Blunt Business

Terrence White, CEO and Founder of MONKO and Chairman of the I-71 Committee, explores the complex cannabis landscape in Washington D.C. Despite voter approval for legalization through Initiative 71, the Harris Rider restricts a regulated adult-use market, leading to a "gifting" model and lost tax revenue.The discussion delves into potential policy solutions beyond lifting the Rider, including replicating Maryland's successful market, revenue generation models, and strategies for federal advocacy.White addresses integrating cannabis into D.C.'s tourism sector, data on economic potential, recent changes in the "gray market," and the impact of stricter enforcement and an influx of medical dispensary licenses.He also tackles misconceptions surrounding D.C.'s cannabis situation, lessons from Maryland's legalization, and the potential for social and criminal justice reform through a fully regulated adult-use market.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Khari Griffin, a Cannabis Attorney at Clark Hill Law, joins Blunt Business to delve into the complexities of inconsistent state regulations on THC products. Key issues highlighted included concerns over high potency, youth access, and the lack of federal oversight, particularly regarding the 2018 Farm Bill and FDA inaction.The discussion also explored the influence of lobbying and public opinion, using Texas and Georgia as case studies to illustrate varying legislative approaches and the challenges faced by the hemp industry.We also emphasized on the need for future action from the FDA to establish clear standards for THC products, especially addressing synthetic THC.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Hanna Brand, co-founder and chief sales officer of Autumn Brands, talks about their commitment to sustainable cannabis cultivation, including their 100% spray-free practices using beneficial insects and their innovative water conservation methods, such as bio-swell systems and water reclamation from greenhouse runoff. Hanna also shared insights on the company's public farm tours, which aim to provide transparency and connect with the community. Additionally, she expressed concerns regarding potential tax increases in the cannabis industry and advocated for clearer labeling regulations to distinguish between organically grown cannabis and cannabis grown without any sprays. We also highlighted Autumn Brands' new product lines, including diamond-infused mini pre-rolls and the "Now Melt" wellness products.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

We hear from Clark Wu, a partner with Bianchi and Brandt about the complexities of the cannabis and hemp legal landscape. The conversation covers regulatory hurdles, compliance issues, investment opportunities, and the impact of campaigns and FDA actions. Key challenges discussed include inconsistent federal and state regulations, securing capital, and landlord hesitancy. The discussion also highlights the importance of proactive compliance and the potential impact of the Safe Banking Act.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Barbara Vaughn, Founder and CEO of Cannabicity and co-founder Stefan Sanzi discuss the New York State cannabis market's social equity licensees face significant challenges, including lengthy licensing processes, predatory lending, and navigating complex grant applications.  Cannabicity, founded by Barbara, launched the "Powered by Cannabicity" initiative to provide consulting, legal guidance, and funding (6-10% interest) to assist CAURD licensees in accessing and utilizing the $5 million grant program;  Stefan reported that the Office of Cannabis Management (OCM) is improving communication and streamlining the application process, though challenges remain.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

We learn about Qredible's compliance platform for the cannabis industry with Chairman and CEO Brian Fitzpatrick. The discussion highlights Qredible's use of blockchain technology and automated compliance checks, as well as its marketplace approach. Specific software solutions like Q Monitor, Q Transact, and My COA are detailed, along with the platform's ability to adapt to changing regulations. We also learn about Fitzpatrick's Credible Live podcast and discussed some of the topics covered, including regulatory challenges, fintech innovation, and market integration.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Terry Mendez, the new CEO of Safe Harbor Financial, the newly appointed CEO of Safe Harbor Financial, emphasizing their experience in the cannabis industry and business transformation . We discussed Safe Harbor's success in processing over $25 billion in cannabis-related funds, their strategies for navigating industry challenges (including regulatory hurdles and taxation), and their vision for expanding into a multifaceted fintech company offering various services beyond banking.  Mendez highlighted several new initiatives, such as debt restructuring, new programs (employee banking, Safe Harbor Connects), and the development of a lending platform,  while emphasizing the company's NASDAQ listing and data-driven approach to addressing industry pain points. Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Anthony Coniglio of New Lake Capital Partners returns to Blunt Business to discuss the current state of the cannabis industry. Despite delays in federal reform and setbacks like the failed Florida ballot initiative, New Lake Partners maintains a strong financial position. Coniglio highlights the company's disciplined capital allocation strategy, focus on limited-licensed jurisdictions, and key performance indicators such as AFO and AFO payout ratio.The conversation also covers strategies for mitigating risks, monitoring market conditions, and exploring future opportunities tied to potential federal regulation and increased institutional investor interest.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Zachary Kobrin, transactional and regulatory attorney at Saul Ewing LLP discusses the merging of the cannabis and alcohol industries, driven by shifting consumer preferences and the emergence of hemp-derived beverages. Kobrin discusses regulatory challenges such as stock exchange restrictions on cannabis companies and inconsistent federal regulations. The conversation also addressed the importance of compliance in restrictive states, regulatory transparency, and the limited impact of the Safe Banking Act on financial issues for cannabis businesses. Hemp-derived beverages were highlighted as a promising market opportunity, and frustration was expressed regarding the slow progression of cannabis regulation.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Jason Schwent, cybersecurity attorney at Clark Hill, addresses the growing cyber security risks facing the cannabis industry. The discussion highlights the unique vulnerabilities of cannabis businesses due to heavy regulation, reliance on third-party vendors, and challenges with payment processing. Clark Hill wrote an article on The Growing Cybersecurity Risks in the Cannabis IndustryAn attorney specializing in cyber security emphasizes the importance of due diligence when selecting vendors, particularly point-of-sale systems, and stresses the need for robust security protocols to protect sensitive customer data, including government IDs and medical information.We also explore the potential legal and financial repercussions of data breaches, including regulatory scrutiny, lawsuits, and damage to brand reputation. It concludes with recommendations for proactive measures, such as developing incident response plans, obtaining appropriate cyber security insurance, and treating cyber security compliance as an ongoing process integrated into regular business operations.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Zone Vapor CEO Josh Hoffman delves into the company's strategies for the 510 thread vape market, focusing on the innovative Zone Opto vaporizer. He highlights its customizable modes, user-friendly display, and quality commitment through a three-year warranty. Hoffman addresses concerns related to the vape crisis, emphasizing the safety of regulated products and the industry's focus on compliance. He also outlines Zone Vapor's marketing approach, which centers on influencer engagement and strategic retail partnerships. Furthermore, Hoffman shares his insights on future vape technology trends and draws upon his extensive experience in product development and brand management within the cannabis industry.