A Team of BIPOC Women Launch The People’s Group: A $50M Fund for Social Equity in Cannabis

The People’s Group Fund Aims to Provide Growth Capital for Diverse and Competitive BIPOC and Women-led Cannabis Businesses

Despite efforts to repair the damage of the War on Drugs and its disproportionate impact on BIPOC communities, less than 10% of cannabis business owners are BIPOC. The People’s Group (TPG) led by Christine De La Rosa, one of the most influential women in cannabis, aims to change that with its $50 million nationwide fund. The fund will invest in BIPOC- and women-led cannabis businesses with the goal of breaking the pattern of oppression and creating a representative future for the growing industry.

The group is fueled by a powerhouse of sought-after industry experts with diverse backgrounds. TPG is led, directed and advised by BIPOC women, queer people, the disabled, veterans and people with chronic illness as a catalyst for community empowerment. The fund will draw attention to the lack of social equity, capital and investment opportunities within the field. It also will work toward eliminating the barriers of prosperity and unlocking efficient pathways to profitability. The fund’s mission is to deploy its total capital by 2024. This allows for advisory, management services and enhanced technology to be distributed across diverse and competitive companies over the course of the next 10 years.

“The cannabis market is projected to be a $70 billion industry by 2028, and BIPOC continues to struggle to benefit from this lucrative field,” explains De La Rosa. “Recently, initiatives have been established to contribute to minority-owned cannabis business growth. However, many programs have failed due to the lack of access to capital, business spaces and technical support provided to this demographic. Through this fund, our objective is to break this cycle by supplying minority-owned cannabis companies with the capital they need to bring their companies to probability and the mentorship required to contribute to a more diverse cannabis industry. Our social equity initiatives will also shed light on unjust laws that have been disproportionately affecting minority communities.”

TPG has additional strategies to take advantage of immediate market opportunities via new product and license investments through proven models, offering growth capital and debt facilities to expedite the transition to profitability, acquisition of off-market assets that need a cash infusion to become profitable and to provide an abundance of job opportunities.

“For over 50 years, lives have been taken, time has been lost, and communities have been devastated due to the disparate enforcement of policies attached to the war on drugs. Use of the term ‘social equity’ must be more than a cliché,” says Frederika Easley, the director of strategic initiatives at The People’s Ecosystem. “We are committed to advocating for the creation and implementation of policies and practices that hold systems of power accountable and support the repairing of harm to individuals and communities.”

De La Rosa founded The People’s Group to address the lack of support for minorities that she experienced first-hand when starting her own business in the industry in 2016. She saw the endless potential in a type of fund that understands how to value and support such founders and their teams in an ample amount of beneficial and meaningful ways.

For more details and updates on The People’s Group, please visit https://thepeoplesgroup.fund/

Governor Newsom Signs Cannabis Trailer Bill, Creating the Department of Cannabis Control

Formation of the Department consolidates three programs into one and advances efforts to streamline the state cannabis regulatory structure

CALIFORNIA:  The Department of Cannabis Control (DCC) was established yesterday, following the signing of Assembly Bill 141. This action consolidates the three state cannabis programs into a single department. The creation of a standalone cannabis department, proposed by Governor Gavin Newsom, is part of a larger effort to improve access to licensure, simplify regulatory oversight and support California businesses. The Governor appointed Nicole Elliott to lead DCC as its Director.

 

This action represents the most significant consolidation and reorganization of state agencies since the Business, Consumer Services and Housing (BCSH) Agency was created in 2013. It is the culmination of 18 months of sustained effort by officials from more than 10 state agencies and reflects input from stakeholders and the legislature. 

“California has led the nation in progressive cannabis policies, beginning 25 years ago as the first state in the nation to legalize medicinal use of cannabis,” said Governor Newsom. “We’ve taken another significant step forward to fulfill the opportunities of legalization and better serve all Californians. We will continue building upon our efforts to foster a diverse and inclusive industry, protect consumer and public safety, safeguard our environment and advance economic opportunity for small businesses.”

