cannabis Archives - Green Market Report

Kaitlin DomangueJune 10, 2021
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4min7030

Terra Tech Corp. (OTCQX:TRTC) announced their plan to acquire SilverStreak Solutions Inc. The two companies have executed an agreement for the acquisition to take place. The close is expected to occur within 90 to 120 days. After the close, SilverStreak’s CEO, Sterling Harlan, is expected to consult with the company for a period of six months. 

SilverStreak Solutions is a cannabis delivery service serving California areas like Sacramento, Yuba City, Citrus Heights, Roseville, Elk Grove, Stockton, and others. SilverStreak Solutions has 22 company vehicles and about 42,000 monthly customers. As one of the first direct-to-consumer cannabis companies in their area, SilverStreak is experienced in this space and a good move for Terra Tech. 

Terra Tech’s acquisition 

“We are delighted to continue our expansion with the addition of this high-quality and well-run delivery service,” said Frank Knuettel II, CEO of Terra Tech Corp. “We believe the synergies with Unrivaled’s existing brand portfolio and distribution operation makes enormous economic and operational sense. In addition, we expect to expand SilverStreak’s base of operations utilizing our existing assets in Northern and Southern California, with the intent to develop a statewide delivery operation giving us access to millions of California consumers.”

“This is the next step in our rebuilding initiative, and with our anticipated monetization of our Hydrofarm, we expect to expand our base of operations in the near future. I would like to thank Sterling and his team for the work they have done in building SilverStreak and being the next building block in our effort towards becoming the premier West Coast and Southwest operator of cannabis assets,” Knuettel II continued. 

Terra Tech is a vertically integrated cannabis company with operations in California and Nevada. Terra Tech operates two dispensaries and a cultivation facility in California, with two additional cultivation facilities and a dispensary under development. The company operates in Nevada by way of joint ventures, operating a manufacturing and cultivation facility. 

Terra Tech sold property for $2.6 million 

Terra Tech recently sold a Nevada property on N. 4th Street, as local zoning changes prevent any cannabis activity in the area. The company sold the building for $2.6 million, improving their balance sheet by approximately $900,000, even after paying off $1.6 million in mortgages and other related sale costs. 

“Since taking over as CEO a few short months ago, we have continued to review our operations, divest unproductive assets and drive appropriate cost reductions. The successful sale of our N. 4th Street property is another positive step towards doing just that,” Knuettel said. 

“With the sale, we have now added approximately $900K to our balance sheet and alleviated numerous costs associated with its ownership, allowing us to focus our attention on working to position the company for what we believe is a very opportunistic future, including the upcoming anticipated closing of the transaction to acquire Unrivaled. This mutually beneficial transaction is expected to lead to immediate scale, driven by strong brands and revenue growth.”


Kaitlin DomangueMay 28, 2021
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4min14200

Memorial Day Weekend is host to hundreds of thousands of retail sales every single year. Around this time of year, you can’t turn on the tv, radio, open Facebook, or your email without some Memorial Day advertisements broadcasted your way. The cannabis industry is no different. The holiday weekend is a historically high sales day for the cannabis space. But according to BDSA, Memorial Day Weekend in 2021 will be unlike previous years and surpass year-over-year growth seen in 2020. 

Friday is the star of cannabis sales over Memorial Day Weekend

BDSA’s newly-released report about cannabis sales over the three day weekend predicts Fridays to be the best sales day between the Thursday, Friday, and Saturday before Memorial Day. Previously, the Friday before Memorial Day Weekend has been the highest cannabis sales day throughout the month of May, with inhalable consumption methods driving the holiday mania. 

This is likely because of the outdoor-type gatherings Memorial Day Weekend brings. Everyone is outside, lighting the BBQ grill, and apparently: smoking a lot of weed. BDSA says 50% of people consume for “daytime fun”, which is right in line with the festivities leading up to Memorial Day. 

Colorado to make up 25% of sales on Thursday and Sunday

Thursday and Saturday still draw a crowd, however. The report says Thursday, Friday, and Saturday will be blockbuster sales day in the cannabis industry and 25% of the growth seen on Friday and Saturday will be thanks to transactions in Colorado. 

According to cannabis enterprise software company Akerna’s flash report, Memorial Day Weekend will gross approximately $238,000,000 in recreational and medical marijuana sales over the four day period, Friday to Memorial Day on Monday. According to the report, consumers under the age of 40 will be driving 61% of cannabis sales. 