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Ryan Burke, COO at Carma HoldCo shares news of Tyson 2.0's expansion into South Africa, its 17th international market.We highlight the strategic decision to enter the South African market due to its legalized personal cannabis use and market potential.We also emphasize the importance of local partnerships for regulatory compliance, adapting business models to diverse legal environments, and tailoring product offerings to local consumer preferences.We also discuss challenges in maintaining quality standards across global markets and future expansion plans within Africa and other global markets.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Keshawn Warner of Dazed Cannabis and Emiliano Cuellar of Ganja Gang detailed their blockchain-based inventory management system, designed to combat revenue loss and enhance compliance in cannabis dispensaries. Their system utilizes smart contracts linked to inventory, preventing unauthorized sales and reducing human error. They emphasized the real-world utility of their project, moving beyond traditional NFT applications by providing tangible value and focusing on compliance. Keshawn also highlighted the use of zero-knowledge proofs for age verification, ensuring consumer privacy and anonymity. They also discussed blockchain's potential to facilitate the transition of legacy operators into the legal market, enhancing efficiency and creating a safer environment for consumers. Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business welcomes back Jonathan Robbins, head of the cannabis practice at Akerman, to talk about the cannabis industry's persistent hurdles, encompassing federal reform, banking complexities, and state-federal law discrepancies. The stalled DEA rescheduling and the need for a revised hemp bill were key points.Banking challenges, including debanking and prohibitive tax rates, were highlighted, with the Senate's limited progress in addressing these issues noted. The ongoing legislative battles between branches of government, the impact of specific senators, and the necessity of grassroots advocacy were emphasized.The conversation also underscored the importance of legal and financial strategies for cannabis businesses, the need for increased cannabis research, and the potential impacts of upcoming Farm Bill amendments and state-level initiatives like Smart and Safe Florida's revised adult-use proposal.Future steps recommended include cannabis businesses preparing for THC regulation changes, exploring M&A and debt refinancing, and engaging expert advisors, alongside continued advocacy for federal reform.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business explores the complexities of New York's nascent legal cannabis market through a conversation with Joshua Wilson, the general manager of Culture House, a dispensary located in the heart of Midtown Manhattan. The discussion illuminates the hurdles and successes encountered by social equity license holders, the regulatory challenges faced by established brands, the influence of the newly formed Trade Practices Bureau, the nuances of True Party of Interest (TPI) rules, and the day-to-day operations of a cannabis retailer in New York City.Joshua's firsthand experience as a social equity license holder underscores the demanding journey from license acquisition to operational establishment. He stresses the pivotal role of carefully selected partnerships and active community involvement in accelerating the process, highlighting the necessity of maneuvering through a labyrinth of bureaucratic procedures. He acknowledges that success often hinges on a combination of strategic planning and favorable circumstances. Constant, transparent communication with the Cannabis Control Board (CCB) and other stakeholders is essential, demanding a level of diligence that can be overwhelming. Financial constraints are a persistent concern, forcing license holders to make difficult choices, such as postponing investments and limiting additional investor participation, to maintain financial stability. This delicate financial balancing act emphasizes the inherent risks and vulnerabilities faced by those striving to establish themselves in the market.The discussion then shifts to the obstacles encountered by the Cookies brand in New York. Initial plans to establish a Cookies dispensary were thwarted by regulatory complexities, necessitating a rebranding to Culture House. Joshua explains that while Cookies typically operates through partnerships with existing license holders in other states, New York required them to apply for a license independently. The decision to adopt the Culture House name was a strategic move to gain approval from the Office of Cannabis Management (OCM). Further complicating matters, the iconic Cookies logo had to be removed from the building's facade due to concerns about its visibility during the Macy's Day Parade, illustrating the stringent oversight and unique considerations within New York's regulatory landscape.The establishment of the Trade Practices Bureau in New York marks a significant step towards stricter enforcement of compliance standards. This bureau aims to curb illicit activities, including off-the-books product sourcing, undisclosed investor involvement, and misreported financials. Joshua expresses strong support for the bureau's mission, recognizing its potential to ensure fair competition and safeguard consumer safety. He anticipates that the bureau's enforcement will lead to a reduction in illicit cannabis operations, creating a more equitable market for legal businesses. However, he also acknowledges the potential for over-regulation and unnecessary measures, highlighting the delicate balance between enforcement and fostering a thriving market. Notably, Culture House has experienced an increase in revenue following the closure of illicit operations, demonstrating the tangible impact of regulatory enforcement on legal businesses.Navigating the intricacies of the True Party of Interest (TPI) rules presents another significant challenge for businesses operating in New York's cannabis market. Joshua explains that Culture House was able to circumvent the TPI agreement by structuring their operations to avoid direct ownership of the license. This strategic maneuver underscores the importance of understanding and adapting to the specific regulatory requirements of New York. The conversation also contrasts the cannabis markets in California and New York. Joshua observes that New York has implemented a more effective tax management system, while the saturated market in California has diminished the significance of retail operations. He also points to the struggles faced by cultivators in New York, suggesting that easing cultivation regulations could lead to improved product quality for retailers.The operational success of Culture House in Midtown Manhattan is attributed to its strategic location near Herald Square Park, a high-traffic area that ensures consistent foot traffic. The dispensary's location caters to the convenience-driven consumer behavior of New Yorkers. However, the complexities of payment processing for delivery services have led Culture House to discontinue this service. The walkability of New York City is a significant advantage, allowing customers to easily access the dispensary. Adapting to the unique consumer behavior of New Yorkers is an ongoing process, requiring a deep understanding of local preferences and trends. Joshua expresses optimism about the future growth of the cannabis industry in New York, anticipating further expansion and evolution as the market matures.In essence, this exploration provides a detailed overview of the challenges and opportunities within New York's evolving cannabis market. It highlights the resilience and adaptability required to navigate the complex regulatory landscape, the importance of strategic partnerships and community engagement, and the ongoing evolution of consumer behavior. The insights shared underscore the dynamic nature of the industry and the continuous need for businesses to adapt and innovate to thrive in this rapidly changing environment.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

