Questions Anthropologists Should Ask When Buying Cannabis

Posted Posted in Women Who Inspire

Larisa Bolivar has published articles in respected publications such as the Denver Post, and in 2017, she published the Cannabis Consumers Coalition: 2017 report on Cannabis Consumer Demographics and Consumption Habits that was mentioned by Forbe’s, Entrepreneur and Investing News. A well-recognized global expert on cannabis policy, industry and business, Ms. Bolivar has been featured and quoted in multiple publications and speaks on a variety of cannabis business and advocacy topics at major conferences around the globe.

open a cbd company

Why You Should Open A CBD Company

Posted 2 CommentsPosted in CBD

You should open a cbd company because it is a once in a lifetime opportunity to in on the beginning of a new and rapidly growing market. Food and beverage products containing CBD were introduced to the consumer in the United States in 2017. 

CBD retail sales for 2017 were $358.4 million, $512.7 million for 2018. 

Bloomberg Businessweek: Researchers estimate the market for CBD in the U.S. alone could be worth almost $24 billion by 2023. In Canada sales of legal cannabis may reach $4.7 billion by that time, up from about $570 million last year, according to BDS Analytics. Annual sales of CBD could potentially be larger than those of marijuana, analysts say, because of the large number of products in which it can be used.

National companies have begun carrying cbd products, many have or are developing their own cbd lines. 

Large chains, including Walgreens, CVS Pharmacy, Ultra Beauty, Neiman Marcus and Kroger, have announced that they plan to sell CBD creams, salves and other topical products.

Urban Outfitters, Alkaline Water Co., Heinken, and Constellations Brands have added their names to the list of companies moving into the marketplace. 

National companies are entering into the cbd marketplace based upon analysis of consumer demand and overall profitability. As an entrepreneur considering entering into the cbd marketplace this is both intimidating and reassuring. You have the benefit of big corporations’ research that confirms cbd products are profitable and the market will continue to grow. CBD and hemp based products are not a fad. 

Hemp and hemp oil are used in place of cbd to avoid advertising, labeling and shipping issues, as state regulations for cbd vary.

It is intimating that you will be competing with large corporations for your market share.

You will also be competing with THC companies that have expanded into cbd/hemp products and with established cbd companies. There are also countless smaller cbd/hemp product companies populating the internet. 

If you are thinking the marketplace is already too crowded to open a cbd company, that you couldn’t compete against the “big guys”, that there’s too much risk, that you’ve missed the opportunity, you are wrong and you are not a true entrepreneur.  You can stop reading now!

The cbd product market is currently less crowded and less competitive than real estate.

The Association of Real Estate License Law Officials estimates that there are approximately 2 million active real estate licensees in the United States (2018). According to data from the National Association of Realtors, 5.34 million existing homes were sold in 2018.  According to the U.S. Census Bureau 667,000 newly constructed homes were sold in 2018. That averages out to approximately 3 home sales per realtor.

When you analyze all existing cbd and hemp oil companies you discover an ebb and flow, with each online company that closes a new company replaces. A vital piece of information we do not have access to is the sales from these online sites.

It is not expensive to maintain an e commerce website. Sales could be low and the site continues to be active. We have all heard that it takes at least 2 years for a new business to break even. That does not apply to online cbd companies. Patiently waiting for the first two years to pass thinking your product will suddenly catch on fire is business sabotage. 

You need a Purple Cow marketing strategy. The concept of the Purple Cow was introduced by Seth Godin, “But if you drive by a heard and standing in the field is a Purple Cow you have to tell someone because it is so different. When something forces you to remark on it, by definition it is remarkable.”

To further ensure your success you need accurate and relevant knowledge of the regulations, procedures, processes, market, quality of products, and solid relationships within the industry.

How to Open a CBD Product Company and How to Open a Hemp Based Food Company are taught by company founders/CEO based in Colorado. The business courses offers the instructors’ expertise how to launch, succeed, and expand your company. The courses also include instructors who specialize in compliance, human resources, health and safety, business contracts, and marketing. 

There will be regulatory changes and new development that cannot be foreseen. Online Mentors & Members Forums can be accessed to connect with the instructors, other cbd business owners and industry leaders to answer your questions.

Providing the knowledge to set up and launch your company, and access to mentors does not guarantee your business success. As an entrepreneur, you know that success also depends on how much time (the hustle) you spend working on and in your business. 

The Women’s Cannabis Chamber of Commerce goal is to move women beyond empowerment into powerful result driven career strategies, CEO positions, and business ownership. To achieve these goals we offer business courses taught by established, successful entrepreneurs from cannabis, hemp, and cbd companies. Courses are also available for download on our website. Members & Mentors Forums are open to members. Quarterly Women Cultivating Success conferences are an educational and networking platform open to all entrepreneurs. 