DCC consolidates regulatory, licensing and enforcement functions previously performed by three programs housed within different state departments: the Department of Consumer Affairs’ Bureau of Cannabis Control, the Department of Food and Agriculture’s CalCannabis Cultivation Licensing Division, and the Department of Public Health’s Manufactured Cannabis Safety Branch. DCC is housed within the BCSH Agency.

“The state’s consolidation effort delivers on the commitment made by the Newsom Administration to listen to and work with California’s legal cannabis industry to streamline participation in the legal market by offering a central point of contact for licensed operators,” said BCSH Agency Secretary Lourdes Castro Ramirez. “One of the key missions of our agency is to build strong, equitable, and vibrant communities. This action takes bold steps in that direction.”

DCC will regulate all commercial cannabis license holders in California, including cultivators, retailers, manufacturers, distributors, testing laboratories, microbusinesses, and industry event organizers. DCC will also manage the state’s track-and-trace system, which is used to track cannabis and cannabis products, from seed to sale, within the legal supply chain.

Today, officials unveiled the new logo and website. The logo includes a modern representation of a cannabis leaf. The leaf’s intertwined design is a visual representation of the unification of the three programs and collaborative spirit with which DCC intends to engage businesses and stakeholders.

The California Cannabis Portal, www.cannabis.ca.gov, was relaunched as the DCC website and will continue to serve as a centralized online location for cannabis information. The website was rebuilt and redesigned in partnership with the California Government Operations Agency’s Office of Digital Innovation (ODI) to be more accessible and better serve Californians. The prior websites for the three licensing authorities will remain accessible to the public while content continues to be migrated.

Old email addresses for staff will redirect to their new DCC email address for several months.

While the Department of Cannabis Control has officially launched, much work remains on the horizon. More news will come in the months ahead.

 

WSLCB Action: Board Action: New rule projects for Evaluation of THC Compounds; Proposed Rules – Cannabis license background checks; Final rules for cannabis Tier One expansion

Washington State Liquor and Cannabis Board Action

WASHINGTON:  Yesterday (7/7/2021), during a regularly scheduled meeting, the Washington State Liquor and Cannabis Board took the following action:

Approved withdrawal of a proposal statement of inquiry (CR 101) for THC Compounds Other Than Delta- 9.

Approved a preproposal statement of inquiry (CR 101) to consider establishing a new rule section that would allow the WSLCB to evaluate additives, solvents, ingredients or compounds used in the production and processing of marijuana products other than delta-9 tetrahydrocannabinol (THC), as well as CBD, hemp, or both converted to delta-8 THC, delta-9 THC, or any other marijuana compound that is not currently identified or defined in the Revised Code of Washington (RCW), the Washington Administrative Code (WAC), or both, to determine whether such substances pose a risk to public health or youth access.

Approved a notice of proposed rulemaking (CR 102) to consider changes to current rules that frame the standards and thresholds for criminal history checks for marijuana [cannabis] licensees.

Adopted final rules (CR 103) to implement cannabis Tier One Expansion. The rules take effect August 7, 2021.

Eaze Launches First Shoppable Cannabis Delivery App for Apple

CALIFORNIA: Eaze, the nation’s largest cannabis delivery marketplace, today announced the launch of a first-of-its-kind shoppable app for iPhone users. Available for download today via the Apple App Store, the app allows customers to complete all aspects of cannabis purchase and delivery, making it even easier and more convenient for consumers to access safe, legal products. 

The shoppable Eaze app is a major milestone for the legal cannabis market and consumers. Apple has long prohibited full e-commerce functionality, forcing customers to complete transactions through the Eaze.com website. Apple recently changed that policy, enabling Eaze to create a shopping experience that is easier, more fun, and reflects how many people actually shop today.

The Eaze app allows customers to complete all aspects of delivery seamlessly: registration, ID verification, product selection, payment, and receipt to the doorstep.

“Eaze has always been about using the latest developments in technology to make shopping for legal cannabis more accessible,” said Eaze CEO Rogelio Choy. “It’s hard to overstate how important this is to our company and the industry. It’s deeply gratifying to launch the Apple Store’s first fully-functional cannabis delivery app, making it even easier for our two million registered customers to legally consume.”

The Eaze app features:

  • On-Demand Delivery, Order Tracking, and Easy Payment: Cannabis delivered safely to the door of customers verified 21+, real-time order tracking and easy payment via debit card, bank account, or cash.
  • Amazing Deals: Shop Eaze’s selection of rotating deals for the biggest blaze for your buck.
  • Dank Selection: Shop Eaze’s highly curated selection of the best brands for the best value, including Kiva Confections, STIIIZY, Old Pal, Circles, Plus, and many more.
  • Cannabis for a Cause: Eaze always stocks BIPOC, LGBTQ+, and women-owned brands — including Leune, DREAMT, and SF Roots — so customers can spend on what matters.

“The flexibility and depth of our technical team allowed us to respond immediately to the changes in Apple’s policy, and create an app that offers our customers the ideal experience for cannabis delivery,” said Eaze Distinguished Engineer CJ Silverio.

Eaze’s app was developed in-house and geofences purchases to jurisdictions where cannabis is legal. Eaze currently delivers across California, and will begin delivery in Michigan later this month. In accordance with state and local laws, sales are limited to adults 21+ and all customer IDs are verified multiple times throughout the purchase and delivery process.

Customers can download the app today and use code “EAZE20” to get $20 off their first delivery.

Oregon: Final Implementation of New Additive Rules Takes Effect July 1, 2021

Final Implementation of New Rules for Inhalable Cannabinoid Products with Non-cannabis Additives starts July 1st

 

Limited Retail Sell Down to Last Through Month of June

OREGON: The July 1, 2021 deadline for “Inhalable Cannabinoid Products with Non-cannabis Additives” (“ICP”) is rapidly approaching.  Generally, ICPs are vape cartridges and pre-rolls with non-cannabis terpenes or flavorings. On and after July 1, 2021, licensees cannot possess or transfer these products unless they comply with the new rule standards.

Before July 1, 2021, licensees can sell, destroy (waste), or return to the processor any ICPs that do not comply with the new rules – but if returning to another licensee, the ICPs will still need to be wasted in compliance with OLCC rules prior to July 1, 2021.

Licensees can use the following to spot labels subject to the “sell down” (cannot be possessed or transferred on and after July 1, 2021) and what labels are not subject to the sell down:

  • Labels subject to the sell down contain product identities like “marijuana extract with non-marijuana terpenes” or “marijuana extract with natural and artificial flavors” and ingredient listings that state “natural” or “artificial flavors.” Here is an example;
  • Labels that are NOT subject to the sell down contain product identities and ingredient listings that contain the words “non-cannabis additives” and list all the ingredients in the product – either on an insert or on the exterior label. Here is an example.
  • Licensees may no longer utilize generic labels for ICPs created on and after April 1, 2021.

In December 2020, the OLCC enacted new additive rules that impact all OLCC marijuana licensees and industrial hemp certificate holders. This is only a summary of the rules and in some instances the rule requirements are generalized. This is not a substitute for reading the rules. A more detailed explanation of the requirements can be found in Compliance Bulletin CE2020-07 along with links to the rules.

There are two important dates for licensees in these rules: April 1, 2021 and July 1, 2021:

  • On and after April 1, 2021, all ICPs manufactured or processed must comply with the new rule requirements;
  • On and after April 1, 2021, all ICPs must be correctly categorized in Metrc (this includes ICPs made before April 1, 2021). Licensees with these products in their inventory must make these changes. See the Inhalable Cannabinoid Products and Metrc Tracking Guide for more information; and
  • There is a limited “sell down” period for ICPs made before April 1, 2021. Processors may transfer ICPs made before April 1, 2021 that do not comply with the new rule requirements until June 30, 2021. As of July 1, 2021 licensees cannot even possess or transfer products that do not meet the new rule requirements.

 

Questions related to the rules or labeling should be directed to marijuana.packaging@oregon.gov.

Questions related to Metrc should be directed to marijuana.cts@oregon.gov.

Tilray & Aphria Announce Closing of Transaction That Creates the “New” Tilray – a Global Cannabis Leader

Operational Efficiencies Expected to Generate Approximately US$81 Million Annual Pre-Tax Cost-Saving Synergies for New Tilray Within Eighteen Months

NEW YORK & CANADA: Tilray, Inc. and Aphria Inc. today announced the completion of the previously announced business combination, ushering in a new era in the global cannabis industry. The combined company, which will operate as Tilray (the “Company”), brings together two highly complementary businesses to create the leading cannabis-focused consumer packaged goods (“CPG”) company with the largest global geographic footprint in the industryThe combined company had a market cap of approximately US$8.2 billion based on the closing stock prices on April 30, 2021.

 

The Company’s class 2 common stock (“Tilray Shares”) will continue to trade on the Nasdaq Global Select Exchange under the ticker symbol “TLRY” and will commence trading on the Toronto Stock Exchange under the ticker symbol “TLRY” on May 5, 2021. As previously announced, each Aphria shareholder received 0.8381 of a Tilray Share for each Aphria common share (each an “Aphria Share”) held on April 30, 2021, the effective time of the transaction. Holders of Tilray Shares prior to the completion of the transaction continue to hold their Tilray Shares with no adjustment as a result of the transaction. An early warning report in respect of the Company’s acquisition of all of the outstanding Aphria Shares pursuant to the transaction will be filed on SEDAR and will be ‎available under Aphria’s issuer profile at www.sedar.com.‎

Irwin D. Simon, the Company’s Chairman and Chief Executive Officer, commented, “Our focus now turns to execution on our highest return priorities including business integration and accelerating our global growth strategy. Covid-19 related lockdowns have presented unique challenges across Canadian and German markets. As these markets begin to re-open, Tilray is poised to strike and transform the industry with our highly scalable operational footprint, a curated portfolio of diverse medical and adult-use cannabis brands and products, a multi-continent distribution network, and a robust capital structure to fund our global expansion strategy and deliver sustained profitability and long-term value for our stakeholders.”

Mr. Simon continued, “Our global team is laser-focused on turning potential into performance and addressing consumer and patient needs for safe, innovative, and high-quality products. We are eager to get to work and want to thank both the Aphria and the Tilray Boards of Directors and especially Brendan Kennedy for his spirit of partnership and irrepressible belief in the art of ‘what’s possible.’ We will benefit enormously from his legacy and continued service on the Tilray Board.”

We expect that the business combination will provide, among others, the following financial and strategic benefits:

World’s Largest Global Cannabis Company. The combination of Aphria and Tilray brings together two highly complementary businesses to create the leading cannabis-focused CPG company with the largest global geographic footprint in the industry.

Strategic Footprint and Operational Scale. We believe that the Company has the strategic footprint and operational scale necessary to compete more effectively in today’s consolidating cannabis market with a strong, flexible balance sheet, strong cash balance, and access to capital, which we believe will give the Company the ability to accelerate growth and deliver long-term sustainable value for stockholders.

Low-cost, State-of-the-Art Production & the Leading Canadian Adult-Use Cannabis Producer. The demand for the Company’s products will be supported by low-cost state-of-the-art cultivation, processing, and manufacturing facilities, and it will have a complete portfolio of branded cannabis 2.0 products to strengthen its leadership position in Canada.

Positioned to Pursue an Accelerated International Growth Strategy. The Company is well-positioned to pursue international growth opportunities with its strong medical cannabis brands, distribution network in Germany, and end-to-end European Union Good Manufacturing Practices (“EU-GMP”) supply chain, which includes its production facilities in Portugal and Germany.