This interview with David Spradlin from Golden Hour Collective provides a comprehensive overview of the evolving cannabis industry, focusing on the challenges and opportunities presented by its transition from a patient-centric model to a more corporate, adult-use market. Spradlin's insights, drawn from his extensive experience in the cannabis sector and his work with Golden Hour Collective, offer a valuable perspective on the industry's past, present, and potential future, particularly concerning the role of legacy operators and the impact of evolving regulations.Spradlin's journey in the cannabis industry began in 2006 on the grow side, eventually leading him to retail, where he sought to create a more welcoming environment for medical patients. He expresses concern about the increasing corporatization of the cannabis industry, highlighting the potential risks for smaller players and those with serious medical needs. He reflects on the difficulties of raising and deploying capital in this sector, acknowledging the uncertainty and experimentation that have marked its development. The conversation delves into the evolution of the cannabis industry in California over the past decade, emphasizing the challenges posed by increased regulation, competition, and law enforcement scrutiny. Spradlin underscores the significance of Northern California's role in cultivating many of the industry's most renowned strains and extracts, while also acknowledging the struggles faced by legacy operators in the region due to their isolation from the broader market. Golden Hour Collective, Spradlin's company, aims to bridge this gap, connecting these legacy operators with the wider California market.The discussion shifts to the regulatory challenges faced by small businesses and legacy farmers in California, attributing these difficulties to a system that favors larger corporations. The burden of state and local taxes is identified as a major impediment to the industry's growth. Spradlin points to the complex political landscape in California as a contributing factor to this intricate regulatory environment. The conversation explores the potential for Florida to learn from California's experiences, particularly in terms of incorporating corporate social responsibility and integrating legacy operators into the industry framework. The challenges faced by legacy cannabis operators in both California and Florida are examined. The Florida market appears to favor larger operators, while in California, legacy operators are struggling to keep pace with the changing regulatory landscape. The issue of social equity within the cannabis industry is raised, with concerns about the lack of a clear pathway for legacy operators to achieve legitimacy and ownership. Spradlin echoes these concerns, noting the success of Oakland's equity programs for those affected by the war on drugs, while pointing out the relative neglect of legacy operators. The conversation concludes that any framework for the cannabis industry must consider the needs of both legacy and equity operators.The challenges confronting small mom-and-pop farmers in California are discussed, focusing on the heavy burden of taxes and regulatory issues. The conversation highlights a recent legislative effort to allow small farmers to sell directly at state-sanctioned farmers' markets, which was ultimately unsuccessful. The high cost of licensing and permits for growers is identified as another significant obstacle. The potential 25% tax increase on cannabis in California is raised as a major concern, with Spradlin expressing fear that the state might be deliberately creating conditions that favor larger, well-financed operators at the expense of smaller ones. The overall sentiment is one of stress and uncertainty, with many operators unsure of how to navigate the current climate.The conversation concludes with a discussion of the challenges and strategies for sustaining a cannabis business. Spradlin emphasizes the importance of partnerships with small farmers and providing fair wages to employees, recognizing these factors as essential to a positive customer experience. He reflects on the success of his previous ventures, such as Perfect Union, and reiterates his commitment to upholding high standards within the industry through Golden Hour Collective. He is commended for his efforts in creating a state-authorized apprenticeship program and his dedication to fair wages and benefits for employees. The importance of supporting local farmers and the desire of customers to make ethical purchases are also highlighted. Spradlin's perspective, particularly through the lens of Golden Hour Collective's mission, offers a valuable glimpse into the complex dynamics of the cannabis industry, emphasizing the need for balance between corporate interests and the preservation of the industry's roots, while also highlighting the importance of social equity and sustainable business practices.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

This interview with Tara Coomans, CEO of Avaans Media, explores the transformative influence of artificial intelligence on journalism and public relations, with a particular focus on the cannabis industry. The discussion delves into the potential benefits and challenges AI presents for cannabis businesses, emphasizing the enduring importance of human creativity, trust-building, and strategic adaptation in this rapidly evolving media landscape. Coomans offers insights into navigating the complexities of AI-driven content generation, maintaining authenticity, and effectively reaching target audiences, particularly women, in the age of algorithms and deepfakes.The conversation begins by acknowledging the increasing prevalence of AI in media and its potential impact on the cannabis industry. Coomans highlights the shift AI is bringing about, moving professionals away from routine tasks and towards more strategic, managerial roles. The ability to provide clear instructions to AI systems and understand their technical underpinnings becomes crucial for cannabis businesses seeking to leverage this technology. Coomans stresses the need for organizations to develop values-driven AI policies that guide responsible implementation. She anticipates a move away from fear and resistance towards proactive adoption of AI, potentially leading to the emergence of Chief AI officers and widespread experimentation with the technology within the cannabis sector.The discussion delves into the intricacies of AI content generation using tools like ChatGPT and Claude, and their implications for cannabis brands. Coomans emphasizes the critical importance of understanding how these tools utilize and protect content, cautioning against feeding them proprietary information. Trust emerges as a central theme, with Coomans pointing out that AI tools often struggle to recognize trusted sources, which can be particularly challenging for cannabis companies navigating a complex regulatory environment. While the idea of requiring AI companies to cite their sources is raised, Coomans acknowledges the current lack of such a system. She also notes the limitations of AI-generated content in search engine results, where human-written content often performs better, a crucial consideration for cannabis brands seeking online visibility. The conversation reveals a surprising detail about Google's Gemini service, which reportedly restricts the generation of content related to cannabis and politics, highlighting the unique challenges and ethical considerations surrounding AI and content moderation in this industry.Despite the rise of AI, Coomans underscores the enduring importance of human-generated content for cannabis brands, particularly in building trust and connecting with audiences. She emphasizes the role of personal stories in enhancing media appeal and creating compelling brand narratives, especially within the cannabis industry, where overcoming stigma and building consumer confidence are paramount. Coomans acknowledges the dual role of PR agencies, serving both the media and their clients, and the challenge of keeping personal stories fresh and engaging while remaining compliant with regulations. She discusses the importance of preparing clients for interviews and developing key talking points that resonate with target audiences while adhering to industry guidelines. The conversation highlights the value of targeted interview questions and controlled content to ensure informative and engaging narratives that accurately represent cannabis brands.The discussion turns to the specific challenges and opportunities within the cannabis industry. Coomans and the interviewer discuss the current uncertainty surrounding the industry, the pent-up demand, and the potential impact of regulatory changes like rescheduling and safe banking. Coomans expresses skepticism about the outcome of the rescheduling hearing, while the interviewer remains optimistic about future growth. The conversation also touches on the challenges faced by the hemp industry due to a lack of federal oversight. Coomans introduces a new 3-month PR program designed to provide high-impact, low-commitment support to cannabis companies, demonstrating a proactive approach to addressing industry needs and navigating the complexities of the cannabis market.The conversation explores the potential of integrating new technologies like podcasting into PR services for cannabis companies. The interviewer introduces Podcastpressor.com, a service offering dynamic content creation, professional