How to Open a CBD CompanyHow to Open a CBD Company

Women's Cannabis Chamber of Commerce

Women’s Cannabis Chamber of Commerce creation and evolution Part II

Posted Leave a commentPosted in Cannabis Business Stories

I was the first person in line for the Cannabis Cup. There was an energy and smoke in the air. The entrance was surrounded by press, but they didn’t want to talk to me. The press was seeking out the most outlandish clad, pierced and tattooed people in line.

I overheard a couple of the interviews. The lead in question was “Why are you here?”. The answers surprised me. “I’m here to learn more about growing…new products…new strains…attend a seminar.” Not the answers the press wanted. They persisted, “Are you here to get high and party?” That question and answers made the nightly news.

Women's Cannabis Chamber of CommerceThe atmosphere was a cross between a tradeshow and a rock festival. I talked to each vendor. Although many were not seasoned business people, they were serious about the future of their companies. Their concerns were regulations, marketing and growth.

I sat in the back row for the symposiums and speakers. My heart rate quickened, I became aware of my breathing, it was as if I had discovered a life changing secret. It was the realization that cannabis as a business was going to be huge, that cannabis could heal, that cannabis could change the world in positive ways. And, most of all the emerging cannabis market was an opportunity for women to become company owners and CEOs.

Like the gold rush, this was a once in a lifetime opportunity and it was happening in my lifetime. I would be stupid not to seize this opportunity. I had no idea what my involvement or business would be.

During the drive back up the mountain, I argued with myself. How could I make a such a radical decision based on four days of research? My life was good, why get involved with a Federally illegal substance. This could go terribly wrong. Maybe I’m just high. It’s been years since I’ve smoked and there was a lot of marijuana in the air. I’ll get a good night’s sleep and everything will back to normal.

I woke up refreshed and focused.  I needed to do more research.

I didn’t realize that the only normal in my life was going to be NORML.

Three weeks later I was at the NORML Conference in Denver.

Women's Cannabis Chamber of Commerce

The Women’s Cannabis Chamber of Commerce is focused on all aspects of business. Our instructors have founded and developed businesses.

The Women’s Cannabis Chamber Chats videocast encourages guests to talk about what it took to launch their companies. The Quarterly Chamber Connect events brings business and industry leaders with presentations on relevant topics.

The blog gives women business owners a platform to write about their business journey.

Keeping with the “how to open a company” theme I am writing about how the Women’s Cannabis Chamber of Commerce began and evolved.

Women's Cannabis Chamber of Commerce

Why Compliance Audits Matter in your Licensed Cannabis Facility

Posted Leave a commentPosted in Cannabis Businesses, Women Owned Cannabis Businesses, Women Who Inspire

Why Compliance Audits Matter in your Licensed Cannabis Facility webinar is part of a monthly series on compliance.

This is an opportunity for anyone in a licensed legal State who works in, owns, or is considering starting a cannabis business. 

Topics covered in this webinar are:

*What is an Audit and Why do you need one

*Audit Types

*Third Party Audits

* How to Self Audit

* What does auditing do for your business

*How to prepare for your State Inspection

Jenny Germano is the founder of ICS Consulting Services, national speaker and is one of the instructors for the Women’s Cannabis Chamber of Commerce online business courses: 

How To Open A Dispensary

How To Open An Edibles Company

How to Open A CBD Product Company

ICS Consulting Services

Join us for our next upcoming ICS Webinar Series for June 26th 2019

@ 11 am MST.

 WWW.ICSconsultingService.Com

 

Madam C. J. Walker

Madam C. J. Walker Creating Success for Women

Posted Leave a commentPosted in Women Who Inspire

Madam C. J. Walker is my business mentor, inspiration, and motivator. Born Sarah Breedlove in 1857, she was orphaned at the age of seven. She often said, “I got my start by giving myself a start.” Sarah Breedlove went from picking cotton to changing the role of all women in business.

Struggling financially, facing hair loss, and feeling the strain of years of physical labor, Walker’s life took a dramatic turn in 1904. That year, she not only began using African American businesswoman Annie Turbo Malone’s “The Great Wonderful Hair Grower.”

In 1915 at the age of 58, she renamed herself  Madam C. J. Walker and with $1.25, launched her own line of hair products and straighteners for African American women, “Madam Walker’s Wonderful Hair Grower.” Madam C. J. Walker paved the way for Mary Kay, Avon and home parties like Tupperware. Two years later she opened a beauty school in Pittsburgh. In 1910 she opened the Madam C. J. Walker Manufacturing Company in Indianapolis,

Madam C. J. Walker created successful marketing strategies, training programs and distribution models that were considered innovative for the time.  She organized clubs and conventions for her representatives, which recognized not only successful sales, but also philanthropic and educational efforts among African Americans.

