cannabis entrepreneur https://cashinbis.com Sat, 10 Sep 2016 00:02:22 +0000 en-US hourly 1 How Women Are Shaping The Future of Legal Cannabis https://cashinbis.com/how-women-are-shaping-the-future-of-legal-cannabis/ https://cashinbis.com/how-women-are-shaping-the-future-of-legal-cannabis/#respond Tue, 10 Nov 2015 14:00:03 +0000 https://cashinbis.com/?p=7504 How Women Are Shaping The Future of Legal Cannabis

A woman’s role in business has evolved considerably over the past century. As the era of the housewife dissolved and women entered the business...

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How Women Are Shaping The Future of Legal Cannabis

A woman’s role in business has evolved considerably over the past century. As the era of the housewife dissolved and women entered the business world by storm, many have since experienced a struggle to break through the corporate “glass ceiling”. Discrimination, pre-existing attitudes and the constant competition made the “glass ceiling” a controversial topic that was often swept under the rug.

Skip forward to present day, where women are truly shining in the business world. With more Owners, Founders and C level women business leaders than ever, the cannabis industry has not been neglected from the integration. As the industry forms at an alarming rate, so have the opportunities for driven and intelligent women to make a positive impact while rising to the top.

Within the legal cannabis industry, there is a diverse, broad cross-section of business opportunities that include not only internal segments such as dispensaries, cultivators, and labs, but also numerous ancillary businesses, including outsourced human resources, legal services, marketing and public relations, to name just a few.

Many of the voices supporting the cannabis industry are long-time advocates who have been driven by their passion for their civil rights and the overhanging health issues in our global community. Women have been a strong force at the forefront of this movement and are propelling the legal cannabis business at such a rapid pace, that there is no doubt that the cannabis industry could very well become the first female dominated multi-billion dollar global industry.

Recently, I had the opportunity to speak with several female thought leaders in the industry to gain their valuable insights and perspectives on how women truly are emerging as a dominant force and how other entrepreneurs can capitalize on this industry.

There’s No “Glass Ceiling’ in Legal Cannabis

Case in point, Giadha DeCarcer, an Ivy League-educated serial entrepreneur who obtained her undergraduate degree from the University of Pennsylvania and a master’s degree from Georgetown University, has 20 years experience in management, business execution, strategic business development, and has long focused on emerging markets. DeCarcer, a legal cannabis entrepreneurial powerhouse in her own right, identified a void in the legal cannabis industry–the lack of reliable and actionable data–and built New Frontier Financial into one of the leading “big data” research and technology companies in the industry.

“Given that women have been in many male-dominated industries struggling to be heard or to make as much of an impact as we may have desired, we have had much more of an incentive to enter a high-risk space such as the cannabis industry early on,” opines Giadha DeCarcer, the founder and Chief Executive Officer of New Frontier Financial.

I believe that this greater appetite to take a chance stems from our own risk-reward equation – we have less to lose and much more to win. As such, we have entered the industry guns blazing, educated, hungry and excited to finally have a clear path forward, with no glass ceiling, no ceiling period.

According to Pew Research, statistics show that women are graduating from college and receiving masters degrees in greater numbers than men. Likewise, the Small Business Administration reports that in part, because ten to twenty years ago, many women left their careers to raise a family are also now re-entering the workforce, the growth of new businesses created by women is increasing faster than that of men.

Advice for Aspiring Female Entrepreneurs

Jazmin Hupp, co-founder and executive director of Women Grow, an organization founded to connect, educate, and empower women in the cannabis industry, offers advice to women considering a career or launching a business in the legal cannabis industry:

We have a lot of amazing women in this industry. If you’re thinking about yourself personally, the first step is just to examine your own skill set. See what you’re really fabulous at. If you come from a marketing background, then looking at doing marketing in the cannabis industry is going to be a great first step.

Hupp continues, “If you don’t have professional expertise that lends itself to serving other businesses or serving the cannabis industry, then the first stop, honestly, is probably going to be getting a job with an existing cannabis company. That’s why a lot of folks come to our monthly events, to meet people in the cannabis community and get an understanding of which types of companies they might want to work for.”

