Bolder Business Strategies

How two young entrepreneurs navigated stringent state regulations and built their brand.

Consider the multi-phase evolution of Colorado’s cannabis industry: the illicit marketplace gave way to a relatively unregulated medical marketplace, which developed into a regulated medical industry, which opened the door for adult-use legalization.

Now, constantly shifting regulation in both the state’s medical and recreational industries creates a minefield of obstacles and hazards for aspiring cannabis companies.

Read more at Cannabis Now

Recipe: Go Bananas with Cannabis Infused Banana Salsa

This infused salsa recipe calls on the natural sweetness of bananas and the complimentary terpene profile of Glass Slipper cannabis flowers to bring something nice to your spice.

Salsa has a long history that can be traced all the way back to the ancient Aztecs: In Mexico, Aztec nobility would combine chilies, tomatoes, ground squash seeds and sometimes beans to make a dish that would evolve into contemporary salsa. With the Spanish conquest of Mexico came the “discovery” of tomatoes, the Aztec recipe and the birth of the name “salsa.”

Salsa was being manufactured y commercially as early as the 1800s, but by the 1970s, people coast to coast began discovering Mexican food and sales of salsa skyrocketed. Today, salsa’s popularity has grown so large that it rivals ketchup in sales figures.

Read more at Cannabis Now

Snoop & Martha: Best Buds

How an unlikely friendship budded into TV magic. “Martha & Snoop’s Potluck Dinner Party” VH1

Here’s a promising candidate for understatement of the year: Martha Stewart and Snoop Dogg were both a pretty big deal in the ’90s.

The decade witnessed the launch of the now-famous Martha Stewart Living magazine and television program, which catapulted Stewart’s already-rising profile to full celebrity status. By 1995, her picture graced the cover of New York Magazine, which declared her “the definitive American woman of our time.”

Read more at Cannabis Now

Goodbye Medical MJ, Hello ‘Medical AND Adult-Use’ Cannabis

California, the undisputed pioneer of state-level cannabis decriminalization, is about to make history again with the 2018 rollout of the largest regulated marijuana market in the United States. The recent unification of the state’s regulatory framework means that medical and adult-use cannabis will be governed by the same system.

There’s a new acronym in California cannabis — one acronym to rule them all.

Legislators in Sacramento recently approved Gov. Jerry Brown’s budget bill, and when they did, they also created a single, unified system for all commercial marijuana activity in the state.

Read more at Cannabis Now

Many Veterans Have to Break the Law to Use Medical Cannabis

For veterans in states with restrictive medical programs, acquiring the medicinal benefits of cannabis means breaking the law.

There are almost 900,000 military veterans living in New York State, and as many of 20 percent of them may suffer from post-traumatic stress disorder; if they served overseas in Iraq or Afghanistan — or if they were in Vietnam — that number may be as high as 30 percent, according to the Veterans Administration.

To call PTSD a debilitating nightmare is not an exaggeration: Sleepless nights, anxiety-filled days, and suicidal thoughts are common. The most common treatment is a pharmaceutical cocktail: anti-depressants, anti-anxiety drugs, and opioids.

Read more at Cannabis Now

NCIA Expo Oakland: Day Three (Plus Mini Cup Results!)

Following a night of festivities across the cannabis industry’s spiritual home in Oakland, the final day of the National Cannabis Industry Association’s Summit & Expo hit on emerging issues like tax reform and industry-wide packaging standards.

Things started fast on the final day of the NCIA expo: Harborside Health Center’s CEO and co-founder, Steve DeAngelo, and the dispensary’s lead attorney, Henry Wykowski, (one of the top pot tax attorneys in the business) talked about section 280e of the tax code, which prevents legal lot businesses from deducting basic business expenses like rent.

Last November, following Berkeley Patients Group’s victory over the Department of Justice, Wykowski told Cannabis Now that Harborside’s own 280e case is a big domino waiting to fall— the results (either way) will set precedent for the entire industry.

Read more at Cannabis Now

FAKE WEED, REAL CONSEQUENCES

Starting around 2011, it happened in the nation’s capital—a lot.

Police responding to reports of a crazy person, naked, yelling, running down the street, obviously overdosing on…something.

Most suspected meth. Some suspected LSD. Others thought the crack epidemic was back. And an uninformed few thought it was the result of marijuana addiction—that this was reefer madness.

Read more at Dope Magazine

CA’s Legal Weed Market Is Worth $5 billion — There’s a Catch

California already accounts for roughly a quarter of all legal cannabis sales in the Unite States and is poised to be an economic powerhouse in a decriminalized national industry — if it can introduce regulation without empowering a new illicit market.

By sheer numbers, California is easily the nation’s largest market for legal marijuana — which means the state is the biggest bonanza for cannabis sales on the planet.

Once legal commercial sales of recreational cannabis begin sometime next year, California will play host to a $5 billion legal marijuana market, according to a recently released state-sponsored study from UC Davis.

Read more at Cannabis Now

NCIA Cannabis Business Summit & Expo in Oakland: Day Two

4,500 participants at the fourth annual NCIA mega-conference woke up in Oakland — a newly rechristened city of champions following the Golden State Warriors’ NBA Finals victory — and embarked on a day filled with industry leaders, celebration of the past year’s success and excitement for the future.

The first full day of panels and workshops at NCIA was opened by Executive Director, Aaron Smith, who explained the purpose of the business organization; to advance business interests —the NCIA is made up of 1,300 member businesses in 13 different states — but also to promote cannabis decriminalization as a social justice and freedom movement.

“Believe it or not cannabis is still illegal under federal law,” he said, adding that the roughly $7 billion industry is uprooting “criminal drug cartels here at home and south of the border.”

Read more at Cannabis Now

DRONE DELIVERY: WILL IT GET OFF THE GROUND?

Stoned and craving Scooby snacks? Just puffed up the last of that Tangerine Dream and needing a re-up? Don’t despair – drone delivery is here! Or at least the idea…

All you have to do is call up your local recreational weed store, pay probably too much for a quarter ounce (but hey it comes with papers and a variety of strains in fancy glass containers), you don’t have to worry about your lost car keys and boom, buzz-buzz-buzz and your friendly neighborhood drone is flying out there with a fresh stash.

What Could Go Wrong?

Read more at Dope Magazine