In addition to his role at Mazakali, Sumit is the Finance and Strategy Consultant to The Arcview Group and Managing Partner at Emerald Ventures. Sumit has directed cannabis investments since 2014 and currently serves on the Canopy investment committee. A frequent speaker at investment seminars, Sumit also acts as a mentor to Arcview and Canopy companies. Sumit supports the Marijuana Policy Project and Students for Sensible Drug Policy.
Prior to joining the cannabis industry, Sumit spent nearly two decades in financial capital markets across sales, business development, management, research, analysis, valuation, strategy, capital introduction, institutional-level relationship management, wealth advisory, investment planning and operational consulting in domestic and overseas markets.
Sumit’s past experience includes: Financial Advisor, J.P. Morgan Securities, Director of Business Development, DiMeo Schneider and Associates; Founder and Managing Partner, Emerald Ventures; Head of Midwest Sales and Trading, Susquehanna Financial Group, Director of Institutional Equity Sales, UBS Investment Bank; and Equity Research Analyst, Raymond James Financial.
Sumit earned a B.A. in Economics with Honors from the University of Texas and an M.B.A. from the University of Michigan. He currently resides in San Francisco where he continues to grow his involvement in the cannabis industry.
Shanel Lindsay is an attorney, entrepreneur, and cannabis advocate. She is the founder and president of Ardent LLC, a Boston-based biotech company that develops safe, effective and convenient products for the cannabis industry. A drafter Massachusetts’ adult use cannabis law, founding member and co-chair of the Northeast Cannabis Coalition, Massachusetts Patients Advocacy Alliance advisory board member and well-known advocate for cannabis legalization on the east coast and beyond, Shanel is dedicated to improving public understanding of cannabis’ benefits and eliminating the stigma surrounding its use.
Shanel graduated from the University of Pennsylvania and Northeastern University School of Law and began her career as a judicial law clerk for the Massachusetts Superior Court. She then joined the Boston law firm of Sugarman, Rogers, Barshak & Cohen, serving as a civil litigator for Fortune 500 companies before becoming Employment Counsel and Director of Human Resources for the Massachusetts State Lottery Commission. For over 15 years, Shanel has used cannabis medicinally as an alternative to pharmaceuticals.
Leveraging a decade of expertise extracting, preparing, and applying cannabis compounds, Shanel founded Ardent in 2013. Among patients and within the commercial industry, utilizing the beneficial compounds of cannabis involves significant uncertainty and expense. Based on breakthrough research into the underlying process of decarboxylation, Ardent’s technology fully activates THC with no degradation or loss. Precision decarboxylation allows patients and dispensaries create accurately dosed cannabis therapies at a fraction of the cost.
In 2015 Kris Krane helped launch Mission Partners, a wholly owned subsidiary of 4Front Ventures, as a vehicle to directly own and operate medical cannabis businesses, as opposed to solely assisting other owners through 4Front Advisors. Under the Mission brand, Kris’ team has secured medical cannabis licenses in Illinois, Massachusetts, California, and soon-to-be Maryland. Mission is in the process of building out a dispensary in Berkeley, CA, a dispensary in Chicago, IL with a cultivation venter outside the city, and a 65,000 square foot cultivation center in Worcester, MA with an attached dispensary and a satellite retail location in Burlington, MA.
Under Mr. Krane’s leadership, the company has developed the most professional best practice operating standards for retail dispensaries, largely based on professional standards from the retail, hospitality, and medical cannabis industries. Since Kris Krane and his partners founded the company in February 2011, it has grown from three staff members to over twenty today. Kris’ work has been profiled in publications including Forbes Magazine, Boston Globe, Boston Business Journal, and USA Today. To take advantage of 4Front’s positive reputation and wide national reach in the emerging cannabis industry, in 2014 Kris participated in raising nearly $3 million in growth capital. In his role as president of 4Front Ventures, Mr. Krane helps to identify potential strategic partners and investment targets for 4Front Advisors and Mission Partners.
Prior to forming 4Front, Kris served as Director of Client Services for CannBe, where he helped develop many of the best practices that have become the backbone of 4Front Advisors’ operations. Kris got his training in the medical cannabis industry at Harborside Health Center in Oakland, CA, the largest medical cannabis dispensary in the country. While at CannBe, the company helped open or revamp some of the more successful dispensaries in Northern California, including Harborside San Jose, SPARC, and Elemental Wellness.
Kris has dedicated his career to reforming the nation’s drug policies, having served as associate director of the National Organization for the Reform of Marijuana Laws from 2000-2005 and executive director of Students for Sensible Drug Policy from 2006-2009. At NORML, Kris was responsible for tracking marijuana legislation in all 50 states and coordinating grassroots networks to support the organization's reform efforts. As the organization's chapter coordinator, Kris helped increase the number of NORML chapters to over 120 nationwide.
During his tenure at SSDP the organization experienced rapid growth at the chapter, national and international levels, increasing from chapters on 40 college campuses in 2006 to over 200 when Kris left the organization in 2009. During this time the organization led a successful campaign to convince members of Congress to scale back the HEA Aid Elimination Penalty, the law that automatically denies federal financial aid to students with drug convictions, removing the penalty's retroactivity and restoring aid to tens of thousands of students. Kris has personally appeared on television news programs including Fox News Weekend Live and Today in New York, and has been featured on National Public Radio, Court TV Radio, Wisconsin Public Radio, The WWRL Morning Show with Armstrong Williams, and dozens of local radio shows nationwide.
Kris currently serves on the Board of Trustees for Students for Sensible Drug Policy and the Board of Directors of the National Cannabis Industry Association, Marijuana Majority, and Common Sense for Drug Policy. He also served as Associate Editor of the 2011, 2013, and 2015 editions of the ArcView Market Research Reports, the most comprehensive and widely quoted reports on the size and scope of the legal marijuana market.