Yoela Palkin, another female entrepreneur and co-founder of Wherefour, Inc., an innovative Silicon Valley-based cash-management and analytics startup catering to dispensaries observes, “As a female who’s grown up in the tech industry, I’m used to seeking out sectors with challenges that can be solved through new product development. There’s a huge opportunity [for women] to dive in and be one of the first innovators, but it also takes a strong work ethic and a deep understanding of your customers’ real issues.”

Final Words of Advice

While the legal cannabis industry has matured significantly over the years, medical and adult use is still illegal under federal law. Likewise, because laws and regulatory frameworks differ significantly from state to state, there still is somewhat of a “wild west” element to the industry. Consequently, authorities in the industry believe it imperative that aspiring entrepreneurs take their respective roles seriously and deliberately. According to Renee Harrison, Founder and CEO of Moguly Media:

For women who are new to the industry or established, I suggest they commit to learning as much as they can about the industry and keep up with the landscape as it continually involves. You can’t know everything, so define your niche and don’t ever stop learning.

Harrison further advises, “Take continuing education classes, attend conferences, and network through organizations such as Women Grow. Then contribute to the industry and your peers; share your knowledge with the world by mentoring others, contributing to publications, volunteering to be a guest on podcasts, and even consider writing a book. Not only will you be making a positive contribution to the legitimacy of the industry, but you will build your personal brand and business in the process.”

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Alexa Divett: Cannabis Marketing & Branding Is Critical https://cashinbis.com/alexa-divett-cannabis-marketing-branding-advertising/ https://cashinbis.com/alexa-divett-cannabis-marketing-branding-advertising/#comments Tue, 27 Oct 2015 13:00:48 +0000 https://cashinbis.com/?p=7246 cashinbis, cannabis, marijuana, maya media collective, alexa devitt, 420, branding, marketing, advertising

Cashinbis has talked about marketing, branding and advertising in the cannabis space before, but Alexa Divett, Co-Founder and Marketing Director for Maya Media Collective,...

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cashinbis, cannabis, marijuana, maya media collective, alexa devitt, 420, branding, marketing, advertising

Cashinbis has talked about marketing, branding and advertising in the cannabis space before, but Alexa Divett, Co-Founder and Marketing Director for Maya Media Collective, is approaching the subject of cannabis business development in a new and refreshing light. A seasoned veteran of the cannabis industry, as well as a long-time cannabis advocate, Alexa brought her impressive business savvy into the industry years ago, when she first got involved with the medical side of the community. Fast forward years later and Maya Media Collective is quickly becoming an authority in cannabis related marketing and branding strategies. In fact, WeedBlog called Alexa’s eBook Marijuana Millions: The Foundation For Success, the best cannabis industry branding literature on the market today. Alexa has worked hard to establish herself as an expert and a thought leader in the cannabis space, a space that Alexa loves and couldn’t be happier to be a part of, as she explains in our recent conversation.

Tell us a bit about your background before you co-founded Maya Media Collective?

I’ve been a long-term cannabis advocate and a medical grower for the last 8 years. I went to college in Ashland, Oregon at Southern Oregon University where I graduated with a degree in public relations in 2001. In my first 10 years out of college, I did a lot of public relations and marketing strategies in the non-profit world. In 2009, I started an online coaching program teaching college graduates how to create successful business practices using online marketing principles and the power of the internet. As a certified business coach with a background in public relations, my main focus has been using public relations and smart marketing techniques to help non-profits and young entrepreneurs build successful businesses.  


Prefer to listen to this interview? Listen below!


When and how did you decide to enter the cannabis industry professionally?

We have a very strong medical cannabis program in Oregon, and I’ve been a cannabis advocate since my teenage years. Around 2008, I was approached by a friend of a friend who had multiple sclerosis (MS). She asked if I would be interested in becoming a caregiver for her. It seemed like a good fit and when I jumped into the medical community, I found such a passionate group of people as well as many patients benefiting from using medical cannabis.

There’s no other industry right now that allows you to get in on the ground floor, work closely with the movers and shakers, and create something that works for everyone.

