Cannabusiness entrepreneurs’ take over south loop hotel

The marijuana leaves adorning banners and paraphernalia were mostly subtle as men and women in suits, sport coats and dressy jeans  browsed the nearly 200 booths showcasing everything one might need for a legal marijuana business. There’s the investment bankers with cash at the ready.

The custom vault company that’s opened its business beyond pharmacies and banks.

The insurance agency focused on legal pot, the software developers that want to track marijuana from “seed to sale” and the scientists who want to regulate the testing of marijuana products so it’s dispensed as precisely as possible to seriously ill people.

More than 2,000 people descended on the Hilton Chicago in the South Loop for the three-day Marijuana Business Conference and Expo.

And it was a decidedly professional crowd inside the storied hotel that regularly hosts politicians and more mainstream business conferences.

But the marijuana conference this week fit right in.

“It’s a much more serious,” said Alex Thiersch, whose Salveo Capital was among the exhibitors. He described the atmosphere as “button down” and said more “sophisticated” entrepreneurs are getting into the game.

Of course, Illinois isn’t a state that allows for recreational marijuana, and its medical marijuana program is tightly regulated. That was evident in how exhibitors presented their wares.

The many grow lights that promise to help your plants thrive shone over colorful flowers. And the containers to store marijuana displayed jelly beans.

The normalcy surprised Audrey So, who was with her husband representing Illinois Cannabis Research Labs, which has applied to open a lab in Northbrook that would test marijuana and its products.

“It’s your mom and dad,” she said of the people in the crowd. “It’s interesting how legitimate this all is.”

The legal marijuana market is booming, said Chris Walsh, the managing editor of Marijuana Business Daily.

Sales this year are estimated to be $3 billion nationwide, he said, noting a majority of that is from medical marijuana. By 2019, it could be as high as $8 billion, he said.

Walsh said Illinois could be a “huge” market if new conditions are approved.

At a panel about emerging markets, Sara Gullickson, vice president of sales and marketing for MariMed Advisors, said there are opportunities in Illinois and other states.

But Adam Bierman, founder of MedMen, was less optimistic. There are only 2,300 registered patients and a looming expiration date for the pilot program unless a bill allowing for an extension passes the Illinois General Assembly.

It will take the state legalizing taxed and regulated recreational marijuana for the cash to flow, he said.

Illinois is “not really up to create revenue anytime soon,” he said.

Despite some concerns, it was evident at the convention that people aren’t shying away from the industry.

At an “investor pitch slam,” startup companies pitched their product to seasoned marijuana investors.

One man pitched a portable machine that can test marijuana for potency. Another pitched a testing lab.

And one man sought $5.2 million for his Colorado marijuana farm and some of his edible, marijuana-infused products, including a chocolate to “heighten arousal.”

Though real investors heard the spiels, the pitches were a mock exercises to show “cannabusiness entrepreneurs” what to expect and how to do it.

Source:  http://chicago.suntimes.com/business/7/71/623694/marijuana-cannabis-business-entrepreneurs-chicago

CDC Weighs in on Edibles, High-Profile CA Raid + More Lawsuits on Horizon

The Center for Disease Control issues what could prove to be an influential statement on marijuana edibles, a business run by a board member of California’s main cannabis industry association is raided, and lawsuit activity ramps up.

Here’s a closer look at several notable developments in the marijuana industry over the past week.

CDC Weighs In

Another federal agency is wading into the ongoing debate over cannabis industry regulations: the U.S. Center for Disease Control. And with that entrance comes another likely indicator of how future states will regulate edibles companies when it comes to labeling and dosages.

In a statement released this week, the CDC broke down the factors that led to the death of an exchange student who visited Colorado from Wyoming last March, consumed a cookie with 65 milligrams of THC, and subsequently jumped off a hotel balcony to his death.

The CDC didn’t assign blame to anyone in the incident. But it did conclude that the occurrence warrants consideration by regulators in states where marijuana may be made legal in the future, which could lead to the replication of rules that Colorado adopted after the man’s death. It also suggested that edibles companies should be required to pay for more precise warning labels on their products.

The agency lauded Colorado for passing a requirement that edibles products either contain only 10 milligrams apiece, or be clearly labeled with 10 milligram servings.

That position, said two industry consultants, will almost certainly play a role in future laws governing the marijuana trade.

“I would say definitely,” said Matt Karnes, managing partner at GreenWave Advisors. “Regulators are going to look to Colorado as the bellwether, and it’s not just in this regard with edibles, but also with everything else. That would expand to lab testing and what Colorado’s doing on every other type of regulatory oversight.”