Enhanced Consumer Packaged Goods Presence and Infrastructure in the U.S. In the United States, Tilray has a strong consumer packaged goods presence and infrastructure with two strategic pillars, including SweetWater, a leading cannabis lifestyle branded craft brewer, and Manitoba Harvest, a pioneer in branded hemp, CBD and wellness products with access to 17,000 stores in North America. In the event of federal permissibility, the Company expects to be well-positioned to compete in the U.S. cannabis market given its existing strong brands and distribution system in addition to its track record of growth in consumer-packaged goods and cannabis products.

Substantial Synergies. The Company expects to deliver approximately US$81 million (C$100 million) of annual pre-tax cost synergies within eighteen months and plans to achieve cost synergies in the key areas of cultivation and production, cannabis and product purchasing, sales, and marketing, and corporate expenses.

Tilray’s new leadership team and board of directors will provide a strong foundation for the Company to accelerate growth and capitalize on the business combination’s many benefits.

Effective on closing, the senior management team and Board of Directors of the Company were reconstituted as follows:

  • Irwin D. Simon, Chairman and Chief Executive Officer
  • Carl Merton, Chief Financial Officer
  • Denise Faltischek, Head of International and Chief Strategy Officer
  • Jim Meiers, President, Canada
  • Jared Simon, President, Manitoba Harvest and Tilray Wellness
  • Rita Seguin, Chief Human Resources Officer
  • Dara Redler, Interim Chief Legal Officer and Corporate Secretary
  • Berrin Noorata, Chief Corporate Affairs Officer
  • Lloyd Brathwaite, Chief Information Officer
  • Freddy Bensch, Chief Executive Officer, SweetWater

Board of Directors:

  • Irwin D. Simon, Chairman
  • Renah Persofsky, ICD.D, Vice-Chair (Lead Director) and Chair of the Nominating and Governance Committee, Independent Director
  • Jodi Butts, Nominating & Governance Committee Member, Independent Director
  • David Clanachan, Newly Appointed Independent Director
  • John M. Herhalt Chair of the Audit Committee, Independent Director
  • David Hopkinson, Nominating and Governance Committee & Compensation Committee Member, Independent Director
  • Brendan Kennedy, Current Director and Former CEO, Tilray
  • Tom Looney, Audit Committee & Compensation Committee Member, Independent Director
  • Walter Robb, Chair of the Compensation Committee & Audit Committee Member, Independent Director

New Tilray Branding

The new Tilray logo blends both Aphria and legacy Tilray’s branding into a design that reflects the new Company’s growing portfolio of brands across cannabis-lifestyle and wellness product categories, including medical, adult-use, hemp foods, and beverages. The continued use of “Tilray” as the Company’s name evokes hard work and hope – til shortened from tilling the soil and ray as in a ray of sunshine. Tilray is a pioneer navigating toward the end of prohibition and built to deliver on the collective wellbeing of the Company’s employees, consumers, patients, partners, and local communities.

MCR Labs ‘Ask An Expert’ Virtual Event Seeks To Clear Up Mass. Cannabis Confusion

Cannabis experts will weigh in on questions submitted by members of the general public as part of a virtual panel discussion hosted by MCR Labs on October 28.

MASSACHUSETTS:  MCR Labs is organizing a virtual panel discussion for members of the public to submit cannabis-related questions to four experts with backgrounds in cannabis testing, research, medicine, and cultivation in order to help new and experienced cannabis consumers expand their knowledge of a complex and often misunderstood plant.

“Even though it’s legal here in Massachusetts, cannabis is still scary and confusing to some and complicated or overwhelming to others,” said MCR Labs President and founder Michael Kahn. “We’re trying to create more opportunities for everyone to get real answers from legitimate sources since there’s still a lot of misinformation being spread about cannabis and marijuana.”

The virtual event, titled “Ask an Expert,” will feature qualified cannabis professionals from a variety of fields and specialties. The panel discussion will include Scott Churchill, Director of Scientific Operations at MCR Labs, a cannabis testing laboratory; Dr. Marion McNabb, President of the Cannabis Center of Excellence, a research and advocacy group; Dr. Benjamin Caplan, Chief Medical Officer at the CED Clinic, a medical cannabis clinic; and Noni Goldman, Co-Founder of Four Trees Management Co., a consulting firm and tier 1 cultivation provisional licensee.

