The House Judiciary Committee sent House Bill 11-55 to the floor with a "Do Pass" recommendation Feb. 18.
Bismarck - The goal of decriminalizing marijuana in North Dakota took a step forward Feb. 18.
After nearly 90 minutes of discussion, the House Judiciary Committee sent House Bill 11-55 to the floor with a "Do Pass" recommendation.
The bill would make possession of an ounce or less of marijuana a non-criminal offense with a fee of $200.
The new containers reduce three layers of packaging to only one, with a tamper-evident shrink band adding another level of security.
Boulder, Colo. (February 19, 2019)—PRESS RELEASE—It’s no secret: The cannabis industry has a waste issue. Due to labeling regulations and product quality standards, many cannabis products are sold in multiple layers of plastic and packaging, leading directly to the industry’s carbon footprint problem. Now Wana Brands is advancing industry innovation by unveiling a more sustainable packaging solution for its artisan edibles. The new containers reduce three layers of packaging to only one, with a tamper-evident shrink band adding another level of security.
“Wana Brands wanted to reduce the amount of plastic waste in its packaging. This new container solution provides compliant, sustainable product storage that is reusable, recyclable and biodegradable,” said Wana Founder and CEO Nancy Whiteman. “Our new packaging combats the four adversaries of marijuana storage—moisture, oxygen, static charge and UV light—by being airtight, anti-static and UV light opaque.”
Wana’s new FDA food-grade approved plastic product containers will reduce both its environmental and storage footprints by eliminating the need for three layers of packaging, including a cardboard box, vial and plastic reclosable bag. The containers are machine-labeled with all relevant safety, compliance and branding information. The aesthetically pleasing sustainable packaging is recyclable but will also break down 90 percent faster than regular plastic products if it ends up in a landfill thanks to a biodegradable plastic additive. The sleek, modular storage solution streamlines operations across the cannabis supply chain, saving time, money and space. Wana Brands new packaging offers exceptional legal compliance and more shelf and storage space for distributors and dispensaries.
The new packaging features certified child-resistant and smell-proof containers with eco-friendly advantages. Wana Brands consumers can enjoy fresh products for longer while having peace of mind about child resistance. By purchasing Wana Brands products in its new packaging, consumers will reduce their environmental impact with less plastic waste. The new packaging is coming online in Colorado, Oregon and Michigan.
Moses and Seymour will help provide strategic advice and expertise to help accelerate profitable growth, manage risk and enhance operational performance.
GARDEN GROVE, Calif., Feb. 19, 2019 (GLOBE NEWSWIRE) -- PRESS RELEASE -- KushCo Holdings, Inc., the parent company of Kush Supply Co., Kush Energy, The Hybrid Creative and Koleto Innovations, which provide a range of services and products for the regulated cannabis, CBD and other related industries, has announced it has added Danny Moses, a private investor and entrepreneur best known for his role as a trader navigating the global financial crisis as chronicled in Michael Lewis’s best-selling novel “The Big Short” and Adam McKay’s Oscar-winning movie of the same name, and Tim Seymour, chief investment officer of Seymour Asset Management, and best known as the co-host of CNBC’s Fast Money, to the company’s Advisory Board. Moses and Seymour will help provide strategic advice and expertise to help accelerate profitable growth, manage risk and enhance operational performance.
Moses serves on the investment committee of Merida Capital Partners, a private equity fund targeting the fundamental growth drivers of the cannabis industry. He recently founded Moses Ventures, a multi-asset investment fund with a focus in cannabis, which he refers to as "The Big Long.” He began his career in 1991 as a municipal bond analyst for MBIA and worked as an institutional broker at a number of firms, including Oppenheimer. Most notably, he was a trader at Frontpoint Partners, a firm portrayed in both the book and movie "The Big Short.”
Seymour has over 22 years of investment experience as a capital markets professional across multiple asset classes and geographies. With a history of investing in new and emerging asset classes, Tim has been an early stage investor in the cannabis industry and acts in a formal advisory capacity to multiple companies in the sector. Tim has emerged as one of the top thought leaders and advocates for the cannabis industry. Seymour Asset Management manages cannabis assets for its clients as part of its overall asset allocation.
“Both Danny and Tim are invaluable resources to the KushCo Advisory Board with their distinct knowledge and experience. Danny is one of the most distinguished investors on Wall Street and will provide useful insights into our M&A and capital strategies. Tim, with his extensive background in international markets, will provide unique insight as we grow our footprint outside of the U.S. We look forward to leveraging both Danny and Tim as board advisors as we continue our record-breaking expansion,” said Nick Kovacevich, chief executive officer of KushCo.
The Advisory Board launched in November 2018 with the appointments of Matthew Morgan, an entrepreneur and business consultant with leadership experience in the cannabis and other CPG industries, Eric Smith, an industry veteran in the liquefied petroleum gas industry, and Ali Jahangiri, a digital publishing pioneer who has established and led several businesses across multiple verticals.
Oregrown’s co-founder explains how to set the tone for marketing brainstorm sessions.
When Chrissy and Aviv Hadar, co-founders of Oregrown, began considering ways to stand out in a crowded Oregon cannabis marketplace, they landed on a natural fit that blended their existing customer base with a vision for growth: athlete sponsorships.
The move conveyed a broader message of support for cannabis use in professional and amateur sports, and it netted Oregrown a clear brand that customers associated with the outdoorsy, active lifestyle that they already enjoyed.
And that’s just the most visible example of Oregrown’s marketing acumen—one we’ve written about for a Cannabis Dispensary cover story. There’s much more, and Chrissy will be talking about that at Cannabis Conference 2019. Here, she offers a preview of the methodology behind good marketing strategies in the cannabis space.
Chrissy Hadar: Here at Oregrown, we do all of our marketing and branding in-house, and a lot of it originates from our co-founders. So, that would be my husband and myself, and we have a great marketing team that we filled out underneath us over the past few years that kind of helps us hone in on the brand. When it comes to marketing, the best ideas come from the most casual situations.
I think if you sit down with an idea that you're going to come out of this exercise with this great marketing idea, it’s probably not going to happen. The best ideas that have come out of Oregrown have just been from free-flowing discussions, where we're talking about the brand and what it means to each of us. I also think it's really important to bring in on a regular basis a fresh set of eyes.
With that, you get other people's perspectives on the brand. You know how you view your brand and who your customer is, but how does that customer—people outside of that fishbowl—view your brand? And I think by taking into account their story of how they view your brand, you're able to kind of naturally push your brand forward and offer a new content and perspective.
CH: I think if an idea doesn't excite you from the beginning, you shouldn't do it.
A lot of ideas come across our table. And I think that they're good ideas, but if they don't excite me, like I immediately want to jump up and get to work, then it's probably not a good idea.
I think with anything you do in business, you have to go into it with a goal in mind—and there’s a short-term goal or long-term goal when it comes to any sort of marketing that you do. And you have to have a good idea of how you're going to measure the return on your investment going into it.
With that said, if you have a great marketing idea and you roll it out and you execute it to the best of your ability, and it isn't checking off the boxes of the goals that you initially set before going into the project, it's probably time to pivot and move on from that idea and try something else.
CH: Out intention going into the athlete program was to normalize cannabis—and not just for recreational use, but for recovery.
Our athletes are out there talking about cannabis, whether it be CBD or THC, showing that it can be a great addition to a healthy lifestyle. And so, I think a lot of the people that come into our store—being that we live in a mountain town, a tourist attraction, due our outdoor sports—people come in looking for something to help them recover from athletic injuries or just a rough day down the mountain. I think it makes it more accessible.
And it's just a really good reflection on the brand. The people that are coming into our store are good stewards of the communities that are out there doing things; they are not what people think of as your stereotypical stoner, and I think that really resonates with the community here in central Oregon.
The company's wholly-owned subsidiary, FV Pharma Inc., a licensed cannabis producer, has received its standard processing license.
TORONTO--(BUSINESS WIRE)--PRESS RELEASE--FSD Pharma Inc. has announced that its wholly-owned subsidiary, FV Pharma Inc., a licensed cannabis producer under the Cannabis Act, has received its Standard Processing License. According to Health Canada’s new Cannabis Act regulations, the Processing License is required for any facility that is processing more than the equivalent of 600 kg of dried flowers per year.
Dr. Raza Bokhari, executive co-chairman and interim CEO, stated, “This is a milestone for our company and is welcome news for our Cobourg facility. Receiving the Processing License allows the company to begin packaging cannabis for inspection by Health Canada. Effectively, this is the next step to applying for a pre-sale inspection, which we expect will be scheduled very soon. With the pre-sale inspection just around the corner, we anticipate receiving our sales license and begin generating a revenue stream.”
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Eric Sandy