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Cannabis Reports Recaps the Oakland NCIA Business Summit and Expo

The National Cannabis Industry Association is one of the most anticipated event series in the cannabis space. Nearly one hundred and fifty NCIA member organizations set up booths in Oakland, California to display their products and services to the community.

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While there are many reasons for business owners to attend the NCIA Cannabis Business Summit and Exposition, the opportunity for networking is hard to match. Alison Ettel, founder of TreatWell, said the positive environment helps people “connect with cannabis professionals from around the country, old friends and new.”

Types of Organizations Tabling the NCIA Expo Floor

Types of Organizations Tabling the NCIA Expo Floor

Thousands of actors from the cannabis industry walk the expo floor to build relationships with other organizations in the space. Connectivity and togetherness were both prevalent themes at the Oakland NCIA Summit, as the future of the cannabis industry requires a community that is willing to stand together.

The Cannabis Reports team wants to give thanks to all of the wonderful organizations that participated in the NCIA Business Summit and Expo this past June. Our media team has posted photos to the Cannabis Reports Flickr account.

Industry Trends and Presentations

Cannabis is emerging from the shadows of federal prohibition. This is undeniable when you see the caliber of professionalism on display at the NCIA Business Summit. Still, there is work to be done if the future cannabis industry is open to everyone.

Most authorities agree legal cannabis is just over the horizon, and much of the industry is preparing for a major shift in both regulations and social stigma. NCIA members got to enjoy several panels discussing the ways the cannabis industry needs to bridge standards of science, safety, and technology.

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Ahmed Rahim, CEO and Chief Alchemist of Numi Organic Tea, encouraged the industry to apply focus to sustainability and fair trade practices that support local communities. Cannabis has helped so many people over the years that a successful industry must remember the importance of those people and celebrate humanist values.

California’s Lieutenant Governor Gavin Newsom gave a keynote presentation that stressed responsibility for regulators and industry actors to communicate efficiently, and to learn from other states that have implemented legalization of recreational cannabis.

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Newsom reminded those in attendance that the Blue Ribbon Commission he fronted last year concluded that youth exposure, environmental protections, and educational programs will be necessary for California if we want to set an international standard for future cannabis economies.

Mr. Newsom also expressed the importance of flexible legislation designed to be respectful of the opposition’s concerns without restricting an open and fair market.

Newsom also touched on traceability, which many panel presenters focused on during their time behind the microphone. Jeannette Ward of MJ Freeway and Roy Bingham of BDS Analytics both provided a lot of insight into how businesses can leverage market data to make real-time decisions about their pricing and product development.

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Cody Bass and Steve DeAngelo have both established successful cannabis retail operations in the state of California. In their joint presentation, both founders discussed the notion of “patients-first,” and noted that this mantra, if taken to heart, is capable of defeating those that oppose cannabis based on irrational fears.

Over the last two decades, cannabis pioneers had to learn a different kind of politics to be able to communicate with regulators and law enforcement. DeAngelo highlighted the ways the industry has been successful in approaching policymakers with respect and flexibility.

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In front of a packed conference room, Dr. Sue Sisley and Dr. Martin Lee did a fantastic job of laying out the medical applications of cannabis and how they relate to the science of the endocannabinoid system. Dr. Sisley, along with MAPS, was recently given the green light to pursue a triple-blind clinical study of cannabis on veterans with PTSD, marking a progressive win for cannabis research.

Zen Potion

While there were only a handful of cannabis product brands with booths on the NCIA expo floor, everyone did a great job displaying their innovative creations. One of these brands, Zen Potion, showed off their line of gourmet teas that are designed to please all walks of the cannabis community.

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Product diversity is important for brands that want to serve larger portions of the retail market, and Zen Potion offers several teas with different concentrations of THC and CBD so that anyone can be comfortable consuming their beverages.

Kiva Confections

Kiva is one of the most well-known brands in the cannabis edibles space, and their booth on the NCIA expo floor definitely lived up to our expectations. Building a brand means establishing a company narrative that reflects the quality and care put into the product.

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Kiva does a wonderful job of not just creating delicious chocolates, but introducing these products in an aesthetically-pelasing space that draws consumers to the brand.

Legion of Bloom

The Legion of Bloom is a group of friends that have decades of experience with cannabis. Their story highlights the importance of sticking together to build a bigger industry for everyone. Legion of Bloom supplies the community with quality medicine, but they don’t stop there.

Many brands have established unique products that rely on Legion of Bloom flowers. The team behind Legion of Bloom is a great example of businesses supporting the industry: “We are all colleagues, not competitors.”

Canna Clear

Canna Clear is a relatively new company, but their vision intends to stand the test of time. Canna Clear opened up shop last year in an effort to provide the community with oils that were not diluted, and that focused on lab testing and transparency to ensure consumer trust.

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Reports of tainted products hurt the entire cannabis industry, and Canna Clear hopes to be a leader when it comes to educating patients on true measurements of quality.

Medicine Box

Medicine Box makes some undeniably delicious edibles. They also know how to turn an expo booth into an experience. The Cannabis Reports team loves to support emerging brands, and Medicine Box has an incredibly positive mission for both their own products and the cannabis community as a whole.

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The Medicine Box team is incredibly passionate when it comes to cannabis activism, especially in regards to California cultivation regulations. Keep an eye out for our upcoming interview featuring Medicine Box and their goals for the future of cannabis.

Lola Lola

The brand Lola Lola, founded by Michael Garganese, is “reimagining alchemy.” One look at the Lola Lola website is all you need to see that this new company is applying great emphasis to packaging and presentation that support the high quality of their flowers and concentrates.

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The Lola Lola booth supplied the NICA expo floor with a taste of “Lolalandia,” an ode to free expression and a “higher state of consciousness.” Lola Lola also hopes to improve the retail experience by providing dispensaries with display cases that communicate the artistry of the products and packaging.

Gold Drop

The team at Gold Drop seems nearly unstoppable. After hosting a multi-booth experience at the High Times Cannabis Cup the weekend before, the Gold Drop crew tabled at NCIA, catering to the many retailers that would love the chance to carry Gold Drop products on their shelves.

Releaf App

The Cannabis Reports team was thrilled to meet the other organizations representing software technology through the NCIA platform. Releaf is one such company that is building tools to help patients better understand their relationships with cannabis.

Individuals feel different effects and flavor profiles when consuming cannabis, and the future of commercial cannabis will depend largely on applications like Releaf, that bring comfort and comprehension to the varieties of cannabis.

Tradiv: B2B Wholesale Technology

Another inspiring technology organization on display at the NCIA Summit was Tradiv, a business-to-business wholesale platform attempting to cover the complexity of state-specific licensing, compliance checks, and normalized product distinctions.

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Any one of these features is a lot to handle, so it is incredibly impressive that a technology platform is combining so much into such a user-friendly space for business operators.

iCann

Combining hardware and software into a cohesive product is difficult to do in any industry. iCann has set out to supply cannabis cultivators with these combination tools for improved efficiency.

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The interactive booth at iCann showed off both the hardware sensors as well as the intelligent-learing software that is capable of giving instructional insights to growers working with unfamiliar strains.

Bookstore and Author Signings

One of our favorite booths at the NCIA expo was the cannabis bookstore, where expert authors engaged with the community and signed copies of their work. Education in the cannabis space deserves to be highlighted as much as possible, and the authors contributing their knowledge through cannabis literature get a special shout-out from the Cannabis Reports team.

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Check out their books below:

Once again, the Cannabis Reports team wants to give thanks to all of the wonderful organizations that participated in the NCIA Business Summit and Expo this past June. Our media team has posted photos to the Cannabis Reports Flickr account. All photos are licensed under Creative Commons stipulations, and are available for public use.

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For the most up to date info on Cannabis Reports, follow us on Twitter, and like us on our Facebook page.

Another Week in the World of Cannabis: June 17th, 2016

Cannabis is emerging from the shadows of prohibition. Every week, there are advancements in many fields related to cannabis. Cannabis Reports will be re-capping the weekly events of the cannabis community and industry, so that you can stay up-to-date on the latest developments.

Senate Appropriations Committee

This past Thursday, the Senate Appropriations Committee passed an amendment 16-14 that would keep federal agencies from using funds to punish financial institutions that accept cannabis business deposits. ChDvzDRW0AEl1cE The approval of this measure means that the Senate floor will now discuss cannabis banking for the next Appropriations Act for Fiscal Year 2017. Banking has been one of the most prohibitive aspects of the shift toward legitimate cannabis. Financial institutions risk losing their federal accreditation if they work with businesses that operate in the cannabis industry. o4ckhz-b88668945z.120160320095634000gcsff1cr.10 This is because cannabis is still classified by the DEA as being a Schedule I drug, with a high potential for abuse and absolutely no known medical benefit. Cannabis Reports lists 628 studies that pertain to 138 conditions, all of which point to the opposite.

Colorado Bans Appealing Gummies

House Bill 1436 was signed by Colorado Governor John Hickenlooper, outlawing cannabis-infused edibles that may be appealing to children. Specifically, the law prohibits edibles that “resemble the form of a human, animal, or fruit.”

These types of restrictions could effect many manufacturers who have built brands based on these types of treats. Policymakers have argued that cannabis edibles in playful forms are more likely to be mistaken by children for a regular treat.

Proposed Colorado Edible Cannabis Warning (source)

Proposed Colorado Edible Cannabis Warning (source)

The law goes into effect this July 1st, and Colorado has also instituted a regulation to mark all cannabis edibles with a distinct mark that intends to dissuade children from accidental ingestion.

Microsoft Enters Industry

Microsoft has entered the cannabis industry by partnering with Kind Financial, whose software Agrisoft is meant to rival other “seed-to-sale” traceability softwares. KIND-Launches-Government-Division-with-Microsoft-Corp-061616-center-top-1024x512 The New York Times quoted Kimberly Nelson, executive director of state and local government solutions at Microsoft, as saying: “As the industry is regulated, there will be more transactions, and we believe there will be more sophisticated requirements and tools down the road.” 160616145740-kind-david-dinenberg-540x304 Compliance has been a major issue for cannabis regulators as the industry finds its legitimacy. Many softwares, such as Metrc, MJ Freeway, and BioTrackTHC, have signed contracts with states in which commercial cannabis sales for medical or recreational use have been permitted.

Baltimore Ravens Drop Eugene Monroe

The Baltimore Ravens have dropped offensive tackle Eugene Monroe under dubious circumstances. Earlier this year, Monroe donated a substantial amount to cannabis research, and publicly supported cannabis as an alternative to the opioid epidemic that plagues veteran NFL players. AP_827866436534 John Harbaugh, coach of the Baltimore Ravens, has claimed that the team’s motive to distance themselves from Monroe is purely a “football move.”

Harbaugh, perhaps acting as a conduit for the Ravens’ notoriously dramatic front office, pointed to the recent draft of tackle Ronnie Stanley and also noted that Monroe has had problems with injuries as of late. On the other hand, Harbaugh said he believes Monroe is a fantastic player who will have no problem finding a home on a different NFL team. So why then did the Ravens so hastily drop Monroe? The decision to trade was announced earlier this week, with a firm cut deadline of Thursday. John-Harbaugh-Ray-Rice-February The New York Giants are reported as saying (very pointedly) that their organization does not judge players on personal opinions. Many experts are wondering if NFL commissioner Roger Goodell applied pressure on the Baltimore Ravens due to the league’s stifling stance on cannabis.

University of MO says no to MJ T-shirt

NORML’s campus chapter at the University of Missouri at Columbia is arguing that their first amendment rights have been violated after they were denied the ability to sell T-shirts featuring a cannabis leaf.

Mizzou's Censorship Supposedly Stems from the Use of the School's Trademark (source)

Mizzou’s Censorship Supposedly Stems from the Use of the School’s Trademark (source)

The MU chapter for the National Organization for the Reform of Marijuana Laws was intending to sell the T-shirts in an attempt to raise money. They even put in effort to seek permission from their school’s administration, but only received a rejection letter in response, which they intend to review.

Hunters, conservationists sue CA

Mendocino County is being taken to court by the Mendocino County Blacktail Association for permitting increased cannabis cultivation without properly conducting research on the environmental impacts. The Blacktail Association paints themselves as wildlife conservationists intent on preserving the rich environmental culture of Mendocino County. See the photos from their website below: Screen Shot 2016-06-17 at 9.19.27 AM Screen Shot 2016-06-17 at 9.19.07 AM The lawsuit is a result of an urgency ordinance that allows permitted cultivators up to 99 plants per parcel, rather than the 25 plant limit that still exists for non-permitted cultivators. According to the The Press Democrat, a local news source for Mendocino county: “The county adopted interim rules because a permanent ordinance had been delayed by the admitted need for an environmental impact report.” IMG_2031 So basically the county is being sued for implementing an interim ordinance as they conduct a study on the environmental ramifications of increased cultivation.

Upcoming Cannabis Events

cannabis_world_congress_and_business_expo1_360_360 Cannabis World Congress and Business Expo – (New York, NY: June 15-17) The 2nd Annual Cannabis World Congress and Business Expo is the leading forum for doing business in one of the fastest growing industries in the United States. If you’re employed in the cannabis industry, a current business owner, interested in starting a cannabis business, provide private equity & investment resources, or provide professional or business services, this is an event you can’t afford to miss. 1464549677977 High Times Cannabis Cup – (San Francisco, CA: June 18-19) HIGH TIMES is returning to the Cow Palace on June 18 – 19 for the 2016 NorCal Medical Cannabis Cup. This is the 7th Annual HIGH TIMES Medical Cannabis Cup in the Bay Area, the longest running of all HIGH TIMES U.S. Cups. HIGH TIMES Editors will be conducting seminars with leading experts of local and national fame and visiting VIPs in the newly expanded VIP lounge. Over 400+ vendors will be on hand to educate and entertain an already record crowd. CBSExpo_2016-1 NCIA’s Cannabis Business Summit – Oakland, CA: June 20-22) Make Your Voice Heard: The ONLY event where you will have an opportunity to meet with national policy makers and influencers as they converge with the leading trade association shaping the cannabis economy. Network with 3,000 of your peers – including growers, dispensaries and infused makers product manufacturers. 15% off tickets by using code: “REPORTS15” Your exposure to the highest concentration of legitimate buyers and sellers in America’s fastest growing industry, all in one place. Gain knowledge in 30+ sessions with over 75 speakers to bring you up to speed on the rapid changes of your industry. new_g__header THC Fair – (Fairbanks, AK : June 25) You’ll find hemp and cannabis products, accessories and tools, grow and harvest equipment and more in our amazing expo hall. Then, take in some great sessions on growing, medicinal benefits, prop 91 and more! https-_2f_2fcdn.evbuc.com_2fimages_2f20226505_2f83343844451_2f1_2foriginal Cannabis Charity Open – (Denver, CO: June 26) Premium Pete’s Cannabis and High Rollers dispensary are partnering with The Hemp Connoisseur Magazine to host the Cannabis Charity Open benefiting the Denver Colorado AIDS Project (DCAP). As part of an industry born by the will of the voters, it is important to give back to the community. By sponsoring the charitable golf tournament in Denver, they hope to help those affected by HIV/AIDS to live healthier, more comfortable lives.

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For the most up to date info on Cannabis Reports, follow us on Twitter, and like us on our Facebook page. If you see that we overlooked an event this past week in cannabis, please join the discussion in the comment section below, or through our social media links.

Senate Appropriations Committee Approves Amendment Protecting Banks that Serve Cannabis Businesses

On Thursday, June 16th, the Senate Appropriations Committee approved an amendment that prohibits federal funds from being used to prosecute banks that host accounts for cannabis businesses. This is a major step forward for a legitimate cannabis industry.

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The measure was narrowly approved by a 16-14 vote, which was swayed by three Republican senators affirming the decision. The amendment is attached to the Appropriations Act for Fiscal Year 2017, which heads to the Senate floor for review. The purpose of the amendment is to resolve dangerous issues that have plagued the cash-only cannabis industry.

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Financial institutions have been apprehensive about accepting cannabis business deposits as current policy continues to threaten banks with the loss of federal accreditation. The language approved by the Senate Appropriations Committee states:

“None of the funds made available in this Act may be used, with respect to a State or jurisdiction where marijuana is legal, to prohibit or penalize a financial institution solely because the institution provides financial services to an entity that is a manufacturer, producer, or a person that participates in any business or organized activity that:

  1. involves handling marijuana or marijuana products; and
  2. engages in such activity pursuant to and compliant with a law established by a State or a unit of local government.”

Banking has long been a prohibitive factor for businesses trying to operate in a safe and compliant manner. Even in states where cannabis has been recreationally legal for a number of years, businesses still do not have safe banking options, leaving them susceptible to robberies and other run-ins with organized crime.

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In 2014, the Justice Department and the Financial Crimes Enforcement Network (FinCEN) released a joint statement that said law enforcement authorities would no longer prioritize penalizing financial institutions that work with cannabis companies.

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The majority of financial institutions were not impressed with these loose promises of protections, and are waiting until their are firm federal standards in place that allow them to operate in full compliance.

Cannabis Reports supports this measure as vital progress for the industry and community. For the most up to date info on Cannabis Reports, follow us on Twitter, and like us on our Facebook page.

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