By bringing together experts with a diverse array of backgrounds, the MCR Labs’ outreach team hopes to enable a broad selection of individuals with any level of cannabis knowledge to hear answers to questions ranging from highly complex to basic and introductory.

“COVID-19 has created a significant lack of educational events geared toward cannabis at the same time that many are exploring using, growing, or even joining the industry for the first time,” said MCR Labs Event & Outreach Specialist Melissa Kenton. “So, we’re trying something new for us by hosting this online event because no matter what’s happening with the virus, education is critical to helping people explore cannabis safely.”

The event will take place on Wednesday, Oct. 28 starting at 11 a.m. Attendees can register in advance at https://tinyurl.com/MCRLabsAskExpertEvent. Those with questions for the panel can submit them via any of MCR Labs social media accounts by messaging @mcrlabs on most platforms or by emailing the outreach team directly at news@mcrlabs.com.

Terrapin Announces Plans For Hoboken Dispensary

Begins local process for medical cannabis with community impact plan

NEW JERSEY: Terrapin has announced plans to open a medical cannabis dispensary in Hoboken, with a social equity community impact plan that has the support of the community’s nonprofit sector.

Minority-owned Terrapin has plans to open a dispensary in Hoboken at 86 River St. After nearly three years of outreach to the community, Terrapin is ready to begin the local zoning process, preparing paperwork to move through local zoning boards. Terrapin wanted to wait until it had the support of the North Jersey community before making any announcements.

“As always, Terrapin is focused on planting local roots,” said Chris Woods, the founder, owner and CEO of Terrapin. “We are so thankful to our partners in the Hoboken community who have welcomed us with open arms. We are excited to serve these communities as responsible corporate actors in meeting the needs of cannabis patients, while also leaving a positive community footprint.”

An expanded cannabis industry means potential for long-lasting community partnerships. As part of its commitment to local North Jersey communities, Terrapin has identified several nonprofits and organizations to work with to create a beneficial footprint for its neighbors. Much of the focus is on diversity in workforce and economic development.

Nonprofits and organizations Terrapin partnered with include: 

  • WomenRising, a Jersey City-based nonprofit that assists women and families in North Jersey with counseling, economic development and advocacy. Terrapin has pledged to assist in creating an employment pipeline by connecting WomenRising alumni to potential employment opportunities within Terrapin. Terrapin also has pledged financial support to the organization.
  • Oasis, A Haven for Women and Children. The Paterson organization’s mission is to change the lives of women and children by breaking the cycle of poverty through compassionate programs designed to feed, clothe, educate and empower women and children in need. Terrapin will work on an employment pipeline with the organization, while providing volunteers in the form of directors to develop mentorships and training.
  • Project Help, a group dedicated to serving homeless veterans in northern New Jersey. The nonprofit has been able to expand services to include financial support and legal assistance. One initiative Terrapin has pledged to support is to assist veterans suffering from PTSD. There has been a strong nexus between medical cannabis legalization and assisting veterans, and Terrapin would like to see that momentum grow. Terrapin helped to launch VetForce in Pennsylvania, a security firm for the cannabis industry. Terrapin has plans to assist with a similar program in New Jersey where veterans run security for the cannabis industry.
  • Hudson Pride Center, the LGBTQ+ Community Center for Hudson County. Hudson Pride offers a variety of health, support and social services to the LGBTQ+ community. Hudson County has the largest LGBTQ+ population in the State of New Jersey and Terrapin has long stood as an ally to this community. We will work to educate the local community about the medical efficacy of cannabis, especially for conditions that might be relevant to the LGBTQ+ community, like anxiety and HIV/AIDS. Terrapin will also work with the group on a jobs pipeline.
  • United Food and Commercial Workers International Union (UFCW). Terrapin has entered into a Labor Peace Agreement with the Union to avoid labor disputes and to promote harmonious labor relations.

“Terrapin recognizes that partnerships between the business and nonprofit sectors create synergies which benefit individuals and the larger community,” said Roseann Mazzeo, S.C., WomenRising Executive Director. “Workforce development is critical to our mission of assisting women and their families to achieve self-sufficiency and live safe, productive and fulfilling lives. We look forward to working with Terrapin in developing additional opportunities to support this mission.”

Social equity job fair 
Terrapin also has plans for a job fair with an emphasis on social equity. Terrapin will model the program after a similar event the company held in Michigan, where Terrapin provided resources to socio-disadvantaged communities looking for access to a new cannabis industry. Drawing upon our experience with Color of Cannabis, Terrapin will place a focus on diversity as it establishes operations in Hoboken.

Color of Cannabis provides technical business support, mentorship training, and partnerships for people of color and stakeholders negatively impacted by cannabis prohibition. The group will oversee a social equity informational session and resume-building workshop for Terrapin in New Jersey, holding the event virtually if COVID-19 prohibits in-person gatherings. Those who attend the informational session will receive valuable resume-building and interview tips to improve chances of employment. Participants will be encouraged to attend a Terrapin job fair and Color of Cannabis will screen resumes to ensure diversity in hiring.

Support from community leaders 
Terrapin partnered with several high-profile figures in the Hoboken community, including Joseph Castelo, a second-generation descendant of Galician Spanish immigrants who dreamed about building up the community that gave him and his family so many opportunities. Joe, a filmmaker and entrepreneur, has provided fundraising platforms and events for GLAAD, The Water Project, the Boys and Girls Club, and he has donated to numerous local charities. Antique Bar and Bakery, the Hoboken restaurant Joe co-owns, donates food to the community’s homeless shelter. Antique’s senior employees and Joe have also mentored local youth interested in pursuing careers in the restaurant business. Joe himself has extended employment opportunities to ex-inmates, an exercise that has been tremendously successful.

“It has been an honor and a pleasure to work with Chris Woods and his team at Terrapin,” Castelo said. “Terrapin’s culture aligns strongly with our commitment to serving the local community. We are thrilled to enter into a partnership to work with Terrapin to bring more opportunity and diversity to Hoboken’s workforce, while also offering access to patients who need medical cannabis. We look forward to a long relationship.”

Accountability
Terrapin has established several boards to reflect a commitment to Hoboken. The volunteer-based advisory boards include counseling on community impact, workforce development, and medical cannabis efficacy. The boards will convene at least twice a year to ensure that Terrapin is remaining true to its mission of positively impacting the local community, while maintaining a commitment to the integrity of medical cannabis.

Terrapin’s history as a pioneer
Founded in Boulder, Colo. in 2009 as one of the first licensed medical marijuana providers in the country, Terrapin has led the industry as a pioneer. Expanding to New Jersey serves as a homecoming for founder Chris Woods, whose family resides in the state. What started as a one-man business in an office park in South Boulder has blossomed into a national company with more than 300 employees.

Terrapin operates six dispensaries and four cultivation/processing facilities in Colorado. In addition to its Colorado operations, Terrapin operates a licensed grower/processor medical marijuana facility in Clinton County, Pennsylvania, and it recently launched a medical cannabis grower facility in Grand Rapids, Mich.

“We have a proven track record that ensures that we will fit in with the fabric of this community,” Woods added. “The relationships we have developed with the community allow us to serve as a responsible partner who is invested in the future of Hoboken and North Jersey.”

OLCC Processor Rules Advisory Committee Meeting

OREGON: The OLCC is currently in rule making to address issues surrounding the processing of marijuana. The purpose of this meeting will be to review applicable building/fire codes and address other processor safety issues that have arisen within the industry.

Meeting Details:

September 7, 2018

9:30 – 11:30 am

9079 SE McLoughlin Blvd.

Portland, OR 97222

The purpose of an advisory committee is to increase the public’s involvement in the drafting and development of administrative rules.