Blunt Business

Robert M. DiPisa from Cole Schotz discusses recent developments in the cannabis industry in New York and New Jersey, with a focus on concerns about third-party advertising leading to consumer confusion. Legal challenges such as Leafly litigation and supply chain issues due to licensing delays were discussed. Additionally, insights were shared on proposed bills for psilocybin legalization in New Jersey for medicinal purposes. Robert highlighted his firm's emphasis on serving clients in the east coast region within these markets, providing a comprehensive view of the legal landscapes impacting cannabis businesses in both states and outlining key challenges and opportunities for industry stakeholders.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

We dive into the world of investment with Will McDonough, a titan in the financial industry and co-founder of Nancan Companies, as well as Chairman and Founder of Corestone Capital. With a track record spanning across continents and sectors, McDonough's insights are invaluable.In this episode, we explore McDonough's journey through the financial industry, from managing billions at Goldman Sachs to co-founding ventures like Atlas Mara. We delve into his foray into cannabis investments, discussing the strategic moves and considerations behind portfolio entries.McDonough shares his perspectives on emerging markets, including Green Energy Metals, the EV Market, and Bitcoin, shedding light on his approach to identifying opportunities and taking calculated risks.We also explore McDonough's recent ventures into the adult beverages market with Nancan Companies. We discuss the launch of Nantucket LONGBIRD™ drinks, infused with hemp and CBD, and McDonough elaborates on the flavor profiles and the company's focus on serving the Massachusetts cannabis market.Finally, we tackle the topic of investing in cannabis, analyzing the recent performance of cannabis stocks and the potential rewards and risks associated with this volatile market.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Matthew Ginder, Partner in the Cannabis Law practice group at Greenspoon Marder talks about Florida's adult use cannabis legalization, with a focus on achieving voter approval for Amendment Three in 2024. Matt Ginder and Brasco debated THC restrictions, consumption locations, and industry support, highlighting concerns about opposition from healthcare industries and the importance of strategic messaging by Smart and Safe Florida. They contrasted failed ballot initiatives with Smart and Safe's streamlined approach, addressing legislative challenges and market influence concerns. The meeting highlighted regulatory hurdles, industry influence, and the strategic lessons guiding Smart and Safe Florida's approach post-legalization, including legislative discretion, industry funding impact, public messaging strategies, and tribal involvement under Amendment Three. Compliance efforts by current operators were commended for maintaining industry standards and perception.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business welcomes Michael Wang, Co-CEO and CFO with ISPIRE, a company specializing in e-cigarettes and cannabis vaping products. Discussions included collaborations with Hidden Hills, new device launches like Switch One, and partnerships with Burna Boy. Safety measures, regulatory challenges, and quality assurance with ISO and GMP certifications were highlighted. Market trends indicated a rise in vaping products in cannabis sales, with projections of vaping reaching up to 50% of retail sales. Strategic global expansion plans were explored through partnerships outside North America. I Spire's role as an innovator in hardware design for over 400 brands without direct branding association was emphasized, showcasing their forward-thinking strategies for staying ahead in the industry.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business welcomes Sundie Seefried, CEO, Safe Harbor Financial to talk about Safe Harbor Financial's recent operations and future plans. Seefried highlights the company's successful earnings call, showcasing an 85.3% revenue increase in 2023 and strategic moves to expand services and launch new lending products. We delve into topics such as lines of credit for clients, challenges like 280E tax burdens, and the impact of rising interest rates. They explore underwriting requirements, lines of credit based on cash flow analysis, and reliability factors setting Safe Harbor Financial apart in supporting cannabis businesses.We also talk about possibilities post-280E burden relief, reinvestment options after descheduling, and market dynamics related to taxation changes affecting business growth strategies. Both parties emphasize the importance of advocacy for business integrity and compliance in the industry. Seefried's company is noted for prioritizing serving members over profit-driven motives, echoing principles of a credit union. Brasco appreciates this approach for offering better access to lending and services than traditional banks supporting cannabis businesses.Criticism is directed at government inefficiencies in managing tax revenue from the cannabis industry, with concerns about licensing fees overshadowing potential tax revenue gains. Despite legal complexities, both parties stress the importance of selecting reliable partners for sustainable business operations. The exchange concludes with plans for future communication regarding shared insights into industry practices.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Sara Gullickson, Founder and CEO from CB Advisors offers a sneak peek into her upcoming presentation at the Lucky Leaf Expo, where she will unveil strategies for executing operational plans for a successful cannabis launch in Minnesota. As the state gears up to join the ranks of legalized cannabis territories, her expertise promises to shed light on navigating this burgeoning market.We also tackle the ongoing debate surrounding the licensing process in Minnesota. With the proposed changes aiming to prioritize social equity applicants, Gullickson shares her thoughts on the merits of both merit-based scoring systems and lottery-based approaches. Drawing on her extensive experience in the industry, she offers valuable advice for businesses looking to thrive amidst these regulatory shifts.Furthermore, we explore the implications of temporary licenses and their potential impact on fostering diversity and inclusion within the industry. With Minnesota Governor Tim Walz's ambitious timeline to open dispensaries by 2025, Gullickson weighs in on the state's progress and assesses the framework laid out by the Office of Cannabis Management.