editing, and audiogram video clips for podcasts, which could be particularly valuable for cannabis brands seeking to reach new audiences and build brand awareness. Coomans expresses interest in integrating this service into her company's offerings. The discussion touches on the importance of transparency in paid content and its role in the future of PR, especially within the cannabis industry, where regulations and consumer trust are critical considerations.The conversation concludes with a focus on understanding and appealing to the female cannabis consumer, a crucial demographic for the industry's growth. Coomans emphasizes the importance of recognizing women as a powerful and influential consumer group, noting their preference for understanding and connection over aggressive sales tactics. She suggests alternative marketing approaches, such as lifestyle marketing and showcasing brand stories, to resonate with this audience. Coomans highlights the importance of brand research and the potential for women to boycott companies whose advertising does not align with their values. She underscores the significance of presenting the people behind the products, emphasizing that authenticity and genuine connection are more valuable than discounts or promotional offers when engaging female cannabis consumers. Coomans concludes that providing valuable content and product reviews that cater to the specific needs and preferences of women is essential for success in the cannabis market.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Paul Weaver, Director of Cannabis at the Boston Beer Company, shared insights into the company's Canadian Cannabis Division and their new product, Emerald Hour, a line of non-alcoholic cannabis cocktails designed for experienced consumers seeking a full-spectrum, solventless experience. The product launch strategy, focusing initially on the Ontario market due to its regulatory landscape, was discussed, along with plans for US expansion. The conversation highlighted the growing trend of consumers, particularly younger generations, shifting away from alcohol and towards cannabis-infused beverages, a phenomenon sometimes referred to as "cali sober." This demographic shift is driving innovation in the cannabis beverage sector, with companies like Boston Beer Company adapting to these changing preferences. The discussion also touched upon the challenges and opportunities within the Canadian cannabis market, including regulatory hurdles and the growth of cannabis-infused beverages. The potential of cannabis beverages as a healthier alternative to alcohol, with faster onset times and better control over effects, was explored, along with the increasing awareness of the health risks associated with alcohol consumption. The conversation concluded with a discussion of the challenges of expanding cannabis products into the fragmented US market, the importance of scale, and the potential for significant growth in the cannabis beverage market over the next decade.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Rocco Del Priore, Co-Founder of Sweed POS, discusses the critical importance of compliance and enterprise-grade solutions within the evolving cannabis industry. The conversation centers around Sweed POS's commitment to data security, regulatory compliance, and robust platform functionality, highlighting their achievement of both SOC 1 and SOC 2 Type 2 certifications.1The discussion begins with a deep dive into data security, a paramount concern given the sensitive nature of customer information and financial transactions within cannabis dispensaries. Rocco explains Sweed POS's comprehensive security measures, including encryption, access controls, and intrusion detection systems. He then emphasizes the significance of achieving SOC 1 and SOC 2 Type 2 certifications, industry-recognized audits that validate a service organization's internal controls over financial reporting and customer data security, respectively. Rocco clarifies the distinction between these certifications, explaining that SOC 1 focuses on financial reporting, while SOC 2 addresses customer data and security.2 He also differentiates between Type 1 and Type 2 audits, explaining that Type 1 demonstrates a company's knowledge of required procedures, while Type 2 proves their consistent adherence to those procedures over time. This distinction underscores Sweed POS's dedication to not just meeting, but exceeding, industry security standards.The conversation explores the complexities of data privacy regulations like GDPR and CCPA, particularly relevant given the vast amounts of customer data handled by dispensaries. Rocco explains that Sweed POS's all-in-one platform was designed with compliance in mind from its inception, streamlining data management and mitigating the risks associated with disparate systems. This integrated approach simplifies compliance efforts for dispensaries and reduces the potential for data breaches or inconsistencies. Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business explores the critical issues facing the cannabis industry, focusing on regulation, compliance, and investment, through the lens of the International Cannabis Bar Association (INCBA). David Ruskin, their newly appointed president, shared his insights on the organization's role and the evolving legal and regulatory landscape. Ruskin highlighted the INCBA's value as a network of experienced professionals dedicated to navigating the complexities of cannabis law. He emphasized the organization's role in providing access to expertise on diverse regulatory standards across different markets, a crucial benefit given the ever-changing rules governing the industry. The INCBA serves as a central resource for staying informed and connected, offering guidance on navigating the intricate regulatory environment. The conversation addressed the ongoing process of rescheduling cannabis under the Controlled Substances Act. Ruskin discussed the delays caused by new allegations and the subsequent public comment period, including an interlocutory appeal that further complicates the timeline. The potential impact of the Biden administration's support for rescheduling was explored, along with the possibility of increased DEA involvement in cannabis regulation following rescheduling. Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Luna Stower, Head of Impact at Ispire Technology, joined the conversation to discuss her role as a leader and advocate in the rapidly evolving cannabis industry. With a passion for social justice, regulatory reform, and technological innovation, Luna illuminated the path Ispire is forging to shape the future of cannabis. From groundbreaking partnerships with global icons to pioneering regulatory solutions, Luna shared insights into the company's impact-driven mission and its commitment to inclusivity, quality, and transparency.Luna began by highlighting Ispire's exciting partnerships with Afrobeats star Burna Boy and cannabis icon Snoop Dogg. These collaborations underscore the brand's commitment to cultural relevance and authenticity, leveraging the global influence of these artists to advocate for safe and responsible cannabis use. Luna emphasized how these partnerships reflect Ispire's dedication to quality assurance and reliability, ensuring consumers have access to premium products while elevating cannabis as a lifestyle choice.Ispire's strategic pivot to an asset-light model was a key focus of the conversation. Luna explained how this approach allows Ispire to expand internationally with agility, focusing on Africa and other emerging markets. This model also supports the company's efforts to maintain efficiency while scaling its innovative product offerings to new regions. Luna expressed her excitement about the global growth opportunities and the chance to bring Ispire's cutting-edge technology to underserved markets, fostering inclusivity and economic opportunity.As the discussion turned to regulation and policy, Luna shared her perspective on the global cannabis industry's challenges and opportunities. She emphasized the importance of understanding the distinction between legalization and commercialization, highlighting how the latter ensures tax control, regulation, and consumer safety. Luna also underscored the critical role of lobbying and media work in influencing lawmakers and shaping public perception of cannabis. She noted the threat posed by pharmaceutical companies, warning against the monopolization of the industry and stressing the need for a unified message around cannabis use.The conversation touched on Ispire's commitment to innovation in regulatory compliance, particularly its efforts to prevent youth vaping and expand the adult market. Luna highlighted the company's advancements