Sara Gullickson, a consultant with MariMed Advisors, said proper dosing should be a concern for all edibles companies, whether they’re producing for medical customers or recreational.

“Even good news or bad news is progression. The more people we can have looking at this, then the more quality control we can get for the products,” Gullickson said. “The way that we’re going is everything is getting stricter, and it is an issue that edibles aren’t dosed properly.”

California Raiding

One way in which the cannabis industry is unique: Law enforcement actions against a company often don’t indicate a death knell for the business.

That very well may be the case for Lakisha Jenkins, a board member and former president of the California Cannabis Industry Association (CCIA) who owns three stores, one of which was raided by city police in Merced late last week. The cops claimed that the shop, Kiona’s Farm’acy, was violating a local ban on MMJ dispensaries.

It’s not a dispensary, Jenkins said, but a holistic health center that sells more than 500 herbs, teas and other treatments, along with cannabis. The State Board of Equalization reportedly contacted police on suspicion that Jenkins evaded taxes, a charge she denies, saying the business is exempt from state and federal taxes because it operates as a non-profit.
While a raid in another industry would likely spell doom for a company, many dispensaries and MMJ businesses that have been targeted by law enforcement in this manner eventually reopened, and often charges are not even filed. So Jenkins’ professional reputation might not be in any real danger.

“Some of the biggest, most notable people, from (Harborside Health Center co-founder) Steve DeAngelo on down, have had run-ins, if not arrests or convictions, with the authorities,” said James Slatic, another CCIA board member and the CEO of MedWest, a San Diego extraction company. “It’s like that line from The Godfather, ‘This is the business we have chosen.’ It comes with the slings and arrows with the lack of banking and 280E and everything else.”

Slatic noted that major dispensaries such as Berkeley Patients Group and Harborside have been fighting court battles for years.

Legal disputes between dispensaries and police will persist until California lawmakers pass definitive laws governing the MMJ industry, Jenkins said. Her business operates well within the bounds of state and local laws and should be considered a model for other California companies that sell medical cannabis rather than a public nuisance, she said.

“California needs to get its house in order,” she told Marijuana Business Daily. “Our particular business model is built off the attorney general’s guidelines, and we have an optimal business model according to these guidelines.”

California lawmakers are again trying to craft laws governing the state’s medical marijuana industry. Still, California has tried time and again to pass a regulatory framework for the industry, but has failed year after year. Which means raids like these may not stop any time soon.

So Sue Me

With great success comes…a host of lawsuits?

That’s increasingly the case in states that implement medical marijuana programs these days, with more companies filing – or threatening to file – suit over the application process.

That’s been the case in Massachusetts, Illinois and Nevada, where multiple suits were filed after license winners were announced. Some companies argued that the licensing process was corrupt or unfair, or that their applications weren’t properly considered, and so on.

Even in Florida, which hasn’t even legalized a full regular MMJ system, there seem to be indicators that legal action may be forthcoming once the state announces the winners of its five CBD licenses.

Observers expect the same outcome in New York, which is expected to announce its five licensees today.

And this week, a Nevada dispensary went on record saying that it’s considering filing suit against Clark County because regulators have allegedly been stalling its opening – highlighting the increasingly litigious nature of the industry in general.

There are some common threads in states that have seen these lawsuits: there are only a limited number of business permits available, there’s a good amount of competition for the licenses, and a lot of money is spent preparing in the application phase.

As the industry grows and starts to resemble traditional sectors, lawsuits will certainly become even more common.

Source: http://mjbizdaily.com/week-in-review-cdc-weighs-in-on-edibles-high-profile-ca-raid-more-lawsuits-on-horizon/

Program encourages women to get involved in marijuana production

It’s one of the fastest growing industries in the nation, legal and medical marijuana. According to one report sales of weed are on track to top $3 billion nationwide this year. Now there is a seminar teaching women how to break into the industry. It’s an industry that is dominated by men and continues to expand.

Four states and Washington D.C. have legalized recreational marijuana so far, and half the country allows medical marijuana. Many budding entrepreneurs think now is the time to nab a piece of the pot pie, they’ve started a program to get more women started in the business. “I’ve met people that are basically doing every kind of business, it’s just gearing that business toward marijuana,” said Lisa Francine Carter. Lisa Francine is one of about 100 attendees at the Women Grow Networking event.