Madam C.  J. Walker was an advocate of economic independence for black women. She opened training programs in the “Walker System” for her licensed sales agents. She paid generous commission and employed over 40,000 African American women and men in the US, Central America and the Caribbean. The “Walker System” provided lucrative incomes for those whose main options were jobs as farm laborers or servants

Madam C. J. Walker founded the National Negro Cosmetics Manufacturers Association in 1917. She was an active part of the  social and political culture of the Harlem Renaissance.  Her philanthropies included educational scholarships and donations to homes for the elderly, the National Association for the Advancement of Colored People, NAACP, and the YMCA.

negotiating style

Negotiating Style Part 3

Posted Leave a commentPosted in Marijuana Businesses, Negotiation

The negotiating style of the person you are in discussions with will set the tone for contract negotiation. Pre meeting preparation will enable you to adjust your approach and strategy for each negotiating style.

The most common style of negotiator is the Competitor. The Competitor is motivated to achieve their own outcomes without concerns for the other individual’s business interests. This style of negotiator is not interested in long term relationships or business reputation. They are more interested in winning than reaching an agreement. This creates deadlocks. The Competitor is more likely to walk away from negotiations rather than make concessions. This negotiation style can sabotage a company’s growth and jeopardize business relationships.

Stay calm and focused on the terms of the agreements. Your BATNA (Best Alternative to a Negotiated Agreement) is the standard you use to determine if terms are too unfavorable to accept. Accepting a competitive negotiator demands will be interpreted as weakness and they will request more concessions. Firmly restate your position using strong language “we require” or “we need.” Do not use “we’d like” or “want” with this type of negotiator.

The Accommodator negotiating style is focused on building relationships. This negotiating style offers generous product and service concessions. Giving away value early in the negotiation leaves them with little to offer as talks continue.

The Accommodator negotiating style can lure you into reciprocation and obliging you to a larger concession. This negotiating style can also be an indication that they are an incompetent negotiator. Their generous concessions could jeopardize the viability of their company. What they are offering has no value if  their company has no value.

The Avoid negotiating style can be best described as “passive aggressive.” Avoid is used by people who dislike conflict. This behavior delays coming to a contractual agreement. The business with the greatest urgency will end up losing. Avoidance is a common tactics when sales/vendor timelines are crucial.

Do not disclose information about the urgency of your need.

Determine if the value of investing your time to bring the issue back to the table outweighs the benefit.

Set a timeline with clear expectations, details and dates.

Compromise negotiation style consists of “haggling” and “splitting the difference”, without any understanding or value creation taking place. This negotiation style involves one or both negotiations settling for less than they wanted or needed.

If you make concessions without a strong rationale, the other party may assume you will continue to make concessions.

The negotiator that starts with the more ambitious opening position is likely to win. If the other party has the more ambitious opening position, quickly bring them back to reality or counter balance with an extreme position.

Compromising style is often confused with Collaboration style negotiation. Collaboration ensures both parties’ needs or goals are met and creates mutual value.

Often referred to as ‘expanding the pie’, collaborative negotiators are willing to invest more time and energy in finding innovative solutions, feeling secure in the fact that there will be more value to share out later on.

Collaboration is Win-Win negotiating.

Quiz to determine your negotiating style.

Addison Morris has been a serial entrepreneur since 1968. Addison believes that in the politically charged, competitive cannabis, hemp, and cbd marketplace, business principles and best practices are a crucial element for success. She speaks and teaches marketing, and negotiation skills. Her goal is to move women from empowerment into power through business education, resources and connections. Addison is the founder of the Women’s Cannabis Chamber of Commerce.

Empowerment

What Is Empowerment?

Posted Leave a commentPosted in Women's Interests

Empowerment is a familiar word. Many of us stare at empowering quotes on our mirrors or frig every morning. We post empowering memes to facebook and write empowering affirmations  in journals. We stream empowering podcasts and videos, attend workshops and seminars. We are quick to offer words of empowerment to friends struggling with a bad work situation.

We Are Empowered!

But what does that actually mean? You can’t take empowerment to the bank or pay the bills with it. Does empowerment result in a better career or promotions or produce success? Is the result of empowerment power?

The Oxford English Dictionary defines empowerment as:  Authority or power given to someone to do something. The process of becoming stronger and more confident, especially in controlling one’s life and claiming one’s rights.

Merriam Webster definition is: the state of being empowered to do something :  the granting of the power, right, or authority to perform various acts or duties.

To be empowered do we need to first be in a position of disempowerment?

Merriam Webster defines disempowerment as: to deprive of power, authority, or influence : make weak, ineffectual, or unimportant.

Deprive of power, authority, or influence. There is no freedom in those words. They are cold and cruel. Make weak, ineffectual, or unimportant. The words of emotional and physical abuse. There is no respect any of the words. So, does empowerment give us power, authority, or influence? Does empowerment make us strong, effectual, and important?

