An executive in the payment industry, Jerome Uffner recently served as CEO and president of FirstView Financial. Jerome Uffner also serves as an advisor to Green Light Acquisitions (GLA), a company that works with payment solutions and other aspects of the legal cannabis industry.
The legalization of cannabis in the U.S. has created major opportunities for business. Thus far, 30 states allow medical marijuana use and nine states plus the District of Columbia allow recreational use. The drug is still illegal on the federal level, but the legal business is booming at the state level.
In 2017, the legal cannabis industry generated about $9 billion in revenue, and some estimates project its value will rise to $22 billion by 2020. The industry is in a position to create many jobs, from growing to selling, and money that previously spent on illegal drugs is now being taxed.
GLA has worked to raise funds to help the legalization process, contributing $28 million so far. As the industry continues to grow and prohibition continues to weaken, GLA intends to partner with other companies to address all aspects of the legal cannabis industry.
