NCIA Archives - Green Market Report

StaffStaffFebruary 14, 2020
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4min11130

Editors Note: The Northeast Cannabis Business Conference is an advertiser on GMR. 

One of the largest problems facing the cannabis industry is the illicit market. Next week at the NCIA Northeast Cannabis Business Conference, the industry association plans to tackle the issue head-on.

The illicit market has steered away important tax revenues and endangered consumers through unregulated products like vape pens. Most of the deaths in the vape crisis were attributed to illicit market vape pens that were adding fillers to the cartridges. Had these pens been sold by reputable dealers this wouldn’t have been allowed. 

Low cannabis prices and high taxes have also been blamed for cannabis producers that take the chance at selling in the illicit market. Many of these companies say they can’t make a profit when the taxation is reaching levels of 50%. Plus, the costs to operate remain the same while the prices for the product have been falling. Some in the industry are sympathetic, while others chafe at being financially penalized for following the rules.

Counterfeit products have also flooded the market making it difficult for consumers to discern what is real and what isn’t. This has created an opportunity for software companies to develop quality codes for products, but once again adds more to the cost of doing business. 

Covering this important topic is NCIA’s Director of Public Policy Andrew Kline. Kline has a background in public policy, law enforcement, and coalition creation/management. Prior to joining the NACB, Kline served as Chief of Staff and Senior Advisor for Intellectual Property Enforcement in the Executive Office of the President [Obama] where he led public-private partnership and public policy efforts to address online trademark theft, copyright infringement, consumer safety, national security, and the protection of domestic business interests globally. 

He is joined by Britte McBride who is a Commissioner of the Massachusetts Cannabis Control Commissioner and former Police Commissioner of the Boston Police Department from 2006 through 2013 Edward Davis. Also on the panel is Ean Seeb is the Special Advisor on Cannabis to Governor Jared Polis. He previously co-owned one of Colorado’s oldest and most successful medical cannabis businesses, Denver Relief, which was sold to Willie Nelson’s team in 2016. 

The illicit cannabis market continues to divert precious law enforcement resources away from other law enforcement priorities. It harms the profitability of state-legal cannabis businesses and it diverts anticipated tax revenue from cash strapped states and municipalities.

Although the actual summit will be closed to the public, leaders from the Illicit Market Summit will present a report recapping and highlighting a path forward that encompasses best practices for sharing information through a public-private partnership and alternatives to arrest and incarceration.


StaffStaffFebruary 10, 2020
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Editors note: The NCIA Northeast Business Conference advertises on GMR. 

Next week is the National Cannabis Industry Association’s first Northeast Cannabis Business Conference. This two-day event will be held in Boston on February 19-20 and features over 150 exhibitors and over 100 speakers.

As Massachusetts has the most advanced legal adult-use market, the Boston location is ideal for the cannabis community to meet and discuss the key topics concerning the industry. The agenda is also regionally focused to help those in the northeast corridor get more involved. Also, since this is a legal state, this expo floor will represent true buyers and sellers of products.

This conference is all-encompassing. There is a seed to sale track that is covering the topic of artificial intelligence and its role in extraction. Andy Joseph and Nick Prystash from Apeks Supercritical are going to be discussing what diminishing returns means to the operator, the black hole inside the equipment, and how continuous batch can help overcome some of the challenges faced in extraction operations today. If that isn’t your speed, consider sitting in on a panel about public consumption. Emmett Reistroffer, the Director of government relations at Lighthouse Strategies will be speaking on a panel about the newly emerging sector of the industry, centered around hospitality and entertainment; demonstrating how responsible consumption can integrate into dispensaries (tasting rooms), local coffee shops and lounges, breweries and even major music festivals, such as Northern Lights and Outside Lands.

The first day’s keynote will be about a pathway to diversity. Entrepreneur Derreck Kayongo will be telling his courageous story of survival, social entrepreneurship, and humanitarianism, and the life lessons he learned along the way. He went from being a Ugandan refugee to a successful entrepreneur, CEO, and renowned human rights activist. He was named a 2011 CNN Top Ten Hero and a 2014 TED Talks speaker. His speech is expected to be very inspiring.

Looking ahead for the rest of the year, Kate Senzamamici from BDS Analytics will be looking at how Massachusett’s first full year of legal, adult-use cannabis sales is looking and how Maine’s adult-use retail market is starting to take shape. She’ll use incorporate insights from BDS Analytics’ Retail Sales Tracking, Consumer Insights, and Industry Intelligence data to explore key cannabis industry trends for 2020, and will look to mature markets to unpack how these trends will manifest in the Northeast.

In addition to these sessions, CannaVest is the only official industry-sponsored trade association investment forum where single and multi-family offices, institutional investors, cannabis companies looking to showcase their products/services and investment funds looking to raise capital will convene. CannaVest East has created and agenda specifically with the needs of the institutional investor and sophisticated accredited investor in mind and will provide an in-depth look into the industry and show attendees how to evaluate investment returns and achieve investment returns uncorrelated with the equity markets.