in age verification and identity verification technology, ensuring that cannabis products reach the intended audience safely and responsibly. She emphasized the importance of industry stakeholders working closely with governments to develop regulatory solutions, advocating for a universal framework that could include existing acts like the Cosmetic Act of 1930 for hemp-related CBD products.Luna also shared her thoughts on the importance of fostering inclusive workplaces and empowering marginalized communities within the cannabis sector. She spoke passionately about the need for mentorship and networking opportunities for women entrepreneurs, as well as the value of having diverse voices in decision-making processes. Drawing on her work with the Indigenous Cannabis Business Association, Luna outlined her advocacy for social equity and her commitment to providing resources for marginalized communities to succeed in the industry.The discussion also addressed the importance of supporting social equity licensees, with Luna calling for financial, legal, and business assistance from companies and organizations. She emphasized that these resources are essential for fostering a truly equitable industry and ensuring that opportunities are accessible to all. Luna's advocacy extended beyond business operations, reflecting her belief that the cannabis industry has a unique role to play in addressing historical injustices and creating a more inclusive future.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business speaks with Dina Rollman, CEO of StrainBrain and board member of New Lake Capital Partners. The discussion explores the evolving landscape of the cannabis industry, the transformative potential of AI, and the challenges and opportunities facing businesses in this sector.Rollman shares her perspective on the uncertain legislative future of cannabis, acknowledging the political headwinds but remaining optimistic about potential progress, particularly in the area of rescheduling. She predicts that AI will be a major force in the industry by 2025, citing StrainBrain, an AI-powered product recommendation engine, as a prime example. StrainBrain addresses the overwhelming product variety and lack of consumer education in the cannabis market by offering personalized recommendations tailored to individual preferences.Beyond its consumer-facing applications, AI has the potential to streamline operations and improve compliance within the cannabis industry. Rollman and the interviewer discuss how AI can automate tedious record-keeping processes, improve accuracy, and potentially redefine roles within traditional businesses.The conversation then shifts to the current state of the cannabis industry, with both participants recognizing the challenges posed by regulatory uncertainty and tax burdens. They anticipate a wave of mergers and acquisitions as the industry consolidates, with non-publicly traded operators playing a key role. Despite these challenges, both express optimism for the future, highlighting strong industry leadership and potential for growth. Rollman's position on the board of New Lake Capital Partners provides her with unique insights into these industry trends.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Tyler Priest, the Chief Revenue Officer at Greenleaf Business Solutions, delves into the complexities of managing HR and payroll within the cannabis industry's complex regulatory landscape.Tyler Priest emphasizes the ongoing conflict between state and federal cannabis laws, particularly concerning 401(k) plans for cannabis companies. He highlights the need for comprehensive HR and payroll solutions tailored to the unique challenges of this industry, including payroll processing, HR consulting, benefits administration, and compliant 401(k) options.The conversation explores the difficulties in establishing traditional retirement savings plans for cannabis employees due to the conflict between IRS tax codes and cannabis industry regulations. Tyler Priest discusses Greenleaf's efforts to develop a compliant 401(k) solution that can be offered by various payroll providers, emphasizing their commitment to creating a secure and reliable retirement savings vehicle for cannabis industry workers.Tyler Priest also addresses the challenges posed by changes in 401(k) plan custodians and the need for reliable financial institutions willing to serve the cannabis industry. He introduces the concept of a pooled employer plan to ensure commitment from all parties involved, including mutual funds and custodians. The importance of future-proofing these solutions to avoid business interruptions is also emphasized.The discussion highlights the partnership between Green Path 401(k) and 1st Citizens Bank, underscoring the importance of collaborating with trusted financial institutions and advisors. Tyler Priest emphasizes the value of thorough vetting and due diligence when selecting partners in the cannabis industry.Tyler Priest and our host touch upon the potential impact of cannabis rescheduling on 401(k) plans and the possibility of increased employer contributions. They also discuss the challenges cannabis businesses face in accessing traditional banking services and the potential for regulatory changes to streamline this process.The conversation emphasizes the benefits of offering 401(k) plans as a retention tool and a differentiator for cannabis companies. They discuss various plan design options, including employer matching contributions and different contribution levels for managers.Tyler Priest highlights the value of partnering with experienced custodians like Mid Atlantic Trust to ensure the security and accessibility of retirement funds for cannabis employees. He stresses the importance of clear communication and financial education to encourage employee participation in 401(k) plans.Throughout the discussion, Tyler Priest and our host underscore the importance of professionalizing the cannabis industry and providing employees with access to the same benefits and financial tools available in other sectors. They conclude by encouraging cannabis employers to explore the Green Path 401(k) solution and prioritize the financial well-being of their workforce.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Socrates Rosenfeld, CEO and co-founder of Jane Technologies, explores the transformative potential of artificial intelligence in the cannabis retail sector. Rosenfeld unveils "my high," a cutting-edge platform designed to enhance the in-store experience for both customers and budtenders."My high" leverages AI to provide personalized product recommendations based on customer purchase history and preferences. This information empowers budtenders to offer tailored guidance, elevating customer service and fostering deeper connections. Rosenfeld emphasizes that the platform complements, rather than replaces, the expertise of budtenders, enhancing their ability to cater to individual needs.The conversation addresses the unique challenges of the cannabis industry, including stringent ID verification requirements. Rosenfeld highlights how AI can streamline these processes, creating a smoother and more efficient shopping experience. He envisions a future where technology seamlessly integrates with the in-store environment, optimizing operations and enhancing customer satisfaction.Rosenfeld and our host delve into the evolving landscape of omni-channel retail, particularly within the cannabis sector. Rosenfeld proposes innovative strategies to curate product knowledge for budtenders, enabling them to focus on a select range of high-potential and personalized recommendations. This approach, he suggests, can be applied across various retail sectors, from restaurants to brick-and-mortar stores.The discussion highlights the power of smart digital tools to revolutionize the in-store experience. By leveraging AI-driven insights, retailers can optimize product displays, personalize interactions, and create a more engaging and rewarding shopping journey for customers, ultimately driving sales and loyalty.Rosenfeld explores the potential of data analytics to optimize inventory management and pricing strategies. By analyzing consumption patterns and stock levels, retailers can implement just-in-time inventory systems, ensuring product availability while minimizing waste. Data-driven pricing strategies enable dynamic adjustments, maximizing profitability and enhancing competitiveness.Rosenfeld introduces the Jane Kiosk, an innovative in-store solution designed to enhance the shopping experience. These kiosks guide first-time shoppers, curate personalized product selections, and streamline the purchasing process. This approach empowers customers to make informed choices, reducing overwhelm and enhancing satisfaction.The conversation addresses concerns surrounding data security and privacy. Rosenfeld assures viewers that Jane Technologies prioritizes customer data protection, implementing robust security measures and adhering to strict privacy protocols. He emphasizes their commitment to responsible data usage and regulatory compliance.Rosenfeld discusses the company's adaptability to varying state regulations, highlighting the modular design of their software. He expresses optimism about the future of cannabis legalization and its potential impact on the industry, emphasizing their commitment to supporting their partners through this evolving landscape.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