She’s at the event to learn more about the cannabis industry, in which men account for 85% of the power players. “Women account for 80% of household purchases, and 85% of healthcare decisions, so Women Grow felt like the feminine touch was left out of the industry a bit,” said Sara Gullickson. The events provide both men and women with connections in the industry. “It’s a safe place for people involved in the industry to go and share ideas about the cannabis industry,” said Gullickson.

Right now there are only 126 facilities in Arizona that cultivate and sell medical marijuana. “Here there’s like a huge opportunity for growth because it’s a small amount of dispensaries covering a large population,” said Carter. The trajectory for the cannabis industry is on the upswing, and many are seeing green, hoping to capitalize on the industry which is in its infancy in Arizona. “There’s no doubt this business is going to keep booming and why not get in while it’s a small group of people,” she said.

 

Source: http://www.fox10phoenix.com/story/29516905/2015/07/10/program-encourages-women-to-get-involved-in-marijuana-production

FOX 10 News | fox10phoenix.com PHOENIX (KSAZ)

Marimed’s Gullickson to speak at cannabis world congress & business expo – NYC, June 18

NEW YORK and BOSTONJune 9, 2015 /PRNewswire/ — Sara Gullickson, VP of Sales & Marketing, MariMed Advisors (a subsidiary of Worlds Online) (OTCQB: WORX), will be a featured speaker at The Cannabis World Congress & Business Exposition 2015 that runs from June 17-19 at the Javits Center in NYC.  Capitalizing on her national experience delivering the highest quality, most comprehensive blueprint for success from application to operation and beyond, Gullickson will discuss “Brand Expansion: Industry Growth Potential & Using Compliance as Your Competitive Advantage” on June 18th 3:30PM – 4:10PM.  She will share insights on how to grow your brand keeping industry barriers in mind while utilizing regulatory compliance as your secret weapon to blow your competitors out of the water.

“I see so many companies using the ‘shotgun approach’ without any real strategy behind it, as well as outside entrepreneurs trying to play in the space without fully understanding the industry idiosyncrasies,” observed Gullickson.  “I believe the compliance regulations create opportunities for the people that have pioneered this industry and for those who have taken the time to truly understand the legal landscape.  Taking a tactical strategic approach, facility operators can not only leverage compliance to their advantage but use it to elevate the industry as a whole.”

Gullickson, the co-chair of Women Grow-Phoenix Chapter and also Executive Director of MariMed subsidiary DispensaryPermits.com, has more than five years of experience as a leader in the medical marijuana (MMJ) industry and nearly a decade of experience strategizing and executing online and traditional marketing campaigns for the health, beauty, medical, dental, fitness and spa industries.  She has successfully launched dozens of successful campaigns in multiple markets nationally, assisting clients from the initial license application process all the way through business operations best practices, expansion and beyond.

Gullickson has worked closely with the MariMed team members to integrate their knowledge, experience and best practices across all areas into the new Thrive® 3-tier turnkey dispensary franchise solution with proven formulas for all dispensary deliverables from pre-permit, post permit to already in operation. It is designed to help cannabis dispensary clients flourish while elevating the industry standard for culture, compliance, customer, community & care.

About MariMed Advisors/DispensaryPermits.com:
MariMed Advisors provides total solutions for the design, development, operation, funding and optimization of medical cannabis cultivation centers and dispensaries.  The MariMed team developed the highly regarded, state of the art and regulatory compliant, Thomas C. Slater Compassionate Center in Rhode Island, which serves as replicable and scalable model of excellence. It merges commercial horticultural principles with proven cannabis production techniques. With its affiliate, DispensaryPermits.com, MariMed has secured both award winning license applications and market shares for its clients in eight states, creating one of the best track records in the industry. MariMed provides turnkey management, funding, staffing and personnel training, implementing best practices in the industry.  It is on the forefront of medical research working with physicians and scientists to create precision dosing to treat specific conditions.
Read more at http://www.stockhouse.com/news/press-releases/2015/06/09/marimed-s-gullickson-to-speak-at-cannabis-world-congress-business-expo-nyc-june#tRzgf3ICEvGIDE8f.99

 

Source: http://www.stockhouse.com/news/press-releases/2015/06/09/marimed-s-gullickson-to-speak-at-cannabis-world-congress-business-expo-nyc-june

Prominent edibles company’s expansion highlights evolution of cannabis industry

One of the largest and most prominent infused products manufacturers in the cannabis industry is expanding beyond its home base of Colorado, becoming the latest marijuana company to serve multiple states.