Tickets are still available at https://www.mcisemi.com/necbc2020.


StaffStaffFebruary 20, 2019
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The #1 cannabis topical brand in CA receives award for Excellence in Technology,
Infused Products and Extractions

Boston — February 20, 2019 /AxisWire/ Papa & Barkley, a nationally recognized cannabis wellness products company, received an award for Excellence in Technology, Infused Products and Extractions at the National Cannabis Industry Association (NCIA) Awards in Boston.

CEO & Founder Adam Grossman accepted the award at NCIA’s Seed-to-Sale Show. “I’m so proud of our team at Papa & Barkley for their dedication to developing new extraction methods and the highest quality products,” said Grossman. “This award recognizes our commitment to innovation and focus on efficacy.”

Papa & Barkley is a proud team of caregivers, scientists and professionals on a mission to unlock the power of cannabis to improve people’s lives. Starting with its Releaf Balm, a product that was created in Adam’s kitchen to help his ailing father, the company has since created an award winning suite of highly effective pain and wellness products.

Located in Eureka, California, Papa & Barkley has developed a proprietary whole-plant infusion process, including a first-of-its-kind large-scale, solventless infusion vessel. All Papa & Barkley products are produced using whole-plant, solvent-free processes, meaning chemicals are never introduced, there are never any distitalltes added, and terpenes are never re-introduced. This technology captures the full cannabinoid profile including all of the phytonutrients and terpenes naturally found in the cannabis plant, that work together to maximize health benefits.

For more information about Papa & Barkley and its award winning technology, please visit www.papaandbarkley.com.

###

About NCIA

Founded in 2017, NCIA’s Industry Excellence Awards were developed to recognize the trailblazing individuals and companies driving the growth and elevation of the cannabis industry. Determined by nominations and votes from NCIA members, NCIA’s Industry Excellence Awards are given to members in each of the following categories of Cultivation, Infused Products and Extractions, and Business Strategies and Innovation.

About Papa & Barkley

Papa & Barkley is a premium wellness brand that creates highly effective, natural products that unlock the healing power of the cannabis plant to improve people’s lives. All of our products are made with sun-grown cannabis flowers and are produced in our licensed, state-of-the-art manufacturing facility, located in Humboldt County, California.

Founded by caring for the ones we love, we are a team of scientists, caregivers and advocates who are committed to producing safe and reliable products using the whole plant. Our products are 100% solvent free and are offered in THC-rich and CBD-rich ratios, to address a variety of conditions. To learn more about us please visit http://www.papaandbarkley.com/.


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Phoenix,  June 5, 2018 /AxisWire/ 4Front Holdings, LLC (“4Front”), a leading investment and management firm in the cannabis industry, is pleased to announce that Co-founder and President Kris Krane, has been elected to serve a third term on the National Cannabis Industry Association’s (NCIA) Board of Directors.

The NCIA is the cannabis industry’s largest and most influential trade association, representing the interests of its more than 1,500 members.

Mr. Krane was first elected to his first two-year term on the NCIA’s board in 2014. The board consists of 18 elected directors, plus the executive director, and has oversight over the association’s strategic direction and budget.

“I’m excited for the opportunity to serve on the NCIA board for a third term. The next few years will be some of the most critical the cannabis industry has faced, as we are likely looking at our best opportunity ever to make changes at the federal level on critical issues like banking and 280e reform, and possibly even to end federal marijuana prohibition,” Mr. Krane said. “Those of us who have worked on this issue for decades recognize how crucial the upcoming years will be for this industry and it is imperative that organizations like NCIA be well be a leading, well-funded body that is focused on the task at hand.”

Mr. Krane has been a leader in the cannabis industry for more than 20 years, first on the advocacy side, serving as associate director of NORML from 2000-2005 and executive director of Students for Sensible Drug Policy (SSDP) from 2006-2009. In 2011, he co-founded 4Front, which quickly earned a reputation as one of the industry’s most successful consulting companies. He also serves on boards of the New Jersey Cannabis Industry Association, the Arkansas Medical Marijuana Association, and is a Trustee of SSDP. He also writes a regular column for Forbes, and co-hosts the popular Marijuana Today podcast.

About 4Front
4Front Holdings, LLC (“4Front”) is a leading investment and management firm in the U.S. cannabis sector. It has developed a national platform that consists of a multi-state footprint, including its Mission-branded retail operations, and a far-reaching network of partnership relationships. Led by a group of professionals with experience in finance, real estate, manufacturing, and multi-location retail and hospitality operations, 4Front has invested heavily to assemble a comprehensive collection of management skills and hands-on operating expertise that can support the rapid operational growth opportunity being afforded by the increased legalization of cannabis across the United States as well as internationally. For more information, visit the website.

Media Contacts
Anne Donohoe
KCSA Strategic Communications
212-896-1265
adonohoe@kcsa.com

 


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