Power is controlling and benefiting from our resources, assets, income and time. Power is the ability to manage risk and improve our economic and personal well being. Power is having a voice.

Empowerment is a process not a solution. To move from empowerment into power, actions must be taken.

Replace the quotes on your mirror and frig with your goals and a “to do list” of the steps you think you need to accomplish your goals. Develop a timeline, and develop the discipline to adhere to it.

Seek out associations and groups of like minded people for support, information and resources. Our greatest resource is the people we meet. They can provide valuable advice based upon their business experiences or a fresh way of looking at a concept. The next person you meet may own a product or service that is beneficial to your business. Networking is about forming business relationships and commoradiere

As women we’ve been empowered long enough it’s. It’s time to focus the self confidence and courage of empowerment into action. Be the Power in your own life!

Press

How To Prepare for Press Coverage

Posted Leave a commentPosted in Marketing

Where’s the Press? Your logo and branding is impeccable, your packaging is beautiful and your product or service is of the highest quality, but the press isn’t emailing you. Press has the ability to make you stand out from your competitors and bring national recognition. Coverage is a public relations tactic that ignites social media efforts organically.

Position your press. It is human nature to want to feel “in the know,” and the press is no different. What are they currently covering in your market? Is there a way to ride the wave of existing coverage on a certain niche or topic? Be strategic. Look at your target market. Where and how are they obtaining their information? What blogs and articles are they reading? Who do they consider influencers?  This is an excellent outreach list to consider when deciding where to spend your time and effort.     

What are other industries impacted by your service or product? For example, are you a cannabis packaging company? Are you creating strategies for the cannabis market AND the packaging industry? Let’s say you design an incredible edibles Easter basket. You need to reach beyond the edibles market. Are you reaching out to florists? Culinary press? Sending non-infused versions of your basket to press in non-legal states? Get creative in your outreach avenues.

Create a story.  The press is bombarded with people who believe their product is worthy of coverage, so it’s critical you think like an editor and decide to be coverage-worthy. While the press may not necessarily be interested in covering your new product launch, perhaps there is a story related to your product that IS press worthy. Did your product have a life-changing impact on a customer? THAT is press-worthy. Be authentic in your passion for the impact your company is having on the industry. Passion is infectious and can motivate coverage from the press.

Make It Easy  Do you have your style guide ready for the media to pick up the information they need to cover you?  Are you accessible to them? Do you have incredible photographs of your product ready?  The easier you make it on people to find you and find the information they need to cover you, the more likely you are to be covered.

DON’T allow uninteresting people to represent your product in interviews.  Have an interview coming up?  Prep. Know your product, your target market, and your goals.  Be charismatic. People buy into the people behind a product just as much as the product itself.

Commanding excitement for your product or service and understanding how and why people choose to follow certain campaigns and companies can be intimidating.  It’s essential you think about how and why your story is worthy of coverage and manifest your efforts around that belief.  You have the power to design your story and share it with your audience. Make yourself memorable.

Reposted from Granjaprenuer Original Article By Doreen Sullivan

arcview

Arcview Market Research Predicts Cannabis Sales of $57 Billion by 2027

Posted Leave a commentPosted in Marijuana and the Ecomony

According to Arcview Market Research and its research partner BDS Analytics, over the next 10 years, the legal cannabis industry will see much progress around the globe. Spending on legal cannabis worldwide is expected to hit $57 billion by 2027. The adult-use (recreational) market will cover 67% of the spending; medical marijuana will take up the remaining 33%.

The largest group of cannabis buyers will be in North America, going from $9.2 billion in 2017 to $47.3 billion a decade later. The largest growth spread, however, is predicted within the rest-of-world markets, from $52 million spent in 2017 to a projected $2.5 billion in 2027.

Reposted article from Forbes.com original article by , Forbes 

The worldwide adult recreational cannabis market remains hampered by the United Nations and its 1961 Single Convention on Narcotic Drugs. The Arcview and BDS report believes nothing will be done to change the U.N. attitude until U.S. federal laws legalize marijuana — something Arcview’s CEO, Troy Dayton, believes will happen after the 2020 presidential election.

Still, the main difference between the U.S. and European cannabis markets is that in the U.S., recreational use will dominate sales. With a budget of $1.3 trillion in health care spending, European government-subsidized health care systems will bring the medical cannabis market to dominate Europe and become the largest medical marijuana market in the world.

Tom Adams, editor-in-chief at Arcview Market Research and principal analyst at BDS Analytics, points out that the big news in 2017 was Germany opening up cannabis for medical use in pharmacies. He celebrates a big and constant turnaround in the worldwide cannabis market ahead.