Denver-based Dixie Brands will enter California – the biggest medical marijuana market in the country – on July 1, when its products will appear on dispensary shelves in the San Francisco area via a licensing deal with a local company. It plans to enter Los Angeles and San Diego several weeks later and expand to several additional states in the second half of the year, the company told Marijuana Business Daily.

“It’s going to be a massive market for us,” said Joe Hodas, chief marketing officer at Dixie, adding that California could surpass Colorado for the company in terms of sales.

Dixie is far from the first edibles company to spread across state lines: Several – including Bhang Chocolate, EdiPure, Mary’s Medicinals and G Farma Labs – have cemented partnerships and licensing deals in more than one state, bringing in added revenue and spread their brand names across the country. Bhang is even available in Holland.

But Dixie is one of the most well-known infused products companies to go this route, and its expansion further underscores how the industry is evolving and maturing.

“These types of groups that are (expanding aggressively) are the ones that are fartherhttp://saragullickson.com/wp-admin/edit.php?post_type=press ahead than others,” said Zeta Ceti, owner of Green Rush Consulting in Oakland, California. “Being able to expand across the country and being able to have your brand in multiple states across multiple platforms, when it does become legal on a federal level, this is huge for them. It’s massive for them.”

And it’s not just edibles companies setting their sights on multiple states.

Ancillary firms have been building national brands for years, as they aren’t hampered by the same legal issues facing cannabis-touching firms. Now, dispensaries are also finding ways to expand, with owners competing for licenses in new MMJ states or taking on ownership stakes in companies competing for permits.

Sara Gullickson, a consultant with MariMed Advisors in Arizona, said it’s a natural evolution of the industry. She predicted that in another five years, there won’t be many lone operators left in the major markets. Instead, most stores and brands will be part of larger companies.
“I don’t think it’ll all go away, but we’ll see a lot less ma-and-pa shops,” Gullickson said. “At the end of the day, it’s power in numbers.”

That’s one of the reasons Dixie has been planning on expanding for years. The company is finally taking the leap because it eventually found the right partners in a new startup called Indus Holdings, which also owns another California-based edibles company called Altai.

“California is not a market that we originally were aggressively looking at, but… the partner is often more important than the market,” Hodas said. “This is part and parcel of our overall expansion plan.”

Dixie’s expansion plans were delayed by several factors. Aside from contract negotiations, finding the right real estate, insurance, manufacturing facilities and equipment bogged down the process, Hodas said.

The licensing deal with Indus was finalized six months ago, and Dixie provided the California company with nearly everything it needed (minus the THC) to produce the same products Dixie markets in Colorado.

By the end of the year, Dixie hopes to add another two to four states to the list of markets where it has licensing partners. The company is looking specifically at Washington State and Arizona, Hodas said.

Indus has the same ambition: CEO Robert Weakley said the company plans on building up Altai’s brand of edibles alongside Dixie, and is open to similar distribution and manufacturing agreements with other marijuana businesses. That even includes other possible products outside of edibles, such as extracts or concentrates, he said.

“Our facility is state of the art, and definitely has the capacity to grow and build,” Weakley said.

With Indus’s sales team and distribution network, Weakley said the company will likely have Dixie products available in several hundred California dispensaries by the end of the year.

Source: http://mjbizdaily.com/prominent-edibles-company-expanding-new-states-highlighting-cannabis-industrys-evolution/

Medical Marijuana to battle black market for customers in Illinois

Illinois Senate passes marijuana decriminalization bill but plans changes

When retailers open state-approved medical marijuana shops in Illinois later this year, they will face a distinct disadvantage in luring prospective patients across their thresholds: Marijuana will always be cheaper on the black market.

So what incentives might entice those patients?

Think cannabis-infused premium chocolate. Well-lit display cases that showcase buds as if they were jewelry. Informed employees who can guide each patient to the best strain for their needs.

Dispensary owners in Illinois are thinking, too, about Tupperware-style education parties, spa-like interior design and good old-fashioned customer service — all ways to beat out their fiercest competitors: underground dealers.

As the state’s pilot program lurches to life with the first marijuana expected to be sold in the fall, businesses are studying the strategies of veteran players in Colorado, Washington and California during site visits and trade shows.

Patient numbers have been low, with only 2,300 people gaining state approval so far. Some have complained about the fingerprint requirement to get a patient card, and others have said they’d rather stick with dealers who may also be their friends.

How to lure the latter away from the black market is on the mind of Gorgi Naumovski, whose company, KPG, holds permits to open dispensaries in the southern Illinois cities of Anna and Harrisburg.

