How New Cannabis Law is Changing California's Healthcare System
A new year means new laws being in effect. One major law is “The Compassionate Access to Medical Cannabis Act,” or “Ryan’s Law.”
In September 2021, California Governor Gavin Newson signed a new law to pass Ryan’s Law which would allow hospitals to permit medical marijuana use by certain patients. While it requires medical facilities to offer cannabis as an option arranged through the patient, the law has exceptions. The legislation prohibits smoking and vaping pot and provides safeguard for hospitals concerned about the conflict between state and federal law. The federal government, which still classifies cannabis as a Schedule 1 drug, considers the substance as illegal. (Mercury News)
With scientific evidence from 15,000 articles that support the benefits of cannabis, this is a step forward for the cannabis community and healthcare providers.
Goldstalk believes this milestone is an opportunity for the healthcare industry and private investors to open new doors for expansion and collaborations. Our partner, Erika Fitzgerald has 15 years of experience in debt structuring, investing, strategic management and creative solutions. For over 10 years, she has been assisting healthcare organizations and hospitals with creative, tailored financial solutions for their capital needs and growth. Her experience in this unique niche allows her to be able to navigate and select the best strategy to close the best investment transactions.
Investments in healthcare have more than tripled since 2015. As a result, private equity firms now own about 25%Trusted Source of hospitals in the United States — and this figure will likely continue to grow. Between 2003 and 2017, there were 42 private equity deals to purchase hospitals or hospital systems. These affected 282 hospitals in 36 states. Private equity investments in healthcare increased from $23.1 billion in 2015 to $78.9 billion in 2019. Projections suggest healthcare spending will increase 5.5% per year through 2027. (Medical News Today).
At Goldstalk, we hold ourselves to the highest standard of integrity and do our due diligence to inform others. We value our investors and believe in building trust between both parties is key to success. Goldstalk was formed specifically to invest in and source high-quality cannabis opportunities for ourselves and investors. To learn more and get started on your next investment, visit this page to get in touch. Or call our offices at (310) 400-5599 for information about how to successfully invest in the emerging industry.