Highlights of the 65-page report “The Road Map to a $57 Billion Worldwide Market” include:

 The initial decision by many U.S. states and Canada to create medical-only cannabis regulations prompted many other countries to act similarly. But California’s and Canada’s willingness to legalize adult recreational use triggered a second wave of laws internationally to increase access to medical cannabis.

 South America has some of the most liberal medical cannabis programs. Led by Brazil, Argentina, Peru and Uruguay (the only country in the world in which adult recreational use is legal for all its citizens), the South American medical cannabis market may grow from $125 million in 2018 to $776 million in 2027.

 Germany is poised to be the leader of the European cannabis market, and Italy is expected to be second with $1.2 billion in sales by 2027. Overall, however, the European cannabis market is not expected to grow as stridently as its potential suggests.

 Australia’s legal cannabis market is forecast to grow from $52 million in 2018 to $1.2 billion in 2027, the 5th largest in the world.

 Israel has a small population and a long history of legal medical marijuana use. It continues as a leader with years in the development of cannabis pharmaceuticals.

 Canada is among the few countries where investors have already shown confidence in the future legality of the cannabis industry; they are betting with billions of dollars pouring into public equity investments.

Cannabis Crossover Report Examines Cannabis Consumers Buying Trends

Posted Leave a commentPosted in Marijuana Marketing

Media and Headset today revealed the results of its Cannabis Crossover report, a study that examines the consumption habits of cannabis consumers, including their brand loyalty and product discovery through content.

Reposted from Newswire

The data is culled from $1.5 billion in transactions from the states where cannabis is legal including Washington, Arizona, California, Colorado, Washington D.C., Illinois, Nevada, Oregon and Michigan. The Cannabis Crossover report reveals that while consumers gravitate to cannabis lifestyle content to some degree, food content in which cannabis products are featured is far more likely to drive female viewers to dispensaries, while male viewers are driven by lifestyle culture content.

Drake Sutton-Shearer, Co-Founder of PRØHBTD Media said, “It’s clear that consumers are discovering cannabis brands through online. The most interesting point of validation is that across the spectrum, people who embrace these brands of today and tomorrow are not just like us, they are us.”

Cannabis Crossover Report other findings include:

– Over half (54.38%) of the cannabis products consumed are flowers (bud) with little variation across gender and age lines, followed by package pre-roll joints (15.67%) and concentrates (12.29%) and edibles (8.03%).

– The average category growth is 164% with the biggest advances seen with capsules (331%), and concentrates (oil, wax) and package pre-roll joints have more than 200% growth.

– More than 800 new cannabis brands have been introduced to the market in the last three years with almost 65,000 products.

– There are early signs of a consolidation of brands with new brand introductions slowing down due to retail space constraints.

– The average item price has decreased by slightly more than $18 since January 2015; with a steady decline in average item price due to lower priced items, such as pre-rolls, becoming more popular.

The report follows last Monday’s “Cannabis Crossover” seminar at Advertising Week in NYC where PRØHBTD Media, the leading cannabis-lifestyle media platform and content studio, was joined by the report’s co-authors Headset, the leading retail analytics firm for cannabis-related businesses and David Bell, Professor of Marketing at The Wharton School. Together, they discussed how marketers can reach the mainstream cannabis consumer by employing brand safe methods.

“As the cannabis industry continues to mature, so too does the purchasing patterns of the cannabis consumer,” said Cy Scott, Co-Founder and CEO of Headset, Inc. “Incorporating market trend analysis through the lens of transaction and related demographic data illustrates a complex, emerging market with enormous opportunity.”

Bell said, “The ‘post-normalization’ of cannabis and cannabis culture is in full swing. The demographic skews younger, yet covers all groups; ‘Cannabis Consumers’ exhibit a diversity of tastes and preferences, and an affinity for brands and authentic content, just as they do in other walks of life and commerce.”

The full report is available to download at www.prohbtd.com/CannabisMainstream

Women's Cannabis Chamber of CommerceWomen’s Cannabis Chamber of Commerce moving women beyond empowering and inspiring into action and business success.

 

Cassandra Farrington

Cassandra Farrington, CEO and Founder of Marijuana Business Daily

Posted 1 CommentPosted in Women Who Inspire

When the federal crackdown on medical marijuana dispensaries in 2011 began to scare off would-be entrepreneurs, Cassandra Farrington, CEO and co-founder of a brand new marijuana trade newsletter didn’t blink. She and her business partner “kept the lights on” in their small Denver publishing house while their only competitor went dark. They ended up building what they hoped would be “The Wall Street Journal” of legal cannabis.