This in-depth discussion with Jay Virdi, the Chief Sales Officer for Specialty Practices at Hub International, provides a comprehensive overview of the insurance landscape for the cannabis industry in 2025.The cannabis industry faces unique financial pressures, including inflation, rising interest rates, and specific tax burdens like the 280E tax code. Jay Virdi emphasizes the need for robust risk management strategies to navigate these challenges and ensure business continuity. He outlines the various insurable risks cannabis companies must consider, from property damage and business interruption to directors and officers liability. Virdi also explores alternative risk transfer options, such as captives, risk retention groups, and parametric insurance, offering innovative solutions for companies seeking to optimize their risk management approach.With the increasing reliance on technology, cybersecurity is paramount for cannabis businesses. Virdi stresses the importance of strong cybersecurity protocols and data protection measures to safeguard sensitive information and maintain business operations. He highlights the potential consequences of cyber breaches and encourages investment in cybersecurity infrastructure.Beyond financial and operational risks, Virdi underscores the importance of protecting a company's most valuable asset: its people. He advocates for comprehensive employee benefits policies and a strong focus on employee well-being, recognizing the crucial role a healthy and engaged workforce plays in overall business success.Product safety and liability are also critical concerns for cannabis companies. Virdi discusses the importance of implementing a robust risk mitigation strategy and securing adequate insurance coverage to protect against potential liabilities. He cautions against the risks of operating without liability insurance, highlighting the potential for catastrophic financial losses in the event of an incident.Looking ahead, Virdi and our host discuss the future of the cannabis industry, including its growth trajectory, the evolving regulatory landscape, and the potential impact of policy changes such as the anticipated rescheduling of cannabis by the DEA. Virdi emphasizes the need for ongoing adaptation, innovation, and a proactive approach to risk management to thrive in this dynamic market. Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

David Vaillencourt, CEO of GMP Collective, discusses the critical role of Good Manufacturing Practices (GMP) in the cannabis industry. David and host [Brasco's Name] delve into the impact of GMP standards on consumer safety, international trade, and building a sustainable cannabis market. They explore the implications of the Cannabis Standards and Regulations Act (CSRA), a Senate bill pushing for ASTM standards and FDA oversight of cannabinoid manufacturers.This conversation addresses the challenges of inconsistent lab testing results and how GMP certification can improve accuracy and reliability. David provides valuable insights on preventing product recalls by establishing a framework for quality control and risk mitigation. Furthermore, he examines the importance of GMP compliance for competing in the global cannabis landscape and provides practical advice for cannabis businesses on integrating quality management systems and best practices.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Join industry experts in a comprehensive exploration of the evolving cannabis landscape with featured guest, Richard Zwicky, host of The Green Peak on Cannabis Radio. This in-depth discussion delves into the complex world of cannabis legalization, market trends, and social impact, offering valuable insights for entrepreneurs, investors, and policymakers alike.Experts analyze the impact of the new administration on cannabis legalization, weighing the potential influence of big pharma lobbying against the administration's disruptive agenda. They examine the likelihood of federal legalization through legislative action versus court rulings, and discuss the implications of rescheduling cannabis to Schedule III.A thorough examination of the cannabis market's explosive growth is provided, with projections exceeding $50 billion in sales within three years. The discussion explores investment opportunities, particularly in dispensaries, and the role of technology, including AI and automation, in shaping the industry's future. Experts also delve into the economic implications of market consolidation, the impact of new trade policies on energy costs, and the potential influence of emerging technologies like AI on energy consumption. The discussion also addresses the critical issue of mental health in the workplace and its financial implications for businesses.This insightful series focuses on the cannabis industry's potential to drive positive change, including promoting social equity programs and facilitating criminal justice reform. It highlights initiatives like the Second Chance Reauthorization Act of 2024 and the challenges faced by social equity applicants, particularly in accessing capital. Experts emphasize the importance of grants over loans for social equity licensees, cautioning against predatory lending practices. They advocate for exceeding minimum compliance standards, emphasizing the importance of Good Manufacturing Practices (GMP) .Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Ziel is a leading provider of microbial control solutions for the cannabis industry, specializing in high-throughput, non-ionizing radio frequency (RF) technology. Driven by a commitment to innovation and compliance, Ziel offers cutting-edge solutions that ensure product safety, maximize efficiency, and meet stringent regulatory requirements, particularly in the rapidly growing European market.Unlike competitors who rely on ionizing radiation or face frequent machine breakdowns, Ziel's RF technology guarantees industry-leading throughput with no downtime. This allows processors to treat up to 500 pounds of cannabis in a single 24-hour shift, ensuring a continuous flow of safe, high-quality product. Ziel's technology, rooted in decades of proven science and refined through seven generations of innovation, preserves the integrity of cannabinoids and terpenes, maintaining the natural characteristics of the plant. This commitment to quality has earned Ziel a strong reputation and a loyal customer base across Europe and beyond.Ziel's latest innovation, the Rfx, is a compact and efficient RF solution designed by Richard Bruner, the renowned founder of Apple's Industrial Design group. The Rfx has been enthusiastically received in Europe, where GMP certification is essential for market entry. By offering significant return on investment and ensuring compliance with stringent regulations, the Rfx empowers cannabis operators to thrive in a competitive landscape.Ziel recognizes the evolving regulatory landscape and the increasing importance of compliance. Their partnership with Porta Canna, achieving the first EU GMP certification for RF microbial control in cannabis, underscores their dedication to meeting the highest industry standards. Ziel's proactive approach to compliance, including the development of comprehensive turnover packages for prospective customers, positions them as a trusted partner for businesses navigating the complexities of the European market.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

