Advocacy Coalition Urges Cuomo And NY State To Uphold Cannabis Law Promises

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July 22, 2021

Advocacy Coalition Urges Cuomo And NY State To Uphold Cannabis Law Promises

New York Cannabis United is calling on both the Cuomo Administration and New York State Legislators to uphold the promises made in the new law by swiftly appointing leadership to the Cannabis Control Board.

By Imani A. Dawson

On March 31st, Governor Cuomo signed the Marihuana Regulation and Taxation (MRTA) into law, conceived as one of the nation’s most equitable. The law has the potential to create the country’s largest legal cannabis industry and mitigate the harms experienced by Black and brown communities in the process.

Three months later, legalization has stalled in New York. Elected officials have taken no clear and public steps to create the promised cannabis industry grounded in social justice, economic equity, and environmental renewal. Every day that goes by without the administrative structure in place to implement the MRTA harms New Yorkers. The lack of transparency around selection criteria and lack of action around proposing candidates undermines this historic victory.

How New York Just Became The Newest Global Destination For Cannabis Tourism — Photo by Joshua Earle via Unsplash

New York Cannabis United (NYCU), a coalition of New York cannabis advocacy organizations, businesses, farmers, aspiring entrepreneurs and people disproportionately impacted by cannabis prohibition, is calling on both the Cuomo Administration and New York State Legislators to uphold the promises made in the new law by swiftly appointing leadership to the Cannabis Control Board (CCB) and Office of Cannabis Management (OCM) leadership who represent the geographic and cultural diversity of New York state.

Read the full letter below.

Dear Governor Cuomo and New York Lawmakers:

We are a dedicated group of New York cannabis law reform and advocacy organizations, trade associations, businesses, farmers, aspiring entrepreneurs, concerned individuals, and people negatively impacted by the racially disparate application of cannabis laws and policies. We have come together to call upon every elected official in New York with control over implementation of legislation, from the Governor to the Senate and the Assembly, to reconvene and appoint appropriate leadership to the Cannabis Control Board and Office of Cannabis without further delay.

Governor Cuomo heralded the victory of NY’s new Cannabis Law, the Marihuana Regulation and Taxation Act, signed into law on 31 March 2021 stating: “This was one of my top priorities in this year’s State of the State agenda and I’m proud these comprehensive reforms address and balance the social equity, safety, and economic impacts of legal adult-use cannabis. I thank both the Leader and the Speaker, and the tireless advocacy of so many for helping make today’s historic day possible.” Truly, New York’s cannabis law holds the promise to uplift our state. In order for the new law to meet its vast potential and become the national model of creating an industry that puts communities, people, health, and environment above profits, we must have leadership in place that reflects these principles.

New York Gov. Cuomo Wants To Legalize Weed, But It Won't Be Easy — Here's Why — Photo by Scott Heins/Getty Images

Yet, despite Cuomo claiming this as a priority, legalization has already stalled. If this new law was a collaborative victory between the Administration and the Legislators, why is there such disagreement about who should be implementing these consensus based goals? It is time to stop talking about diversity, equity, and inclusivity and start taking bold action to manifest these principles. The will of the people should be reflected in the implementation of the new law. Appointees should represent the geographic and cultural diversity of our state, and represent the commitments codified in the law to social equity, economic inclusivity, small businesses, and redress for communities most harmed by prohibition drug policies.

Now is the time to bring the $350 million annual projected tax revenue and the 30,000 to 60,000 new jobs across the State to fruition. Failure to move forward with acceptable appointees undermines this victory and only encourages municipalities to opt out; discourages the conversion of legacy markets, allows out-of-state, unregulated, and often pesticide-laden cannabis to be sold in NY communities; delays redress to communities most harmed by the war on drugs; allows unregulated indoor grow to continue at a detriment to the environment; and compromises opportunities for aspiring farmers and small business owners.

Not until these key positions are appropriately created can we make progress towards a cannabis community that uplifts and prioritizes New Yorkers, our climate, our environment, our economy, and our health. We need political leadership to start from the premise that the needs of protecting NY farmers; developing small business opportunities; creating a level playing field for equity applicants; and providing New Yorkers a pathway to enter the market is more important than political gain.

It is now legal to consume cannabis in New York but still illegal for anyone except licensed medical cannabis companies to grow or sell it. Continuing to delay implementation will further disadvantage equity applicants and cause the industry to scramble to begin operations, and plant fields in time for next year’s growing season. This can be avoided. Reconvene now for a special session and uphold your stated commitments to NY voters. We call upon Governor Cuomo to work expeditiously with NY State Legislators to appoint a Cannabis Control Board and Office of Cannabis Management leadership that reflects the people of this state. Uphold your promise and uplift New York.

Sincerely,

● BudsFeed LLC

● Cannabis Education Advocacy Symposium & Expo (CEASE)

● Cannaclusive

● CannaCultural

● Cannasigliere, LLC

● Cannaware Society

● Community Board 9

● Chickweed farms

● Conscious Communications

● Empire State NORML

● Ganja War Veterans for Equity

● GHHS, LLC / Uplifting Health & Wellness

● Grass is Greener PR

● Harlem Farms

● Hemp Lab NYC

● Hempire State Growers

● Jason Green Consulting

● Legal Market Strategies

● Little Beach Harvest of Shinnecock Nation

● Mannada, LLC

● NY Small Farma

● NYC NORML

● NYU CannaPolicy

● Protest NYC

● Return to Rise, Heart Foundation

● The Mary Jane Consulting Group

● The Cannabis Community

● Toke Chiba LLC

● Western New York Norml

● Willow Kitson

● Women of Color in Cannabis

This article originally appeared on Benzinga and has been reposted with permission.