Like the BDSA report, Akerna predicts Friday to be the highest sales day of the weekend, grossing $85,000,000. If sales reach this number, it’s up 55% from average sales on the Friday before Memorial Day. 

Cannabis beverages are hot for summer

Many predicted cannabis beverages to surge in popularity in 2021. Edibles are already taking the industry by storm. Cannabis data analytics company, Headset, recently reported edibles grew by 60% across seven legal markets in the United States. This includes market share, according to Headset data analyst Cooper Ashley, who said they increased from 10.65% in 2019 to 11.07% of the market share in 2020. 

It’s possible cannabis beverages could be the product of the summer, filling backyard coolers and poolside drinks all summer long. We’ll find out after Memorial Day Weekend is over! 


Kaitlin DomangueMay 27, 2021
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6min6830

Full name: Fabian Monaco

 

Title: Chief Executive Officer

 

Company: Gage Growth Corp. (CSE: GAGE) 

 

Years at current company: I have been with Gage for over 3 years, since the Company’s inception.

Education profile: 

The University of Western Ontario – Richard Ivey School of Business

M.B.A.

2010 – 2011

 

The University of Western Ontario – Faculty of Law

J.D., Corporate & Securities Law

2008 – 2011

 

York University – Schulich School of Business

B.B.A. (Hons.)

2003 – 2007

 

Most successful professional accomplishment before cannabis:

I have a vast investment banking and legal background with over 10 years of capital markets experience, however, my most successful professional accomplishment truly lives within the cannabis space. I was fortunate enough to become a key member of the investment banking team at GMP Securities LP (“GMP”) in Canada, which ultimately contributed to the development of the cannabis industry in its early days. While at GMP, I worked on a number of industry-firsts including the first acquisition (Tweed, now Canopy Growth, acquiring Bedrocan), one of the first initial public offerings (MedReleaf) and the first $100 million financing round in the space (Canopy Growth).

 

Following GMP, I transitioned to XIB, who co-founded Canopy Rivers with Canopy Growth, an investment and acquisition firm that has underwritten a number of equity financings, ultimately supporting the industry’s ability to grow. One of the companies Canopy Rivers invested in is TerrAscend, which is now an over $4 billion market cap company.

 

Company mission: 

Gage Growth Corp.’s mission lies in providing premium cannabis to market, positively shaping cannabis culture and nurturing the community. By committing to these core values, we believe we are primed for success and rapid economic growth.

 

Company’s most successful achievement: 

We are proud of the successful build-out of our assets and our brand in a relatively short period of time, and with very limited capital. I believe this tells you two things: 

(1) We have the right people with the right expertise. You cannot build a strong cannabis brand, with expansive cultivation facilities and retail footprints, in a competitive market if you don’t have the proper team in place.

(2) We are an extremely prudent capital allocator. We raised a little less than $60 million before our Reg A+ financing in the fall of 2020, and with that we were able to create a dominant brand, three cultivation facilities and numerous retail dispensaries. This contrasts wildly when you look at some other US companies that raised $300-400 million just to build their core infrastructure.

 

Has the company raised any capital:

Yes

 

If so, how much:

To date, the Company has raised US$110+ million including our recently closed Reg A+ offering which raised a full US$50 million.

 

Any plans on raising capital in the future:

We have a very healthy balance sheet at the moment. Post our Reg A+ offering, we have ~US$40 million cash on hand. I’d also like to highlight the fact that the Company has very minimal debt. So with the cash we have on hand, we are fully funded for all our operational and expansion plans in Michigan.

 

Most important company 5 year goal:

Gage’s most important goal is to build the most dominant brand in Michigan first, and then follow by expanding into other states. We believe Michigan will be a top five cannabis market in the US, and we’d like to capture a significant market share and then replicate the same success in other markets.


StaffMay 22, 2021
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5min9290

Kristin Jordan an Advocate, Cannabis Real Estate Attorney and Entrepreneur says “Representation Matters In Cannabis”

Lifelong New Yorker Kristin Jordan is a very rare find in the cannabis community— a mix of advocate, conscientious businesswoman, lawyer and empath. She can draft policy, make a profit, partner with law firms and be keenly aware of others, their pain points, and the support they need. Jordan has lived in Albany, Poughkeepsie, Yonkers and Manhattan. She is a true New Yorker who has experienced life in urban, rural and suburban communities. With 23 years of practicing law and deep roots in the communities across the state, Jordan has been doing it with expertise and drive added with the energy and determination to get things done in her state. 

Along with co-founders she helped launch the education and advocacy non-profit Cannabis Cultural Association (CCA), which focuses on preparing marginalized and underrepresented communities on the business of cannabis. Jordan launched the Asian Cannabis Roundtable (ACR) a few years ago seeing the lack of community and connectivity among Asians within the cannabis industry. As founder and Executive Director, Jordan developed the ACR as a professional networking group that goes beyond the superficial meet-and-greet. “There were so few of us at the table. We needed a place to support each other,” remembers Jordan. “At the beginning, it was an informal group that met for Korean BBQ and we would just sit around and educate each other.” Today, the group is 100+ strong and, most recently, their first public virtual event was attended by allies and supporters as well. 

To further enhance the cannabis industry professional networking circuit, Jordan launched Mannada, which means ‘to meet or gather’ and comes from her birth culture, Korea. It is a nod to her Asian roots and serves as a reminder to the Asian community that they are seen. She also chose the name for a practical reason. “I chose a non-cannabis name because I was fearful about having our bank account closed…again. That had happened to me in the past when I had a hemp consulting company.”

Understanding both the advocacy and business aspect to the industry, Jordan developed a series of conferences centered on industry education which she and her team produced, the Cannabis Law Summit, the Cannabis Media Summit, and more recently the Cannabis Real Estate Summit all drawing people from across the state and country. 

Never one to settle, Jordan expanded her platform to align business and advocacy by launching The Maze, a free weekly go-to event guide listing industry events that both communities of people can support and stay informed. 

Jordan is the former Director of Real Estate at Acreage Holdings where she managed the real estate portfolio in a highly regulated industry with an ever-changing dynamic regulatory process, down to the municipal level, she has also worked at leading law firms representing the cannabis industry. Speaking with Jordan re-tell her professional career, it is easy to notice that she is an expert in putting feedback into action, and she anticipates the cannabis community’s needs. “Sometimes even before the industry realizes it,” she says. “I want to create intentional spaces that provide a high level of education for the cannabis industry so this state can flourish.” And, build an industry that leads the country and leaves a strong legacy.

 


Kaitlin DomangueMay 18, 2021
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6min16940

Brightfield Releases New CBD Report

Cannabis and CBD consumer data analytics company, The Brightfield Group, is announcing the release of their newest report analyzing the CBD market in 2020 and laying out their predictions for 2021. Some key information from the report includes: 

  • U.S. hemp-derived CBD sales are expected to reach $5.3 in 2021, up 15% from 2020’s $4.6 billion
  • By 2026, American CBD sales will reach $16 billion, driven by accelerated growth of ingestible products
  • Drinks and gummies are expected to be the fastest growing product types in 2021, with 71% and 44% value growth, respectively
  • Tinctures will retain the highest share of the market in 2021, holding 18% of retail sales
  • Online sales will surpass $2 billion in 2021, accounting for 38% of the total American CBD market

The report also highlights the coronavirus pandemic’s impact on the American CBD market, the FDA’s stance on regulating CBD in 2021, and various other pieces of information about the rapidly expanding market. The Brightfield Group predicts the hemp-derived CBD market will grow at a compound annual growth rate (CAGR) of 25% from 2021 to 2026, with growth driven by: 

  • New consumers 
  • Expanding retail into new channels
  • A regulatory framework from the FDA, accelerating the growth rate of ingestibles
  • New players to bring innovation to the market

Price and Potency Changes

According to aggregate data from Hemp Benchmarks, the Brightfield Group’s report says the aggregate assessed price for hemp CBD biomass declined by a whopping 82% from April 2019 to May 2020, taking the price from $38 a pound to just $7 per pound. 

While the coronavirus pandemic surely played a part in this, you have to wonder if the newly-established American CBD industry in 2019 played a role in the price per pound during that time. It was a hot market, performing beautifully and faster than anticipated, thanks to the federal government removing hemp from the Schedule I Substances list in 2018. The hemp space in 2019 is a tough year to compete with, and throw a global pandemic on top just one year later: you might see some lower hemp prices than average. 

  • 30 ML tinctures saw, on average, a 33% potency increase, going from 450 to 600 milligrams of CBD. The price dropped from $25 to $20. 
  • 120 ML tinctures saw, on average, a 33% potency increase, going from 1800 to 2400 milligrams of CBD. The price dropped from $70 to $60. 

Innovation 

In typical cannabis industry fashion, the CBD market is ahead of innovation and constantly thinking of new ways to keep customers satisfied. However, CBD brands are going beyond wacky flavors and new designs: the companies are focusing on functional ingredients that will make a difference for the consumer. 

Immunity is a huge focus for the CBD space in 2021, and 2020 saw the same thing. Ingredients like elderberry, echinacea, Vitamin C, and zinc are popular choices for consumers. Minor cannabinoids like CBG and CBN are still hot for 2021, tapping into the entourage effect full-spectrum cannabis products provide us. 

Top CBD Companies in Q4 

In terms of market share, here were the leading CBD companies during the last quarter of 2020: 

  1. Charlotte’s Web (3.6%)
  2. Medterra (1.7%)
  3. cbdMD (1.6%)
  4. CBDfx (1.5%)
  5. CBDistillery (1.2%)

The report listed 20 CBD companies, others include: CBD American Shaman, Bluebird Botanicals, Garden of Life, Ananda Hemp, and Martha Stewart CBD. 

Distribution Channels

Online CBD sales are expected to reach $2.02 billion in 2021, accounting for 38% of the total market. This is down slightly from 42% in 2020, but it’s a good sign that things might be returning to the beginning of normalcy as people return to in-person retail shopping. Curbside and contactless options are still available in many places, which might contribute to this number. E-commerce will dominate the distribution market in 2021, with pharmacy following behind it, then CBD speciality retailers, natural food stores, pet stores, and more.


Julie AitchesonMay 14, 2021
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4min22142

Job growth for the United States in April 2021 might not have quite matched expectations with a disappointing increase of 266,000 jobs and an unemployment rate rise for the first time since 2020, but executive search and staffing firm Cannabiz Team’s latest Cannabis Industry Salary Guide for Q2 2021 tells a different story for the cannabis market. With 320,000 full-time cannabis jobs in the U.S., the cannabis industry ranks as the fastest-growing industry in America. As cannabis legalization spreads, projections have cannabis hitting $35 billion dollars in sales and providing 500,000 full-time jobs by 2024. Cannabiz’s report covers the rising demand for skilled staff, how this is driving compensation, and how big-name MSO’s are starting to scout outside of the industry for top-dollar talent.

At present, adult-use cannabis is legal in 17 states and D.C. and medical marijuana is legal in 36, with Connecticut, Minnesota, and Hawaii poised to follow suit. This not only means heightened demand for products, more growing operations, and production facilities coming online, and more business owners applying for licenses, but more jobs all around. Cannabiz’s Q2 jobs guide highlights where the “hot jobs” are in this expanding market, including those within supply chain management, large-scale cultivation, product and brand development, finance and accounting, administrative infrastructure, and retail. Cannabis salaries are up across the board in these sectors and others, with double-digit increases for experienced managers and C-suite executives. The report attributes these increases to competition and a shortage of employees with specialized cannabis experience or transferable skills. 

New recruits from outside the industry are coming from all corners of the U.S. economy, most significantly from the food and beverage, pharmaceutical, agricultural, medical supply, CPG, technology, and retail industries. John Deere, Proctor and Gamble (NYSE: PG), and Tesla are among the country’s largest companies from which multi-state cannabis operations are sourcing recruits. 

Unsurprisingly, California comes in first in the number of total cannabis jobs at 58,000, with Colorado and Florida nearly tied for second with 35K and 31K total cannabis jobs respectively. Oklahoma and Pennsylvania hover at the bottom of the “Top Cannabis Jobs” list by state with 17K and 16K respectively. 

With a cannabis company’s Chief Financial Officer’s earning potential placed at a high of over $400,00 a year according to Cannabiz data, it’s easy to see where those double digit increases fall, especially since jobs at the public-facing retail end, say for a budtender, top out at a high of around $40,000 a year. Lower-paying jobs did see a salary increase as well, though only in the single digits- a gap that stands to narrow as legalization, investment, and expansion maintains momentum for the cannabis industry.

 


StaffApril 20, 2021
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4min12490

Gia Morón is the Founder & CEO GVM Communications, Inc a public relations, brand strategy and business development firm. She launched the company on April 20, 2012. The firm’s client base ranges from small to midsize firms to successful entrepreneurs. Ranked in Forbes in 2019 as one of the leading PR firms in cannabis, Gia and her team work closely with lobbying firms, policymakers, MSO to small operators. Her diverse team of professionals collectly have over 3 decades of experience.

In addition to GVM Communications, Gia is also the President of Women Grow, the largest professional network for women in the cannabis industry. At the company, Gia oversees the company’s day-to-day operations, internal and external communications, education programming, and strategic partnerships.

With over 25 years of experience in communications, prior to launching her firm and Women Grow, Gia was a Media Relations Officer in the Corporate Communications department for fifteen years at the investment banking firm Goldman Sachs Group Inc. Before joining Goldman Sachs, she was Director of Promotions and Publicity for six years at The Fremantle Corporation, an international television distribution and production company. Outside of her professional accomplishments, she continuously works with a number of non-profit organizations and mentors up-and-coming young women entrepreneurs across the country. She is a board member for Minorities for Medical Marijuana, advisory board member for CWCBE, and Coalition Member for Start-SMART NY. Gia currently resides in her hometown of Brooklyn, NY, with her daughter.

GMR Executive Spotlight Interview Q & A:

Full birth name: Gia Morón

Title: Founder & CEO

Company: GVM Communications, Inc

Years at current company: 9

 

Most successful professional accomplishment before cannabis: Instead of successful I would like to say most helpful professional experience before cannabis was working on Wall Street. The knowledge and experience I gained during my time there prepared me for the cannabis industry. But to directly answer the question, launching this company was my most successful accompaniment. I did it by myself. Self funded. No financial assistance from anyone. While GVM reflects the initials in my name, the company name actually stands for Great Visions and Minds Communicating.

Company’s most successful achievement: Lending our expertise in advising some influential people inside and outside of the industry. Seeing their brands and strategies flourish feels rewarding knowing we had a part in their success. Due to confidential agreements we cannot disclose names or details but we have full confidence in our knowledge and talents.

Has the company raised any capital (yes or no): No

Any plans on raising capital in the future? Yes, we have goals to expand into other areas of communications.

Most important company 5 year goal:  Our goal is to expand to multiple communications platforms to provide service and education. COVID heightened our awareness that key tools are missing for small businesses and I strongly believe we can deliver a need to the business community as we see a necessary shift evolving.

 

 


Kaitlin DomangueMarch 2, 2021
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7min11680

Canadian cannabis retailer, High Tide Inc., (TSXV: HITI) (OTCQB: HITIF), announced their Q4 earnings yesterday for 2020. Despite the curveballs 2020 threw, High Tide landed on top, and reported a 118% increase in revenue bringing the total to $24.9 million for the fourth quarter. The revenue increase accounted for a 166% year-over-year growth, and brought the year’s total earnings to $83.3 million. 

High Tide’s revenue by geographic location

  • $20.6 million of total company revenue was earned in Canada in Q4
  • $4.1 million of total revenue was earned in the United States in Q4
  • $0.2 million of total revenue was internationally in Q4

 

  • $68.4 million of total revenue was earned in Canada in fiscal year 2020
  • $14.3 million of total revenue was earned in the United States in fiscal year 2020
  • $0.6 million of total revenue was earned internationally in fiscal year 2020

High Tide’s gross profit increased by 112%

The company’s gross profit increased by 112% to reach $8.7 million in the fourth quarter of 2020, and 172% to $30.8 million for the year. The company’s CEO and President, Raj Grover, said 2020 was their best year yet. “Despite the global slump in retail sales associated with the pandemic, and thanks to the tireless efforts of our team, we closed the year with approximately $8 million in Adjusted EBITDA making 2020 the best year in High Tide’s history,” said Raj Grover, President and Chief Executive Officer. High Tide’s Adjusted EBITDA for the fourth quarter was $3.6 million, and the $8 million represents the fiscal year ended October 31st, 2020. 

High Tide’s cash on hand

The company reported $7.5 million cash on hand as of October 31st, 2020, and a significant cash balance increase to approximately $38 million as of today. 

Revenue segments

  • $22.6 million in total revenue was generated by retail in Q4
  • $2.2 million in total revenue was generated by wholesale in Q4 
  • An immaterial amount by corporate was generated in Q4

 

  • $75 million in total revenue was generated by retail in fiscal year 2020
  • $7.9 million in total revenue was generated by wholesale in fiscal year 2020
  • $0.4 million in total revenue was generated by corporate in fiscal year 2020 

These figures compare to $24 million, $6.69 million, and $0.6 million, respectively, for the previous year.

More thoughts from High Tide’s CEO 

“We continued to run our operations tightly, ending the year off with the record levels of revenue and Adjusted EBITDA.,” said Grover. “We are excited about our trajectory in the United States and continue to prioritize and look for opportunities in that market. Our integrated value chain which includes Cannabis Bricks & Mortar stores, e-commerce platforms for consumption accessories and hemp derived CBD products, along with manufacturing and distribution of licensed and proprietary consumption accessories, experienced sizable growth on all fronts. We plan to continue to further strengthen our chain through organic growth and strategic acquisitions creating even more value for our shareholders.  Since the end of the fiscal year, we have already nearly doubled our size in Canada with the closing of the META Growth acquisition. For the fiscal first quarter of 2021 we expect to report revenue in the range of $37 million to $38 million.”

Operational highlights

In addition to monetary achievements, High Tide made some operational moves last year to set the company up for success in 2021 and beyond. 

  • Canna Cabana (High Tides retailer) opens location in tourist destination Banff, Alberta in August
  • META shareholders overwhelmingly approve High Tide’s acquisition of META Growth Corp. (META. V) in October 2020
  • Over 50% of the company’s brick-and-mortar revenue came from Cabana Club members, emphasizing the brand’s value 

Additional Events

  • High Tides entered a loan agreement for $6.75 million ending on December 31st, 2024 of an undrawn balance on a $20 million credit facility, which was obtained through the acquisition of META
  • Approximately $29 million worth of company debt was converted into common shares after October 31st, 2020
  • Company common shares moved up to the TSX Venture Exchange
  • The company submitted an initial application to be listed on the NASDAQ 
  • High Tides closed on an unsubscribed bought deal equity financing, gross proceeds $23 million 
  • All branded locations have remained operational throughout the COVID-19 crisis, despite difficult issues facing Canada. 

StaffMarch 1, 2021
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5min9260

Cassondra “Khadijah” Adams is originally from Sugar Land, Texas. She started her first  business while raising four sons as a single mother. Khadijah Adams has been a full-time  entrepreneur since 1997. Khadijah entered the cannabis industry in 2014 by way of the  Colorado market. She began investing in cannabis-related companies shortly thereafter  and formed MIPR Holdings where she served as the founder and senior managing  partner for 3-1/2 years and was responsible for consulting and connecting accredited  investors to viable investment opportunities in the space. 

In June 2017, MIPR, LLC, and MIPR Holdings, LLC was later acquired by C. E. Hutton,  LLC, a business development and management firm in Denver, Colorado where Ms.  Adams currently sits on the Board of Managers as the Vice President. She is also the  Founder of The GreenStreet Academy, an online educational platform that teaches the  basics of investing in the marijuana industry, and the co-author of The Minority Report,  annual marketing analysis of Minority-owned companies in the cannabis and hemp  industries. On May 1, 2020, Ms. Adams launched Khadijah Adams, LLC dba Girl Get  That Money, a business empowerment coaching, and consultancy movement focused on  women in business and women aspiring to be in business. 

Ms. Adams is a motivational and public speaker. She sits on the Advisory Board of The  Color of Cannabis (TCC) 2020-2021, and is the Chair of the Diversity, Equity, and  Inclusion Committee (DEIC) of the National Cannabis Industry Association (NCIA) 2020- 2021, Board Member of Gratitude Blossom (San Diego), Advisory Board Member of  Calyxeum (MI) and Board Member of CannaCan (Ohio). 

Khadijah is the founder of Khadijah Adams, LLC dba “Girl, Get That Money” a business  empowerment and coaching movement. Her goal is to empower women in business by  providing them with the resources and tools needed to help them become successful.  

Ms. Adams is the author of “Rewriting Your Mental Script – 8 Mindsets That Defeat Self  Sabotage” published by Sisterhood Publishing, released on February 1, 2021, and can be  found on Amazon with an autographed copy found on her Girl Get That Money website.

GMR executive Spotlight Interview:

Full birth name: Cassondra Adams aka Khadijah Adams

Title: President & CEO

Company: Khadijah Adams, LLC dba Girl Get That Money

Years at current company: 1

Education profile: Colorado Christian University

Most successful professional accomplishment before cannabis: 

Certified Signing Services, Inc. assisted in the development of the notary signing agent industry from 1997 to 2007. The successful launch of The Computer Café in 2008, and successfully sold in 2014 to enter the cannabis industry.

Company Mission: Our mission is to help women design and execute a plan of action that helps them gain clarity, set new goals, get focused on their vision and define their mission.

Company’s most successful achievement:

Recently helped client launch Gratitude Blossom and

also helped Green Harvest Health with product

distribution.

Has the company raised any capital (yes or no): Yes

if so, how much? $150,000

Any plans on raising capital in the future? Still in progress

Most important company 5-year goal: To deploy $1,000,000 in women owned cannabis companies.

 


StaffFebruary 22, 2021
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7min4020

Editors Note: This is a guest post.

Increasing numbers of people are comfortable with the idea of using cannabis to relax and have fun with their friends. One of the best ways to introduce cannabis to your friends is by having a party. Setting up one of these parties can be challenging if it’s your first time hosting, but the results can also be incredible if done properly. Here are some ways that you can ensure your cannabis party is a hit!

How to organize such a party

Setting up a party to experiment with cannabis can be rather intensive, but it’s also a good time waiting to be had. The first thing that you need to do when preparing for a party is to find people to populate it!

Like everything in our modern world can be found online. So, you will find like-minded people on the site uptoflirt. You can find friends, experts, as well as romantic interests looking to share this experience with you. That’s not all you need, of course. You will also have to do a little research and find out where you stand concerning local laws and such. Once that is finished, you need to source your cannabis and decide what kinds you want to have at your party. As most people know, there are different strains of cannabis, and each one can have a different effect on the user. You might want some cannabis that will keep people engaged, giggly, and having a good time. Otherwise, you could look for a strain to end the night with that will leave most people planted on the couch and having good conversations. Now that you have the type of cannabis in mind, you know the laws on how to get it, and you have interested people, we need to look at other elements. 

Various uses cannabis

The technology utilized in creating cannabis products has made it so there are numerous ways to enjoy the products so that they can be consumed in many different ways. That being said, not every person understands the multiple forms that cannabis can take and why they are so good in a party setting. Here are some of the most common forms that cannabis will take and why it is perfect to have at your party.

Smoking

The most familiar way that people have to consume cannabis is by smoking the product. After all, smoking cannabis is simple and allows people to bask in the aromas of their favorite strains. Smoking comes with many different options for consumption on its own. For example, you can roll a joint or use a bong to light the cannabis and smoke it. It’s simple and effective, but it might not be the best means for every person. 

Vaporizer

There will be times in your life where you are in a place with individuals that like cannabis but cannot have the smell lingering around their home. That is one reason that a vaporizer might be a good option for people hosting a cannabis party. You must remember that you will still have a smell from a vaporizer, but it will also be far less pungent than smoking cannabis on its own. Vaporizing cannabis does come with other benefits too. The different forms of vaporizers make it so that you can have an individual vape setup established with a specific strain of cannabis in it. That way, people can take a hit from a specific vape that they want to try early in the party and then move on to another. 

Food products (cakes, pastries, cookies) with cannabis

You should also remember that you don’t have to smoke cannabis to enjoy it. Another popular method to enjoy these products is to make them into food. Most people prefer to bake cannabis into sweet treats rather than savory ones, but you can make cannabis into multitudes of foods. Cookies, cakes, and candy are some of the most popular forms that cannabis can take. People have used soft candies to allow them to enjoy cannabis without anyone being the wiser. The most significant benefit of using edibles is that they do not come with the heavy smell that accompanies smoking. Another benefit is that they introduce the element of surprise. Due to the metabolic process, you might not “feel” the cannabis in your system for longer than you would think. This “surprise” feature of edibles makes them very conducive to the party environment!

Setting up a cannabis party is going to be nerve-wracking the first time you do it. Between obtaining the cannabis and getting the right people involved, it can take some serious planning. However, knowing what kind of experience you desire and how to obtain it with the tips we’ve provided will ensure you have the best time possible!


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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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