“When they buy marijuana on the black market, it’s not tested, they don’t know where it’s coming from,” Naumovski said. “When they come to a dispensary, it’s gone through a process. It’s been tested, it’s been certified. They know what they’re getting.”

There may be a menu of strains, he said, with different potencies and balances of CBD, the component said to give marijuana its medicinal properties, and THC, the psychoactive ingredient that makes people feel high.

“Is this going to put me on the couch, or help me clean the house?” Aaron Varney, co-director of Dockside Cannabis in Washington state, said in paraphrasing what a customer might want to know.

Most Americans prefer to buy marijuana from legal sources, said George Jage, president of Marijuana Business Media, which sponsored a trade show in Chicago that closed Thursday. It drew 2,100 attendees from 42 states, including 259 people from Illinois.

“Last year was also the year that marijuana went mainstream in America with it becoming more socially acceptable and increasingly more available to many Americans,” Jage said.

California attendee Tom Hymes agreed. “I’m a family man. I’m a normal person,” Hymes said. “It was thrilling for me to get my medical marijuana card…. I think there’s a natural incentive for people to go that route. What will inhibit that is making it an unpleasant or unwelcoming experience.

“And the price.”

While black-market prices vary widely and are hard to track, experts at the trade show pointed to a crowd-sourcing website that collects anonymously reported prices as the best general estimates. According to the site, high-quality marijuana sells on the Illinois black market for about $350 per ounce. Legal dispensaries must charge more to cover overhead and a 7 percent privilege tax assessed on commercial growers and passed along to retailers.

In Michigan, where black-market pot sells for $250 to $300 an ounce, medical marijuana retailers are charging $300 to $350 an ounce.

Dispensaries should charge more, otherwise they’ll risk their customers reselling the product on the black market, according to Patricia Rossi of Wellness Connection of Maine, that state’s largest medical marijuana group. That’s what happened to her.

“We started having a strong suspicion that what we viewed as a compassionate pricing strategy was actually feeding diversion on the black market,” Rossi said during a panel discussion at the Chicago trade show.

Varney, during the same panel, said he’s started hosting Tupperware-style parties in his stores to appeal to customers who want to learn more about the products with friends after work. Recreational marijuana is legal in Washington state.

Dispensaries may want to provide an ATM for customer convenience — credit card companies won’t deal with marijuana dispensaries, forcing retailers to be cash-only, industry experts said.

“People expect to be able to use a credit card or debit card. But because of the ecosystem that exists right now, it’s not a possibility,” said Isaac Wechter of Chicago-based Sky Processing, which has ATMs in 70 medical marijuana dispensaries across the nation. “I don’t think it’s easier, but it’s legal. It’s a heck of a lot more convenient than going to jail.”

Interior design is also important. Naumovski’s company is contracting with Massachusetts-based MariMed Advisors to use their dispensary model Thrive, marketed as “a high-end dispensary experience.”

“It’s going to be welcoming. It’s going to be secure,” Naumovski said. Patients will “see a spa-like setting where they’re going to be welcomed and not rushed to buy.”

 

Source: http://www.chicagotribune.com/news/nationworld/ct-illinois-pot-black-market-20150523-story.html

Marimed’s Sara Gullickson to speak at marijuana business conference & expo may 20

 