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business discusses standardizing laboratory practices in the cannabis industry for accurate testing. We welcome Breanna Neff, Founder and Chief Food Scientist at brelixi, who shares insights on vetting labs for data integrity.Breanna introduced brelixi's products like THC/CBD powders for fast-acting functional solutions in daily life. NFL-funded research on cannabinoids as pain management alternatives, with two trials approved, was discussed. Neff also detailed brelixi's customizable shakes with low sugar content and unique electrolyte blends.We discuss the importance of education, diverse perspectives, and destigmatizing cannabis was stressed for potential funding rounds, as well as future product visibility strategies and collaboration enthusiasm.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business welcomes the CEO of Motif Labs Founder Mario Naric. We discuss the current state of the Canadian cannabis market, with Mario sharing insights on Motif Labs' success in the vapes and infused pre-rolls market. We highlight the significance of the upcoming review of the 2018 Cannabis Act, while later discussing the ongoing review of the Federal Cannabis Act and its impact on public health, consumption patterns, and indigenous communities. They also discuss the challenges and opportunities of navigating cannabis regulations in Canada, emphasizing the importance of compliance and exploring potential export opportunities.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

We continue our discussion with Cat Packer, Director of Drug Markets and Legal Regulation, Drug Policy Alliance about the Biden Administration's proposal to reschedule cannabis from schedule one to schedule three under the Controlled Substances Act, arguing that while this move is significant, it falls short of the promise of decriminalization made by President Biden. We also the federal government's recent analysis acknowledging the medical uses of marijuana, but also emphasized the need for further action to address the ongoing stigma surrounding marijuana use. We also discuss strategies for ensuring equity in cannabis licensing, including prioritizing social equity applicants, providing resources and education, and addressing predatory practices.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Cat Packer, Director of Drug Markets and Legal Regulation, Drug Policy Alliance joins Blunt Business for a 2-part interview where we first discuss the need for a comprehensive approach to cannabis policy reform that prioritizes social equity and harm reduction. We talk about the importance of addressing social equity concerns, such as the concentration of unlicensed activity in local jurisdictions, and responsible and equitable enforcement strategies to encourage consumers and businesses to participate in the legal market.We also delve into Cat's experience from her previous tenure where she served as the first executive director of the city of Los Angeles Department of cannabis regulation, leading efforts to advise and implement cannabis business Licensing and Regulation in the world's largest cannabis market.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Paula Savchenko, Esq. Founder, Cannacore Group discusses cannabis licensing and regulatory compliance and the challenges and opportunities therein.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Robert Hoban, Chair, Cannabis Practice, Clark Hill discusses the current state of cannabis legalization and industry development. We also discuss recent halts in licensing due to court decisions and Robert sharing his firm's expansion into the European Union. We also highlight discussed difficulties faced in New York's licensing process, challenges in social equity licensing, and legal and regulatory obstacles. We also debate the impact of scheduling marijuana on businesses and public health, weighting potential benefits while raising concerns..Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business welcomes Jeffrey Harris, the CEO of springbig to discuss the importance of loyalty programs in the cannabis industry, We follow up on Springbig's growth and expansion to over 3000 retail locations. We also look into the challenges and opportunities in the industry, including investment strategies, regulatory changes, and tax benefits. Both emphasized the need for convenient payment solutions and loyalty programs to drive industry growth.We go through Cannabis industry gift cards and loyalty programs, loyalty rewards program design., retailer loyalty programs and bonus points during holidays., loyalty programs and customer expectations in business., The challenges of taking a company public during a stock market downturn and Cannabis industry growth and challengesAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Adam Wilks, CEO of Carma HoldCo is back on Blunt Business to talk about his work operating his global licensing company behind the nation’s fastest-growing celebrity brands, working with icons like Mike Tyson (Tyson 2.0), Ric Flair (Ric Flair Drip and Wooo Energy drinks), Future (EVOL) and Hulk Hogan (Immortal) to turn their cannabis brands into lucrative businesses.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business speaks with the dynamic managing partners of Galaxy 1, Rick and Michelle Ringold. We hear about their option to enter the Illinois cannabis market through the social equity pathway given met the qualifying criteria but has set a new standard. Join us as they share their insights into building craft grow facilities that support non-multi-state operators, emphasizing their commitment to social equity in the cannabis industry.Discover how some MSOS could take advantage of struggling social equity licensees can bypass the Illinois social equity cannabis lottery program by buying their licenses. As the first independent social equity craft cannabis grower to commence operations in Illinois, Galaxy 1 is making waves, with a grand opening scheduled for February.Learn about Rick Ringold's military background and status as a disabled veteran, and business insights from Michelle Ringold, a certified public accountant with her own firm. Together, they offer a powerful combination of expertise, experience, and dedication to creating a more inclusive and equitable cannabis landscape.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