Reposted from Forbes.com written by 

“It always made sense to keep going,” says the former Citigroup exec,Cassandra Farrington.  who helms the website, print and email publication Marijuana Business Daily, a.k.a., MJBiz Daily, plus its mega trade conference that will draw more than 14,000 attendees next month in Las Vegas. The Marijuana Business Conference & Expo is the largest B2B gathering in the burgeoning landscape of legal weed and was named to Trade Show Executive’s “Fastest 50” the last two years.  With 843% overall growth across its verticals in 2016, MJBiz Daily won accolades as a top media company by Inc., landing on its Inc 5000 list

“We’re not a lifestyle publication or a culture magazine or a celebration of the plant type publication. We are truly all about the dollars, cents, actions, partnerships: the business side of the industry,” Cassandra Farrington explains of her company’s position in a market that has seen an explosion of media startups devoted to covering all aspects of legal weed like Merry JaneWeed WeekGreen Rush Daily, and Marijuana Investors News.  With some form of pot legalized in 29 states plus the District of Columbia and consumer spending across North America projected to jump from $6.7 billion to $20.2 billion in 2021, the race is on to cash in on cannabis.

“It is a huge industry, not just in the United States, but globally and getting bigger every day,” says the mom of two who laughs that she was “outed” to her neighbors and friends as a cannabis entrepreneur one evening as she was co-leading her daughter’s Girl Scout troop meeting.  It was November 2012, in the days following Colorado’s historic vote to end pot prohibition and after the local media covered MJBiz Daily’s very first conference in her hometown. That night, curious parents recognized her from the news.  One dad shyly asked if he could take her to coffee to learn more about the industry. Another parent wanted advice on where to buy a joint.

“Between those two interactions, I was like, ‘This is going to be just fine,” she recalls.

In the years since, the legal market has swelled and so has the appetite for business content. Farrington saw early on that founders and investors venturing into the new terrain of legal marijuana needed news and timely information to navigate the changing scene. When a 2011 article in The Atlantic reported there were more marijuana dispensaries in Denver than Starbucks, she and her partner knew they were on to something big.

“We had a set of criteria that we judged everything against. Is [an industry] growing at a certain pace, at least 7% a year? Does it have a certain number of actual businesses with actual employees, not solo entrepreneurs or consultants or individuals, but people who actually have to make payroll every two weeks or every month? Pay rent on a facility that sort of thing that shows their level of investment,” she explains of the metrics they used to measure the market. What they discovered was a demand for unbiased news affecting the practical aspects of running a business, including tax policy, licensing and regulation.

Women's Cannabis Chamber of CommerceWomen’s Cannabis Chamber of Commerce moving women beyond empowering and inspiring into action and business success.

dispensaries

Minority Owned Cannabis Dispensaries and Businesses That Are Shaping the Industry

Posted 2 CommentsPosted in Marijuana Businesses, Women Owned Cannabis Businesses

Minority Owned Cannabis Dispensaries and Businesses That Are Shaping the Industry:  As the cannabis industry becomes more robust, one way to help combat the war on drugs and its devastating effects on minority Americans is to support your local minority-owned dispensaries and cannabis companies. This is far from a complete list, but here are some great cannabis companies that are owned and operated by minority business owners.

Reposted from Leafly.com written by Lisa Rough

Based out of Oregon, Panacea Valley Gardens is a medical cannabis cultivation facility owned by the co-founder and chairman of the Minority Cannabis Business Association (MCBA), Jesce Horton. He also owns Panacea, an adult-use dispensaries.

In 2016, Horton began developing a new vertically-integrated cannabis cultivation hub known as Saints Cloud. The facility is expected to have a 20,000 foot cultivation space, a dispensary, an onsite processing plant, and water recycling, solar paneling, and a heat exchange system for maximum energy efficiency. Eventually Horton hopes to add an event space, cannabis lounge, and bed & breakfast.

Hollingsworth Cannabis is a family affair involving three generations of the Hollingsworth clan. Located in Washington, this Tier III I-502 licensed cannabis producer and processor offers cannabis flower and infused, triple filtered cannabis oil at a number of different dispensaries across the state.

Raft Hollingsworth III (also known as RT3) works alongside his father, Raft Hollingsworth, Jr., two sisters, and even their 96-year-old grandmother, Dorothy Hollingsworth. With a commitment to environmentally friendly practices, Hollingsworth uses naturally sustainable growing and harvesting practices to ensure that the company’s carbon footprint remains as small as possible.

Simply Pure, a dispensary in Denver, Colorado, is the brainchild of Wanda James and her husband, Scott Durrah. After a successful run at managing Caribbean restaurants, consulting companies, and even a bid for Congress, Ms. James saw a need to shed light on social justice issues related to cannabis. Her brother was arrested and charged with a felony for the possession of cannabis when he was still a teenager, and she saw his future branded with an irreversible mark. In wanting to put a new face on cannabis, she and her husband are aiming to change how the world views cannabis and especially people of color involved with cannabis.

Miguel Trinidad, the brain behind 99th Floor, was a renowned chef of Filipino cuisine when he decided to embrace cannabis with his own invite-only pop-up infused dinners. Trinidad hails from Dominican Republic, but spent time in the Philippines studying the local cuisine before opening a restaurant with his partner, Nicole Ponseca, in New York called Maharlika.

New York has very strict cannabis laws; ergo any invitations to this dinner are exclusive and very hush-hush. Trinidad carefully curates an entire multi-course meal that revolves around the strain chosen for each dinner. Less discreet is Trinidad’s new line of edible products and more gourmet pop-up dinners that will be available on the California cannabis market.

The American Cannabinoid Clinics is made up of a family of physicians who combined their respective fields to help thousands of patients in California, Oregon, and Washington seeking answers about medical marijuana. Dr. Janice Knox spent 35 years working in medicine, but when she retired, she continued to hear from patients that had questions about using medical cannabis.

Knox teamed up with her husband, Dr. David Knox, who has 37 years of clinical experience in Emergency Medicine, as well as both of her daughters; Dr. Jessica Knox, who specializes in Preventive Medicine, and Dr. Rachel Knox, who studied Family and Integrative Medicine. Together, the Knoxes have spent the last six years treating thousands of patients across the Pacific Northwest.

Supernova Woman is an organization formed by Women of Color in Cannabis in 2015 to help foster small cannabis business opportunities to become self-sufficient in the industry. The group, founded by Tsion “Sunshine” Lencho, Amber Senter, Nina Parks, Andrea Unsworth, offers a series called Shades of Green to educate communities of color on how to get involved with legislative efforts for cannabis, and how regulations and local politics can affect your business.

Located in California, the organization also offers professional services on how to build your dispensaries or cannabis business and how to stay in compliance. It works with people who have prior cannabis convictions to help get their records expunged, guiding them through the entire legal process. Supernova is especially aimed at creating and fostering a safe space for women of color in the cannabis industry. One of the founders, Andrea Unsworth, also owns the cannabis collective Stash Twist.

When Lynwood, California began accepting applications for permits in the Los Angeles County, Priscilla Vilchis jumped at the chance to grow and manufacture cannabis products as a Latina woman in the legal California market. With two medical marijuana cultivation and processing licenses already under her belt in Nevada, she won preliminary approval for a new dispensaries, Cali Premium Produce.

In Nevada, one of her flagship brands is cheekily named “Queen of the Desert,” and Vilchis is hoping to expand her flagship products to California. She will also be working on outreach efforts to educate the public and especially older generations in the Hispanic community on the benefits of cannabis.

Corey Stevens wanted to take advantage of the new legal cannabis market in Washington state, but he had no idea of the many obstacles he would have to overcome. Stevens had to fight tooth and nail to get a foot in the door. He applied for a license multiple times, applied for a Conditional Use Permit in the local jurisdiction, and submitted public comments to the county. Though he fought an uphill battle, his persistence paid off. Natural Blessing, dispensaries, opened its doors in July 2016 and has been serving the cannabis community ever since.

Apothecarry was started by a 36-year-old Michigan State University graduate named Whitney Beatty. Initially Beatty did not set out to enter the cannabis industry; rather, she only looked into cannabis for therapeutic reasons after being diagnosed with anxiety. As Beatty became more and more educated and versed in cannabis knowledge, she didn’t identify with the pervasive image of “stoner culture” that stigmatized cannabis for so long. More and more, she found others who lamented the lack of high-quality storage for cannabis that could keep their stash safely out of reach from children and pets.

Available in the United States and Canada, the Apothecarry line includes its most popular product, the Apothecarry Case, a state-of-the-art Humidor organizational system crafted from hardwood and secured with a dual combination and key lock to prevent kids, pets, or nosy neighbors from seeing or smelling your stash. Not only is Apothecarry challenging long-held cannabis stereotypes, it’s one of the few companies owned by a woman of color and the entire operation was funded by minority investors.

Euphorium in Oakland, California, is a woman-owned non-profit cannabis collective and delivery service. The owner, Charlita Brown, comes from a background in pharmaceuticals and uses her knowledge to make sure that patients’ questions are answered and that they are satisfied with both the product and the services provided. Brown also uses her cannabis collective as a platform to help empower women of color in the cannabis industry.

Aaron McCrary got his start as a cannabis cultivator in Washington state, working first underground and then within the legal medical marijuana market. When Nevada voted to legalize cannabis, he took a chance on the emerging market and is now known as the first black master grower in the state.

Zion Gardens, his 6,000-square-foot facility in North Las Vegas, is growing like a weed, and McCrary has plans to expand to a new building by January 2018. During the hiring process, McCrary goes out of his way to provide opportunities for other people of color, women, disabled individuals, and anyone else who might otherwise be excluded.

