General Counsel & Chief Strategy Officer
GRA Capital invests in US and foreign private and public cannabis companies, with a focus on cannabis operators, brands, and global supply chain.
Principal David Wenger is a NYC attorney who has been studying and investing in the cannabis industry since 2016.
David wrote a seminal White Paper on the US cannabis industry widely read across the world: The Green Regulatory Arbitrage: A Case for Investing in US Multi-State Vertically-Integrated Cannabis Companies (New Cannabis Ventures, Sept. 2018).
David has also published articles on judicial and legislative developments affecting the industry:
The U.S. cannabis industry needs access to the U.S. stock markets (MarketWatch, Nov. 2019);
How the U.S. harmonizing federal legalization with international drug treaty obligations will spark a wave of liberalization abroad (ICBC, Aug. 2019);
Extending the SAFE Banking Act to offer protections to US exchanges listing US cannabis companies (New Cannabis Ventures, Feb. 2019);
The declining risk of enforcement against state-legal cannabis businesses (New Cannabis Ventures, Jan. 2019); and
A federal court case that could end cannabis prohibition (MJ News Network, Dec. 2018).
David is GC, Chief Strategy Officer at Asia Horizon; a member of Body and Mind's (CSE: BAMM)'s Board of Directors; and an advisor to Noa Botanicals and RCVR.
In addition, David is a member of the US Senate Cannabis Working Group and the US House of Representatives Cannabis Working Group. In those roles, he has the historic opportunity to work with Congressional staffers on advancing federal cannabis legislation.
David has been a speaker or panelist at many cannabis events across the US, Europe, and Asia: ICBC (Berlin); ICBC; EuroAmBizCon (Prague); First Asia Hemp Investment Summit (Hong Kong), Arcview (Santa Monica), CWCB (Boston); ROTH (Laguna Beach); NCBA Annual Gathering (Washington, DC), CannaGather (Trenton); Arcview, Capital Roundtable, Winter & Fall Pitches, Business Insurance's 2019 Cannabis & Hemp Conference, IMN's IC3, and many others (New York), Arcview (Chicago), NCIA/CannaVest (San Jose); Cannabis 2.0 (Hawaii); and Investor Intelligence Conference (Las Vegas).
For 13 years, David represented foreign government and major corporate clients in high-stakes complex cross-border disputes and transactions. Working in the New York office of the global law firm DLA Piper, he acted for clients around the world such as Kingdom of Thailand, Petrobras, Ruler of Dubai, Afghanistan, PPG, Irving Shipbuilding, Pfizer, Troy (Vietnam), and Oman. As a law student, he interned for federal court judge Honorable Harold Baer Jr. in the US District Court for the Southern District of New York.
David is an avid cyclist and private pilot.