David Standa, partner at Greenspoon Marder, takes us on a journey through the intricacies of Minnesota's adult-use cannabis rollout. As a seasoned advisor in the cannabis industry, Mr. Standa shares insights into the challenges faced by the state, from issues of illegal possession to delayed dispensary openings and the crucial role played by the Cannabis Control Board.Delving into the peculiarities of Minnesota's cannabis program, Mr. Standa sheds light on social equity licensing, the need for a comprehensive licensing system, and unique features that set Minnesota apart from other states. Anticipating demand-driven success, he discusses the potential for dispensaries in northern Minnesota near state borders, including Fargo-Moorhead, Duluth, St. Cloud, and Mankato.Backed by a study revealing high cannabis consumption rates among Minnesotans, Mr. Standa explores the state's unique social equity requirements, including the 100% ownership mandate for applicants, and the challenges they face in securing financing, recognized by the Office of Cannabis Management (OCM).The podcast also touches on the potential legislative amendments suggested by the OCM, aiming to address financing hurdles for social equity applicants. Mr. Standa provides insights into Minnesota's ability to implement a competitive licensing system and the slow pace of government decision-making.Discover the impact of social equity provisions on Indigenous tribes in Minnesota, allowing them autonomy in opening dispensaries and cultivating cannabis. Uncover the dynamics of home growth and possession in the state, with a focus on the challenges faced by rural areas with limited dispensaries.The episode concludes with fascinating stories of success from tribal nation dispensaries, featuring Red Lake Nation's triumph despite geographical challenges and high demand leading to the shutdown of online sales.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business speaks with Christian Chavez, the seasoned CEO of Statis Cannabis Co., who brings 17 years of real estate expertise, including a robust 5-year stint in the cannabis industry. We delve deep into the intricate world of cannabis licensing, funding, and social equity challenges, specifically focusing on the burgeoning cannabis scene in New York.The discussion unfolds through key topics such as social equity licensing, obstacles faced in obtaining cannabis licenses in New York, and the unique challenges posed by the bustling metropolis of New York City. Christian shares invaluable insights into the complexities of operating cannabis retail dispensaries in the city and sheds light on his journey navigating the social equity fund landscape for cannabis businesses in New York.The episode also addresses a poignant story from NPR, highlighting the financial struggles faced by social equity licensees in New York, grappling with high interest rates on loans and mounting legal fees. Christian opens up about the slow and frustrating process of obtaining the $200 million social equity fund in New York, providing a firsthand account of the hurdles and setbacks.As the conversation unfolds, the podcast explores diverse perspectives on cannabis social equity funding from investors, with opinions ranging from acknowledging the high-risk nature of the industry to critiquing it as potentially predatory.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business gets an exclusive account on Opening a Dispensary After Winning The Illinois Social Equity Cannabis Lottery with one of those social equity applicants. Shankar Ramakrishnan is COO of Indus365, the company behind Mystic Greenz. . Central Illinois has been transformed by the opening of Mystic Greenz’ inaugural dispensary in Macon County, marking a significant shift in the region’s cannabis landscape. Located near the Decatur Conference Center and Interstate 72, this new establishment is poised to become a prominent hub for individuals in the Greater Decatur vicinity who are keen on exploring cannabis offerings. Shankar fills us in on the obstacles of going through the lottery process.,Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Blunt Business speaks with Dr. Benjamin Caplan, a distinguished family medicine doctor and member of the American Medical Association, who has overseen the healthcare journey of over 250,000 patients exploring the benefits of medical cannabis. Dr. Caplan recently published "The Doctor-Approved Cannabis Handbook," delving into the safe use of cannabis for managing various conditions like cognitive decline, cancer, chronic pain, depression, diabetes, insomnia, and headaches. Discover the effort behind building this comprehensive guide and gain valuable insights into incorporating cannabis treatment into everyday health.Learn about the recent scientific review recommending the reclassification of marijuana from Schedule I to Schedule III, potentially opening new medical possibilities. Dr. Caplan shares his perspective on the implications this could have, including the potential end of IRS Section 280e restrictions.Addressing federal scientists catching up with medical knowledge, Dr. Caplan reflects on whether the recent conclusions align with what doctors have known for years. Finally, hear Dr. Caplan's response to criticisms highlighted by The New York Times, addressing concerns about the strength and frequency of marijuana use, its ties to psychiatric problems, and the evolving landscape of therapeutic claims.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Brian Sullivan, CEO of Indoor Ag-Con fills us in on details of their upcoming Indoor Ag-Con, the premier trade show and conference dedicated to vertical farming, greenhouse, and controlled environment agriculture. Returning to Caesars Forum in Las Vegas on March 11-12 for its 11th annual event  For the first time, Indoor Ag-Con introduces a dedicated Cannabis Conference track for cultivators. Sullivan provides a sneak peek into the exciting sessions lined up, covering topics such as the evolving cannabis landscape, vertical racking systems for efficiency, MSO evolution, terpene excellence, and integrating cannabis cultivation with traditional horticulture.The conference agenda places a significant focus on Controlled Environmental Agriculture (CEA), reflecting the evolving landscape of crops grown indoors. Sullivan discusses how agricultural technology advancements and the growing demand for local food are driving this evolution across North AmericaAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy