MAINE: How big is Maine’s new adult-use cannabis industry? According to the Maine Office of Marijuana Policy, there are 17 new adult use conditional licenses. The breakdown includes seven marijuana stores, five cultivation facilities, four products manufacturing facilities, and one testing facility.
New company brings together cannabis industry leaders including attorney-scientist Dale Hunt, researcher-physician Ethan Russo, and botanist-author Robert C. Clarke
CALIFORNIA: Cannabis industry pioneers, Dale Hunt, PhD, JD, Ethan Russo, MD, and Robert C. Clarke have joined forces to create Breeder’s Best, the first cannabis company to focus on intellectual property (IP) protection for independent plant breeders and licensing IP for access to markets worldwide. Breeder’s Best brings a global plant-licensing model, proven successful in other agriculture industries, to cannabis.
The liberalization of global cannabis laws and growing public acceptance of cannabis have created a rapidly escalating demand for cannabis flower, as well as therapeutics and products made with cannabis. According to a report by Prohibition Partners, the international cannabis industry is projected to grow to more than $103.6 billion by 2024.
While the cannabis industry presents significant opportunity, there exists a critical disconnect that separates the creativity of breeders from the markets that are demanding products with unique and proven genetic profiles. Additionally, there is typically very little IP protection to support good partnerships between breeders and cannabis brands. Breeder’s Best will connect these two key stakeholders while legally protecting the genetic inventiveness of breeders.
Breeder’s Best founder and CEO Dale Hunt says, “Our mission is to connect the best Cannabis genetics to the greatest needs and most promising commercial opportunities. To do that, we have assembled an unparalleled team of experts with deep experience at every level of the cannabis supply chain. As the industry matures, Breeder’s Best will be positioned to meet the demands of the increasingly professional and GMP-oriented marketplace while doing business in a way that benefits breeders and directs profitable and reliable business to growers who may otherwise be left behind. With our vision, team, model, know-how, and relationships, Breeder’s Best is poised to become the global leader in patented cannabis genetics and related products.” Dr. Hunt has been practicing IP law for 23 years. He has a PhD in plant cellular and molecular biology and has obtained thousands of patents and plant variety rights for his clients in more than 30 countries.
“Cannabis use is finally normalizing. At Breeder’s Best, we present independent Cannabis breeders the opportunity to protect their unique varieties and assist them in placing those genetics in lucrative markets. This is a great service to breeders who would prefer to focus on the art and science of breeding, instead of dealing with the mechanics of commercialization,” said Breeder’s Best Director of Agronomy and Genetics, Robert C. Clarke. Mr. Clarke is a 40-year cannabis industry veteran, revered for his books Marijuana Botany, published in 1982, and Cannabis: Evolution and Ethnobotany, published in 2013.
The Cannabis plant produces over 450 chemical components, many of which are potentially therapeutic. However, decades of cannabis prohibition have resulted in a lack of genetic diversity worldwide and a predominance of only a small fraction of potential agents.
“We have just begun to scratch the surface of everything that cannabis can do to improve and enhance our lives,” said Dr. Ethan Russo. “That’s what Breeder’s Best will do. Identifying, selectively breeding for and utilizing specific chemical components will truly transform medicine in the coming decades.” Dr. Russo is a board-certified neurologist, preeminent medical cannabis expert, author of more than 50 peer-reviewed medical journal articles and a veteran of GW Pharmaceuticals where he served as Senior Medical Advisor as well as the Sativex® and Epidiolex® clinical trial Study Physician and Medical Monitor.
About Breeder’s Best: Breeder’s Best is a privately held Cannabis IP genetics company organized as a B Corporation to demonstrate our commitment to independent Cannabis breeders and to meeting the worldwide needs of patients and consumers for superior products. To learn more about Breeder’s Best visit www.breedersbest.com.
MJNews Network Exclusive Report
By Lorelei Caudill
Are we potentially growing our own cure for this global pandemic?
Is the United States the most well-equipped country to potentially conduct one of the most extensive case studies in our world’s history?
Let’s take a more in-depth look at why the answer may be a yes.
In these times of uncertainty, globally, we are starting to look at science and data to help guide critical decisions to determine our new social norm needs. Cannabis is under the microscope on a global level since the beginning of this pandemic.
- Studies conducted with complete summary – Seattle, Washington San Antonio, Texas Iran Indonesia Israel – Jerusalem Alberta, Canada
- Studies in progress – Miami Florida Israel
- Published Scientific Hypothesis – American Study for Microbiology
- Press Release – Ontario
- Morocco Medicinal Plants with like compounds showing promise as well
We are leaning on technology, data, and statistics on how and when to reopen our states and communities. We look to science to help us learn more about how the virus is spread. Some of the world’s best doctors have now taught us “How to wash our hands.” It seems a little crazy, right?
When we think of COVID19 and Cannabis, we need to do the same and lean scientific data from successful cannabis studies in the past (which is quite a bit, despite what many think) and watch the continuing studies with COVID19 scientists are conducting today on a global level.
Initially, some may say, “Nope, I consume cannabis, and I tested positive” (to be honest in my current COVID Survey has only been one person since I published on March 21st).
Disregarding Cannabis as a potential to help with this global pandemic, is like saying you wash your hands, and you still contracted COVID19.
Realistically everyone’s next questions would be based on scientific data:
- What did you wash your hands with?
- How long did you wash your hands?
- How often did you wash your hands?
We need to think the same way and apply theory and scientific data to Cannabis:
- What cannabis product did you consume?
- How frequently did you consume Cannabis?
- What form factor of Cannabis do you consume? (inhaled, edibles, tinctures, etc.)
Cannabis plants are not all created equally. The plant contains more than 110 possible cannabinoids and over 120 terpenes, all of which work differently in the human body. To add yet another layer of complexity, research has found certain cannabinoids work differently with other cannabinoids/terpenes. This variable is called the entourage effect.
According to Strain Genie :
- Terpenes such as alpha-pinene, limonene, and isoprene can cause irritation to the upper respiratory system. However, they can provide anti-infectious effects for bronchitis. Both alpha-pinene and beta-pinene were found to have antimicrobial and antibacterial properties.
- Beta-Caryophyllene provides a balancing act of the various cannabinoids, and terpenes creates an environment for synergism and homeostasis.
- The NIH has a study posted from 2008 – Antibacterial Cannabinoids From Cannabis Sativa showing All five major cannabinoids (cannabidiol (1b), cannabichromene (2), cannabigerol (3b), Delta (9)-tetrahydrocannabinol (4b), and cannabinol (5)) showed potent activity against a variety of methicillin-resistant Staphylococcus aureus (MRSA) strains of current clinical relevance.
In addition to how Cannabis interacts with our human endocannabinoid system, there are other scientific data points to consider, our individual DNA. Research Scientist Nicco Reggente Ph.D., co-founder of Strain Genie, takes cannabis science to a whole new level by providing insight and data required to understand how we can use human DNA to further analyze how an individual metabolizes Cannabis, including the infamous intoxicating compound THC.
Strain Genie analyzes over 450 genetic biomarkers to recommend the best consumption methods and ratios per consumer. With this type of data and information, we can be less fearful of Cannabis as a potential aid in COVID19, knowing we will not have to walk around high or heavily sedated to prevent contraction and spread. It may even help you wash your hands a little longer!
Strain Genie uses DNA biomarkers to align cannabinoids and terpenes within the cannabis plant the help tame or mitigate much of the “high” with Cannabis by providing a custom THC: CBD ratio along with additional terpenes to pair when looking to combat things like cannabis-induced anxiety in individuals that may also be genetically predisposed to having depression, PTSD, or OCD.
Let’s Put Actual COVID19 Under A Microscope With Cannabis:
Next, let’s apply this potential:
As you can see, the public-facing laboratory test for each harvest in our legal markets holds valuable data. This is the type of data we can use to help propel us forward when thinking about Cannabis and the potential with COVID19. Cannabis consumers may request their products laboratory test upon purchase.
Could this lead to one of the most extensive human case studies in cannabis history?
Slight curveball, not every state-level legal growing operation, is required to provide a terpene content and potency profile. Currently, California, Michigan, Connecticut, and our nation’s capital District of Columbia are the only places that require a terpene profile on top of the cannabinoid profile per harvest; this makes them prime candidates to further research!
In closing, I believe we are much closer than ever to have the ability to quickly link cannabis COVID19 when looking for ways to prevent the spread, and potential treatments. We may find Cannabis as a temporary relief until a vaccine is created. This would allow us to open up more safely and to mitigate much of the risk. The world’s scientists, cultivators, and our states rigorous regulations and testing requirements that have progressed us forward while leaving a valuable data trail in a moment when time is not the most kind.
Caveats – AS ALWAYS PLEASE CONSULT WITH YOUR PRIMARY CARE PHYSICIAN BEFORE PURCHASING OR CONSUMING CANNABIS BASED PRODUCTS
- Smoking cannabis is unfavorable, regardless.
- Consuming cannabis may pose a risk to pregnant women.
- Products with THC are not recommended for consumers with some cancer types where tumors are present.
- Be aware Cannabis is known to have interactions with other medications.
About Lorelei Caudill – Cannabis Science 101 – www.cannabisque.org
I am a mother, a sister, a daughter, and a granddaughter. My family and I have personal experience with the medicinal value of Cannabis.
Over the past few years, I have dedicated much of my spare time to understand the science behind the “how” and “why” Cannabis works with the human body. Why do some consumers benefit from the medicinal value of Cannabis while others do not? Why would one product have little to no results, while others not only relieve symptoms but help with the root condition?
My goal with Cannabisque is to provide an unbiased platform of educational content created directly from highly regulated studies to educate Cannabis curious consumers globally as we learn more about this miracle plant the promise scientists are documenting in research today.
With conventions on hold nationwide NECANN and its partners are creating online networking and education programs
MASSACHUSETTS: The New England Cannabis Convention today announced it has launched a free series of Cannabis and Hemp virtual seminars in partnership with NECANN Boston convention exhibitors and sponsors.
The weekly series of free webinars, virtual meetings, instructional videos and educational content is designed to help fill the current void in cannabis industry networking opportunities created by the cancellation or postponement of business meetings, trade shows and conventions nationwide as a result of the COVID-19 public health crisis.
“Our network of NECANN exhibitors, sponsors, attendees and followers have been incredibly responsive to this,” said Marc Shepard, President and Co-Founder of NECANN. “We are all in this together as an industry and as a nation. It’s unclear exactly when large-scale events and conventions will be able to resume in full. That’s why we are working together as the NECANN community to stay connected through high-quality virtual seminars and other networking and education opportunities.”
The first NECANN Cannabis and Hemp Virtual Seminar Series program was a webinar with Nic Easley of 3C Consulting on the actions cannabis business operators should be taking to maintain essential operations, ensure safe patient access to cannabis and manage through mandatory closures.
The Green Cannabis Packaging Series, a YouTube video mini-series created by Contempo Specialty Packaging, will educate participants in eco-friendly and sustainable packaging and packaging best practices. NECANN is also offering the instructional video Home Growing – produced by Trifecta Natural Solutions. The program delivers expert guidance on handling mold, mildew and pests with preventative maintenance using Trifecta Crop Control. And Heady Vermont – also in partnership with NECANN – is moving the Women in Cannabis Summit to an all-virtual online format on Saturday, April 11th.
Other programming in the NECANN Cannabis and Hemp Virtual Seminar Series will be announced through weekly email updates every Monday, and a full list of offerings can be found in the free content section at NECANN.com and on Facebook, Instagram and Twitter.
NECANN Boston 2020 has been rescheduled to June 27, 28 and 29 at the Hynes Convention Center. NECANN will honor all vendor registrations, pre-sale tickets, and sponsor commitments on the convention’s new date. The New England Cannabis Community Awards, The Diversity Supplier Expo/Job Fair, and the first-annual NECANN Competition awards will remain as featured programs during the rescheduled three-day cannabis trade show. A full list of all NECANN show reschedule dates is also available at NECANN.com.
The workout is considered as trending physical activity these days. As interest continues to grow among health and fitness trends, people have begun to look for new ways to enhance their fitness regime.
Perhaps, eating a lot of protein and taking pre and post workout supplements can help you make the most out of your workout. This is where CBD comes in. Although CBD is not classified as a health supplement by the FDA – CBD helps restore the body, including muscle building and recovery.
A group of Colorado based researchers recently conducted a study to know how the use of cannabis affects athletes. And, it was found that there exists a possible role between the plant and pain management. The study took into account cannabis use patterns and its effects in a community-based cohort of adult athletes.
AIM OF THE STUDY
Athletes typically don’t sleep well and are anxious, so, the Athlete PEACE Survey aimed at examining cannabis use patterns and subjective effects of cannabis amongst adult athletes. Besides, it also observed the pain outcomes after the treatment. Out of 1,161 athletes who completed the survey, 301 were current cannabis users.
The researchers determined cannabis user phenotypes and also created subjective effects factors. Additionally, over half of the cannabis users reported consumption three or fewer times per week.
- Cluster analysis identified three statistically distinct cannabis user phenotypes
1) Athletes aged forty years and above – Primarily medical CBD users
2) Mixed age athletes – Recreational Cannabis users using both THC and CBD
3) Mixed age athletes – Long-time cannabis users using primarily THC and CBD.
- EFA (Exploratory Factor Analysis) showed three subjective effect factors:
a) Well-being (To measure pain-relief)
b) Calm (To measure anxiety-relief)
c) Adverse (To measure side-effects)
The athletes exhibited the most benefit to well-being and calm with minimal adverse effects.
This methodology can be used to develop real-world evidence to inform future use of medical cannabis products.
The analysis revealed:
- Three distinct cannabis user type clusters – (It intended to inform -the patterns of using cannabis by each phenotype-cluster to experience corresponding benefits)
- The difference in subjective effects of cannabis by these cannabis user type clusters
- Combined THC and CBD use provided the largest benefits which increased with frequent use.
- Athletes experienced adverse effects at low frequency
- More athletes achieved anxiety-relief as compared to ones experiencing pain-relief
In all the three clusters, positive effects were more often observed than adverse effects. However, amongst all the three clusters, long duration COMBO cluster showed the strongest positive and adverse associations to the use of cannabis. Henceforth, the full spectrum CBD oil which has CBD & THC is the most beneficial and plays a vital role in the well being and calming factors together with having low adverse effects.
The study shows that cannabis had an effect on athletes well being together with calming and adverse effects such as anxiety and paranoia.
WHAT THE RESEARCHERS HAVE TO SAY?
The cluster analysis in cannabis research focuses on the problem use behaviors. The analyses suggest that adult athletes are using cannabis responsibly and primarily for medical conditions such as pain and anxiety. In addition, current cannabis users exercised at a high frequency with about 63% exercising 5–7 days per week and 71% exercising 6–15 hours per week (data not shown), numbers that far exceed the weekly recommendation of 150 minutes per week of exercise.
The researchers hold the view that the research of cannabis use and especially for certain groups won’t be stopping anytime soon. They are more excited and enthusiastic to study cannabis use in more demographics.
Amongst all, the older adults are the fastest-growing demographic initiating cannabis use. Such research studies will also help you know how the products affect the consumers and how they’ll be used in future.
Scientific research has laid down the base to outline the possible benefits that CBD consumption can offer post workout to athletes.
Most importantly, CBD widens the therapeutic effects of THC and benefits more as a whole. It helps reduce some painful side effects caused by muscle recovery.
The effect of CBD differs from individual to individual. However, it can make a noticeable change in your workout routine or muscle soreness.
CANADA: Tilray, a global pioneer in cannabis research, cultivation, production and distribution, today announced it has imported medical cannabis oral solutions in bulk into the United Kingdom from its Good Manufacturing Practices (GMP)-certified facility in Canada. This export allows Tilray to provide authorized U.K. patients in need with a locally maintained supply of medical cannabis oral solutions.
In September 2018, Tilray announced the successful import of Tilray 2:100 medical cannabis oil for a pediatric patient in need in the United Kingdom. Tilray’s 2:100 cannabis oil was supplied via a government-approved special access program following the U.K. Home Secretary’s historic announcement that declared prescriptions of cannabis-derived medicines legal for patients with an exceptional clinical need.
“As demand ramps up in the U.K., Tilray is well positioned to be a leading supplier of medical cannabis products,” says Sascha Mielcarek, Managing Director of Tilray Europe. “Regulations are progressing as more and more countries across Europe are recognizing the benefits of medical cannabis and its potential to improve patients’ quality of life. We’re pleased to reaffirm our commitment to delivering medical cannabis to patients in the U.K. and look forward to offering a variety of GMP-certified, pharmaceutical-grade products in the coming months.”
Tilray has six medical cannabis products approved for medical use in the U.K. that can be made available to patients with medical cannabis prescriptions obtained through private practice or the National Health Service. Tilray anticipates supplying a variety of cannabidiol (CBD)-dominant, tetrahydrocannabinol (THC)-dominant and balanced oral solutions for patients looking to use medicines derived from cannabis.
“This bulk import of Tilray medical cannabis oral solutions provides patients in need access to a sustained supply of GMP-certified, high quality medical cannabis,” says Catherine Jacobson, Tilray’s Vice President of Medical and Regulatory Affairs. “This is an important step in improving access in the U.K. Tilray will continue to advocate for reasonable patient access to medical cannabis in the U.K. and countries around the world.”
According to research by United Nations, more than 150 million people in the world use marijuana. That makes around 3% of the world’s population. However, that should not be surprising because this drug continues to get legalized by many states.
Although marijuana is always seen as a notorious drug, there is no escape from the fact that it has several medical benefits. Despite its harmful side effects as a result of over-consumption, the sales continue to boost every year, and the numbers are rampantly thriving.
Just last year, taxes from the sales of legal marijuana crossed the $1 billion mark.
Why do people use marijuana?
Marijuana is a drug that is extracted from the cannabis plant. This plant is being cultivated in several countries across the globe now. People have their reasons to use it. Most doctors prescribe marijuana drugs owing to the medical benefits it has whereas many smoke it to reduce stress and cut off depression.
Young adults and teenagers are using marijuana more than ever because of its legalization in several states. However, smoking should be done cautiously to avoid any issue. You can consult Grasscity the world’s oldest headshop if you are looking for smoking accessories that can help in using marijuana better.
Medical Benefits of Marijuana
Helps in Chemotherapy Treatment
Chemotherapy treatment is given to patients who suffer from cancer. The aftermaths of the treatment include nausea and vomiting. Smoking marijuana can help in cutting down these aftermaths, thus making a person feel better.
It can relieve chronic pain
This is one of the main reasons why elderly people make frequent visits to marijuana stores to buy it. Marijuana is known to cure chronic pain in the muscle and joints. Though it might not be able to directly cure severe muscle damage or pain, it can surely cut down the chronic pain.
Helps in reducing migraine attacks
Migraines are severe headaches that disturb a patient’s routine completely. One who goes through these attacks can exactly tell what they’re going through. Marijuana helps cope with these attacks and provides relief to a patient. Marijuana is inclusive of cannabinoids which are strong activators of the endocannabinoid system.
Can help in cutting down Alzheimer
Alzheimer is a widely growing disease across the globe. The potential damage is inclusive of the loss of brain cells. There are some hormones excreted by the brain that kill the cells in it. Marijuana can help by forming plaque enzymes which will stop the process of dying brain cells.
Marijuana can help in reducing high blood pressure
Patients who suffer from hypertension are at great risk of heart strokes and nervous breakdown. Though it is still not confirm as to how the mechanism works but a study from 1979 did conclude that it helps in cutting down hypertension. Moreover, people who suffer from the issue have reported to having a stabilized heartbeat after marijuana intake.
Helps in reducing anxiety
Overconsumption of marijuana is the major cause of anxiety but reverse done; it can help in reducing it. People who smoke marijuana have deduced that it reduces anxiety and relieves their stress.
Can Cure Sleep Disorders
People with sleep disorders are often prescribed with marijuana. This is true; the drug can be used to treat patients who suffer from multiple issues related to sleep. Many people often complain of sleepless nights, nightmares and hallucinations. Smoking marijuana before bed or taking it in a drug form can help in getting a good night sleep.
Helps in reducing Acne breakouts
Acne is a major skin disease that affects many people globally. Not only does it make a person look less appealing but also disrupts the routine life of an individual in terms of communicating with the rest of the world. Acne breakouts result from over-production of a hormone in the skin. Marijuana can help by stopping the production of that element.
Lastly, marijuana has several other benefits that are lesser known to people. The legalization of the drug is enough evidence that suffices for the notion of medical benefits. The use of marijuana continues to grow with higher revenues for the manufacturers and more taxes for the state. It is no wonder that a drug that was infamous at once is now famous for all the right reasons in the medical industry.
CALIFORNIA: Sproutways, a B2B platform provider for the cannabis and hemp marketplace, together with the Santa Cruz Center of Botanical Studies, will be holding the California Cannabis Summit 2019 on May 18th at the Seascape Resort in Aptos, California.
Leaders in breeding and genetics, cultivation, research, and business from California’s thriving cannabis and hemp market will gather for an exclusive day-long conference. The summit content is organized from seed to retail with experts in each phase of the journey, including finance and legal, providing actionable insights for attendees.
“For too long, cannabis has been part of the underground economy. As state and local regulations evolve to provide a legal framework in which to operate, cannabis supply chain operators need access to pertinent information to help develop the market,” said Joseph Sulistyo, CEO and founder of Sproutways. “The time is right for smart B2B platforms that facilitate marketing, brand-building, knowledge-sharing and trusted connections between producers, operators, financiers, and service providers to maximize the cannabis and hemp market opportunity.”
The main panel will showcase three legendary breeders: Bodhi Seeds, SnowHigh of Genetix Genius, and Kagyu of Coastal Seed Co., all of whom have curated and developed award-winning cultivars featured at the Emerald Cup, High Times Cannabis Cup, and Santa Cruz Cup. They will join panels of cannabis and hemp industry luminaries including Nikki and Swami of Swami Select, Matt McCain of Recreator, and Craig Nejedly of Satori Movement.
Progressive financial, agricultural, and technology corporations are sponsoring the event, providing a productive environment in which to form new business relationships. Sponsors for the event include:
- Platinum Sponsors: C2 LLC, Integrated Compliance Solutions, AKBB Trading Company
- Gold Sponsors: Strong Agronomy, Coastal Sun, Coastal Moon, Coastal Starts
- Silver Sponsors: Ascend Cannabis Co, Bequest Tech , Pavatti Pure H2 Organics
Event information can be found at https://events.sproutways.com/
Digital marketing agency 420MEDIA and the Marijuana Business Association (MJBA) have joined forces to create a series highlighting entrepreneurs trailblazing the cannabis scene. Each week, we profile a noteworthy business pioneer and ask each 5 questions. This week we talk to trailblazer, Muriel Young Bear, Consultant at Bear Cub Consulting, LLC.
Tell us about your Company
My traditional name is Mekw iid (Me’qu’ish), or Bear Head. I am a Bear Clan member of the Meskwaki Tribe in Tama, Iowa, Haskell Indian Nations Alumni, current board member of the Planted Association of Kansas, and Iowa Hemp Association board member.
I specialize in Economic development and diversification in Indian communities. I started my company to contribute my business background to Tribal Nations, specifically. I founded Bear Cub Consulting in 2017, where I work specifically with tribal communities to diversify Tribal operations, investments into the emerging Hemp industry. I also work in tribal entrepreneurship & small business development for tribal members. I am passionate about the sustainable use of land and resources, as well as strengthening sovereignty for all tribal nations and local economies. I began studying Hemp markets, supply chains, and business models as a graduate student at the University of Kansas in 2016, finding ways to apply them to Indian Country.
Historically, Indian tribes had a close relationship with this plant, specifically fiber. Hempstead Project Heart, founded by John Trudell and managed by Tribal Hemp advocate Marc Grignon, has uncovered historical Hemp artifacts such as Traditional twine bags, prisoner hand ties, fabrics for our bandolier bags and our bow strings. Our relationship with the Low THC fiber plant, is apart of our traditional history. I am excited to see this industry happen in Indian Country!
I am also an advocate for local, organic food systems, slow food, and food sovereignty. This Hemp seed is a perfect superfood and is highly nutritious. With food items such as hemp meal, hemp milk, hemp seed, and hemp flour, this is one of my PERSONAL favorite usages of the Hemp plant. It is also how I found Industrial Hemp!
I strongly believe this plant is MORE apart of our culture than we realized, or simply forgot. I want our tribal governments to be confident with economic diversification into this industry, it is in tune with our beliefs about sustainability. Along with the incredible history we have with the plant, the environmental benefits far exceed what we are invested in today! I would love to see us move away from fossil fuels, tobacco, timber and grow sustainable and renewable resources like Hemp!
What change will your firm address in the industry? Does it address an unmet need?
I am looking for partnerships, between states, tribes, and farmers to create a strong domestic supply chain for future generations. Right now, we all are aware of the lack of infrastructure in the US, and I know tribes can provide capital, as well as tax incentives and vast amounts of land for large-scale products like fiber and seed. Now that “And tribes” has been included into the revised 2019 Farm Bill, the possibilities are only the limits of our imagination.
Industrial usages in fiber and seed constitute 90% of its overall potential, versus CBD Flower. When I think of HEMP, I think of the Hemp American Flag. I think of Henry Fords’ Model T reinforced with hemp fiber, and the Hemp oil it ran on. I think of the FIRST Levi Strauss hemp Jean! I am highly interested in other areas of the Industrial Hemp market and I would like to see tribal councils start investing in the domestic supply chain, on tribal lands. Diversify our business investments into something more sustainable and renewable. Which aligns with our belief as caretakers of the earth.
What has been the reaction to your product/service/technology?
I provided education and advocacy for the last 2 years in illegal midwest states. Ever since I launched my “Hemp is the way” social media awareness campaign in 2016, I have received such an AMAZING response from both Tribal Members, Tribal Councils, and Hemp Industry leaders alike! I have been invited to discuss Tribal Economics and how we would diversity into Industrial Hemp on several occasions. I feel many people would love to see tribal economies thrive, as a way to strengthen sovereignty.
Are there any upcoming milestones for your company?
I will be attending at the 2nd annual Tribal Green symposium, in Las Vegas. Feb. 19-20 at the Paiute Golf Resort. This will be the FIRST chance tribal leaders will be able to take investments seriously, with the support of the Farm Bill. Excited to consult with attendees.
I am also currently a CSA (community supported agriculture) coordinator at a local, organic Kansas farm. 50 acres USDA certified organic. We are applying for my FIRST license to grow Industrial Hemp. This is my first year with the plant in the ground, It has been a long road, but now the real work begins! Stay tuned for updates
Where can readers learn more?
