Releaf Magazine
15Sep/160

Legal Cannabis Market Projects Huge Numbers

13182119-mmmainCannabis Industry Expected to Be Worth $50 Billion by 2026

Bloomberg Markets - Jennifer Kaplan - 09/12/2016

The legal cannabis industry in the U.S. may grow to $50 billion in the next decade, expanding to more than eight times its current size, as lawful pot purveyors gain new customers and win over users from the illicit market, according to a new report.

Legalizing recreational use in California, where the drug is already medically permitted, is on the ballot in November, and approval of that measure alone would triple the size of the nation’s current $6 billion legal industry, according to a report from 10 Cowen & Co. analysts released on Monday. In all, voters in nine states will vote on weed-related initiatives this November -- five to legalize the drug for all adults and four to allow for medical use.

Pot already is legal for recreational use in Alaska, Colorado, Oregon, Washington and the District of Columbia, and is medically permitted in 25 states. Cowen’s forecast assumes federal legalization of the drug, a measure that has more than 50 percent popular support.

“Cannabis prohibition has been in place for 80-plus years, but the tides are clearly turning,” the analysts said.

Expanding Industry

The expanding industry will affect big business even though the current competitive landscape is largely made up of smaller startups. Because the plant is still federally illegal, large companies have shied away from getting involved.

Legal weed would be a major opportunity for Big Tobacco, Cowen said. Vapor technology -- a popular technique for ingesting both tobacco and cannabis -- is an essential part of tobacco’s less combustible-dependent future. Companies like Altria Group Inc. and Reynolds American Inc. already have expertise in vapor and crop-growing technologies, as well as familiarity dealing with complex regulatory frameworks.

Tobacco companies may make up about one-fifth of the cannabis industry by 2036, adding more than 20 percent to their revenue, and nearly doubling tobacco’s underlying growth, the analysts said.

For alcoholic-beverage makers, legal marijuana is more foe than friend. Alcohol consumption has declined over the past five years, especially with men, while cannabis use has risen. The number of drinkers who also used marijuana increased, and the number of cannabis users who drank decreased, Cowen said.

For both the potential winners and losers, the scale of the changes to come are unusual, the analysts said.

“A 24 percent, 10-year revenue compound annual growth rate is hard to find in consumer staples, in particular one with a $50-plus billion end-point,” Cowen said.

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25Aug/160

This is huge leap forward for all in the industry

marijuana-leaves_largeNation's First Online Cannabis Trading Platform Set to Revolutionize Industry

PR Newswire - 08/24/2016

CannaFo.com Trade Desk Offers Seamless Connection for Marijuana Producers, Processors, Dispensaries and Retailers

BEND, Ore., Aug. 24, 2016 /PRNewswire/ -- The nation's first online cannabis trading platform is set to revolutionize the industry. CannaFo.com offers Trade Desk, an online trading platform that seamlessly connects marijuana producers, processors, and dispensaries.

"It's difficult for growers and retailers to find each other. What we offer with Trade Desk is seamless connection," explained CannaFo.com President, Kelly Martin. "We are advocates for the cannabis industry. We are trying to help and improve it, as we can, through technology."

While the cannabis industry is one of the fastest growing in the nation, there has been a lack of a trustworthy platform allowing cannabis business owners to connect and develop strong business partnerships with other vendors. Laws vary in each state, and no centralized source, such as Craigslist, previously existed. Trade Desk is primed and ready to change all of that.

CannaFo's Trade Desk platform provides connection opportunities in four sections: Connect, Buy, Sell andPricing. Together they work to allow producers, processors and dispensaries the time to focus on their businesses, rather than hunt for connections.

The Connect section brings producers, dispensaries and seed companies together. It provides listings, names and contact information, and an anonymous chat system for added security.

For those looking for product, there is the Buy section. Buyers may browse through available inventory and connect with the seller directly. The Sell section allows producers to list inventory available to businesses, whether they have already connected or not.

CannaFo has created the cannabis industry's first transparent open market. The Trade Desk Pricing section provides up to date listings of the average pricing based on location. Variations in price do not affect most consumers, but when purchasing for wholesale, finding a fair price is crucial.

Trade Desk is a subscription-based table platform. The subscribers will have to demonstrate proof of license, in order to participate. CannaFo.com developed Trade Desk to be used on a state-by-state basis, as there are no current Federal guidelines to follow, and laws differ between the states. CannaFo is excited about Trade Desk, and offering its services free for sixty days to new subscribers.

There is also an app for that! The CannaFo app is tablet-supported, as well as IOS, Android and Blackberry. Access is important to CannaFo, and they intentionally programmed the app to be available to anyone, no matter their device. According to Josh Pardee, Co-founder/Lead Engineer, "There is simply no device that can't access the info."

About:
CannaFo.com, headquartered in Bend, Oregon, is the world's largest online resource for all things cannabis. The site provides a comprehensive directory, marketplace and social platform for cannabis consumers, businesses and growers/producers. While only less than a year old, CannaFo already has over 90,000 followers on Facebook and continues working to build their following and help improve the industry they love.

Get in the know, with Cannafo!

Contact:
1558 SW Nancy Way Suite 104
Bend, Oregon 97703
541-640-8135
info@cannafo.com

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16Feb/141

Inspiring Top Talent Into The Legal Cannabis Industry

A few weeks ago I penned an article about the role of women in the cannabis industry. In the article, I made note about how I see the cannabis industry akin to any other industry in America today albeit with a much stronger growth trend and rife with vast opportunities for bold young entrepreneurs of all genders. Today I’m writing about inspiring top talent into the cannabis industry.

“Normalizing cannabis culture goes hand in hand with decriminalizing cannabis itself and is, in my opinion, the most important way to bring top talent to the table.”

First and foremost, I want to underscore the idea of thinking about the cannabis industry in the same terms as other sectors of American business. Normalizing cannabis culture goes hand in hand with decriminalizing cannabis itself and is, in my opinion, the most important way to bring top talent to the table.
Normalizing the cannabis industry does not mean trading away the history, or the meaningful story lines that have underpinned the culture for the last century. It means understanding and addressing the hesitations individuals have regarding cannabis use due to social stigmas and judgments. These false cultural narratives have developed as a result of generations of uninformed fear based reactionary teaching. They are deeply ingrained and hard to overcome.
As hiring managers, we need to encourage and demonstrate open communicative discussions based on science and direct experience. If we can create an approachable space for people to be curious and ask questions, without debate or defensive posturing, we can support them in seeing cannabis from a new perspective and hopefully in the process open up new possibilities for their own career paths.

Inspire VS. Recruit
In discussing the structure of this article with friends I realized that the motivations top performers will have for stepping into this industry will most likely be personally compelling, not profit driven. The idea of recruiting or wooing them into the industry will not be nearly as effective as inspiring them to make the switch on their own by offering them substantive work that fits in with their value systems.
In Silicon Valley, huge corporations like Facebook, Apple, Google, and Oracle are constantly recruiting. These giant megaliths offer generous compensation and benefit packages and all sorts of perks like shuttle buses to work with Wi-Fi, free lunches, lavish office parties, and of course the cachet of adding a name like “Google” to your resume. But there are downsides to accepting many of these positions. Those downsides are opportunities to capitalize on for smart businesses in the cannabis space.
The cannabis industry is not going to be able to compete by offering more enticing benefits, or more money in the short term, but those things aren’t always the most appealing for a young, highly skilled worker. I believe talented individuals will respond to more qualitative and meaningful perks that the big guys just can’t offer.
A lot of the inspiration for this piece came from previous learning about personal motivation via Dan Pink, in his book Drive: The Surprising Truth About What Motivates Us. I highly recommend it. You can watch an excellent animation about its main principles in this video by RSA Animate.

Meaning
Working in the cannabis industry offers workers a tremendous sense of meaning. Everyday I go to work I know that the device UpToke is designing is going to provide more people greater access to the medicine that improves their quality of life. I am promoting harm reduction and personal freedom through technology. That feels pretty great.
I’m not just creating a digital widget for wealthy people to consume and throw away. I’m not refining someone else’s work on a product that is in its fourth version. I’m not making as much money as I would be if I were locked down in cubicle world. I have less job security and more unexpected chaotic workdays.
But, I regularly get to meet individuals whose stories move me. They fill me with gratitude and a sense of purpose. I know what I am working toward and why. That is a trade-off I am absolutely willing to make and so are thousands of young professionals feeling dispirited by the lack of soul in the old guard of cubicle nation.

Impact
For businesspeople willing to jump in now, the amount of impact they will have on a final product, or a brand image, or the set of regulations in their hometown far outweighs the fingerprint they will leave as part of a giant team within a giant corporation. When you work hard for months on something, its nice to see a direct positive effect result from your determination and focus.
I know the work I put out has the power to change people’s minds. That’s compelling and certainly inspires a more thoughtful work product from me.
There is more responsibility and likely more stress but, in my experience, people are willing to take that on because they deeply want to do a good job and create something solid and real that they can point to. People everywhere desire the approval of their friends and families. They want to produce something their networks will be proud of them for.
Creativity
Almost everyone I come into contact with in my professional life is grateful for, or desirous of, the sense of creative freedom in his or her work. They value the idea of moving in any direction that inspires them. They don’t want to be constrained by entrenched policy or rigid company culture.

“By structuring our companies in such a way as to encourage and embrace creative non-normative thinking, we can beat the big guys.”

Because the cannabis industry is still in its infancy, it offers a tremendous opportunity for individual creative brilliance to emerge. By structuring our companies in such a way as to encourage and embrace creative non-normative thinking, we can beat the big guys.
Larger organizations can’t offer such freedom because of their hierarchal ingrained systems of management. It’s not because they don’t want to. They simply can’t pivot as quickly. They aren’t as nimble as small, new, ventures. Despite an overwhelming amount of research being published about the value add of a creative and passionate workforce, large corporations have been slow to respond.
In San Francisco, we pride ourselves on our innovative thought and disruptive business models. It is a part of what has made our area of the world a juggernaut in the business landscape and a magnet for visionary geniuses. The idea that meaningful, impactful, and creative work will be encouraged and embraced systemically is a huge draw to innovative leaders and highly skilled individuals.

“It is not about competing with the big firms. It’s about cultivating an environment they simply cannot offer.”

If hiring managers and executive teams begin a dialogue with the aim of normalizing the cannabis industry in the minds of the American public, and they offer positions that emphasize meaning, impact, and creativity, top talent will begin to flow into the industry.
It is not about competing with the big firms. It’s about cultivating an environment they simply cannot offer. This atmosphere will inspire a highly skilled workforce to make the leap because it supports multiple facets of an individual’s well-being and personal growth over the long term. It’s not about copying the old. It is about understanding what truly motivates top talent and having the vision to offer that to them.

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