This insightful interview on CannabisRadio.com's "Blunt Business" podcast features Jeffrey Trappe, Chief Operating Officer of Florida Operations for Planet 13 Holdings Inc. Trappe and the host delve into a wide range of topics surrounding Planet 13's current operations and future plans in the Florida cannabis market.The conversation begins with Trappe's vision for cannabis consumption lounges in Florida, drawing on his experience with Planet 13's successful Las Vegas lounge. He envisions a space that incorporates food, music, and entertainment, creating an immersive experience for consumers. This segues into a discussion about the evolving cannabis retail landscape, with a focus on experiential concepts that go beyond the traditional dispensary model. Trappe highlights Planet 13's acquisition of Excel dispensary and their plans for smaller retail locations alongside their flagship superstore in Las Vegas.The interview then takes a deeper dive into Florida's cannabis landscape, including an analysis of the recent failed cannabis amendment vote. Trappe and the host dissect the campaign's shortcomings, such as the lack of a home-grow provision and ineffective messaging. Despite this setback, they express optimism for the future of cannabis retail in Florida, discussing Planet 13's strategy for transitioning Vitalcan locations into their brand and creating a unique shopping experience for patients.Operational aspects of Planet 13's Florida ventures are also explored, including quality control, potential delivery services, and expansion plans for their retail network and indoor cultivation facility. The conversation touches on brand partnerships, strategies for the medical market, and the launch of their new topical product, Medezine, in Florida. Trappe emphasizes the importance of offering diverse cannabis modalities, like topicals, to cater to various patient needs.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Travis "Shaggy" Marshall and AK, key players in the Death Row Cannabis operation, sat down for an insightful interview exploring the brand's journey. Shaggy, with his deep roots in the music industry as Snoop Dogg's long-time sound engineer, and AK, a respected legacy cultivator, discussed their roles in transforming the iconic Death Row Records into a multi-faceted brand encompassing cannabis. They emphasized their commitment to quality, highlighting premium products like liquid diamond-infused pre-rolls and their focus on delivering an exceptional user experience. AK, who began his cannabis journey assisting friends with cultivation projects, stressed the importance of quality and consistency in their offerings. Shaggy, who transitioned from an engineer at Doggy Style Records to overseeing product development, acts as a proxy for Snoop, visiting facilities and ensuring their cannabis meets the highest standards.Navigating the competitive California cannabis landscape requires a strategic approach. AK highlighted the importance of offering value and differentiating Death Row Cannabis from other celebrity brands that have failed to gain traction. He stressed their commitment to accessibility, ensuring their products are affordable for a broad consumer base. The discussion also touched on the delicate balance of evolving the Death Row brand while honoring its legacy. AK shared details about a limited-edition cannabis collection inspired by Tupac Shakur and the challenges of living up to the expectations associated with such an iconic figure.Their dispensary, Smoke Weed Every Day, located strategically in Los Angeles, offers a diverse product range. AK emphasized that all products, from the value tier to the high-end line, are personally vetted by Snoop Dogg, guaranteeing quality. They also discussed their plans for an exclusive menu, featuring infused joints and edibles, with aspirations to make it available worldwide.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Matt Hutchinson discussed LeafLink's new payment on sell-through model, which addresses the $3.8 billion in unpaid bills in the cannabis industry. This model guarantees payment for sold products and provides real-time insights to brands and retailers. It aims to alleviate cash flow issues by aligning cash inflows with outflows. The system is currently available in Michigan, Mississippi, and Colorado, with plans to expand. Hutchinson emphasized the importance of accurate inventory management and the benefits of this model for both retailers and brands. He also touched on the broader industry challenges, including the impact of delinquent payments and the need for legislative changes. LeafLink's new payment model aims to solve the pervasive problem of unpaid bills in the cannabis industry by guaranteeing payment for sold products and providing real-time insights to brands and retailers. This innovative approach aligns cash inflows with outflows, improves inventory management, and offers greater financial transparency. While the industry faces ongoing challenges like regulatory hurdles and banking limitations, LeafLink is committed to providing solutions that support the growth and stability of the cannabis market.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In the wake of the 2024 U.S. elections, cannabis reform has reached a crossroads, marked by victories and setbacks that reveal the complexities of the legalization landscape. Florida's Amendment 3 garnered majority support at 56%, but due to the state's 60% supermajority requirement, it narrowly failed, showing the strong yet complicated path for recreational legalization in traditionally conservative states. Meanwhile, Nebraska achieved a significant win with Initiatives 437 and 438, which introduced medical cannabis legalization and a regulatory framework for businesses, despite potential delays from legal challenges. In the Dakotas, efforts to pass recreational measures fell short, with North Dakota's Measure 5 and South Dakota's Measure 29 both defeated. The broader election results underscore a mixed national stance on cannabis reform—where medical use frameworks continue to expand, yet recreational legalization encounters legal and political barriers. This episode unpacks the progress, resistance, and shifting public opinion shaping the future of cannabis in America.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Jahmila Edwards, co-founder of Stash Queens, a woman-owned cannabis brand, discusses their journey and commitment to social equity. Edwards highlights the brand's focus on quality and accessible cannabis products for all communities, prioritizing these values over luxury branding. She also shares insights into navigating New York's complex cannabis market, including the challenges faced by social equity applicants and the disparities in access to medical dispensaries.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Bryan Barash, Senior Director, Assistant General Counsel at Dutchie discusses the potential impact of the 2024 Presidential election on cannabis legalization, emphasizing the importance of social equity in Florida's cannabis market and the need for federal relief to address corruption and ensure fair competition. The challenges posed by the absence of a SAFE banking act were highlighted, emphasizing the need for compliance to maintain consumer trust. Bryan introduced its Dutchie 2.0 platform, which aims to enhance the customer experience, drive revenue, and streamline operations, with a focus on compliance and advanced payment solutions. The conversation also explored the ongoing DEA rescheduling process, potential policy changes like the MORE Act and Safe Banking Act, and the differing approaches of Democratic and Republican-led states. Additionally, optimism about upcoming state ballot measures in Ohio and Pennsylvania was expressed, alongside recognition of hurdles in more conservative regions.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Gibran Washington, CEO of Ethos Cannabis, shares his unique journey from the food and beverage industry to leading a major cannabis company. He discusses his focus on operational efficiency, brand building, and customer satisfaction, drawing parallels between his experience in both industries. The article also delves into the complexities of cannabis taxation, featuring insights from Todd Polyniak, Head of Cannabis Practice at Sax LLP. Polyniak explains the potential benefits and risks of utilizing the 471C tax code provision, which allows small businesses to deduct certain inventory costs but can also trigger IRS audits if not applied carefully.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

