Posts tagged business compliance
City Holding Community Meetings on Cannabis Regulations

Posted on: April 25, 2019

The City is hosting two Community Meetings to present information on the current state of cannabis regulation and collect community input on potential regulation of cannabis-related uses in Signal Hill. Attendees will have the opportunity to learn and comment on current State law, the City’s current ban, regulation in Long Beach, State and local fees and taxes and the observations of the City's Prop 64 Subcommittee. The results of the workshop will be presented to the City Council in July. 

The meetings will be held on the following dates in City Council Chambers, 2175 Cherry Avenue:

  • Wednesday, May 22, 2019 at 6:00 p.m.

  • Tuesday, June 18 at 7:00 p.m. as part of the Planning Commission Meeting

The City of Signal Hill currently prohibits all commercial uses related to medical and adult use cannabis with the exception of mobile cannabis delivery, which was legalized through State legislation.  In addition, regulated personal indoor cultivation for up to six plants is allowed as mandated by State law.


Pay Attention to These 6 Cannabis Industry Trends


Scott McGovern

CONTRIBUTOR

Founder of crypto site Blocklr & Growth Nuts, an organic growth co.

Cannabis industry trends evolve faster than most markets. Not only haven’t regulations been finalized, but methods of consumption, investment and the geography of the market itself are in constant flux.

Though all the noise, these are the top six cannabis industry trends that entrepreneurs should pay attention to.

1. Cannabis industry trends indicate higher sales than ever.

The biggest evolution within the cannabis industry is that sales will be higher this year than they were in 2018, and investors, consumers and entrepreneurs alike should expect to see legal weed sales blossom for the next few years as the market grows annually.

The biggest of all cannabis industry trends for the next few years is the national and global expansion of the legal weed market. Despite a grinding legislative product that has gone much slower than advocates hoped or expected, both New Jersey and New York weed legalization is anticipated this year, along with states in Midwest (particularly Illinois) and other East Coast states. The global recreational cannabis market is projected to reach $31 billion by 2021. The CBD market alone could reach $22 billion by 2022 according to a Brightfield Group report.

The weed consumer demographic is growing ever more diverse. The average cannabis consumer is now middle-aged, with more women and seniors consuming weed in its various forms. This means that the market is growing and demand within the market is shifting to alternative products.

2. Products other than flower are gaining market share.

Like many trends that spread from California eastward, vaping in 2018 outpaced flower as the most popular method of consumption in California. Similarly, people curious to try marijuana but unwilling to smoke it are turning to edibles. Expect one of the most significant cannabis industry trends to be the continued shift away from flower and towards other methods of consumption.

Vapes: Vapes are one of the hottest cannabis products in 2019. In the first quarter of 2018, vape sales grew 69 percent total, according to BDA Analytics. CBD vape sales alone rose 105 percent over the same period.

Edibles: Regardless if we're talking chef-prepared cuisine, the humble gummy or anything in between, edibles of either the CBD and THC variety are also booming in popularity across all legal states. Here are a few statistics to show how much demand for these products increased in 2018:

  • CBD gummy sales grew 925 percent.

  • Chocolate edible sales increased 166 percent.

  • CBD chocolate sales are up 530 percent.

Beverages: Though classified as edibles, consumers and investors are giving infused beverages more attention than ever. The following trends indicate that beverages will become bigger in the next few years:

  • Big investors including Anheiser Bush and Coca Cola have entered into talks to invest in infused beverages.

  • Weed companies are already manufacturing products like hangover proof beerinfused with THC.

  • Beverages containing CBD for medicinal benefits are also increasingly popular, like lattes and smoothies infused with cannabis oil.

3. Massive CBD market growth.

2018 saw the rise of CBD products ranging from tinctures to gummies. In 2019, expect the rapid expansion of the CBD market to be among the most notable cannabis industry trends. With an annual growth rate of over 140 percent, the CBD market could eclipse the adult-use marijuana market by 2022. This is largely due to the passage of the 2018 Farm Bill which legalized hemp farming nationally.

With its new legal status, hemp and the CBD derived from it are now legal and lucrative to produce. Compound that with CBD’s reputed health benefits and the CBD industry is set for impressive growth.

In addition to promoting general well-being, CBD can help with difficult medical conditions according to research.

4. A flood of investment.

One of the cannabis industry trends shaping the entire market is growing investment from all sides. Large non-weed-related corporations are increasingly likely to invest in legal cannabis in the form of distribution deals, product design or investment in producers.

It's not just corporate players who are investing. Individuals looking for a way to cash in on the cannabis boom can simply purchase stocks. With eye-catching growth over the course of 2018 that has continued into 2019, weed stocks are attracting investor and media attention. This is especially true for large Canadian weed producer stocks.

Both plant-touching and non-plant touching weed businesses are listed on Canadian and American stock exchanges. This means more access to capital and bigger operations than ever.

5. Product variety and branding.

Above all, the cannabis industry trends towards a more sophisticated customer base that wants a variety of products with different effects, potency levels and prices. One manifestation is the growing demand for luxury products in both wellness-focused CBD products and a larger-than-ever adult-use market. These include items like luxury skincare products, high-quality edibles, and organic options, all of which is driving an ever sharper focus on branding. Brand ambassador is one of the most in-demand cannabis jobs right now.

The two best-known cannabinoids, CBD and THC, aren’t the only aspects of the plant attracting attention from producers and consumers alike. Terpenes, which are organic compounds that give weed its flavor and odor, are a growing focal point. Wonder why a certain strain tastes like blueberries or pineapple? These scents and tastes come from terpenes.

As the market grows in size and product diversity, people want access to products with a variety of flavors. Terpenes are easier to taste and therefore more important than ever with the rise of concentrates.

6. Legal weed spreads eastward.

The one cannabis industry trend that encompasses all the others is the expanding geography of the legal marijuana industry. Every state that legalizes instantly creates a major new industry. For example, socially conservative Oklahoma, ranked just 28th in population among the 50 states with slightly fewer than four million residents, legalized medical marijuana in 2018. Within a few months the demand for medical marijuana cards swamped state regulators, who have registered more than 3,000 marijuana related businesses.

The likeliest states to legalize in 2019,  including New York, Connecticut, New Jersey, Illinois and Minnesota, are much larger. Most other states at least considering legalizing medical marijuana, if they have not done so already, or expanding existing programs. For weed businesses, this means shifting their attention from the West to the East Coast as opportunities emerge in untapped markets.

When New York legalizes it will be the single largest recreational market in the country. This will translate to big dividends for the businesses who capture even a small part of that market first. Keep in mind, starting a cannabis dispensary can be more profitable in newer markets than in already saturated ones.

Above all, the most significant among all cannabis industry trends are continued growth and change. Prepare for more shifts, and more opportunities, in legal weed.

Top 7 Cannabis Consultants in California

With ever-changing regulations across the industry and recently-updated policies in California, it can be challenging for cannabis newcomers to keep up with licensing requirements and procedures. And if you’re looking to launch a California cannabis retail operation, you’ll also need an understanding of cannabis business best practices and compliance mandates.

If you’re new to the industry — or new to running a cannabis retail outfit — you may want to consider the services of a California cannabis consultant. Depending on your goals and needs, a quality consultant can navigate you through the licensing application process, help you write your dispensary business plan, develop retail space layouts and floor plans, and even guide your cannabis branding and marketing.

We’ve put together a list of the top five cannabis consultants in California to help you on your journey to opening a cannabis dispensary in California.

1. Cannabis Advising Partners

Based in Long Beach, Cannabis Advising Partners assists clients with every stage of cannabis operation startup — licensing and permitting, corporate formation, strategic 280E tax planning, compliance management, staffing and everything in between. With a team consisting of attorneys, accountants, engineers, and executives experienced in liaising between industry and government, Cannabis Advising Partners is equipped to help get your cannabis retail operation off the ground.

2. Canna Advisors

Founded in Colorado by Jay and Diane Czarkowski, Canna Advisors works with cannabis businesses throughout legal states, including California. Their services include license application support and procurement, facility design, business and brand development, operations management, California cannabis compliance, and expansion services when you’re ready to scale.

The Czarkowskis are highly experienced in cannabis, having founded one of the first cultivation and dispensary facilities in Colorado, and their staff has a combined 75 years of cannabis industry experience. Canna Advisors was named the number-one cannabis consulting firm by Cannabis Business Executive in 2017.

3. Be Green Legal

Be Green Legal helps clients through the California cannabis permitting process by assisting with property surveys and site selection, facility floor plans, business and operations plans, environmental permits, and local and state licenses. Be Green’s team includes experienced land use planners, environmental impact compliance experts, and executive strategists, and they have offices in San Diego and Sacramento to assist clients throughout the state.

4. 3C Comprehensive Cannabis Consulting

As the name implies, 3C Comprehensive Cannabis Consulting provides end-to-end consulting for cannabis businesses. Services include evaluating startup financials and investor presentations, cannabis retail licensing support, site selection, facility design and development, compliance and regulatory support, as well as business planning and marketing development. 3C is led by CEO Nic Easley, who boasts more than 15 years of experience in commercial cannabis.

5. Canna Group Inc.

Canna Group Inc. helps its clients with four key elements of California cannabis licensing: site selection, retail floor plan, team development, and operational planning. Once licensed, Canna Group’s staff assists with equipment and vendor selection, compliance management, record keeping and documentation, security needs, and all other state-mandated cannabis retail requirements.

Canna Group is chaired by Grant Rollin, who also serves as CFO. Rollin spent nearly 20 years with Deloitte before going on to found and serve as a C-level executive in several high-value ventures. Canna Group’s CEO Aaron Silverman brings a strong cannabis background to the firm, having managed dispensaries, grown cannabis, and assisted numerous cannabis businesses with development, marketing, and branding.

6. VSE Solutions

Vision, strategy, and execution — three elements that make up the VSE Method, employed by the cannabis business advisors at VSE Solutions. This team of business development and cannabis industry veterans provides a suite of services including brand development, project and event management, marketing plan development and execution, and more. VSE Solutions has current and former clients in every sector of the industry — from cultivators and manufacturers down to retailers and testing labs.

7. SIVA

Glendale-based firm SIVA Enterprises provides full-service cannabis business development, offering application support, strategic partnerships, operations management, brand and product development, and more.


CAP Secures Two Major Cannabis Licensing Wins in San Bernardino, CA

CAP continues its successful navigation of the complex cannabis licensing process to obtain client licenses.

LONG BEACH and SAN BERNARDINO, Calif. (PRWEB) March 01, 2019

Cannabis Advising Partners (CAP), a leading cannabis licensing, compliance, and business consultant, proudly announced that it attained two Commercial Cannabis Business (CCB) licenses for its clients at the San Bernardino City Council meeting on February 21. The two approved licenses achieved the highest ratings possible in their distinct categories.

“We’re thrilled for our clients’ successful outcomes in San Bernardino,” said Gasper Guarrasi, founder and chief executive officer at CAP. While explaining that the licensing process is time-consuming and demanding, Guarrasi credited the City of San Bernardino with its “efficient approach to the complex multi-phase process.”

Cannabis licenses in the city are awarded on a neutral point system, organized and run by HdL's cannabis program services, with the highest points holders earning the commercial business licenses. Out of sixteen total licenses awarded, CAP secured two of these positions—the number one and number three points holders overall. The two licenses were also rated number one in their respective categories of retail and microbusiness.

“CAP played an instrumental role in helping us prepare a business plan and application to help position us, our credentials and our story to secure a license,” said one of CAP’s successful clients upon learning of its win. “We look forward to our continued work with CAP on other licenses in other cities and through the compliance process.”

Background on Cannabis Advising Partners (CAP)
Cannabis Advising Partners (CAP) provides full-service licensing, compliance and business services to cultivators, manufacturers, distributors, retailers, microbusinesses and other industry-related companies. By utilizing its 20 plus years of experience in environmental compliance and management of more than 1,300 facilities, CAP provides the highest level of strategic advice in the industry. CAP advises and positions cannabis companies to properly navigate the new and complex requirements that surround all aspects of business formation and growth needs, including the submission of an annual license application, sustainability, business plans, legal consultation, investment strategies, social- equity requirements, branding and marketing, and the broad range of intricate compliance standards that are mandated by law. For more information, please visit http://www.cannabisadvising.com

Contact
Lori Rhodes
Cannabis Advising Partners http://www.cannabisadvising.com +1 800-819-0149

Web Link: https://www.prweb.com/releases/cap_secures_two_major_cannabis_licensing_wins_in_san_bernardino_ca/prweb16134775.htm