Kyle Kazan

Last updated
Kyle Dana Kazan
Kyle Kazan.jpg
Born (1967-03-11) March 11, 1967 (age 57)
Inglewood, California
Citizenship United States
EducationB.A. University of Southern California
Occupation(s)Managing Member, CEO
Known forBeach Front Property Management, Inc. and Glass House Group, Inc.
Website http://bfpminc.com; https://www.glasshousebrands.com/

Kyle Kazan (born March 11, 1967) is an American businessman who is the co-founder, chairman, and CEO of Glass House Group.[ citation needed ] He is also a founder and chairman of Beach Front Property Management, Inc. and co-founder and managing member of Beach Front Properties, LLC. [1] Kazan has also served as a special education teacher at LAUSD and a police officer at the Torrance Police Department. [2]

Contents

Early life and education

Kazan was born in 1967 in Inglewood, California to Richard and Anne Kazan. He was raised in the Palos Verdes peninsula and attended Palos Verdes High School from 1981 to 1985. Kazan then attended University of Southern California where he received his BA in history in 1990. While at USC, Kazan was recruited to play basketball from 1987 to 1990 as both a point guard and shooting guard by future Hall of Fame coach George Raveling. [3]

Career

After graduating from USC in 1990, Kazan became a special education teacher at LAUSD in 1991. Four years later, Kazan served in the patrol division of the Torrance Police Department with collateral assignments and training in gang enforcement and drugs recognition and eradication until 1999. [2] Throughout his tenure, he made arrests mainly for methamphetamine and heroin, with one cannabis arrest as a secondary charge to methamphetamine. [4]

Kazan began his real estate investment career with wife Diane Kazan in the late 1990s. [5] In 1997, Kazan and James B. Rosenwald co-founded Beach Front Properties, LLC., a real estate investment company based in southern California. Together their portfolio spans residential and commercial properties across the U.S., China and Germany with a focus on distressed properties, earning Kazan a reputation as a "vulture investor" [5] and expert in turning rundown properties into stable assets. [6] In 1999, Kazan left the police department and founded Beach Front Property Management, Inc., a third party property management company headquartered in Long Beach, CA. [2]

In addition to real estate investing, Kazan has also been involved in the management of venture capital. With Steve Persky from Dalton Investments, Kazan has co-managed the Dalton Distressed Mortgage Fund since 1997. [7] Kazan also has served as director of the Dalton High Yield Mortgage Fund since 2012 as well as Kings Bay Investment Company, Ltd since 2013. [8]

Beginning in 2016, Kazan created four cannabis-focused private equity funds targeting different aspects of the industry, including the first fund, named “AP Investment Fund,” in which the “AP” stood for “Anti-Prohibition.” [9]

In 2020, Kazan rolled these funds into Glass House Group, Inc., a vertically integrated cannabis and hemp company in California. [10] The new entity combined 500,000 square feet of greenhouse cannabis cultivation space, 9,600 acres of hemp cultivation land, 22,000 square feet of cannabis extraction and manufacturing space, [11] in addition to several retail locations and brands across California, including its primary brand, Glass House Farms. [12] On June 29, 2021, Glass House Group, Inc. completed its go-public transaction through a business combination with Mercer Park Brand Acquisition Corp. and officially changed its name to Glass House Brands Inc., and commenced trading on the NEO Exchange on July 5, 2021 (NEO: GLAS.A.U and GLAS.WT.U; OTCQX: GLASF and GHBWF). [13] Kazan currently serves as the company's chairman and CEO.

Since December 2020, Glass House Brands has been working closely with the Weldon Project and MISSION [GREEN], a non-profit organization dedicated to ending federal prohibition of cannabis and achieving criminal justice reform for those convicted of nonviolent cannabis-related offenses, to advocate for policy change and clemency programs that address the lasting harm created by the War on Drugs. Glass House committed to spearheading fundraising initiatives for The Weldon Project as well as a campaign to petition the Biden administration to free all federal nonviolent cannabis prisoners. In December 2021, Kazan joins the Board of Directors of the Weldon Project and MISSION [GREEN]. [14] [15]