This Factor Significantly Improves Your COVID-19 Antibody Response

Maria Loreto

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July 22, 2021

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This Factor Significantly Improves Your COVID-19 Antibody Response

New research shows that this single factor can significantly improve people’s antibody response to COVID-19.

Pandemic fear is once again on the rise, this time due to the rapid spread of the COVID-19 Delta variant. While the guidelines haven’t changed — the main safety measure remains to get your vaccine shot — a lot of people are confused by the rise in numbers, especially since it’d started to feel like the pandemic was ending. New research suggests that one factor is pivotal in terms of determining how many antibodies you develop.

The study, published in the Journal of the American Medical Association, looked at the varying responses in people’s immune systems when exposed to the virus. It showed that younger individuals developed significantly more antibodies than older ones.

dating apps are not sponsoring frat houses — Photo by Westend61/Getty Images

Researchers analyzed 50 participants two weeks after they’d received their second shot of the Pzifer vaccine. The groups were split according to their ages and their blood was tested against the original coronavirus strain and the Gamma variant, first spotted in Brazil.

Participants who belonged to the youngest group, all in their 20s, had antibody responses that were seven times stronger than participants who belonged to the eldest group, in their 70s and 80s. The study showed that the more people aged, the weaker their immune response became. Still, vaccines remained very effective for older adults.

“The vaccine still produces strong immune responses compared with natural infection in most older individuals, even if they are lower than their younger counterparts,” said study co-author Marcel Curlin. “Vaccination in this group may make the difference between serious and mild disease, and likely reduces the chances of transmitting SARS-CoV-2 to another person.”

COVID-19 vaccines remain the safest way to carry on with our daily lives right now. With the Delta variant on the rise, even those who are vaccinated will have to weigh their risks against the activities that they want to do, taking up protective measures like face mask-wearing indoors when transmission levels in their communities are high or when having to cope with comorbidities.

A Guide To Marijuana For Older Adults

Sari Frances

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July 22, 2021

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Metabolism slows with age, so you may feel high for longer. It is also important to take current medications into consideration.

Baby Boomers, the generation born between 1946-1964, are circling back to marijuana. If this is you, you’re likely giving yourself permission to enjoy old and new ways of consuming cannabis, both recreationally and for the management of pain, anxiety and insomnia. But today’s cannabis products are undoubtedly more potent than the weaker “grass” you may have experimented with in their younger years.

Besides treading lightly to prevent potential anxiety, paranoia or physical instability, it’s advised you plan your cannabis experimentations when you’re free of other obligations and comfortable in your pleasantly prepared environment. Also, this may sound obvious, but it’s always recommended for those who’ve taken a long hiatus to avoid consuming too much their first time back in a crowded environment, such as a concert.

Photo by Darrin Harris Frisby/Drug Policy Alliance

Entering a dispensary in a legalized state can be like walking into a candy store. Find a high quality dispensary with a knowledgeable budtender, someone who speaks the new cannabis language, and can walk you through the wide assortment of choices and ways to consume the plant.

It helps to know what effects you are looking to experience, as well as ones you would like to avoid. “Indica” strains are often experienced as physically sedating, ideal for relaxing or before bed. “Sativa” strains tend to provide invigorating, uplifting cerebral effects that pair well with physical activity, social gatherings, and creative endeavors. “Hybrids” are a blend of both.

baby boomers now smoke as much weed as high schoolers — Photo by Hero Images/Getty Images

Flower refers to the actual green bud of the marijuana plant, which can be consumed in a pipe, bong or joint. Most dispensaries sell conveniently pre-rolled joints.
Vaporizers do not combust the cannabis, but rather use lower heat to create vapor from the flower before inhaled. Portable vaporizers, which come in all shapes and sizes, have become popular for their ease of use, portability and discrete nature.
Concentrate pens or vape pens have pre-loaded cannabis extract. They come in a many flavors and offer various experiential benefits.
Edibles are an alternative to smoking or vaping, and the varieties of goodies are endless. Be aware of dosage; you can always take more but you can’t take less. There are food-based treats as well as sublingual edibles such as juices, tinctures and lozenges.
Concentrates, which can be much stronger than flower, are best in small doses. Methods of consuming concentrates include dabbing or applying topicals, non-psychoactive lotions that provide beneficial cannabinoids.

Metabolism slows with age, so you may feel high for longer. It is also important to take current medications into consideration; Xanax or Valium can interact with marijuana to cause intense lethargy, and mixing with Prozac can cause irritability and restlessness.

Marijuana is contraindicated for those with heart conditions, so consult your doctor before you consume any cannabis products.

What Is Rockwool And Why Is It A New Buzzword In The Marijuana Industry?

Terry Hacienda

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July 22, 2021

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What Is Rockwool And Why Is It A New Buzzword In The Marijuana Industry?

Aside from the fact that it prevents the multiplication of pathogens, it also helps the seeds germinate, thus facilitating good drainage.

Rockwool is a fantastic method for growing marijuana. With Rockwool, you can have the strain you choose through the cannabis cycle as growers of all levels utilize different hydroponics for harvesting heavier yields. If you haven’t tried Rockwool, it is time to hop on the trend.

Rockwool uses the power of natural stone to produce an aerated and fluffy growing means for cannabis. It is a material that drains well and supports the development of the plant’s roots. This article will provide insight into why you should use Rockwool in hydroponics and soil systems and how it works at every stage of the growing cycle.

What is Rockwool?

Rockwool is a form of mineral wool, a material used as acoustic insulation in constructing hospitals, stadiums, and homes. The product was created by Danish founders who aimed to develop stone wool in Germany, Scandinavia, and New Jersey. For over a century, the company has made an effective product.

Aside from being an important building material, Rockwool also aids the growth of millions of cannabis plants. The substance in Rockwool brings many benefits to the cannabis grower: it doesn’t contain organic material making it immune to decomposition from fungi and molds.

Rockwool doesn’t contain heavy metals; these are metals that contain chromium and lead, which are toxic to plants. These heavy metals also make the plant have yellow leaves because it prevents photosynthesis and kills the plants.

Why Rockwool is utilized to grow cannabis

Rockwool provides numerous benefits for a cannabis grower. Aside from the fact that it prevents the multiplication of pathogens, it also helps the seeds germinate, thus facilitating good drainage.

Its cubes are sterile and inorganic which means it arrives at the grower’s place clean and ready to use. It also doesn’t protect the root of your plants against damage from microbes. Although Rockwool takes a longer time to break down, growers can shred used blocks to matter and throw them into the compost pile finely. Over time, the basalt rock in Rockwool will leach into the compost, providing an added nutritional benefit to your soil. Hydroponic cannabis growing is called “dro weed”.

Weed Workers WIll Outnumber Computer Programs By Year's End — Photo by Cavan Images/Getty Images

The Rockwool cubes get saturated with water when you soak them, and it drains away quickly. Every cube has small spaces between the fibers, which effectively drains water. But don’t overwater the cubes because excess water may suffocate the roots and negatively affect plant growth.

Rockwool cubes offer a haven for your cannabis seeds during germination. When you keep the plants sufficiently saturated, they will give you the critical things needed for productive germination. These key things include moisture, warmth, and darkness.

With Rockwool, it is easier to transplant your cannabis seedlings when they are ready or in a new home. You wouldn’t have to struggle with moving the seedling directly into the pot full of soil or in a hydroponic net pot. Unlike other transplanting processes, you wouldn’t need to break the initial growing medium, thus minimizing any mess.

How can you use Rockwool to improve your cannabis?

So now that you know a lot about Rockwool cubes, including their benefits, how can you use them? Before putting the seeds into the cubes, you should adjust the cubes’ pH to have less alkaline. This move will allow you to infuse nutrients into the cubes, thus giving your seedlings a better start at life.

Here is an easy step by step approach:

You will need the following;

pH tester
Organic nutrients
pH-down product
Rhizobacter (this is optional)
Mycorrhizal fungi

The directions for use:

Fill a shallow bowl with water and test its pH, then add your pH down product until the meter displays an acidic 5.5 reading.
Soak the blocs into the solution and allow them to stay that way for 24 hours. After a bit of a while, the alkalinity of the blocks will increase its pH then return to the blocks every few hours.
After 24 hours, fill another bowl with up to 1 liter of water and add your organic nutrient solution to the bowl. Then soak the blocks for another two hours.
At this stage, your blocks have the proper pH full of nutrients and the right fungi that will help the roots thrive in the future.

The Rockwool will make germination easier as all you have to do is start cutting from the mother plant and then nourish the cutout plant by dipping it into rooting gel.

Place the clones into cubes by inserting the stem into the hole until it gets to the bottom of the block. Provide water, light, and humidity for the plant and get ready for the vegetative and flowering stage.

The best tips for utilizing Rockwool

To get the best out of Rockwool, remember these tips:

Don’t squeeze the cubes like a sponge

Some growers squeeze the cubes like a sponge to get rid of excess water, which is wrong. The cubes will drain on their own without you squeezing them. Squeezing them causes a lot of damage to the cube and the plant’s root system. Remember that at the seedling stage, the cannabis plant is still very fragile.

Give them room to grow

The Rockwool material allows water to drain and air to easily flow, so don’t lose this advantage by overcrowding your planting trays.

Don’t overwater it during the seedling stage

Rockwool drains quickly, and many growers get the impression that they may be underwater, but that cube is moist and lovely. When you water it well enough, you wouldn’t have to do more so the plant doesn’t die from excessive watering.

Bottom Line

Alright, so you can see that Rockwool cubes provide cannabis growers with loads of benefits. From the aeration of plants to pathogen prevention, you will be amazed at all Rockwool can do for you.

To enjoy the benefits of Rockwool cubes, start with a compost pile. You will create your supply of soil and keep the used cubes away from the landfill site, which is a win-win for the environment and your cannabis plant.

Finally, The First Marijuana Delivery App Is Launched Via Apple Store

Maria Loreto

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July 21, 2021

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Finally, The First Marijuana Delivery App Is Launched Via Apple Store

Recently, Apple updated its policies and is allowing cannabis delivery apps to operate, marking a big win for legal weed.

One of the quickest ways in which marijuana can be accepted and embraced by all types of people is for products to be easily accessible. After several false starts, the cannabis delivery app Eaze is launching on the Apple Store. It’s a game-changer for the industry.

App stores and social media have a bad record with marijuana, censoring posts and creating hurdles for businesses that want to launch their services and reach a variety of people. Following a recent policy change, Apple now allows marijuana businesses to operate in its store, marking a significant step forward for the cannabis industry as a whole.

Massachusetts Allows For Legal Marijuana Delivery But Only With Bodycams — Photo by Brett Jordan via Unsplash

According to an Eaze press release, this marks a “major milestone for the legal cannabis market and consumers. The Eaze app allows customers to complete all aspects of delivery seamlessly: registration, ID verification, product selection, payment, and receipt to the doorstep.”

Eaze is one of the biggest cannabis delivery services in the US. In the past, users have had to navigate the site’s website in order to order their deliveries. While the site was convenient and the best available in terms of online cannabis delivery, an app makes everything easier and convenient for all sorts of users.

“It’s hard to overstate how important this is to our company and the industry. It’s deeply gratifying to launch the Apple Store’s first fully-functional cannabis delivery app, making it even easier for our two million registered customers to legally consume,” said Eaze’s CEO Rogelio Cho.

Apple's Decision To Allow Select Cannabis Brands On App Store Signals Incremental Acceptance Of Emerging Legal Market — Photo by Blue Planet Studio / Getty Images

While not all is won in terms of tech and cannabis — Google still has a ban on cannabis products and apps — this relaxed policy from Apple paves the way for other tech companies to follow suit.

The Eaze app features on-demand delivery, order tracking, and payment options, making it easy for customers to get their orders. It also allows them to pay via cash, credit, or debit card, a marked difference from dispensary’s all-cash policies.

Eaze currently delivers across California, with a planned extension to Michigan later this month.

Dab Day Is A Dud — Here’s Why

Debra Borchardt

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July 21, 2021

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It feels like a made-up holiday and that lack of authenticity doesn’t sit well with cannabis consumers.

July 10 or Dab Day is turning into a dud day. It’s also called “oil” day and the idea is that 710 upside down spells oil. It’s supposed to be a day that celebrates vaping and consuming oil or concentrate cannabis products. No one is sure where or how the holiday got started or how it went from Oil Day to Dab Day. Still, dispensaries and brands have been game to throw a Dab Day party, but the consumers seem less than impressed.

Headset Sees Decrease

Headset provided Green Market Report with data from this year’s 710 sales and cannabis sales actually decreased. Concentrate sales did increase and were the only category to do so. All data for the US is from CA, CO, NV, OR, PA, and WA and all data for Canada is from AB, BC, and SK.

Are Stoners Ditching Joints For Dabs And Vapes? — Photo by OlegMalyshev/Getty Images

Total Sales Growth

On Dab Day 2021 (7/10/21) total US cannabis sales decreased by -10.4% over an average of the previous four Saturdays. Canadian cannabis markets also saw a decrease in sales of -2.6% over the same time frame.

Category Sales Growth

In the U.S., concentrates sales increased by 24.1% and were the only category that enjoyed positive growth. “Vapor pens, which we’ve seen also get a little lift from ‘Dab Day’ in the past, decreased in sales by – 13.5%. Unlike the US, ‘Dab Day’ was not as successful in Canada; Concentrate sales decreased by -5.1%. Vapor Pens also didn’t see a lift during Dab Day within Canada, with a sales decrease of -2.0%.”

Concentrate Segment Growth

In the US on Dab Day 2021, Rosin products had the strongest growth, increasing in sales by 213% over the previous four Saturdays. Crystalline / THCA / CBDA (+75.3%) was the next most successful segment.

Dab Day Discounts

There was certainly a concerted effort to get consumers on board with celebrating. Dispensaries and brands were running promotions like crazy. According to Headset, “Dab Day was a fantastic day for American Concentrate fans to stock up on products this year. In the US the average discount on Concentrates grew by a whopping 52%, rising from 14.6% during the previous four weeks to 22.3% on 7/10/2021.

Eaze Data Confirms Dud Day

Cannabis delivery company Eaze data also confirmed that sales fell this July 10 versus last year’s July 10. Considering the country was mostly in lockdowns at this time last year, that’s a real rejection of the Dab Day party.

Dud Day

There are many reasons why Dab Day just isn’t resonating with consumers.

First, it falls too soon after the Fourth of July. Cannabis sales for the fourth are typically pretty high and consumers likely have no need to make more purchases. Headset reported that this year on the 4th of July, total cannabis sales in California, Colorado, Nevada, Oregon, Pennsylvania, and Washington increased by +8% during 7/1- 7/4 compared to the previous four weeks.

NIST And FDA May Be the Cannabis Quality Assurance Heroes We Need — Photo by Carol Yepes/Getty Images

“Pennsylvania and California markets saw the largest increase with +12% growth, while Nevada’s market shrank -5.4% over the holiday weekend. All cannabis categories grew in sales compared to the previous four weeks, and Tinctures were the most successful cannabis products with +23.6% growth. Edibles (+16.4%) and Beverages (+14.5%) also saw significant growth. Within the Edibles category, the ‘Cookies’ segment performed particularly well with +19.4% sales growth.”

By referring to it as Dab Day versus Oil Day, the vape category tends to get cut out of the picture. That would explain why concentrate sales got a boost, but vape sales fell.

It feels like a made-up holiday and that lack of authenticity doesn’t sit well with cannabis consumers.

CBD Vaping – What’s the Difference Between CBD E-Liquid And CBD Oil? — Photo by Elsa Donald via Unsplash

Cannabis marketing firm Wick & Mortar’s CEO Jared Mirsky said, “Honestly I think the entire idea behind 710, which is oil flipped upside down, is kinda ridiculous and only makes the industry look unprofessional. We have to be more clever than this moving forward if we are going to make larger strides towards destigmatizing cannabis for everyone else who has yet to become a brand’s loyal consumer. Don’t get me wrong, I am a heavy consumer and take dabs daily, but not for one second do I take 7/10 seriously as I believe many others don’t either and only comes off now as a sales tactic.”

In Closing

It’s unlikely that 710 will fade away. The industry is built on the back of partying and any excuse to consume is a good one. Still, the hoopla could end up dying down as dispensaries and brands learn that it isn’t paying off. Maybe Mirsky is right, the industry could get more creative, and if it wants to create a special holiday akin to 420, it should pick a date further from an established holiday.

How To Get A Bank Loan For Cannabis Real Estate Before SAFE Banking Passes

Cannabusiness

Benzinga Staff Writer

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July 21, 2021

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How To Get A Bank Loan For Cannabis Real Estate Before SAFE Banking Passes

With the right connections, qualified cannabis businesses can obtain much lower rates and longer terms than what the cannabis industry has experienced in the past borrowing from private lending sources.

By Scott Jordan

There are several factors at play that are contributing to the low-rate lending environment for cannabis businesses. Since March 2021, with the new administration in place in the U.S., rates have come down for some cannabis real estate borrowers as the more aggressive banks, credit unions and life insurance companies are getting involved quietly in the industry with the excess liquidity from PPP and EIDL loans and other circumstances surrounding the pandemic.

Banks are seizing the opportunity to receive additional yield for their portfolios and realizing risks of federal seizure (which I have not seen one happen where the cannabis company is following all state guidelines) have been minimized in the minds of the lending institutions or are able to be mitigated with structuring the transaction as one that is between a landlord (with different ownership) than the state-licensed marijuana company.

Many lenders that I have spoken with want to be in the market prior to the anticipation of the SAFE Banking Act passing, which as of the date of this article, has passed the House. Banks, credit unions, and life insurance companies are also interested in increasing their loan portfolios’ average yield and cannabis represents a marketplace for accomplishing that.

When you combine all of those factors and the fact that the actual risk is much lower than the perceived risk, we are seeing more banks willing to quietly and discreetly lend to cannabis companies. You likely won’t see them advertising or being public with this type of lending, but with the right connections, qualified cannabis businesses can obtain much lower rates and longer terms than what the cannabis industry has experienced in the past borrowing from private lending sources.

So who is getting these bank rates?

The larger cannabis companies that are showing positive EBITDA or profits are the main recipients on the low-rate loans. Why? It’s never just one factor, but generally speaking, it will come down to the value of the property and borrower profile. Most cannabis businesses are receiving these rates on traditional warehouses and retail centers in urban areas. For instance, in California, Hollywood is lendable, but Adelanto is not. Banks do not want a foreclosure that will take them a long time to sell and don’t want to have to consider managing a cannabis warehouse.

Why The Cannabis Industry Is Perfect For Socially Responsible Investors — Photo by Ivan-balvan/Getty Images

Another critical factor to consider is that most banks will look at normal commercial value versus cannabis value. Even though cannabis owners have to spend a lot of money upgrading facilities, on specialized equipment and power upgrades that a normal business would not need, when a bank underwrites the loan and considers the risk of repossessing and foreclosing on the property, they are looking to sell it as quickly as possible and therefore will give you the lower of the commercial value versus the cannabis value.

Also, if you’re looking for a cap rate valuation, many times the rents are increased to shift profitability over to a real estate company and banks will only use the normal commercial rent to figure out what the value is using a cap rate analysis to determine the value. One other factor to keep in mind is that when a cannabis business forecloses on a warehouse, many of the small rooms that have been created for the typical cannabis grow will have to be torn down and so the foreclosure process is actually more expensive for a bank when they’re repossessing cannabis real estate.

In keeping with the conservative nature of banks, most will be looking at somewhere between 50 to 65% loan to value. They are also going to be looking for a personal guarantee(s) on the loan in order to secure these lower rates. A personal guarantee is not always required, but they will almost always ask. The only time I have seen this as an exception is for a public company.

Why Investors Are Taking A Closer Look At Cannabis Real Estate Nationwide — Photo by Kindel Media from Pexels

In general, banks would also like to have your deposit business as well because they are seeking a “relationship” not just a transaction and want to have the opportunity to provide additional products and services. Loan sizes generally range from $1 to $15 million at a 50 to 65% loan to commercial value and a five- to 10-year fixed rate. Those are typically amortized over 20 years for rates that start at 5.5% and go up to 7.5% annualized interest rate with a three- to five-year prepayment penalty.

The following are three tips for securing the lowest rates available:

Be realistic in your valuation and look at other commercial properties and comparable rents and values versus cannabis values.
Have up to date financials available, including P+L and rent roll if it is multiple tenants, as well as copies of the lease(s) available
Be legally banking and in compliance with all state laws as the bank will perform substantial due diligence before issuing a loan

It is critical to do your due diligence on the current rate environment, what’s needed to apply for the loan, and who to consider working with. Also, understand that it’s not the property type that determines the loan amount, but the bank’s underwriting criteria and guidelines and the borrower’s financials. Using a source who knows the state and banks within it is key to securing the lowest rates available and arranging the right loan before rates head higher.

Author Bio: Scott Jordan is known as The Marijuana Money man and has been helping cannabis business owners obtain debt capital to grow their businesses since 2009. He is a frequent speaker at industry events and has completed over $70 million in loans for cannabis companies. You can reach Scott at sjordan@altfinnet.com or 720-546-6574.

This article originally appeared on Benzinga and has been reposted with permission.

Will Hemp Be The Next Cash Crop For Farmers And States?

Opinion

Terry Hacienda

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July 21, 2021

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Will Hemp Be The Next Cash Crop For Farmers And States?

The world is moving towards eliminating synthetics and going back to using biodegradable materials.

The global industrial hemp market is expected to grow at a compound annual growth rate of 34% from 2019 to 2026. In addition, industrial hemp is an agricultural plant that uses all the byproducts of the plant such as seeds and twigs in the production of hemp seed, hemp fiber, and other eco-friendly products pushing it to the top of sustainability products. So, will hemp the next cash crop for farmers and states?

July 20 marked the beginning of Hemp History Week, the largest educational campaign about hemp in the United States, with July being National Hemp Month. The hemp and CBD industry has evolved at a rapid pace since 2014, from a niche curiosity facing constant threats of punitive regulatory crackdowns to a mainstream lifestyle movement fueled by enormous innovation and mounting consumer adoption.

Are High-CBD Hemp Flowers The Next Big Thing In Cannabis? — Photo by BATCH by Wisconsin Hemp Scientific via Unsplash

CBD is now a $2+ Billion industry and is sold on Amazon and in Target, Walmart, CVS, Walgreens, and other mainstream retailers. Hemp History Week is meant to raise awareness about the environmental sustainability, health benefits, regenerative agriculture potential, and new technological applications of industrial hemp.

Following the passing of the Farm Bill in December 2018, legalizing the cultivation and sale of hemp products, CBD stole the spotlight as the main use-case for hemp. Surprisingly, only 3% of hemp is made into CBD; 98% is used in building materials, biofuels, bio textiles, bioplastics and more.

From synthetic blood proteins to clothing, building materials and more, hemp offers another world of alternatives. ECS Brands, a provider of unique whole-plant extracts has found a way to extract hemp protein in such a way that is much more affordable than other hemp protein brands. ECS Brands helps hundreds of brands, manufacturers and processors enhance their product development. Their hope is the plant-based alt-meat universe, which in part depends upon protein solutions, will turn to their affordable hemp protein, rather than pea and soy proteins, which now dominate.

4 cbd questions researchers should answer — Photo by Tinnakorn Jorruang/Getty Images

“We believe that hemp can solve some of the most complex and pressing challenges we face today, and as an industry we’ve just begun to scratch the surface of the potential of this plant,” said Arthur Jaffee, founder and CEO of ECS Brands. “While we’ve seen the industry evolve at a rapid pace, there is a huge deficit for innovation around hemp research and development, and we’re working to fill it by exploring all the unique applications for hemp plant extracts. From alt-meat protein to even weight loss supplements, we’re conducting new research that backs hemp as the leading ingredient for healthier lifestyles.”

There is no doubt that replacing meat or plastic with plant-based options is key for dealing with climate change and the health of life on our planet, but that only scratches the surface of hemp’s capabilities for replacing various textiles and accelerating a circular economy. Unlike synthetic textiles, which are the source of 35% of microplastic pollution, hemp textiles are biodegradable, breathable, durable, and antimicrobial.

The Effects Of Smoking Low-THC, High-CBD Cannabis — Photo by OpenClipart-Vectors via Pixabay

“Hemp is an environmentally superior material because it is essentially a carbon sink, plus almost every part of the plant can be used to make a range of different industrial materials including bioplastics, bio textiles, building materials and paper from its fibers,” said Hebah Saddique, Founder of Green Takeover, an educational platform simplifying the complex worlds of climate action and industrial hemp, and demonstrating why together, they are the real power couple of sustainability.

As construction material, hemp shows great promise. Hempcrete, for example has a range of desirable thermal, structural, and moisture-handling properties that make for an excellent insulation. Depending on the mix variables, hempcrete can be used as roof, wall and/or slab insulation.

Today industrial hemp can be made into more than 12,000 items we use every day including clothing, shoes, insulation, paper and more.

Whether green or circular economy, the world is moving towards eliminating synthetics and going back to using biodegradable materials. What does this mean? moment it seems Will hemp be the next cash crop for farmers and states, it seems to be on the right track.

5 Things To Do If You Get COVID-19 While Traveling

Maria Loreto

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July 21, 2021

0

5 Things To Do If You Get COVID-19 While Traveling

A COVID-19 positive test result is stressful under any circumstance. While alone and abroad, it’s really not great. Here are some things you should do if you get COVID while traveling.

COVID-19 cases are on the rise in different parts of the world. While countries have been slowly reopening their borders, over the past weeks the Delta variant has been steadily infecting more and more people. Even though the ones that are at most risk are unvaccinated, there’s also been more and more cases of breakthrough COVID-19.

Traveling is safer than it was a year ago, but it remains a complicated activity depending on the place you’re visiting and whether you’ve been vaccinated or not. The odds of getting COVID-19 on a trip are unlikely and very unlucky. Still, it could happen.

Here are 5 things you should do if you get COVID-19 while traveling:

Reschedule your flight

Missed Your Flight? Here's What You Can Do — Photo by Joyce Romero via Unsplash

Getting COVID on your trip means that you’ll have to spend some extra time there. The best way to avoid any extra fees is to reschedule your return as soon as possible. Based on your COVID positive test, account for the amount of time you’ll be ill.

You should also book accommodations that allow you to isolate yourself comfortably. Make sure that the place you’re staying has a kitchen and other options for food nearby. A pharmacy or convenience store is also ideal.

Write down everything

your phon is listening to you just not the way you think — Photo by NordWood Themes via Unsplash

Monitor your symptoms and whether they’re improving or worsening. Be sure to visit a doctor if your symptoms start getting worse with time. You should also keep track of the times and dates you were tested, how long these tests are valid in your home country, the people you came in contact with, and your expenses.

Order what you need

5 Tips That'll Help You Save Money On Groceries — Photo by rawpixel.com

Make a list of the things you’ll need, from medicines to your favorite snacks when you’re feeling sick. Since you can’t shop in person, be thorough on your list. Remember to add vitamins and Pedialyte to keep yourself hydrated. Be sure to have a thermometer handy, so you can monitor your symptoms.

Tell someone you trust

Pandemic Pods Aren't Automatically Safe — Here Are Some Facts To Consider — Photo by Ben Collins via Unsplash

Testing positive for COVID-19 is stressful under normal circumstances, much more when alone and abroad. While you should be careful with this sensitive information, you should still tell people you trust in order to make you feel safer and better. Be clear with your feelings and don’t be afraid to ask for support

Take care of yourself

The Best Weed TV Shows You Should Watch — Photo by Erik Mclean via Unsplash

While being sick and self-isolated in a new place isn’t anyone’s ideal vacation, you should still put some effort into making the most of it. Watch your favorite TV show or a movie you’d been looking forward to or buy some flowers and decorate the place you’re staying at.

Top 10 Jobs In The Cannabis Industry Right Now

Terry Hacienda

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July 20, 2021

0

Top 10 Jobs In The Cannabis Industry Right Now

If you are keen on jumpstarting your career in this industry, these top jobs are great suggestions on how and where to start.

Ten years ago, if you had a pot brownie, you would have had to close your curtains and lit an incense to mask the scent of cannabis. You could have even been arrested for marijuana possession. But today, you can boldly write “cannabis expert” on your social media page without fear.

Marijuana laws are also rapidly changing across America as more states are legalizing weed. The cannabis industry is now a multi-million dollar industry, and wherever you find money in any sector, that industry is bound to create jobs for people.

Increased Demand For Top Talent As Cannabis Industry Salaries Continue To Surge — Photo by Darren415/Getty Images

The marijuana industry has provided jobs and numerous well-paying positions for people who are passionate about it. As the industry grows, so do the job opportunities, and if you are interested in thriving in this sector, you will want to know the best-paying jobs in the industry.

Here is a list of some of the highest paying and most fulfilling jobs in the cannabis industry:

Chief Financial Officer (CFO)

This is a highly skilled position with the individual required to drive the cannabis company’s financial planning, implement investment strategies, and evaluate its cash flow. The CFO also manages other financial aspects of the company and is seen as one of the top officials of any company. The cannabis CFO earns an annual salary of $260,000-$330,000.

Manufacturing Director of Operations

Cannabis companies are all about operations and production. The manufacturing director ensures all production runs smoothly and meets the company’s target as this will impact sales. Since it is an executive position, you will need long-standing experience in manufacturing, facility management, and inventory control with an in-depth knowledge of cannabis industry practices. Salary range is $130,000-$177,500.

Director of Cultivation

The director of cultivation is the master grower at the core of the company: without the cultivation of cannabis plants, there will be no company. He needs to have a background in horticulture and experience managing a greenhouse. The smaller the operation, the lesser the pay for a master grower and director of cultivation. But large scale operations offer larger pay, and this is the best way to go. Salary is at $128,000-$189,000.

What Can Marijuana Strain Names Tell You About A Product? — Photo by Kindel Media from Pexels

Chief Scientific Officer (CSO)

This role is an executive one, and he is saddled with the responsibility of overseeing all the research, science, and tech operations at the company. The CSO should have a master’s degree or a Ph.D. with extensive experience in the cannabis industry. He is also expected to train and supervise laboratory staff while keeping the company updated on industry insights. Salary range is $150,000-$225,000.

Agronomist

The agronomist is an expert grower who is also a soil expert. He should know how to cultivate and genetically change marijuana plants for new strains. Agronomists are also called crop doctors or “Weed doctors” in this case. They are responsible for improving the crop yield and its durability. You need a solid knowledge base of chemistry, earth science, biology, and other related fields. According to recent research, the agronomist got a 7% salary increase from 2019-2020, which was $80,500-$86,750.

Cannabis Dispensary Manager

All pot shops need retail managers, the dispensary manager trains, hires, and fires employees. She also manages an inventory of products, interacts with customers, and implements company policies. It is her responsibility to ensure that everything goes well within the dispensary. You will need some experience in retail management, particularly in the cannabis industry. Salary range is $75,000-$85,000.

Vermont Kills Bill To Tax And Regulate Recreational Marijuana — Photo by Heath Korvola/Getty Images

Tissue Culture Manager

This is the individual in charge of other tissue culture techs and overseeing all parts of the micropropagation process. He documents proper practices and provides direction for the micropropagation team. You will need some experience in tissue culture management and supervisory experience as well. Salary range is $73-400-$77,450.

Compliance Manager

A crucial aspect of cannabis production is ensuring that everything is done according to the law and local and federal regulations. The compliance manager keeps all team members up to date on regulatory issues and ensures that everything is done right. You will need in-depth knowledge of cannabis regulations ad all compliance-related experience. The salary range is $71,000-$110,500.

Microbiologist

The cannabis microbiologist in a marijuana company analyzes samples and evaluates data. He also interprets his findings to the company’s management and other team members. You will need a bachelor’s degree in microbiology or a related science field to qualify. Salary ranges from $66,000-$80,500.

Best States For Medical Marijuana Dispensaries — Photo by CasarsaGuru/Getty Images

Extraction Lab Managers

This is a position best suited for a large-scale cannabis company. The position entails supervising other people working in the lab and ensuring that their day-to-day lab operations are in sync with its goals. You will require a bachelor’s degree in chemistry, engineering, or other related courses and experience working as a lab manager. You need to be familiar with the cannabis extraction process and all its compliance laws. The salary range is $65,000-$80,000.

Territory Sales Manager

The territory sales manager works with prospective business clients, trains sales employees, and reports sales-related data. His responsibility is to travel to the dispensaries and retail locations, figure out the highly sought-after products, and facilitate events that will boost sales. The sales manager must know a lot about the industry and other competing enterprises. Earnings are at $65,000-$75,000.

Bottom Line

The cannabis industry is here for the long haul, and it will continue to grow by leaps and bounds. If you are keen on jumpstarting your career in this industry, these top jobs are great suggestions on how and where to start.

Don’t worry about starting from the bottom; so many people earning the six figures you see today started from the base many years ago. They started when it wasn’t “cool” to be in the industry, and today they are at the top.

As the world moves towards fully embracing cannabis through state legalization, you have a sure career pathway that is fulfilling and financially rewarding.

*Please note: these are just a few of the best jobs in the cannabis industry as there are many more positions set up in different marijuana companies.

The Fresh ToastThe most trusted name in cannabis

New York Cannabis United is calling on both the Cuomo Administration and New York State Legislators to uphold the promises made in the new law by swiftly appointing leadership to the Cannabis Control Board.

New research shows that this single factor can significantly improve people’s antibody response to COVID-19.

Metabolism slows with age, so you may feel high for longer. It is also important to take current medications into consideration.

Aside from the fact that it prevents the multiplication of pathogens, it also helps the seeds germinate, thus facilitating good drainage.

What is Rockwool?

Why Rockwool is utilized to grow cannabis

How can you use Rockwool to improve your cannabis?

The best tips for utilizing Rockwool

Give them room to grow

Don’t overwater it during the seedling stage

Bottom Line

Recently, Apple updated its policies and is allowing cannabis delivery apps to operate, marking a big win for legal weed.

It feels like a made-up holiday and that lack of authenticity doesn’t sit well with cannabis consumers.

Headset Sees Decrease

Total Sales Growth

Category Sales Growth

Concentrate Segment Growth

Dab Day Discounts

Eaze Data Confirms Dud Day

Dud Day

In Closing

With the right connections, qualified cannabis businesses can obtain much lower rates and longer terms than what the cannabis industry has experienced in the past borrowing from private lending sources.

So who is getting these bank rates?

The following are three tips for securing the lowest rates available:

The world is moving towards eliminating synthetics and going back to using biodegradable materials.

A COVID-19 positive test result is stressful under any circumstance. While alone and abroad, it’s really not great. Here are some things you should do if you get COVID while traveling.

Reschedule your flight

Write down everything

Order what you need

Tell someone you trust

Take care of yourself

If you are keen on jumpstarting your career in this industry, these top jobs are great suggestions on how and where to start.

Chief Financial Officer (CFO)

Manufacturing Director of Operations

Director of Cultivation

Chief Scientific Officer (CSO)

Agronomist

Cannabis Dispensary Manager

Tissue Culture Manager

Compliance Manager

Microbiologist

Extraction Lab Managers

Territory Sales Manager

Bottom Line

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