Welcome back to The Karma Koala Podcast
Karma Koala Podcast 115 28 August 2023 – Mastercard & Cannabis
This week we speak with Alex Buschmann who specializes in Risk Management with regard to Cannabis & Life Sciences.
Experienced Broker with a demonstrated history of working in the insurance and risk management industry. Skilled in Risk Management, Client Relations, Property & Casualty Insurance, Public Speaking, and Leadership. Strong business professional with a Bachelor of Business Administration (B.B.A.) focused in Business Administration and Management. Focusing on the Cannabis, Life Sciences, and Alternative Medicines spaces. Recovering Baseball Player who still finds himself out at the fields coaching too much.
The initial discussion is about Mastcard’s recent decision to stop working with cannabis clients, both plant touching and also non plant touching players in the sector.
Our discussion encompasses the wider issues in cannabis banking, finance and insurance industries as well as a small diversion as to why the psychedelics and pharmaceutical industry are, so far, having a easier ride than their cousins over at cannabis.