I didn’t realize that I would be able to create a new career for myself by merging my experience in public relations and marketing with my passion for medical cannabis. I get to use my experience to help cannabis entrepreneurs serve the medical and now recreational communities. It’s really exciting to be able to blend my passions. Finally I get to live that quote, “If you love what you do, you never work a day in your life”. I used to think only crazy people said that but now I realize how much I love what I do. I couldn’t be more passionate and grateful I am about my new career.  

Is this an industry you planned to get into? Or did joining the cannabis industry catch you off guard?

I think it was a blend of both. I’ve always been passionate about cannabis and I always saw the medicinal value behind it. The power of cannabis is so vast, helping patients with cancer, epilepsy, MS, arthritis, and many other diseases. However, if you were to tell me that I would be working in the cannabis industry 10 years from now, I would have laughed and said ‘I hope so’. None of us thought that this industry was going to unfold this quickly and with such amazing results. We’ve all been in the dark, but now that it is here, it is a perfect fit for me. I’m involved in the community and I’ve been involved in this family for a long time. I have these skills that I can use to help people in the cannabis industry, and it feels great to be a part of it.

What was your household like growing up, was it strict or more free-spirited?

I had a strict upbringing, growing up on the east coast, right outside of New York City. My parents were both entrepreneurs in advertising and finance. They definitely would not have been on board with my business, at least not until the Wall Street Journal started writing articles about the industry. Now they send me articles and tell me how proud they are of me because the see that we are all pioneers in this industry. East coasters are all about the mighty dollar. They see this as an amazing opportunity, especially now that I have been able to educate my parents about how medical cannabis can help them with their own ailments. They are seeing the science and economics catch up to what seemed like a counter-culture to them for a long time.

I’ve always been a free-spirit. As kids raised by entrepreneurs, we were trained to understand risk, work hard, and have good manners, all while learning as much as possible along the way.

Now you’re the author of the Marijuana Millionaires eBook series, which WeedBlog said was the best cannabis branding book to date. Can you talk about what the eBook is and who should be reading it?

 is an eBook that helps cannabis business owners use smart branding and marketing techniques to create success in their business. Going above and beyond standard marketing advice, it gives background on the industry as well as information on the pioneers of the cannabis world. The eBook also talks about using community service as a public relations tool and how helping your community is a very smart marketing and branding technique.

A lot of what the WeedBlog was saying really resonated with me. There are all these people, really amazing marketers and branding consultants, who don’t know much about the cannabis industry, seeing this movement as a “green rush”. While many of them are smart and  amazing people, they don’t really know about the background of the cannabis industry and all the effort spent to get the industry to where it is now. They bring their outside “cookie-cutter” business mentality and that doesn’t necessarily translate to this space.

The difference between more mainstream techniques and the Marijuana Millions eBook is that it really understands the history of the cannabis industry. It shows that we do need these time-tested marketing principles and branding techniques, but we also need to balance that with gratitude and an understanding of what it has taken to get the industry this far. It didn’t happen overnight. Marijuana Millions really resonates with industry insiders because it was written by someone who has been in this industry for a long time and who understands the power of medical cannabis, as well as the economic benefits from adult use. I think that it is an incredible opportunity to reach the masses who are interested and have worked hard for this industry.

I want to help the trailblazers of this industry be successful because they deserve a piece of the pie. They have risked their lives for this and they work so hard to serve the medical community. I am on a mission to help them be super successful while the opportunities are here.

Join the ranks: Are you a CEO, entrepreneur or someone in the cannabis industry who's making an impact? We'd like to hear your story!

Is it too late for people to enter the cannabis industry and get in on the ground floor? Where do you think we are in that process?

This industry is in its infancy. Even though it feels like it’s a runaway train and people are nervous they are going to miss their opportunity, they aren’t. We are not even close to what we are going to do. There are only a handful of states right now that are fully legal right now, plus DC. California is revamping their medical cannabis program while looking to vote on a recreational program in 2016. It’s not nationwide yet so everyone still has a chance to jump on the train!

