WOMEN IN CANNABIS

Good piece from Civilized. We always thought that the constant “look how great we are for the little women” approach of the sector just  tried to mask the standard sexism currently prevalent in American society and especially in business.

Personally our first target would be the slew of “cannabis” print magazines who publish advertising images that wouldn’t be out of place in a 1972 edition of Playboy.

Title: Pioneering women in cannabis industry losing ground, author says

Author: The Cannabist

Date:  24 November 2017

URL: http://www.thecannabist.co/2017/11/24/ashley-picillo-breaking-grass-ceiling-women-cannabis-industry/93245/

Extract:   But a troubling new trend is on the rise; one that appears to show how the cannabis industry’s most pioneering women are being pushed aside as the market matures.

Ashley Picillo is the author of “Breaking the Grass Ceiling.” (Courtesy of Ashley Picillo)
recent survey found that the share of start-ups owned by women is on the decline. While women made up 36 percent of executives in cannabis-related companies two years ago, that figure shrank to 27 percent this year.

It’s a distressing pattern that Ashley Picillo first noticed when she set out to write her book, “Breaking The Grass Ceiling.”

 

FINANCE

First Ever U.S. Traded Marijuana Fund Comes to The NYSE

 

Title: California Weed Entrepreneurs Will Make $5.2B In 2018 With Almost No Banks To Put It In

Author: Forbes

Date: 26 November 2017

URL:  https://www.forbes.com/sites/julieweed/2017/11/26/california-weed-entrepreneurs-will-make-5-2b-in-2018-with-almost-no-banks-to-put-it-in/#6a54fd194e52

Extract:  California cannabis entrepreneurs will earn $5.2B in revenue in 2018 as recreational use becomes legal there. The state of California will collect about one billion dollars in accompanying marijuana taxes. These numbers, estimated by Matt Karnes, industry analyst and managing partner of New York’s GreenWave Advisors, point to the giant need for banking and financial services in the nascent legal cannabis industry. These services however are generally not available says Karnes, and are federally illegal. Some glimmers of change though, are on the horizon.

Banking is severely limited for cannabis industry businesses. As a “schedule one” substance, cannabis is categorized to be as harmful as heroin and banks risk losing their federal charter if they work with cannabis companies. Financial institutions need to go on record with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCen) when they establish a relationship with a known Marijuana Related Business, and Karnes estimates that just 5% of all banks have done that. He believes that fewer than 1% of all banks in the United States are currently working with cannabis related companies.

BLOCKCHAIN

Title: How Blockchain Technology Can Revolutionize the Cannabis Industry

Author: Civilized

Date: 25 November 2017

URL: https://www.civilized.life/articles/how-blockchain-technology-can-revolutionize-the-cannabis-industry/

Extract:  The astronomical growth of the cannabis industry has allowed people to further understand the nature of this industry, allowing them to explore different avenues of this specified market. Blockchain technology is currently dominating the market due to its profound applications. For instance, Paragon, a startup based on blockchain technology, strongly believes that this industry can overcome all of the short-comings by focusing on the mechanics of the industry. This is exactly how blockchain has regulated its market as they focused on the inner workings of the industry and used this information to create a comprehensive system. Paragon claims that by using blockchain the cannabis industry can enjoy total market dominance and it will also help take the whole industry to a different level.

 

ALASKA

Title:  There’s something fishy with Alaska’s marijuana potency testing results

Author: The Cannabist

Date: 24 November 2017

URL: http://www.thecannabist.co/2017/11/24/alaska-marijuana-testing/93126/

Extract: ANCHORAGE, Alaska — A committee will look at issues regarding the testing of cannabis products amid inconsistency in potency results from different labs, Alaska’s top marijuana regulator said.

Erika McConnell, director of the Alcohol and Marijuana Control Office, told Anchorage television station KTVA she didn’t know how long that process would take.

McConnell, at a recent Marijuana Control Board meeting, recommended a review of testing regulations, citing, among other reasons, evidence of “significant deviation” in potency-testing results of the same product by different labs.