Topic: Tapping Big New Medical Marijuana Markets: NV, IL and NY

PHOENIX, AZ and CHICAGO, IL and BOSTON, MA–(Marketwired – Mar 25, 2015) – Sara Gullickson, VP of Marketing for MariMed Advisors (a subsidiary of Worlds Online) (OTCQB:WORX) will be a panelist at the Marijuana Business Conference & Expo in Chicago. Gullickson and three others industry experts will discuss “Tapping Big New MMJ Markets: Nevada, Illinois and New York” at 3:00 p.m. on the opening day of the conference, Wednesday, May 20, 2015, at the Hilton Chicago Conference Center.
Gullickson, the co-chair of Women Grow-Phoenix Chapter and also Executive Director of MariMed subsidiary DispensaryPermits.com, has four years of experience as a leader in the medical marijuana (MMJ) industry and nearly a decade of experience strategizing and executing online and traditional marketing campaigns for the health, beauty, medical, dental, fitness and spa industries. She has successfully assisted medical marijuana clients in eight states, including Ill., Nev., and N.Y., through the medical marijuana license application process, laying out every aspect of their business strategy from identifying locations all the way through developing product and tracking customer results.
“Every state forms their medical marijuana processes differently and entrepreneurs often get bogged down in the regulations and red tape,” noted Gullickson. “Having experience with dispensary and cultivation centers across multiple states, we have developed strategies, procedures and protocols that have been proven to work and are replicable. I’m looking forward to sharing our insights on tapping the new markets in New York, Nevada and Illinois to create efficient, productive and healthy businesses that will provide safe, high quality medical cannabis products to patients who need them.”
Visit MariMed Advisors at Booth # D311 at Marijuana Business Daily’s Marijuana Business Conference and Expo, May 19-21, Hilton, Expo Center, Chicago. 
About MariMed Advisors/DispensaryPermits.com:
MariMed Advisors provides total solutions for the design, development, operation, funding and optimization of medical cannabis cultivation centers and dispensaries. The MariMed team developed the highly regarded, state of the art and regulatory compliant, Thomas C. Slater Compassionate Center in Rhode Island, which serves as replicable and scalable model of excellence. It merges commercial horticultural principles with proven cannabis production techniques. With its affiliate, DispensaryPermits.com, MariMed has secured both award winning license applications and market shares for its clients in eight states, creating one of the best track records in the industry. MariMed provides turn‐key management, funding, staffing and personnel training, implementing best practices in the industry. It is on the forefront of medical research working with physicians and scientists to create precision dosing to treat specific conditions.
Source: http://www.marketwired.com/press-release/marimeds-sara-gullickson-to-speak-at-marijuana-business-conference-expo-may-20-otcqb-worx-2003452.htm

Dispensary slated for Southwestern New Hampshire

A medical marijuana treatment center is slated to come to the southwestern part of New Hampshire, but details on when it could be here are still scarce.

As the N.H. Department of Health and Human Services considers 14 applications to establish four treatment centers across the state, the agency has prioritized a dispensary for Cheshire and Sullivan counties, because of a concern that vendors might not otherwise come to the area, according to Eric D. Borrin, director of contracts and procurement at the department.

State regulations were tweaked to incentivize treatment centers to come to the western part of the state, including a rule that will allow the company that builds a dispensary in this area to also build one in a more populated region of the state, Borrin said.

The four dispensaries in New Hampshire will be in the northern, central, east and western regions.

For medical marijuana advocates and patients who could benefit, the dispensaries are a long time coming in New Hampshire. The state has been the slowest in New England to pass medical marijuana legislation, and still has not passed a provision for home-grow. Connecticut and New Hampshire are the only states in New England that don’t allow qualifying patients to grow their own plants.

Some advocates think even though dispensaries are coming, they won’t do enough to address the need.

“New Hampshire has by far the most draconian marijuana laws in New England and the least friendly medical marijuana law,” said Matthew Simon, New England director for national advocacy group the Marijuana Policy Project.

And Simon said he’s worried that the $80,000 annual fee the state asks dispensaries to pay will translate to high costs for patients.

“There’s just no guarantee that dispensaries can sell cannabis to these patients at reasonable prices,” he said, adding he believes some patients may still try to buy marijuana illegally instead of paying higher costs at dispensaries.

The fee is so high because the department had no funding to start the state’s medical marijuana program and needs enough to make the program self-sustaining, according to the program’s rules coordinator, Michael Holt.

Sara Gullickson, vice president of sales for national medical marijuana consulting group MariMed Advisors said the high price is a difficult thing to contend with, but she believes that in New Hampshire, it’s necessary.

“It’s a stressor for the government agency as well,” she said. “If that’s what they have to do … it’s not that I agree with it, but I also don’t disagree with it.”

Gullickson’s company is working with vendors who want to open dispensaries in New Hampshire, but she declined to name them or say how many MariMed is working with.

Potential dispensaries already have a long list of rules to follow from the state human services department. Dispensaries will have to cultivate hundreds of their own marijuana plants on site, sometimes growing five or more strains tailored to different kinds of ailments.

Gullickson said her group is committed to making sure dispensaries “really turn it into a medical experience” for patients. Many treatment centers would have a doctor on their boards of directors and have spaces in the center for patients to discuss private medical conditions with staff.

The centers will treat patients with conditions including cancer, glaucoma, multiple sclerosis, Crohn’s disease, severe pain or traumatic brain injury. Bills from the state Legislature may add more conditions to the list.

State Rep. Larry Phillips, D-Keene, says he supports the direction New Hampshire is taking with medical marijuana in dispensaries, although he thinks it’s been slow to get here.

“Definitely,” he said, when asked if he thinks the state has lagged in passing legislation for medical pot. “I think a lot of people could be using it.”

