The legalization of cannabis has brought a lot of new players into the industry, but some people have been doing the work for a long time. Alternative Medicine Association (AMA), the first licensed cultivator in Nevada, grew from years of experience providing relief to customers.
How the Canna Hemp brand was born from hope
Rebentisch credits 1933 Industries president Ester Vigil for creating an edifying cannabis retail model that resonates with cannabis consumers. Vigil comes from the cosmetics world, where teaching customers how to use the products is just as important as selling them. One of the greatest ideas she has brought to the brand is its team of brand ambassadors.
Along with the typical challenges of any business, companies that work in the cannabis industry in Texas must navigate conflicting state and federal laws, risk backlash from banks and state agencies, and overcome the stigma of selling a product that some consider dangerous or taboo.
And in January, U.S. Attorney General Jeff Sessions opened the door to new enforcement by rolling back an Obama-era policy that kept federal authorities from targeting the marijuana industry in states where sales are legal. The federal government classifies cannabis as a Schedule I drug, putting it in the same category as heroin and ecstasy.
Other uses When Dallas-based Roots Juices began stocking its shelves with cannabis oil, its smoothie and juice shops in Oak Lawn and Lakewood attracted a loyal clientele and also some unwanted attention from law enforcement.
Roots Juices sells a range of cannabis oil products, including brownies and muffins made by the shop and prepackaged drops, capsules and salves from Colorado, Oregon and California. They range in price from $3.50 for a muffin to $260 for a bottle of cannabis oil. The products have an even smaller trace of the psychoactive compound of THC than those sold by Texas cultivators, so they are classified as hemp.
About 15 percent of business comes from the cannabis industry, Ricca said. He said terpenes brought in $4 million of revenue in its first 15 months of sales. Companies have bought the terpenes to use in vape pens and e-cigarettes, gummy bears and gourmet cannabis cooking oils.
Founded in 2017, Italian brand Opera Campi creates premium quality garments from locally-sourced raw materials. By using a balanced approach to sustainability, the brand makes conscious choices throughout its supply chain and donates 4% of its profits to social causes.
Created by Jean Rousseau and Sean Knight, two friends who share a love for technology, cannabis, and branding, MERCHtender was born at the height of the pandemic. Over 1,000 miles apart and only seeing each other in person once in two years due to COVID restrictions, Jean and Sean are providing resources and support that could soon be overrun by Big canna-Business.
Apart from being the creative and design-focused force within MERCHtender, Sean is also the founder of The Yak Group, a website design and development platform for the cannabis industry, and is a co-host of Hotboxing in Humboldt, a podcast that focuses on cannabis strains, breeders, and farmers.
Sharing an interest in mission-driven efforts focused on community and firmly believing in marijuana as the plant-based alternative to addictive, synthetic prescription drugs, both Jean and Sean hope to see marijuana deregulated, decriminalized, and better integrated into our society. They also both hope to see MERCHtender as a major player in the visibility and accessibility of the cannabis industry.
Aside from the catalog of promotional items and the opportunity to feature up-and-coming cannabis brands within their marketplace, what Jean and Sean are most passionate about is building 1:1 experience between cannabis brands and their own personal merchandise tender. The founders are hoping that providing this type of built-in membership management will benefit companies of all sizes, eliminating the need for those companies to hire their own merchandising teams or even CRM specialists. This would provide the companies under their merch program with more time to focus on other aspects of their products, brand, and growth.
Our mission has been simple from the beginning. Here at Ananda Professional, family has always been a core value. Our company was created as an answer to a very complicated problem. With a little ingenuity and a whole lot of love, what started as little hope led to something much bigger than anyone could have imagined.
Conventional medical treatments were not helping Katelyn so the family, desperate for help, turned to medical cannabis. Medical cannabis has been shown to be one of the few therapies that mitigates the condition, and cannabis derived from hemp gave Katelyn substantial relief.
In his search for a healthy alternative to treat his granddaughter, Barry found Ecofibre. Ecofibre is an Australian genetics development company with over 20 years growing and breeding experience. It owns one of the largest and most diverse collections of hemp seed genetics with over 300 landrace species of cannabis from around the world.
Barry flew to Kentucky to inspect a joint venture between Ecofibre and US tobacco farmers who were part of the pilot program in the United States. The pilot program allowed for companies to legally grow, market and sell hemp under the program. Barry made his investment decision within 24 hours, and in 2015, Ananda Professional was born!