Since the train is still at the station, we have the opportunity to build an industry the way the insiders, growers, processors, and medical patients want to see this industry work. That’s unique to the cannabis industry. There’s no other industry right now that allows you to get in on the ground floor, work closely with the movers and shakers, and create something that works for everyone.

People do business with people they know they can trust, and you build that trust by building credibility and positioning yourself as an authority.

Right now, the industry is wary of outsiders and of people who are just coming in for the dollar or don’t understand what these patients are really going through. The industry is also cautious about the big guns who are waiting to enter the space, those waiting for federal legality that will jump in with their multinational corporations.  

The family (as I like to call it) has an opportunity to create something amazing that we can all be really proud of. That’s why I really want us to all remember how we got here. I was only a little kid when these pioneers were working really hard on the industry. It’s easy to forget people like Jack Herer, who went to jail for this industry. Without these people, you and I wouldn’t even be having this conversation. I think that is something to remember when we move forward. Yes, there is money to be made. Yes, we want to earn our marijuana millions. But we don’t want to do that by stepping on each other. We want to create an amazing industry that levels the playing field for people that might not have an MBA but might be a master gardeners. There’s a huge amount of opportunity here, and I just want people to know that they can absolutely create a successful cannabis business and compete with the big guns.

Why is it so important, in your mind, to get a good business strategy together well before you launch your business?

It comes down to competition. The old mindset that cannabis will sell itself just does not work anymore. This industry in incredibly competitive. The Multnomah County of Portland, Oregon, has almost 200 dispensaries open within the city limits. How are we going to attract the customer who is driving down the street, seeing a different dispensary every 1000 feet? That comes from having a strong foundation and knowledge of what sets your cannabis business apart from the dispensary down the street.

If you don’t have that strong foundation, then you won’t create a branding strategy that is unique to you.

If you don’t have that strong foundation, then you won’t create a branding strategy that is unique to you. You won’t make that target audience stop the car and enter the store. Of course, a long-term success strategy has to piggyback on that. It’s not good enough to just have a beautiful logo and an amazing website. You have to have a strategy to drive traffic to that website and then turn that traffic into dollars in your store. That comes with a long-term strategy that looks at your foundation and creates a roadmap for where you want your business to go.

Is the lack of a long-term strategy one of the biggest avoidable mistakes you see people make?

Of course, the long-term strategy is incredibly important because a cannabis business, though unique, is still a business. The same principles and foundations that have worked for successful businesses across the world are going to work here. What I’ve seen, besides the long-term strategy, is that people love to put the proverbial cart before the horse. For example, I’ve seen dispensary owners get excited about having iPads hooked into their POS systems and digital screens of all their products, all before they have figured out their unique selling proposition or who their target audience is. They don’t know their mission statement or their value statement. It is really easy to get caught up in decorating your dispensary before you even have a logo or develop a website before you have your target audience established. You can have the most gorgeous dispensary in town, but if no one knows about it then you have just wasted a lot of money.

Smart branding strategy includes: knowing who you are, how you are different from everyone else, and most importantly, who you want to serve. If you don’t know these things, then the inside of your retail space really does not matter. These mistakes have appeared over and over with dispensary owners in Oregon. They are excited, and they should be, but you still have to take the time to put the foundations in place. I guarantee you all that Willie Nelson has a branding and marketing strategy.    

Let’s talk location. Can you compare adult use states, like Oregon, to one that may not be legal or have as much competition? Is there a difference to how entrepreneurs should approach the two areas?

The foundation is always the same, regardless of whether there is a ton of competition or not.

You always want to know who you are, why you’re unique, why you’re awesome, who you’re serving, and how you want to convey that in your branding. You literally have 7 seconds to sell your brand to a potential customer. That is not a lot of time. We are constantly bombarded with marketing and advertising messages, whether it’s text, phone, email, TV, or radio. We are constantly blasted with sales messages in this world. 7 seconds is all you have to tell your potential customers, through branding and marketing messages, why you’re awesome and why they should do business with you. That foundation is the same across the board, whether you’re entering a saturated market (like Portland) or entering a brand new market.

Being an Oregonian, I try to get outside as much as possible. I love hiking, going to the beach, swimming in the beautiful Oregon rivers, and hanging out with friends.

However, if you’re going to drop into Denver, Colorado and open an adult use store expecting to compete with the pioneers, you’re going to have to go above and beyond that foundation. What really helps in a place so saturated, and this is universal throughout all business, is going into the industry thinking, ‘How can I improve on what is already being done.’. You need to figure out what part of the population is underserved and how you can target them. Perhaps there is a demographic that is not being served in a certain part of town, or there is a product that somebody needs and they don’t know they need it. Figure out the pain point, whether it’s physical or emotional pain, so you can focus on how to serve their needs better than the competition. How can you fill those gaps through your branding and marketing to your potential customers?  

If you weren’t doing this line of work, what would you be doing instead?

Well, I would do this exact same thing, just for a different audience.

You can’t say that, pick something else?

I only say that because I have a marketing background for all sorts of different audiences. I think that if I wasn’t doing this then I would probably be managing some eco-yoga resort in some tropical island somewhere. For me, it’s about living a life of balance, working hard and helping people while also maintaining health and happiness. I would follow that path, and that is why I am super lucky and really grateful to be in the cannabis industry. I get balance every day.

What do I need, as a business owner, to maintain or even grow in this market space? If you’re not growing are you standing still, or possible going in reverse?

I think that it’s important to have your brand identity sealed and that you love it. Once you have that, then you have a few years before you have to revisit it unless it’s not working with you. However, if you work with a good freelancer or a really good creative firm, everything should be in line for success. You should be able to run full speed ahead with your branding for many years. The key is to build brand recognition. If Nike all of the sudden did away with the swoosh, they would have an uphill battle to rebrand. Of course, you don’t want to do that. Once you have your branding set, you want to run with it.

With the digital platforms changing so rapidly, you can’t really set a 10-year plan or marketing strategy.

It’s your marketing and advertising strategy that needs to grow as your business grows. That includes a budget. You need to look forward to a 3-5 year plan, not necessarily a 10-year plan, a concept that I discuss in the eBook. 5 years ago if we knew that Instagram would be everything for the cannabis industry then people would have planned for that.

With the digital platforms changing so rapidly, you can’t really set a 10-year plan or marketing strategy. You have to constantly evaluate where your audience is, how they are connecting with your brand, how they see your products and services, and always deliver value to them.

In my personal business coaching for the cannabis industry, we talk a lot about providing more than just products to you customers. We talk about providing an experience, an environment they can connect to with real lasting relationships so that, when they come into your dispensary, they understand the story behind your products. There’s something that makes them feel connected to you that is above and beyond just how great your products are.

Have you encountered any resistance personally or professionally because of your interest in running a business in the cannabis industry?

It’s funny because earlier we were talking about my parents and my upbringing. 10 years ago I wouldn’t have said, ‘Hey mom, I’m going to grow medical cannabis and serve this population of sick people,’ or ‘I’m a cannabis advocate’. I don’t know that I would have said that over thanksgiving dinner. But now that the industry is becoming more mainstream, we are all coming out of the basement. We are starting to talk to our parents, our college mentors or professors about what we are doing without meeting a lot of resistance. It’s becoming much more mainstream.

You mentioned content marketing in your eBook educational series. Can you talk about the different types of marketing that a business could look to take advantage of in this market?

Content marketing is super important because, unlike other distribution channels, you own your content. We encourage all of our clients to write a blog in order to set yourself apart from the competition. By doing so, you can prove that you’re not just a thought leader, but that you are an expert in you niche. If you’re a dispensary owner writing blog posts about how medical cannabis helps with certain ailments or how recreational tax dollars can benefit your community then you are going to establish credibility in your industry. People do business with people they know they can trust, and you build that trust by building credibility and positioning yourself as an authority.

If you’re not on Instagram you are missing out on a huge chunk of the pie.

If you use a free platform (like WordPress) for blogs then that platform owns that blog. However, if you pay a designer or developer to customize your website, then you own that content. This is really important, especially in social media marketing, which is everything in this industry. Instagram is everything. If you’re not on Instagram you are missing out on a huge chunk of the pie. Although, there is always a risk that social media websites could say they want nothing to do with the industry, and that would change everything.  Until that changes, if it ever does, social media continues to be a vital part of business development in this industry.

Email marketing is another great tool as it again goes back to owning your content. This type of marketing is fantastic because you can deliver value right to your prospect’s and customer’s inbox. You can connect with them, provide information that they might be looking for, and show them photos of your product or fun things going on within the business. You have a real opportunity for engagement, which is incredibly important right now because people want to be engaged with where they are spending their money. Email, social, and content marketing are the three main pillars, all working simultaneously together. Moving forward, we don’t know what we are going to do as far as advertising. We might not be allowed to do billboards, print ads, TV, or radio advertising. But right now, social media, email, and content marketing is a strategy that can work for the long term, regardless of how your community limits advertising in the future.

What does Alexa Divett do in her free time?

Alexa tries to sleep when she can. I do a lot of yoga, Pilates, and other exercises because that’s my sanity. I also have a million amazing friends all over the country, but mostly on the west coast. We all love live music, travel, and going to concerts. Being an Oregonian, I try to get outside as much as possible. I love hiking, going to the beach, swimming in the beautiful Oregon rivers, and hanging out with friends. Not a dull life out here in Oregon.

How do you think marketing and branding will impact the cannabis industry moving forward? What are some of the best brands that you have seen around the industry? Join the conversation and comment below!

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John Davis: Working Together to Build an Industry, Not Just a Business https://cashinbis.com/john-davis-northwest-patient-resource-center-working-together-to-build-an-industry-not-just-a-business/ https://cashinbis.com/john-davis-northwest-patient-resource-center-working-together-to-build-an-industry-not-just-a-business/#comments Tue, 30 Dec 2014 17:40:08 +0000 https://cashinbis.com/?p=2058 John Davis: Working Together to Build an Industry, Not Just a Business

John Davis: Northwest Patient Resource Center It was 1993 when he was able to get his hands on the document that opened his eyes to...

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John Davis: Working Together to Build an Industry, Not Just a Business

John Davis: Northwest Patient Resource Center

It was 1993 when he was able to get his hands on the document that opened his eyes to the truth of the senseless prohibition on cannabis. This is the day things changed for him; this is when his passion in life was determined; this is the day he came to awaken his activism and join the cannabis policy reform. And 17 years later, he’s still hard at work doing just that and plenty more. John Davis, founder of Northwest Patient Resource Center, is a maverick in his own regard, yet he does so intelligently and consciously and is bringing this industry out into the light. Every word of his is note-worthy, so we suggest you grab a pen.

What was the deciding factor for you to join this particular industry?

I have been a cannabis policy reform activist for many years. In my professional life, I achieved a high enough level in the “straight world” that my activism started to be viewed as a corporate liability. I realized I was going to have to make a choice between my activism and my career. Northwest Patient Resource Center is my solution to marry the two.

I realized I was going to have to make a choice between my activism and my career.

What were you doing before the green rush?

I was a professional project manager. I managed construction projects that were upwards of half a billion dollars and I have built hundreds of projects all over the United States. I was also actively engaged in cannabis policy reform efforts.

What are you doing to impact the industry?

On a local level, I am actively engaged with the City of Seattle in its cannabis licensing/zoning efforts. On a state level, I have assisted the various bureaucracies to figure out how to implement this notion of legalization and advocating for legislative fixes for the existing cannabis laws. On a national level, I have been working with Congress to provide us with banking and tax relief as well as lobbying for a de-scheduling of cannabis. On an international level, I am preparing for the 2016 Single Convention Treaty Summit.

Describe your work ethic to me in one word.

Exhausting.

Tell me about a time in your career that didn’t go as planned and what you did about that? How did you handle it?

In the early days of medical cannabis retail, people wanted to follow lawyers’ advice on how to do so without risk. Really, all a lawyer should tell you is that, even today, there is no way to deal in cannabis or the ancillary businesses that entirely complies with the law.

Due to this advice there were a lot of people in the industry, including people that I had partnered with, that did not want to create any evidence that could be used against them in a criminal court trial. This evidence included things like keeping books, inventory, and paying taxes. With people struggling to keep businesses running in an ad hoc fashion, it was very tough to get businesses to run like businesses. There were significant losses due to theft in this system which actually put us at a much greater risk because theft is diversion of our product and cash. Also, things like paying taxes are what the authorities actually care about and that actually put you and your business at risk. If you are a commercial enterprise then you are a commercial enterprise; you are not exempted from any laws of standard business because you work with cannabis. This was a policy foolish way to conduct business.

Eventually, I had to leave my first organization to find a new organization that flew in the face of the lawyer’s advice. This new business was based on meticulous record keeping and transparency. I took everything that I had learned in my policy work and in business along with all of my personal savings and founded Northwest Patient Resource Center.

Join the ranks: Are you a CEO, entrepreneur or someone in the cannabis industry who's making an impact? We'd like to hear your story!

What book have you read that you’ve been inspired by? Any particular read we should put on our list?

The Report of the National Commission on Marihuana and Drug Abuse: Marihuana: A Signal of Misunderstanding or The Shafer Commission Report was a pivotal document for me to finally obtain and read. These were the findings of Richard Nixon’s blue ribbon panel on marijuana. It shows the fact that we knew that the propaganda and hysteria was unfounded when we started the drug war. I first read of this in 1993 and it really galvanized my opposition to this senseless prohibition.

Of course, for many years, the 101 must-read for the movement has been The Emperor Wears No Clothes by Jack Herer. I would recommend that if you have not read it that you do so, now.

What’s the best advice you’ve ever gotten?

A wise lawyer once told me “Only break one law at a time.” Words to live by.

How would you advise someone who wants to join the industry?

My advice to those looking to break into the cannabis industry differs based on what role they are looking to play. As an investor/entrepreneur I would certainly tell them that it is difficult, complex and tough, to monetize this industry. I certainly would recommend that they study not only the industry, but the history of the cannabis prohibition, the reform movement, the 280e tax rulings and to sit down with a veteran of the industry and an accountant with cannabis experience. They really need to come in with an “eyes wide open” attitude if they are going to survive in the industry.

If someone is looking to be employed by the industry I would advise that they:

  1. Only work with reputable organizations that care about compliance,
  2. Educate themselves on cannabis and cannabis policy,
  3. Make sure that if they are paying for classes that are taught by an instructor has actual real-world experience,
  4. Get in now because 1 hour spent in the field now will be worth 5 hours next year.

What is a skill or trait that you think is necessary to make an impact in this industry?

The keys to making an impact in the industry are knowledge, a commitment to compliance, and the ability to work positively with others to help lay a foundation for the industry. Without a healthy industry, no business can expect to go far.

What is the most important thing for us to know now about the legal marijuana industry?

We have been given clear signals that the experiment of legalization will be allowed to proceed when the sensibilities of the August 29 Cole memo are minded. It is up to those of us in the industry to find a positive way to do this and to be in constant communication with stakeholders about what it is that we are doing. The industry’s greatest threat right now is for the players in the industry to be careless and reckless. If we are not thoughtful about how we promulgate this industry, it could be ended before it really begins. We cannot risk public perception turning against us.

The industry’s greatest threat right now is for the players in the industry to be careless and reckless.

If we are sitting across from each other a year from now, how will our conversation about the ‘green rush’ be going?

I think the outlook of the industry is strong. I think that we will still be discussing 280e and changes that are needed in various State laws. But I predict that there will be a significant movement in relaxing the prohibition of cannabis as a national policy. We will probably be talking about some gains that we have made through State legislative sessions and through citizens initiatives in bringing more states on-line with either medical or adult-use programs. We will definitely be talking about how some of the existing medical and adult-use programs have gone in terms of creating rules and licensing programs.

If we have done our job to keep public perception positive about how the industry has been progressing, we will be talking about the successes in a regulated model in reducing youth use, reducing youth availability to cannabis, reducing youth availability to other drugs, reducing binge use, reducing the black market, and the positive things that have come via the tax revenue that has been generated.

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