Lightshade Archives - Green Market Report

StaffSeptember 15, 2022
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5min2190

The Daily Hit is a recap of cannabis business news for Sept. 15, 2022.

ON THE SITE

Schwazze To Snap Up Two Colorado Lightshade Dispensaries

Schwazze (OTCQX: SHWZ) (NEO:SHWZ) has agreed to acquire Lightshade’s adult-use dispensaries in  the Denver area: one in Aurora and the other in Denver’s Washington Park neighborhood. The acquisition continues the multistate operator’s aggressive expansion in Colorado and will bring the company’s total number of dispensaries in the state to 25 upon deal closing. Read more here.

Glass House Closes On Another Natural Healing Center Dispensary

Glass House Brands (OTCQX: GLASF) is a step closer to shoring up its M&A grabs. The company closed on its acquisition of the Natural Healing Center dispensary located in Morro Bay, California, after being granted local regulatory approvals. Consolidation of the financial results of the Morro Bay store into Glass House’s financials will be effective immediately, so Glass House will end the third quarter with seven retail dispensaries. Read more about Glass House’s expansion strategy here.

Green Market Report’s Cannabis Tech Awards Profile: Meadow, Best Retail Tech

Meadow’s complete suite of connected tools support smarter cannabis dispensary sales, as well as marketing, inventory and compliance management. With real-world feedback from high-volume retail partners since 2014, its software is optimized to help cannabis retailers sell more products, stay fully compliant with state and local regulations, keep staff and customers happy, and boost the bottom line. This is why Green Market Report honored Meadow at the first ever Green Market Report Tech Awards in San Francisco. Read more about Meadow’s innovative retail platform here.

IN OTHER NEWS

Report: More Than 100,000 Cannabis Jobs In Connecticut, New Jersey and New York by 2025

CannabizTeam, a cannabis-focused executive search and staffing firm, released its 1st Tri-State 2022 Cannabis Industry Salary Guide, a comprehensive report that provides insights into the rise and revenue potential of the tri-state market as it gains medical and recreational cannabis licenses. The report forecasts that the cannabis industry in Connecticut, New Jersey and New York will employ more than 100,000 people by 2025, but the industry will continue to rely heavily on temporary or on-demand staffers as they build out their infrastructure. Read more here.

Washington Department of Financial Institutions Approves Bankcard International Group’s PIN Debit Payment Services for Cannabis Dispensaries

Bankcard International Group (B.I.G.), a provider of cannabis merchant accounts for payment processing, announced that its services have been approved by the Washington State Department of Financial Institutions. Traditionally, cannabis businesses have had to use “workaround” solutions for electronic payments or accept cash only. B.I.G. provides the ability for cannabis retailers to accept PIN debit card payments just like traditional retail businesses. Read more here.


Prissilla RamseyFebruary 22, 2021
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Editors Note: This is part of a month-long series for Black History Month featuring cannabis industry leaders. 

A lot of the public still thinks that cannabis is harmful to your health and leads to addiction. The NFL has a long history of players getting suspended or fired for marijuana use, but this attitude is changing because more people are starting to recognize the benefits of cannabis. Cannabis has been shown to reduce pain and anxiety while providing the potential for a better quality of life.

 

Reuben Droughns knows firsthand how cannabis can help you manage pain and reduce anxiety in stressful situations. Reuben, an outspoken Black American supporter of cannabis consumption since his retirement from the NFL in 2009, claims that medicinal marijuana helped him manage pain and anxiety while he played professional football. He still actively promotes its benefits today.

Athletes are often afraid to admit they use cannabis for fear of losing their endorsements and sponsorships. But the benefits of using marijuana as a safer alternative to opioids or other prescription drugs by far outweigh any potential consequences, both in the short term and long run. That’s why former NFL player and current cannabis advocate Reuben is advocating for reform in the NFL. He has been one of many players to call on the league to remove cannabis from its list of banned substances.

He also wants other athletes suffering from chronic pain or mental stress to know about its benefits so they can make informed decisions about their own bodies. Reuben not only is trying to change the NFL for the better, but he’s also educating the general population on cannabis products and benefits.

In an effort to help consumers make more informed decisions about cannabis products and benefits, Reuben Droughns teamed up with Lightshade. Lightshade is on the front lines of cannabis education as a dispensary that caters to both recreational and medical marijuana users.

Reuban and Lightshade created a series of cannabis videos called Doobin’ with Reuben. The show will explore his personal insights on the wide variety of different cannabis products and provide consumers with crucial information they can use when buying their next product.

Doobin’ with Reuban will discuss all things cannabis in this episode.

  • They’ll explore effects consumers can expect from each type of product reviewed and share some ideal use cases for each cannabis experience.
  • Key takeaways from their experience including cannabinoid levels in milligrams and whether it is a vape, edible, or tincture being reviewed will also be highlighted as well.

With all the choices and options available today, it is difficult to navigate through a saturated market. There’s a way to know which products are worth their cash: Doobin’ with Reuban.

“People have a lot of questions about different products, how much to ingest and what to expect when they’re enjoying cannabis. I hope my reviews help folks gain the knowledge they need to make the best decisions and that they have fun while watching them, too. We definitely have fun making them.” Reuben Droughns

Reuben is a man on a mission. He wants to make the world a better place by educating people about cannabis products and advocating for NFL players.

 


StaffJanuary 28, 2021
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Rohan Marley, who is a longtime New Jersey resident and son of reggae legend Bob Marley is entering the New jersey medical marijuana market with Lightshade. If New Jersey approves the dispensary application, the Lightshade retail site will be only the second dispensary to open in Montclair and Lightshade’s first outside Colorado.

“Lightshade and our team led by Rohan Marley have assembled a fantastic proposal that mirrors our focus on our customers and the communities that we serve,” said Mike Leach, COO, Lightshade. “From the moment we met Rohan, we knew he shared our same outlook concerning social equity in today’s cannabis space and doing right by the people who use our products. And like those of us at Lightshade, he values a commitment to the community where he works and wants to give back in any way he can.”

Marley led the application process with a team that included Dr. Anthony Caggiano, OBGYN surgeon; John Zidziunas, professor and Montclair-based labor attorney; and Erik Caggiano, Colorado cannabis manufacturing manager. Marley has also expressed a commitment to hiring locally, especially those community members who have been victimized by the racist policies of America’s misguided War on Drugs.

For Lightshade, the company said that the opportunity to advance into a new market on the Eastern Seaboard made sense for multiple reasons. In a statement, the company said, “Currently, Montclair is served by just one other medical cannabis dispensary, and the Essex County township is just minutes away from New York City, an important factor once New Jersey’s adult-use legalization market is put into place. Marley’s involvement in the dispensary application process in Montclair has already attracted support from civic and business leaders in the area.” Lightshade operates nine dispensaries in the Denver metro area and is one of the largest privately-held cannabis dispensary companies in Colorado.

“Rohan envisions this Lightshade dispensary as an incubator for the next generation of New Jersey’s cannabis entrepreneurs,” Leach said. “That commitment to opportunity and equality echoes the same mindset Lightshade has for its Colorado employees.”

The company said that the application is expected to be approved soon. For now, it awaits state approval because of a lawsuit that has delayed the New Jersey Department of Health’s review of 2019 license applications. That lawsuit centers on a technical issue that affected multiple applicants in the Garden State, which is expected to be overcome soon, especially given new pressures put into place by New Jersey’s 2020 ballot approval of recreational cannabis.


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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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