Charlotte's Web is a brand of high-cannabidiol (CBD), low-tetrahydrocannabinol (THC) products derived from industrial hemp and marketed as dietary supplements and cosmetics under federal law of the United States.[1][2][3] It is produced by Charlotte's Web, Inc. in Colorado. Hemp-derived products do not induce the psychoactive "high" typically associated with recreational marijuana strains that are high in THC.[4] Charlotte's Web hemp-derived products contain less than 0.3% THC.[5]
Charlotte's Web was a strain developed by the Stanley brothers (Joel, Jesse, Jon, Jordan, Jared and Josh[12]) through crossbreeding a strain of marijuana with industrial hemp.[13] This process created a variety with less tetrahydrocannabinol (THC) and more cannabidiol (CBD) than typical varieties of marijuana.[14] The Stanley brothers grow the plants at their farm and greenhouses. A CBD rich oil is extracted from the harvested plants and concentrated through rotary evaporation.[15] As it is so low in THC, the variety was originally called "Hippie's Disappointment".[8] It is a less profitable plant[16] with "close to no value to traditional marijuana consumers."[17]
The recent anecdotal reports of positive effects of the marijuana derivative cannabidiol for some individuals with treatment-resistant epilepsy give reason for hope. However, we must remember that these are only anecdotal reports, and robust scientific evidence for the use of marijuana is lacking... at present, the epilepsy community does not know if marijuana is a safe and effective treatment, nor do they know the long-term effects that marijuana will have on learning, memory, and behavior, especially in infants and young children.[23]
Third, the law outlines actions that are considered violations of federal hemp law (including such activities as cultivating without a license or producing cannabis with more than 0.3 percent THC). The law details possible punishments for such violations, pathways for violators to become compliant, and even which activities qualify as felonies under the law, such as repeated offenses.
The Farm Bill has no effect on state-legal cannabis programs. Over the past 22 years, 33 states have legalized cannabis for medical purposes, and over the past six years, 10 states have legalized cannabis for adult use. Every one of those programs is illegal under federal law, with no exceptions, and the Farm Bill does nothing to change that. That said, many in the advocacy community hope that the reforms to hemp policy under the Farm Bill serve as a first step toward broader cannabis reform. (Although I would argue that a soon-to-be-sworn-in Democratic House majority alongside a president with a record of pro-cannabis reform rhetoric is the more likely foundation for broader cannabis reform.)
The company operates 22,000 square feet of greenhouse cultivation plus a 1-acre outdoor grow. When necessary, it sources additional product from carefully vetted growers. It also works with select hemp farmers for a hemp-derived CBD line. CO2 and solventless extraction and manufacturing are done in-house, with testing at every product stage.
Founded by Wiseman, her mother, Dr. Octavia Simkins-Wiseman, and close family friend Dr. Larry Bryant, Mary and Main is a family enterprise. With 20 years of experience in dentistry each, Dr. Wiseman and Dr. Bryant now also seek to use cannabis to improve the lives of those suffering from debilitating illnesses.
According to a Marijuana Business Daily report from 2017, only 4% of African Americans were owners and founders of cannabis dispensaries. Women of color made up just a little more than 5% of senior roles in the industry.
Through Mary and Main, Wiseman hopes to help "kill the stigma the country has created about cannabis within the Black community," and "help African Americans realize the importance of their place in the cannabis industry."
The Consumption Park Cannabis Experience is a 15-acre cannabis festival that will take place from February 10th through the 12th just minutes away from State Farm Stadium, the site of this years Super Bowl.
Governor Kathy Hochul today announced next steps toward advancing equity in New York's growing cannabis industry. Today's announcement includes the selection of Social Equity Impact Ventures, LLC, a premier minority-led investment team, to sponsor and manage the $200 million New York Social Equity Cannabis Investment Fund. Impact Ventures is a joint venture between an entity led by NBA Hall of Famer and entrepreneur Chris Webber, who is currently an active partner in a fund for cannabis-related ventures, and entrepreneur Lavetta Willis, also a partner in the cannabis-related venture and who has extensive brand building experience; and a firm affiliated with Siebert Williams Shank, one of the nation's leading minority- and women-owned investment banking firms, that will be led by SWS CEO Suzanne Shank and SWS Chief Administrative Officer William Thompson, the former New York City Comptroller. 2ff7e9595c
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