Personal life

Since 2010, Kazan has appeared at several public speeches organized by Law Enforcement Against Prohibition (LEAP) as an outspoken advocate both in favor of the legalization of marijuana and against the war on drugs. [16] [17] [18] He has also made several television appearances to oppose the war on drugs, including an interview conducted by CNN, [19] [20] and has advocated for the expungement of cannabis convictions and the release of cannabis prisoners, specifically Parker Coleman, Jr. [21]

Kazan also currently presides at the Redondo Beach chapter Cancer Support Community as president of the board of directors. [22]

Company directorships / managing member

YearCompany
2013 to PresentKings Bay Investment Company, Ltd.
2005 to PresentDalton Berlin Real Estate Fund I, Ltd.
1997 to PresentBeach Front Properties, LLC.
1999 to PresentBeach Front Property Management, Inc.
2007 to PresentDalton Distressed Mortgage Fund [7]
2003 to 2011Grand River Properties, Ltd. [23] [24]
2019 to PresentGlass House Group, Inc. [25]

Affiliations

Related Research Articles

Commonly-cited arguments for and against the prohibition of drugs include the following:

The Law Enforcement Action Partnership (LEAP), formerly Law Enforcement Against Prohibition, is a U.S.-based nonprofit organization group of current and former police, judges, prosecutors, and other criminal justice professionals who use their expertise to advance drug policy and criminal justice solutions that enhance public safety. The organization is modeled after Vietnam Veterans Against the War. As of April 2017, they have more than 180 representatives around the world who speak on behalf of over 5,000 law enforcement members and 100,000 supporters.

<span class="mw-page-title-main">Legalization of non-medical cannabis in the United States</span>

In the United States, the non-medical use of cannabis is legalized in 24 states and decriminalized in 7 states, as of November 2023. Decriminalization refers to a policy of reduced penalties for cannabis offenses, typically involving a civil penalty for possessing small amounts, instead of criminal prosecution or the threat of arrest. In jurisdictions without penalty the policy is referred to as legalization, although the term decriminalization is sometimes used for this purpose as well.

<span class="mw-page-title-main">Legal history of cannabis in the United States</span>

In the United States, increased restrictions and labeling of cannabis as a poison began in many states from 1906 onward, and outright prohibitions began in the 1920s. By the mid-1930s cannabis was regulated as a drug in every state, including 35 states that adopted the Uniform State Narcotic Drug Act. The first national regulation was the Marihuana Tax Act of 1937.

<span class="mw-page-title-main">Drug liberalization</span> Process of reducing drug prohibition laws

Drug liberalization is a drug policy process of decriminalizing, legalizing, or repealing laws that prohibit the production, possession, sale, or use of prohibited drugs. Variations of drug liberalization include drug legalization, drug relegalization, and drug decriminalization. Proponents of drug liberalization may favor a regulatory regime for the production, marketing, and distribution of some or all currently illegal drugs in a manner analogous to that for alcohol, caffeine and tobacco.

<span class="mw-page-title-main">Medical cannabis in the United States</span>

In the United States, the use of cannabis for medical purposes is legal in 38 states, four out of five permanently inhabited U.S. territories, and the District of Columbia, as of March 2023. Ten other states have more restrictive laws limiting THC content, for the purpose of allowing access to products that are rich in cannabidiol (CBD), a non-psychoactive component of cannabis. There is significant variation in medical cannabis laws from state to state, including how it is produced and distributed, how it can be consumed, and what medical conditions it can be used for.

J. Kyle Bass is an American investor and founder of Conservation Equity Management, a Texas-based private equity firm focused on environmental sustainability. He is also the founder and principal of Hayman Capital Management, L.P., a Dallas-based hedge fund focused on global events.

<span class="mw-page-title-main">Drugs in the United States</span>

In the United States, the Federal Food, Drug, and Cosmetic Act defined the word "drug" as an "article intended for use in the diagnosis, cure, mitigation, treatment, or prevention of disease in man or other animals" and those "(other than food) intended to affect the structure or any function of the body of man or other animals." Consistent with that definition, the U.S. separately defines narcotic drugs and controlled substances, which may include non-drugs, and explicitly excludes tobacco, caffeine and alcoholic beverages.

