Ramona-based marijuana investment firm Mentor Capital discussed the ethics of its business in a cover article in the journal Management Today.
Mentor CEO Chet Billingsley wrote the article “In Defense of Business Ethics” that appears in the fall edition and explores the challenges it has taken up in the cannabis investment space.
Among the questions discussed in the article are how does one be law abiding when marijuana is legal at the state level but illegal federally? And if medical marijuana clearly helps seizures, pain and cancer, and substituting safer cannabis for more dangerous drugs could save 10,000 lives per year, how long before the marijuana stigma is reduced to wine-like status?
Management Today has a circulation of 600,000 and has featured such companies as Papa John’s, Neiman Marcus and Under Armour.
Mentor Capital invests in medical and social-use cannabis companies, though it focuses on medical sector. Annual revenue in 2014 is forecast at nearly $2 million.
The company has been public since 1995 and its stock is traded over the counter.
