Mark is a CERTIFIED FINANCIAL PLANNER™ professional and his main responsibilities include managing and monitoring client portfolios, researching and monitoring our mutual fund investments, financial planning and reviewing portfolios with clients. Prior to joining our team, Mark was involved in portfolio and wealth management at Charles Schwab & Co. and Clarity Financial, LLC.
Mark earned a bachelor’s degree in Business Management from Central College.
Outside of my professional career I am passionate about: I am passionate about living life and fully engaging in many activities; tennis, pickleball, working out, family, yard work, photography, and football.
What drew you to the wealth management industry? What drew me into wealth management was being able to work in an industry that centered on investing and having your money working for you.
What is the most rewarding part of being a BFSG Team Member? The teamwork, collaboration, and being around great people.
The one word or phrase that best describes me is: The word that best describes me would be Disciplined.
What’s the best piece of advice you have ever been given and how might this apply to your role here at BFSG? Work hard and do the right thing even when no one is watching.
Now that cannabis is legal in many states, it may be the case that pot users and investors think that cannabis is environmentally friendly, but it is not! Growing marijuana indoors takes an enormous amount of electricity, water, and chemicals. In other words, growing cannabis is energy-intensive and unfriendly to the environment.
Evan Mills writes in Slate, that a Colorado Study looked at the cannabis industry and found that this industry emits more carbon dioxide emissions than the coal industry. The environmental consequences of growing pot in national wildlands have been known for years. Toxic chemicals and fertilizers not only pollute the soil but waterways and wildlife. Now that cannabis is largely grown indoors, it indirectly contributes to greenhouse gas emissions by using massive amounts of electricity and water.
Pot is grown in large windowless warehouses because cannabis farmers can eliminate worry about weather and climate which gives them control of their crop. In order to grow cannabis indoors, factory farmers need large amounts of electricity, water, fertilizers, synthetic soils, and chemicals. All of this causes massive amounts of waste because little of this can be recycled. What may be good for the stock Scotts Miracle-Gro (SMG), for example, may be bad for the environment. Dumping of used soils contributes to groundwater pollution which isn’t any different from the aerospace manufacturers who dumped toxic chemicals on the ground that has leached into aquifers.
According to Evans, one large California cannabis factory uses enough electricity to power 90,000 homes. We estimate that the minimum water usage for this mega-factory would be 450,000 gallons of water per day which is more than Arrowhead Water pumps out of the San Bernardino Mountain springs each and every day.
Where are the regulators, the Environmental Protection Agency, Sierra Club, National Resource Defense Council, and others? With all the politicians being concerned about climate change, why are not these people asking questions?
Pot growing used to be the purview of backyard gardeners, college students growing cannabis in their dorm rooms or apartments, and cartels growing pot in national forests and South America. This is no longer the case with cannabis being the most profitable cash crop in America. Armies of MBAs are in charge of a growing industry. Pot growing has become very sophisticated and industrialized.
Growing cannabis indoors will require an upgrade to the nation’s grid system and power-producing capacities. Good luck with that when power producers and distributors will have to contend with a gigantic increase in power demand from the electrification of cars.
There is a solution where cannabis users can “have their pot and eat it too” Mills says, grow cannabis outdoors like farmers grow most other crops. As with industrial farming, there will be an overuse of fertilizers that will injure soils and pollute underground aquifers and waterways. Chemicals will be needed to eliminate weeds and insects that will be environmentally toxic. We suppose cannabis growing in most cases is not environmentally friendly whether grown inside or out.
Disclosure: BFSG does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to BFSG’s web site or blog or incorporated herein and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. Please see important disclosure information here.
*Please Note: Limitations. The scope of services to be provided depends upon the terms of the engagement, and the specific requests and needs of the client. BFSG does not serve as an attorney, accountant, or insurance agent. BFSG does not prepare legal documents or tax returns, nor does it sell insurance products. Please Also Note: Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended and/or undertaken by BFSG) or any financial planning or consulting services, will be profitable, equal any historical performance level(s), or prove successful.
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