Phillips is one of those people who could benefit from medical marijuana; he has multiple sclerosis.

Though Phillips is sponsoring a House bill to study legalizing recreational marijuana, he does not support the idea of home-grow.

“My gut reaction is that when you allow it to be grown, then it opens it up beyond strictly medical use,” he said.

Simon thinks otherwise.

“A lot of people have a really hard time understanding why it’s still a felony to grow a couple of plants,” he said.

The other sticking point that politicians and medical marijuana advocates agree on has to do with money.

Even though marijuana is legalized for medical and recreational use in various states, possessing it is still considered a crime under federal law. That’s a problem when dispensaries want to deposit their money in a bank. Federal regulations make it difficult, and many banks shy away from the marijuana industry.

That leaves many dispensaries dealing with a cash-only business, according to Gullickson.

The New York Times recently released a short documentary on Colorado’s recreational pot industry, where growers have to transport bags of cash to secure, undisclosed locations in lieu of a bank.

“Some (banks) are willing to take that money and some are not,” she said, adding that her organization and others are lobbying for the federal government to change the law, for the safety of those in the industry.

Attempts to contact two local police chiefs to discuss potential law enforcement issues of an area dispensary were unsuccessful.

Holt says state officials are aware of the money issue, but there’s not much in New Hampshire’s law that addresses it.

But despite that, now that New Hampshire’s medical marijuana law has been passed, Holt believes the process of setting up the dispensaries is taking time, but going well.

“We’ve met those goals on time and earlier, in fact, for some of those items,” he said, referring to the timeline for getting the dispensaries up and running. “We’re as invested in this being a successful program as anyone else.”

Source: http://www.sentinelsource.com/news/local/dispensary-slated-for-southwestern-new-hampshire/article_ab6fa741-1d98-5d85-a824-a58e7f2162db.html

WEEDSDAY WEDNESDAY-A LIVE CANNABIS RADIO SHOW-WOMEN GROW!

Welcome to Weedsday Wednesday! Everything you ever wanted to know about medical cannabis! Join us as we talk with Sara Gullickson from Women Grow, 1 of a 3 part mini series! Call or blog and join us as we chat live!!!! Cannabis Interviews, strain reviews, product reviews, news and information about anything and everything medical marijuana related in Tucson, Arizona and the world at large! Get up to date, live information about what’s happening with all of the marijuana laws of our state, the dispensary process, clubs, education centers and everything happening in our exciting little trail dust town!

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COSTS ADDING UP FOR MEDICAL MARIJUANA ENTREPRENEURS

In the world of medical marijuana entrepreneurs in Illinois, there’s plenty of green behind the grass. Hundreds of would-be medical marijuana growers and sellers have put millions of dollars on the line hoping for coveted state permits that were supposed to issued by former Gov. Pat Quinn by the end of last year. To snag those valuable permits, the entrepreneurs hired consultants, lawyers and lobbyists. They’re already paying rent, in some cases, or have money tied up in options to buy property. And now, they wait. And with millions of dollars on the line, waiting can get expensive. The state’s medical marijuana program — and the status of the coveted 21 medical marijuana farming licenses and 60 dispensaries licenses — depends on the decision of one man: Illinois’ new Gov. Bruce Rauner. Nobody is sure what he’s going to do, and Rauner has given few hints. A spokesman, Lance Trover, said in a statement: Rauner “has serious concerns about the law and how licenses were chosen. However, he is committed to a quick and thorough review of the program, in the hopes of bringing clarity to the many concerned families across the state.” The new governor has said among his chief concerns are the clouted people that may be awarded licenses. Politically, issuing the licenses may not appeal to the anti-drug element of his party. Still, some Republicans have come out in favor of the program, hoping for jobs in their rural communities. Even some La Salle Street bankers have shown an interest in cashing in on the legal marijuana business. In October, U.S. Attorney Zach Fardon was quizzed by finance attorney Richard Demarest Yant, who wanted to know if Chicago banks have the all-clear to accept funds from legal marijuana businesses. Applicants are so fearful of offending Rauner that they are reluctant to go on the record about their concerns, but chief among them is the rising tide of costs with nothing to show for it. ‘The longer it takes, the more money they’re having to burn through without any guarantee they’re going to get a permit or see a return on their investment,” said Kris Krane, a managing partner of 4Front Advisors, a marijuana consulting firm. Krane, who is working with several applicants in Illinois, declined to speak about specific applicants. But one of the people Krane works with is strip club and trucking firm owner Perry Mandera, who hopes to grow and sell medical marijuana in Chicago. Mandera has said he’s invested $10 million just into the cultivation center on the city’s Southeast Side. Even for smaller players, the costs add up, records show. For example, Organic Leaf Medical Dispensaries, which seeks to open a dispensary in the Ukrainian Village neighborhood, had by November shelled out nearly $300,000 to lawyers, lobbyists, consultants and an architect, according to City of Chicago records obtained through the Freedom of Information Act. That doesn’t include application fees. It cost applicants a non-refundable $25,000 fee to apply for a cultivation center licenses and non-refundable $5,000 fee for a dispensary license. So far, the state’s collected $5 million in fees from the more than 350 applications submitted. An owner of Organic Leaf, Iman Bambooyani, said the group is paying rent and utilities at their proposed site at 744 N. Damen. The group also applied for three other dispensary licenses, Bambooyani said. “I’m just hoping for the best,” he said. Other applicants have said they have options to rent or buy properties contingent on getting the state license. And when those expire, applicants have to re-up and pay up or lose the carefully selected property, some said. “These businesses have put in a tremendous amount of investment just to get to the point of applying for licenses, and when the process breaks down like this, that leaves them stuck with the bill and nothing to show for it,” said Taylor West, deputy director of the National Cannabis Industry Association. On average, marijuana entrepreneurs spent at least $100,000 just on the application process, said Sara Gullickson, vice president of sales for MariMed Advisors, a medical marijuana consulting firm working with applicants in Illinois.