Please visit my facebook or LinkedIn page, all my upcoming projects will be available as we enter the 2019 growing season.
Ke ti’ bi – Thank you
Digital marketing agency 420MEDIA and the Marijuana Business Association (MJBA) have joined forces to create a series highlighting entrepreneurs trailblazing the cannabis scene. Each week, we profile a noteworthy business pioneer, and ask each 5 questions. This week’s featured trailblazer is Jeff Binder, CEO and Chairman of CLS Holdings USA Inc.
1. Tell us about your Company
CLS Holdings USA, Inc. is a diversified cannabis company that, subject to receipt of certain anticipated license approvals, acts as an integrated cannabis producer and retailer in Nevada and plans to expand to other states. CLS stands for “Cannabis Life Sciences,” in recognition of the company’s patented method of extracting various cannabinoids from the marijuana plant and converting them into products with a higher level of quality and consistency. Our business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting services.
2. Why did you choose the cannabis/hemp business?
I may have to thank McDonalds for the inspiration! I have a juris doctorate degree from the National Law Center, George Washington University School of Law. I practiced law in Chicago. Five years after joining the firm, l had the good fortune of representing one of the firm’s clients, Ray Kroc, the founder of McDonald’s. Ray instilled in me good business practices and he helped me open my eyes to the world of entrepreneurship. I entered this industry very early and that is why CLS is well positioned to seek and act on opportunities of an industry in its infancy. We understand the challenge and responsibility that goes with such an undertaking with my experience.
3. What change will your firm address in the industry? Does it address an unmet need?
With new states enacting new legislation on both medicinal and recreational adult use in cannabis, our company intends on becoming an active participant in the ever-expanding marketplace by making strategic acquisitions along with continued organic growth of our existing platform in Las Vegas. We are particularly intrigued by states like Massachusetts, who are on the cusp of implementing a robust adult use marketplace. We are also actively pursuing opportunities for our patented proprietary processing technology and have started the build-out of our first facility at our Nevada location and are entering dialogue and discussion with many of the prominent players in Canada.
4. What has been the market reaction?
We understand that this is a marketplace that requires knowledge and the ability to rapidly access the capital markets to be in a position to win and/or execute on some of these unique opportunities. It’s our view at CLS that we are in the very beginning stages of a rapidly developing legal cannabis marketplace with new rules and regulations, which are becoming more favorable. CLS should be able to rapidly grow its existing business along with making substantial accretive acquisitions. It is our goal in the coming years to create and maximize shareholder value by generating revenues with fundamental support.
5. Are there any upcoming milestones for your company?
We just announced that CLS has executed two Letters of Intent (LOIs) to enter the rapidly growing Massachusetts market, which has been operating as a legalized medical jurisdiction since 2015 and has approved legalized recreational use. We agreed to loan $5 million to In Good Health, a licensed medical dispensary in Brockton, Massachusetts. Along with the loan, CLS will have an option to acquire it. The Brockton dispensary was the second licensed dispensary in the state and has been operational since September 2015 and is currently servicing 17,000 registered patients and delivering to 1,700 homes with key product offerings of flower, concentrates, vapes, edibles, pre-rolls and tinctures.
We continue to be enthusiastic about Oasis Cannabis in Las Vegas. The opportunity that we saw two years ago is developing along the lines that we anticipated. We have a strong team in place that has substantial knowledge of the cannabis marketplace in Las Vegas and the US. We are also incredibly excited about the prospects of our City Trees Brand. We currently have distribution in 25+ dispensaries in the Las Vegas marketplace are working on making it one of Las Vegas most recognizable cannabis brands.
Where can readers learn more?
Readers can visit our page for our dispensary by visiting https://oasiscannabis.com/
For additional information on CLS, please visit: http://www.clsholdingsinc.com