Commencement Bay Cannabis, the first retail cannabis shop in Fife, Washington, is one of a kind. The Puyallup Tribe, native to the Pacific Northwest, transformed its former high-end cigar lounge, Stogie, into a classy upscale space for retail cannabis customers to peruse menus and make educated purchases. Commencement Bay Cannabis has inspired participation from Puyallup Tribal Council members, the Fife-Milton-Edgewood Chamber of Commerce, and other local business owners. The store celebrates the spirit of Mount Tahoma and the Puyallup River while providing high-quality cannabis in a judgement-free environment.

Women's Cannabis Chamber of Commerce

Women’s Cannabis Chamber of Commerce moving women beyond empowering and inspiring into action and business success.

Overstock.com

Former Overstock.com President Goes Her Own Way With Cannabis & Diamonds

Posted Leave a commentPosted in Women Who Inspire

When Stormy Simon—yes, that’s her real name—joined Overstock.com as a temp, the company was a start-up just two years in. Granted it was already at $18M in revenue, but in 2001, there were plenty of internet businesses booming.

Reposted from Forbes.com written by 

In Simon’s case, she had a front-row seat to the evolution of an industry—e-commerce. Everyone was trying to move shopping online and making it up as they went.

Simon put off going to college because she thought Overstock.com was going to revolutionize the world. And she helped it do that with an intrapreneurial spirit and loads of energy. She says she ‘raised her hand a lot.’

Being an intrapreneur is often the best training for future entrepreneurs

Overstock.com was growing at 70% to 100% at a clip, and there was no shortage of things to be done. Simon learned early not to ask someone for help because that just ‘made the snowball bigger.’

So Simon had an idea. It was a campaign actually, ‘Discover the Secret of the Big O.’ Internet businesses weren’t marketing on TV, and she thought it would be a great way to introduce women to a new way of shopping.

She pitched her idea to the board in the midst of a flurry of agency pitches. And the board chose her idea. Then they gave her a small budget and encouraged her to figure it out in her usual style—guerrilla.

She enlisted German actress, Sabine Ehrenfeld, and flat out begged a director to help her with it. And what did that campaign get Overstock.com? It got them from $250M in revenue to $500M.

Throw your passion at all the problems you see

So in 2004, she got her first big executive title, the VP of Branding. Not bad going from a temp to VP of Branding in three years. And she loved what she did, but she was attracted to something else that needed fixing. The Customer Service Department.

Women's Cannabis Chamber of CommerceWomen’s Cannabis Chamber of Commerce moving women beyond empowering and inspiring into action and business success.

 

Women with Higher IQs are More Likely to Smoke Weed

Posted Leave a commentPosted in Women's Interests

Never mind stereotypical stoner humor, cannabis consumers have been shown to be more intelligent than their non-consuming counterparts. And that applies especially to women. According to a new study, women who smoke weed have higher IQs than those who don’t.

Reposted from Jane Street written by  

Researchers from the Journal of Epidemiology and Community Health looked at 800 female cannabis consumers, analyzing data on their intelligence, smoking habits, lifestyle, and schooling level. They found that the majority of female cannabis consumers had higher IQs than the general public, and were 50 percent more intelligent than the average woman — meaning that, the smarter the woman, the more likely she is to smoke pot.

However, though the data proved a correlation between women with higher IQs and cannabis consumption, it didn’t point to why this correlation exists.

Some scientists believe that smarter people might be more open to new experiences, such as new modes of thought and consciousness that cannabis can provide. People who have higher IQs might seek out different or more diverse kinds of mental stimulation. The more cerebral someone is, the more likely they may want to explore the mind in different ways.

And moreover, because cannabis is safe to use and you can’t overdose from it, a smart or cautious drug consumer might also be drawn to the plant.

This isn’t the first time science has shown a connection between intelligence and one’s proclivity toward cannabis. According to a study from the British Medical Journal, people with higher childhood IQs are more likely to use cannabis by the time they turn 30.

Meanwhile, another study from University College London found that middle-schoolers who excelled at school had a higher chance of drinking alcohol and smoking weed when they got to high school, but that they were less likely to smoke cigarettes. However, if a minor were to smoke weed, it could have effects on their performance in school, or on their cognitive development. While a number of children use cannabis for otherwise life-threatening diseases like epilepsy, and have since excelled with the use of products like high-CBD cannabis oil, the average teenager should consider their emotional maturity before altering their minds.

That said, cannabis is known to be a catalyst for new ideas and creativity. No wonder women with high IQs are drawn to cannabis, as it can help maximize and enhance all the activity that’s already happening in their heads.

Women's Cannabis Chamber of CommerceWomen’s Cannabis Chamber of Commerce moving women beyond empowering and inspiring into action and business success.