<span class="mw-page-title-main">James B. Rosenwald</span>

James B. Rosenwald III is an American fund manager and academic who was the co-founder and managing partner of Dalton Investments LLC, an asset management company headquartered in Santa Monica, California, and adjunct professor at Stern School of Business at New York University. He invests in the Pacific Rim area. In 2020, Rosenwald co-founded Activist Japan investment trust Nippon Active Value Fund (NAVF) and launched its IPO.

Smart Approaches to Marijuana is a political organization opposed to marijuana legalization and commercialization. SAM describes itself as a bi-partisan partnership that works with local, state, and federal legislators to create policies that decrease marijuana use. SAM advocates for civil penalties for marijuana use, along with mandated treatment, prevention, education, and awareness.

<span class="mw-page-title-main">Canopy Growth</span> Canadian medical marijuana company

Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.

<span class="mw-page-title-main">Cannabis in Idaho</span>

Cannabis in Idaho is fully illegal for any use, whether recreational or medical. The laws on cannabis prohibition in Idaho are among the most severe in the United States, with possession of even small amounts of it a misdemeanor crime, and no legality of medical marijuana. As of 2018, support for the legalization of medical cannabis is broadly popular in the state, while legalization of the drug recreationally remains a wedge issue. Both the state's legislature as a whole and its governor, Brad Little, remain staunchly opposed to its legalization for medicinal or recreational purposes.

<span class="mw-page-title-main">Stephen Downing (producer)</span> American film producer

Stephen Downing is an American screenwriter, producer, activist, and investigative journalist who began his screenwriting career in the 1960s while still working as a Los Angeles Police Department (LAPD) officer. Most of Downing's pre-1980 writing and producing credits appeared under pseudonyms to escape notice of the LAPD. Downing is active in the movement to end the international war on drugs and the militarization of police in America. In 2011, Downing became a board member of Law Enforcement Action Partnership, formerly known as Law Enforcement Against Prohibition (LEAP), after years representing the group as a speaker. He left the board in 2019, but is still an advisory board member who gives speeches and writes op-ed pieces on behalf of the group. He also volunteers his time as an investigative journalist, with a focus on police corruption and reform, for a local print newspaper in Long Beach, California. As a television producer and screenwriter he is best known for the series Walking Tall, RoboCop: The Series, T. J. Hooker and MacGyver.

<span class="mw-page-title-main">Legal history of cannabis in Canada</span>

The Cannabis Act (C-45) of June, 2018 paved the way for the legalization of cannabis in Canada on 17 October 2018. Police and prosecution services in all Canadian jurisdictions are currently capable of pursuing criminal charges for cannabis marketing without a licence issued by Health Canada. The Supreme Court of Canada has held that the federal Parliament has the power to criminalize the possession of cannabis and that doing so does not infringe upon the Canadian Charter of Rights and Freedoms. The Ontario Court of Appeal and the Superior Court of Ontario have, however, held that the absence of a statutory provision for medical marijuana is unconstitutional, and to that extent the federal law is of no force and/or effect if a prescription is obtained. The recreational use of cannabis has been legalized by the federal government, and took effect on 17 October 2018.

<span class="mw-page-title-main">Glossary of cannabis terms</span>

Terms related to cannabis include:

During the administration of American President Jimmy Carter (1977–1981), the United States gave further consideration to the decriminalization of cannabis (marijuana), with the support of the president. However, law enforcement, conservative politicians, and grassroots parents' groups opposed this measure. The net result of the Carter administration was the continuation of the War on Drugs and restrictions on cannabis, while at the same time cannabis consumption in the United States reached historically high levels.

The cannabis policy of the Reagan administration involved affirmation of the War on Drugs, government funded anti-cannabis media campaigns, expanded funding for law enforcement, involvement of the U.S. military in interdiction and eradication, reduction in emphasis in drug treatment, and creation of new Federal powers to test employees and seize cannabis-related assets.

KushCo Holdings is an American company that sells packaging, containers, and other ancillary products for the cannabis industry. It is based in Garden Grove, California and is publicly traded on the New York OTCQB marketplace under the stock ticker symbol, KSHB.

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References

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