Scott Gelbard is a Vancouver-based entrepreneur in the cannabis industry. He is also an experienced business consultant and financial professional. Since the start of his career, he has contributed to the success of countless companies and made a name for himself as a consultant to both high-net worth individuals, as well as businesses.
Scott Gelbard is passionate about the global cannabis industry. He considers himself a “cannabis pioneer” and is involved in all aspects of the business, from opening and starting cultivation to retail stores. He has been working in the industry since 2009 when the business began to grow exponentially in the state of Colorado. He has since relocated to Canada, where recreational marijuana has been legalized since 2018.
In addition to his work in the cannabis industry, Scott Gelbard currently serves as a Managing Partner at Peak Ventures, working independently as an international business consultant. He has extensive experience as an entrepreneur and financial professional, which created the foundation for his consulting career. Throughout the years, Scott has advised businesses throughout North America, Europe, and Asia on how to model American companies to achieve success.
For his education, Scott Gelbard attended Colorado State University in Fort Collins and holds a Bachelor of Science degree in consumer science, business, and finance. As a college student, Scott was an athlete and a member of the Sigma Nu Fraternity.
Shortly after graduating from college, Scott Gelbard started his first company and began consulting. His education combined with his real-world experience has made him a valuable partner for numerous companies, including MusclePharm Apparel, Terra Ferma, Inc., and BTO Self Serve Yogurt. He also worked as a leader at the well-known financial firm in Denver called Apis Ventures. In his role at Apis Ventures, Scott earned experience in venture capital, business and transactional consulting, and investments.
Outside of work, Scott Gelbard is passionate about sports and enjoys being physically active. He plays soccer often and coaches youth soccer. He also skis regularly and participates in CrossFit classes. Scott is also a dedicated father. He has instilled his love for sports in his children, who are all talented hockey players.
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Scott Gelbard on The Future of the Global Cannabis Industry
Despite some setbacks, the global cannabis industry has a bright future. As marijuana becomes less stigmatized and the general public becomes more educated about its potential benefits, the stage is set for the industry to continue booming. There is also expected to be an increase in clinical research surrounding the medicinal uses of cannabis. The findings of these studies will likely increase demand for marijuana as viable treatment for a variety of medical ailments.
In Canada, cannabis is legal for recreational and medical purposes and has been since 2018. In the US, Marijuana is already legal for recreational use in 11 states. Most Americans favor the legalization of recreational marijuana, which means it’s likely only a matter of time before it is legalized and widely sought after in all fifty states. Over half of US states already allow some form of marijuana to be used for medicinal purposes.
The legalization of marijuana is happening throughout the world, not only in North America. It continues to expand throughout Europe and in many other areas, as well. As the demand for marijuana increases and becomes mainstream, we expect to see a significant increase in scientific research around cannabis. Currently, Israel leads the world in cannabis research, but other countries will likely continue to expand their clinical testing.
An annual report published in 2019, known as the “The U.S. Cannabis Report 2019 Industry Outlook,” predicted that the industry will reach nearly $30 billion by 2025 in the United States alone. This prediction assumes that more states will legalize both recreational and medicinal marijuana.
Expanded legalization and increased demand means that the cannabis industry will continue to grow. With the increased demand and the low barrier in many places, there will be an influx of competitors in the market. However, those with passion, experience and knowledge of the ever-changing industry are much more likely to succeed than those who enter it searching for an easy win.