“Everybody is pretty concerned,” Gullickson said. “They’ve spent a lot of time, money and resources on these applications.”

Those costs will eventually fall on patients, said Rep. Lou Lang, the Skokie Democrat who sponsored the medical marijuana legislation. “All of that may add to the price [of the marijuana] when the patients buy it,” Lang said. “Businessmen don’t want to lose money. It’s not good for patients for this to extend much longer.” Lang said members of the Rauner administration have met with Quinn holdovers to discuss the program. For now, Rauner is keeping Bob Morgan, the state’s medical marijuana czar, on board. “Far be it from me to offer the new governor political advice, but if he asked, I would tell him it’s in the best political interest to just move the process along,” Lang said. “These are very sick people that need this product.” Industry insiders say patients will continue to suffer until the issue is resolved. “It is absurd that a program that was approved and began to be designed more than a year ago and should be right now providing serious relief for critically ill patients is instead hung up in some kind of bureaucratic or political wrangling,” West said. It cost applicants a non-refundable $25,000 fee to apply for a cultivation center licenses and non-refundable $5,000 fee for a dispensary license. So far, the state’s collected $5 million in fees from the more than 350 applications submitted. An owner of Organic Leaf, Iman Bambooyani, said the group is paying rent and utilities at their proposed site at 744 N. Damen. The group also applied for three other dispensary licenses, Bambooyani said. “I’m just hoping for the best,” he said. Other applicants have said they have options to rent or buy properties contingent on getting the state license. And when those expire, applicants have to re-up and pay up or lose the carefully selected property, some said. “These businesses have put in a tremendous amount of investment just to get to the point of applying for licenses, and when the process breaks down like this, that leaves them stuck with the bill and nothing to show for it,” said Taylor West, deputy director of the National Cannabis Industry Association. On average, marijuana entrepreneurs spent at least $100,000 just on the application process, said Sara Gullickson, vice president of sales for MariMed Advisors, a medical marijuana consulting firm working with applicants in Illinois. “Everybody is pretty concerned,” Gullickson said. “They’ve spent a lot of time, money and resources on these applications.” Those costs will eventually fall on patients, said Rep. Lou Lang, the Skokie Democrat who sponsored the medical marijuana legislation. “All of that may add to the price [of the marijuana] when the patients buy it,” Lang said. “Businessmen don’t want to lose money. It’s not good for patients for this to extend much longer.” Lang said members of the Rauner administration have met with Quinn holdovers to discuss the program. For now, Rauner is keeping Bob Morgan, the state’s medical marijuana czar, on board. “Far be it from me to offer the new governor political advice, but if he asked, I would tell him it’s in the best political interest to just move the process along,” Lang said. “These are very sick people that need this product.” Industry insiders say patients will continue to suffer until the issue is resolved. “It is absurd that a program that was approved and began to be designed more than a year ago and should be right now providing serious relief for critically ill patients is instead hung up in some kind of bureaucratic or political wrangling,” West said. Contributing: Kim Janssen