MariMed Acquires NJ-Based BSC Group Cannabis Firm

NEW JERSEY: MariMed Inc., a multi-state cannabis organization that develops, owns and manages cannabis facilities and branded products lines, announced today that it has finalized the acquisition of BSC Group, a highly respected cannabis firm headquartered in New Jersey that over the last three years has been engaged in competitive licensing, consulting and operations management across the country.

BSC founders and managing partners, Brian Staffa and Amber Staffa, will join the MariMed leadership team, bringing under the MariMed umbrella their extensive cannabis expertise, resources, intellectual property and a vast network of highly specialized affiliates spanning regulated fields of commercial cannabis, food and beverage, commercial agriculture, pharmaceuticals, regulatory compliance, consumer psychology, and the applied sciences.

Brian and Amber will help guide MariMed’s strategy for new markets like New Jersey, where lawmakers inch closer to consensus on adult use legislation. New Jersey represents just one of the markets being eyed by MariMed as they aggressively pursue new opportunities across the U.S. and abroad with their added bandwidth.

“Our team has worked with BSC Group on various projects in the past, and their laser focus made them an ideal partner to help fuel MariMed’s forward momentum,” said MariMed CEO Bob Fireman. “We are excited to bring on Amber and Brian, who have seasoned cannabis operations, corporate strategy, branding and marketing expertise. An organization is only as good as the people in it. The Staffas share our vision and work ethic and will be a great addition to our team.”

Brian Staffa noted, “This partnership with MariMed represented the right opportunity to solidify our industry presence for the long haul, positioning ourselves as an integral element of an established team with long term viability. They share our belief that the only path to market maturation and true consumer satisfaction is via an unwavering commitment to data-driven and documented, scaled processes.

Brian Staffa will bolster MariMed’s operations, coming on as VP of Cultivation & Manufacturing, leveraging nearly 10 years of commercial cannabis experience in over 150 facilities in 25 states and countries. Staffa’s audits of facility operations often reveal opportunities for optimizing efficiency, translating to increased top and bottom line growth.
With a substantial background in education, curriculum development, branding and consumer buying habits, Amber Staffa will join MariMed as VP of Branding & Marketing, fueling the potential for product development and partnership opportunities that will project MariMed’s voice and grow its branded product footprint.

BSC Group will become a wholly owned subsidiary of MariMed, and will continue to service its clients with an even larger arsenal of resources.

Focus On Finance And Investment At NJ Cannabis Symposium March 29th

NEW JERSEY: Taxes, banking and investment will be he the focus of the second event  in NJ Cannabis Symposium Series, which returns to the NJPAC in Newark, on March 29 from 4:30-8:30pm.

Building on the success of its January program, which brought over 800 budding Cannabis entrepreneurs together to explore the Cannabis industry in NJ, the program is intended to educate those interested in preparing for cannabis business opportunities and follows a natural progression of topics relevant to NJ’s suspected timeline, spotlighting the intricacies, challenges, and opportunities associated with navigating all things finance. Doors will open at 4pm to accommodate registration.

Published panelists include:

● Al Foreman – Partner & CIO at Tuatara Capital
● Cynthia Salarizadeh – Co-founder/Chief Strategy Officer of Green Market Report
● Gary B. Rosen, CPA, CFE, CFF, CVA, CGMA – Partner, Marcum LLP
● Javier Hasse – Cannabis/Biotech Author & Journalist
● John Kagia – Executive Vice President, Industry Analytics at New Frontier Data
● Ellie O. Siegel, Esq., MBA – Founder of Longview Strategic

Justin Zaremba, editor of NJ CANNABIS INSIDER and Aaron Smith, CNN Money’s Cannabis Reporter, will moderate the two panels.

Panel discussions are set to include:

● How to prepare for a capital raise
● Structuring your cap table
● Investment Opportunities in NJ cannabis & Surrounding markets
● Targeting the right kind of funding for your business
● Determining how much capital to raise
● 280E Tax implications
● Deductions for cannabis businesses
● Banking challenges and solutions

“The fundamentals of starting a successful company are careful planning and securing the appropriate resources to get the job done,” said Ellie O. Siegel of Longview Strategic, one of the hosts of The NJ Cannabis Symposium. “Generating a business plan and financial projections can seem daunting, but cannabis requires as much or more planning than operating a start-up in other industries,” she concluded.

Gary Rosen, Partner, Marcum, LLP, said “To succeed in the cannabis business, it is imperative that owners, partners, and investors do their homework and surround themselves with qualified professionals who understand the nuances and caveats of operating in this emerging industry. The panel conversations will provide that base information.”

To facilitate meaningful conversations during the program, NJCS will release a glossary of 101-level terms in order to help level the playing field and ensure that those less familiar with financial jargon can also benefit from a higher level discussion.

Registration, which is offering Advanced Pricing of $50 off the walk-in price March 15.

The New Jersey Cannabis Symposium is being hosted by BSC Group, Ansell Grimm & Aaron, PC, Marcum LLP and Longview Strategic. Returning sponsors include Marijuana Business Association (MJBA), 420 IT Solutions, Blue Dream Vapor, Viridis Security Group and Bridge Strategic Communications LLC.

 

New Jersey Cannabis Symposium Is January 25th At NJPAC

NEW JERSEY:  In anticipation of the changes coming to cannabis laws in New Jersey in 2018, a group of cannabis industry professionals in the Garden State have put together a half day session that will explore and educate those interested in knowing how to prepare to enter this fast growing industry.

The New Jersey Cannabis Symposium, scheduled to take place on January 25 from 5-9pm at the NJPAC in Newark, will bring together an unprecedented set of resources for individuals, companies, and investors, supports an effort to catalyze early-movers who want prepare to position themselves well for participation in the New Jersey adult-use cannabis.

Among the panels and workshops that are on the agenda are:

    • Legislative Updates & Expectations for Program Timelines
    • Business & License Opportunity Assessment
    • Application Overview, Requirements & Timeline
    • Preparing an Application – What to Expect & Mistakes to Avoid
    • What you can/should be doing leading up to the formal process & Why
    • Real Estate Opportunity Insights & Zoning
    • Hierarchy of Operational Decision Making – How the order of your choices can dictate your long term success or failure
    • Facility Considerations
    • Business Plan & Pro Forma
    • Tax & Financial Information
    • Influence Mapping
    • Equipment & Talent Sourcing, etc

“As the news about New Jersey’s move towards approving adult use cannabis took on traction with the election of Governor Phil Murphy, we found there was also a lot of misinformation being circulated,” said Brian Staffa of the BSC Group, one of the hosts for the New Jersey Cannabis Symposium.  “We see this unique event as a way to  draw a roadmap for the months and years ahead, noting unique attributes about NJ’s current program, and drawing comparisons to how other states’ programs have evolved.”

“We see this event as a way to detail the required/recommended resources for applicants, and at the same time help ancillary companies to understand the process and needs of applicants, and how they can position themselves to serve the market effectively,” said Joshua Bauchner of Ansell Grimm & Aaron, a law firm co-hosting the New Jersey Cannabis Symposium.

Early Bird discount is $100 off through December 31.  For more information CLICK HERE.

The New Jersey Cannabis Symposium is being hosted by BSC Group, Ansell Grimm & Aaron PC, Viridis Security Group, Marcum LLP, Longview Strategic, and the New Jersey CannaBusiness Association.

Featured Sponsors include the Marijuana Business Association (MJBA), 420 IT Solutions, KCSA with others joining on.