BJ Carreta, Senior Vice President of TerrAscend, joins us to explore the complexities of maintaining brand consistency across various state markets in the cannabis industry. Emphasizing personalized marketing strategies, BJ highlighted the importance of leveraging customer data to create tailored experiences while navigating state-by-state regulations. The conversation delved into marketing challenges, including inventory management, supplier relationships, and the evolving landscape of digital marketing. BJ also shared insights on the potential changes in cannabis advertising with the possible rescheduling of cannabis, outlining both opportunities and obstacles ahead.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business welcomes back Anthony Coniglio, the CEO and co-founder of NewLake Capital Partners. New Lake Capital Partners has distinguished itself in the cannabis industry by providing non-diluted capital to operators through property acquisition and long-term leasing. With a diverse portfolio of 32 properties, including cultivation facilities and dispensaries, New Lake is a key player in the cannabis real estate market. Their expertise in underwriting credits and properties within this unique industry, coupled with potential regulatory changes like the reclassification of cannabis, positions them for continued success.The potential shift in tax regulations could lead to substantial savings for cannabis operators, potentially exceeding half a billion dollars across the sector. Such savings could bolster balance sheets, attract new investors, and positively impact the net present value of future cash flows, making the cannabis business more attractive to the investment community.The recent Federal Reserve rate cut, while potentially premature, could signal further reductions in borrowing costs, potentially fueling investment in the cannabis sector. While challenges persist in the industry due to factors like overbuilding and pricing pressures, the long-term growth trajectory remains strong, particularly in states like Ohio and Florida.New Lake Capital Partners emphasizes the importance of due diligence for investors, highlighting the need to scrutinize a company's balance sheet and debt load before making investment decisions. Their strategic approach to real estate investment, combined with in-depth industry knowledge and the potential for regulatory and economic shifts, solidifies their position as a leader in the dynamic cannabis landscape.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Christian Fea, co-founder and CEO of Monarch Technologies, discussed the launch of their closed-loop mobile app, BFLI, designed for the cannabis industry. BFLI aims to reduce cash transactions, which currently constitute 50% of cannabis payments, by offering a compliant, digital payment solution. FEA highlighted the challenges of cannabis banking, with only 200-250 banks accepting cannabis accounts. He also mentioned partnerships with cities like Desert Hot Springs for tax collection and compliance, and the potential for future lending services. The app, available on Apple and Google, is designed to streamline payments and tax processes, offering a more secure and efficient alternative to cash transactions.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business welcomes Angela Pih, the Global Chief Marketing Officer at CCELL, She tells us about the future of CCELL and the cannabis industry as a whole. They emphasized the importance of understanding consumer behavior, the unique dynamics of the cannabis industry, and the vital role of "bud tenders" in retail stores. They also discussed the necessity of improved training and education for bud tenders, consumers, and patients. The conversation further touched on the significance of authenticity and brand meaning, the rapid pace of change in the cannabis industry, and the potential for disruptive brands and companies.Angela also spoke about her new role at CCELL, where she'll be focusing on the non-plant touching side of the business, expressing excitement about developing new standards and exploring new opportunities to support CCELL's customers in the cannabis industry. Their ongoing efforts to drive consumer education and awareness were also discussed, with an emphasis on creating effective marketing campaigns that can be measured for their impact. In addition, they discussed the evolution of vape cartridge and battery technology, highlighting CCELL's significant investment in research and development. Angela confirmed her intention to visit CCELL's facilities to ensure the devices are properly calibrated and maintained for safety.A key focus of the discussion was CCELL's new Vision Box series technology, designed to address the common issues of burnt taste and clogging in vape devices. The Vision Box incorporates anti-burn and anti-clogging technology to ensure a safe and enjoyable consumption experience. Angela explained the anti-burn technology shuts the device off if it reaches an unsafe temperature, while the anti-clogging feature prevents oil leakage. The company's commitment to sustainability was also emphasized, showcasing devices that consume less energy and a campaign promoting recycling.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business speaks with Connie Pechmann, professor of marketing with UC Irvine's Paul Merage School of Business and an expert in consumer behavior. She is the lead author of a paper that published in Addiction about research that focuses specifically on the California cannabis retail market, examining purchasing trends and product preferences among young adults (age 21-24) in comparison to older adults (age 25+) from 2018-2021.Connie shared that the University of California, Irvine, has a long-standing center for research in cannabis, and she wanted to reach a broader audience by publishing her findings in Addiction. She also revealed that her research was funded by a grant from the Bureau of Cannabis Control in California, which allowed her team to obtain data from retailers without having to purchase cannabis for research purposes.Connie also discussed the analysis of a large dataset on retail sales, focusing on the purchasing patterns of customers with loyalty cards. They noted that this approach allowed them to study legal sales without the complications of obtaining permission to use products on human subjects. They also touched on the issue of obtaining products for research due to legal restrictions, with Connie clarifying that their campus does not cultivate cannabis. The conversation then shifted to the research conducted on the effects of cannabidiol and THC on driving performance, neuropsychiatric symptoms, and stress responses among older adults.Connie also discussed the challenges and progress of research on cannabis. Connie explained that while research papers are published in journals as soon as possible, studies involving human subjects are facing delays due to bureaucratic hurdles and the need for extensive oversight.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business explores the multifaceted landscape of the cannabis industry, focusing on both labor challenges and market dynamics with Marc Rodriguez, Co-Founder and CEO of Green Leaf Business Solutions. We delve into the complexities of high employee turnover rates, ongoing unionization efforts, and the critical need for specialized job training within the sector. The conversation also highlights the current state of the market, including delayed investments due to regulatory uncertainty, the ongoing consolidation of businesses, and the significant growth potential in emerging markets, particularly those legalizing adult-use cannabis. Additionally, experts touch on the potential impact of federal rescheduling and the subsequent tax benefits for companies. The dialogue underscores the dynamic nature of the cannabis industry, emphasizing the need for businesses to adapt and innovate in order to thrive amidst a rapidly evolving landscape.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blaze CEO Chris Violas discussed Blaze's newly updated retail point-of-sale (POS) system, which was designed with efficiency and user-friendliness in mind. The system offers features that enable front-of-house employees to get trained within five to ten minutes and check inventory levels quickly, which makes it highly intuitive. A key feature of this system is its hardware-agnostic nature, allowing dispensaries to use their existing hardware without needing to invest in new equipment. The development of the system took three years and was heavily influenced by customer feedback, ensuring that it addresses the needs of dispensaries. Early feedback from users has been very positive, with many praising the system's speed and ease of use. This positive reception indicates that the system successfully meets the needs of dispensaries, providing them with a seamless migration path to upgrade their current systems.The system's integration with state-regulated systems is a significant advancement, offering benefits for dispensaries of various sizes and budgets. Blaze's approach focuses on flexibility, prompted by longer sales cycles and direct customer feedback. Chris highlighted that the new POS system is easy to use and compatible with a variety of hardware, which makes it accessible to a wide range of dispensaries. This flexibility is further supported by Blaze University, a self-guided training program designed to help new staff quickly understand how to operate the system.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy