Marijuana Business Magazine September 2019

Marijuana Business Magazine | September 2019 156 – Michael Steinmetz CEO of California marijuana company Flow Kana, on his company’s for-profit, co-op model. We don’t see large-scale cannabis as the future of cannabis. Our model proves you can do craft at scale. We see the model as aggregating all of these small farmers to collectively bring massive amounts of craft cannabis to the market. Source: Marijuana Business Daily Everyone in Canada really wants a piece of the California pie, and they’re dumping money into this space—not thinking of the economics of the market— and kind of ruining it. – Vincent Ning CEO of San Francisco-based marijuana distributor Nabis, on the growing number of business deals Canadian cannabis companies are doing in California. Source: Marijuana Business Daily International What I have found is, if you are keeping the agency in the loop as you make decisions and move forward with transactions, you can get guidance and approvals instead of the wrath of these agencies. Most highly regulated industries have their casualties, but medical marijuana is especially susceptible to fines and forfeitures for entities that violate the regulations. – Judith Cassel Medical marijuana-focused attorney for Pennsylvania law firm Hawke McKeon & Sniscak, on the benefits of MMJ companies building good relationships with their state regulators and abiding by their rules. Source: Marijuana Business Daily Notable Quotes | Insightful Industry Observations