like crafting cheese, wine, or a good strain of cannabis. Don’t fuel the fire of those that wish to see this plant eradicated… instead open your eyes and understand.

  • Hoku Lani Kona

    Hey, there! Is there any way I could get a reference link for that quote from Boston Beer Co.? I retrieved their Feb 2016 10-K report and it wasn’t the correct document.
    I’m just really fascinated by the way cannabis is entering mainstream business practices and I would love to see the way this company addressed their stockholders when discussing future concerns about the marijuana industry! Thank you so much!

  • i knew he’d support this movement…as long as he gets some stake in it…and as i type, i’m sure he is….cause that’s who he is…..follow the money and u’ll find donny and pals….

    • Jay

      He has nothing to do with the seminars. The hotel isnt under his ownership. People need to also understand that its not his decision. Its up to the law makers. As we see with his failed executive orders, a president is nothing more than the houses PR rep. One guy in control gives us the illusion that there isnt dozens of congressmen in control, yet they ARE the ones with the most authority over such matters.

  • Jay

    Trump Soho, like many things with his douchey name on it, is no longer owned by him. It was a project he collaborated on but it has nothing to do with him other than the fact he sold his “brand name” ( a shitty one at that) to continue to be used on its facade and all the cheap sweat shop junk they sell thats been making America great (sarcasm) for decades.

  • Linda Vee Sado

    Glad to see some voices of reason here. I am conservative too and pro marijuana. It’s the alt left media stirring up all the trouble to make people hate him. He’ll rein Sessions in I am sure if it comes to that.

  • Stephen Buckley

    I think Trump will pleasantly surprise the weed world. There’s no one in Washington DC more keyed into corruption and rot it causes in our government than President Trump. Cannabis policy up until now is a result of special interest corruption and has been massively expensive both financially and to the futures of many undeserving victims of marijuana ignorance and law.

    Perhaps this link will make your Saturday a little less stressful.

    • William Harrington

      Going by what little I’ve heard Trump speak about cannabis, I don’t think he cares one way or the other. He kind of recognizes the need for medical cannabis but I believe he follows the Nixon “law and order” doctrine for personal use. The fact that “big marijuana” is having a pow-wow at one of Trump’s property’s is an indication on what his legalization policy, if it ever comes to fruition, will look like.

    • Grow Your Own

      What Link?

  • William Harrington

    This article is an example of what cannabis legalization in the United States will look like. Big business will get to dictate the terms of legality while reaping all the profits while the consumer’s legal status will be ambiguous, unless you’re a minority of course. Those private prisons still need to be filled.

    • Stephen Buckley

      Privately operated prisons are on the way out….. https://www.justice.gov/archives/opa/blog/phasing-out-our-use-private-prisons

      There’s enough solid data on cannabis today that debunks all the Nixon crap. Trump, if for no other reason, will respect the the employment cannabis is creating. So go burn one and forget all the Trump hating bullshit. Perhaps you want Obama back? You think Hillary would have double crossed Big Pharma after taking all the money from them?

  • Steve Stribley

    A beer company against legalization? Affect the sales of their product? Are they THAT ignorant? They would most likely sell more. I typically get thirsty after use. I don’t drink booze but Coca-Cola sure gets my business.

    • Justin Sharma

      Yeah, you think they would think about it a little more. But companies that distribute ethanol and pharmaceutical companies also, are the main people out there that lobby the most against Cannabis and its legalization.

  • Gbop

    The Cannabis Industry is Providing Jobs and GOODS THAT Are Produced and Processed by Americans also Relator’s are profiting benefiting on the behalf of the cannabis industry also there are plenty of relator’s who are also in the Cannabis business because of there property connections. If you take that into Mind i dont think it’s in Trumps best businesses interest to Stop this Cannabis Industry. His Businesses would miss out big time they would be losing out on fortune’s. And he dont lose. Also Revunue From Cannabis Excise’s are fixing enfrastructure and Bailing States out of a deficit . Kind of Ironic huh that this same plant that so many have been persecuted is generating revenue used to hire the very same individuals who where committing the pesecution. Fixed Roads Schools Bridges Tunnels ect the lust gose on.🌿😵✌🙏💯🙋

  • Gbop

    He is a Businessman you know. And Commercial Real Estate hasn’t seen a Boom like this in a While. Period…..The Donald isn’t blind or stupid and cannabis is jobs and money, two very important realities to President Trump’s restoration plans for America.

  • Gbop

    He is a Businessman you know. And Commercial Real Estate hasn’t seen a Boom like this in a While. Period…..The Donald isn’t blind or stupid and cannabis is jobs and money, two very important realities to President Trump’s restoration plans for America.

  • Gbop

    The Cannabis Industry is Providing Jobs and GOODS THAT Are Produced and Processed by Americans also Relator’s are profiting benefiting on the behalf of the cannabis industry also there are plenty of relator’s who are also in the Cannabis business because of there property connections. If you take that into Mind i dont think it’s in Trumps best businesses interest to Stop this Cannabis Industry. His Businesses would miss out big time they would be losing out on fortune’s. And he dont lose. Also Revunue From Cannabis Excise’s are fixing enfrastructure and Bailing States out of a deficit . Kind of Ironic huh that this same plant that so many have been persecuted is generating revenue used to hire the very same individuals who where committing the pesecution. Fixed Roads Schools Bridges Tunnels ect the lust gose on.🌿😵✌🙏💯🙋