MjBizCon Archives - Green Market Report

StaffNovember 21, 2022
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5min6200

The Daily Hit is a recap of cannabis business news for Nov. 21, 2022.

ON THE SITE

New York Awards Adult-Use Retail Licenses, But Heaps of Questions Remain

The New York Cannabis Control Board on Monday awarded its first round of adult-use cannabis permits, along with 282 pages of new industry rules and some significant policy updates. But a small mountain of questions remains for stakeholders, leaving the market’s near future still shrouded in uncertainty for many. Read more here.

Nonprofits Among the First Licensees for New York Adult-Use Cannabis Market

More than 900 applicants submitted the paperwork for the New York CAURD licenses, which was far less than the OCM had hoped for. At least three New York City-based nonprofits Housing WorksThe Doe Fund, and LIFE Camp confirmed they had been chosen. Read more about these organizations here.

Cannabis Retail Expects Solid Boost from Green Wednesday

Summer often gets the credit as the prime season for cannabis sales, but the back end of the year is no slouch. Several dispensary brands told Green Market Report that business typically jumps anywhere from 10% to 30% between the week before Thanksgiving and the start of the new year. Read more here.

Chicago Dispensary Gets Zoning Approval for Former Rainforest Cafe Site

The Rainforest Cafe application has been controversial because the site at 605 N. Clark St. is within 1,500 feet of other pot shops. State law prohibits dispensaries owned by existing companies that received licenses under the original medical-marijuana law from locating within 1,500 feet of each other. New licensees under “social equity” guidelines aimed at diversifying ownership of marijuana businesses have an exemption from the requirement. Read more here.

Video: MJBizCon 2022

Green Market Report attended the recent MJ Biz Conference in Las Vegas last week. Here’s a little bit of the event in case you weren’t able to attend. This year’s conference was the first to be hosted under the new owners Emerald Co. Check out our highlight reel here.

IN OTHER NEWS

“Danksgiving”

Until fairly recently, Danksgiving wasn’t much more than a funny word that cannabis fans used for smoking weed on Thanksgiving. It’s easy to see how the portmanteau came about: “dank,” a slang term for high-quality weed, fits into the name of a holiday that appeals to the appetite – whether one is high or not. Read more here.

Kaya Shack

Kaya Shack, a vertically integrated cannabis operator in Oregon, will sell its Salem dispensary by Feb. 1, 2023, as part of a sale-surrender settlement for two violations stemming from 2019, according to the Oregon Liquor and Cannabis Commission. Read more here.

Trulieve Cannabis Corp.

Florida-based Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) announced the grand opening of two new medical cannabis dispensaries in:


AxisWireOctober 18, 2021

5min1850

Chicago, Illinois, October 18, 2021 –– RSX Enterprises, Inc. d/b/a Cultivation Design Build (www.cultivationdesignbuild.com), a sales and marketing firm serving the controlled agricultural environment (CEA) market, announced its new grow facility solution in partnership with Sprung Structures (www.sprung.com) and Porta-King Grow Rooms (www.portaking.com).  This innovative, cutting-edge solution can deliver a completed exterior and interior structure at least 12 weeks faster than conventional construction, even without factoring in significant labor and commodity supply constraints currently impacting conventional construction projects.

To find RSX at MJBizCon, visit Sprung booth C8723 or Porta-King booth C8722.

Using our tension membrane and modular wall facility, with large in stock inventory, fast delivery and lowered installation times, a grower with 5,000 feet of plant canopy not only can get a head start on other newly licensed growers, but can generate almost $2.1 million in additional crop revenue, based on a dried flower yield of 65 grams per canopy square foot and a $2,000 wholesale price per pound of flower, both reasonable goals. Plus, our solution ensures that the grower meets any state-mandated post-licensure deadline to begin growing operations.

Speed to first harvest can also help growers with their product marketing and sales efforts as they can quickly gear up to meet needs within their market. Early market entry can mean higher wholesale prices and a quicker path to brand and customer loyalty, especially in markets that promote craft cultivation – such as IL, MI, NJ, and NY – where product consistency and quality become defining factors in cultivation success. Craft growers that can become first-to-market operators are also better positioned for highly profitable early exits via acquisition by larger multi-state operators.

Tension membrane buildings are more scalable and relocatable compared to conventional construction methods – giving growers the option to add space later or when regulations change or simply to achieve a phased building plan to meet budget requirements. Sprung structures also can withstand extreme climates (cold, seismic, fire resistance, hurricane rated) and carry 25-year guarantee on the blackout membrane for indoor facilities.  Cleanliness and biosecurity are both better with modular construction techniques.

Our superior and cost-efficient environmental control system is anchored by our new line of Neocision Spectra high-performance LED lights that are manufactured by BVV, a leading extraction and processing equipment manufacturer, which are independently tested by third party laboratories at a PPF efficacy of 2.85 μmols/J at 240 VAC and carry an industry leading 7-year warranty.

About RSX Enterprises, Inc.

RSX’s principals have provided lighting and facility design-build solutions for more than 500,000 square feet of indoor cultivation facilities over the past two years, including retrofits and new construction for commercial and craft growers. RSX’s service-oriented sales approach includes: (i) assessing existing facility concepts and financial budgets to define project objectives and timelines, (ii) preparing lighting and facility layouts which are used to develop systems requirements, (iii) advising on engineering design-build and equipment specifications, coordinating supply chain issues, and facilitating project management and troubleshooting, and (iv) coordinating equipment and systems procurement, timely delivery and vendor-provided commissioning.  RSX’s value-added proposition:  assist cultivators to effectively implement their capital programs, improve time to first harvest, lower operating costs, and increase yields and product consistency.

For more information, please contact:

RSX Enterprises, Inc.
Randy Shipley, President
randy@rsxenterprises.com
(312) 446-4678


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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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