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Cannabis Sustainability Leaders Paving the Way – But More Work Needs to be Done

We have a few people in this industry that are making sustainability a focal point in their business model. Initially, on the outside it may look like it’s more difficult than easy for your business to operate. As we can see that is far from reality. The more your operations or business model focuses on sustainability in conjunction with quality the better you will be prepared to deal with challenges in the market. This article was originally published in the Cannabis Business Executive  on 

Wglobal_sustainability-green-integration-300x199ith the cannabis sector expected to grow to a $21.8 billion industry by 2020, and projected exponential expansion of the legal adult-use marijuana market into 17 additional states this year, sustainability is arguably the biggest opportunity and challenge for the burgeoning marijuana sector. As a newly emerging market, the cannabis industry often gets labeled an energy hog, but it is uniquely positioned to guide its own growth trajectory and weave sustainable standards and practices into the fabric of the business from the very beginning.

Laura Rivero, operations manager at Oregon cultivator Yerba Buena, believes that there are a select few sustainability leaders paving the way, but there’s a lot of work to be done on behalf of the industry as a whole. “The most sustainable practices have not been implemented across the board,” she said. “So many companies either don’t understand how to enhance their sustainability, or they don’t have the means or the resources to do so. Every aspect of the business can be more sustainable, from transportation, pest management, product packaging, and even how water is treated and used. This is not to say that there aren’t a number of beautiful, utopian farms that are doing things sustainably, but unfortunately that is not the whole picture.”

Possibly the greatest challenge facing the sustainability movement is the rate of industry expansion. Amy Andrle, co-owner of Denver dispensary and cultivation L’Eagle Services noted, “Unfortunately, this is an industry where cutting corners can offer much needed profit margins. But insecticides, herbicides and fungicides all affect the final product.” Andrle noted that resource use, methods of cultivation, and approaches to sustainability shift from market to market; the approach in one state cannot be the same as the route taken in another, due to climate, environment, resources and other agricultural inputs.

“Oregon for example, has done an impressive job with protecting its market from pesticides – it was the first state to require testing for these dangerous compounds,” Rivero said. “It’s incredibly unsafe to be smoking pesticides or other residual solvents. That’s why having regulations and standards are so important for health and safety, as well as sustainability. When Oregon first launched its protections, the outcry from growers claiming that cannabis cannot be grown without pesticides was alarming. While pesticide testing may seem like a challenge for many, for Oregon this weeds out the poor growers from the beginning.”

Andrle described L’Eagle’s approach to setting their own measure of sustainability in Colorado: “L’Eagle  goes way beyond the state’s testing requirements. We conduct our own testing of each strain. Quality and purity extend beyond the cannabis flower and into every aspect of production. When you do extractions, you’re essentially concentrating any pesticides and residual inputs that remain on the plant. The extractions that are coming out of heavy pesticide-using grows are not safe, and no one has fully determined the side effects. We have to be ahead of the sustainability curve at all times for our customers.”

There are ample opportunities for businesses to enhance their sustainability practices. Rivero suggests, “It is important to choose your key people carefully and ensure they share your ethical and moral views. Corporate social responsibility is imperative to establishing the cannabis industry as an exemplary sector of legitimate business.”

It is also essential to aim to reduce waste and offset the environmental impact of the cultivation process – for instance, developing a strategic waste reduction plan and implementing safe disposal practices.

Both Andrle and Rivero believe that sustainability is of high importance for the entire cannabis industry. In looking to the future, ‎Rivero believes there is a possibility to create the most innovative and sustainable industry to date.“We have the chance to design everything from the inside out. The decisions we make as individual companies affect the legitimacy and reputation of this industry as a whole. Why not make it a global leader in sustainability and ethical practices? We can.”

Both Rivero and Andrle will join other cannabis sustainability leaders to discuss best practices and the outlook for the industry at the 2nd annual Cannabis Sustainability Symposium  in Denver on October 17-18. TheSymposiumis hosted by the Cannabis Certification Council with in-kind support from Denver Environmental Health.

“THE LIFE SHE DESERVES: MEDICAL MARIJUANA IN THE UNITED STATES”

The Brookings Institution recently published “The Life She Deserves,” a new documentary short film that is an intimate portrait of Jennifer Collins and her family’s struggle to find a treatment to control her debilitating epilepsy and their fight to change medical marijuana laws.

About The Brookings Institution: It is a nonprofit public policy organization based in Washington, DC. Their mission is to conduct in-depth research that leads to new ideas for solving problems facing society at the local, national and global level.

About the Film:  “The Life She Deserves: Medical Marijuana in the United States” is a new documentary short film from Brookings that provides an intimate portrait of Jennifer Collins and her family’s struggle to find a treatment to control her debilitating epilepsy. Because her legal pharmaceutical treatments cause severe side effects, Jennifer and her mother move across the country to Colorado to access medical marijuana. The therapy provides Jennifer and her family with the relief they once feared was unobtainable, but they are now faced with the stigma and legal uncertainty that surround the use of medical cannabis.

Southern Company Sells Off 1/3 Stake In Solar Portfolio to Global Atlantic. Why is this important for your business?

As solar and wind continues to become mainstream power sources, conservative investors are increasingly buying in, particularly in portfolios of existing projects which offer stable cash flows.

This morning Southern Power, the generation subsidiary of power giant Southern Company announced that Global Atlantic Financial Group has agreed to buy a 1/3 stake in its portfolio of 26 operating solar facilities, which total 1.7 GW of capacity.

Southern Power’s website lists 28 PV plants with a total of 1.78 GW of capacity, and the difference in number of projects and capacity between this site and Southern Company’s press release was not clear at press time. These plants span California, Georgia, Nevada, New Mexico, North Carolina and Texas, however the largest number of projects and capacities are in California and Georgia.

As a provider of retirement products and insurance, Global Atlantic Financial Group is a good representation of risk-averse capital. The deal also comes a day after Québec’s CDPQ announced that it would take a majority stake in Invenergy’s renewable energy business, including hundreds of megawatts of solar projects in development or under construction in the United States.

And while both investments are more low-risk than putting money into technology companies, Global Atlantic’s purchase is even more so. Southern’s solar projects are already operating, and hold long-term contracts to sell their power. Additionally, Global Atlantic is only buying a 1/3 stake, not majority ownership.

Recent portfolios of residential solar power got the industries first AA bond rating.

Southern Power notes that it will act as the general partner in the cooperation and maintain overall operational responsibilities for the projects.

We look forward to working alongside Global Atlantic as we continue our work to provide clean, safe, reliable and affordable wholesale energy to our customers across the United States,” notes Southern Power President and CEO Mark Lantrip.

This article was originally published in PV Magazine on   by 

Members of Congress Join Cannabis Business Leaders at Nation’s Capitol to Advocate for Federal Marijuana Policy Reform

Cannabis industry conducting national lobbying this week to advocate for state-regulated cannabis programs and equitable treatment for legal businesses

Washington, D.C. – On Wednesday, cannabis business leaders with the National Cannabis Industry Association (NCIA) joined members of Congress at the U.S. Capitol to draw attention to the success of regulated legal cannabis programs around the country and to advocate for policy reforms to protect the legal industry.

Lawmakers including Representatives Earl Blumenauer (D-OR), Diana DeGette (D-CO), Matthew Gaetz (R-FL), Barbara Lee (D-CA), Eleanor Holmes Norton (D-DC), Lou Correa (D-CA), Ruben Gallego (D-AZ), and Jared Polis (D-CO) voiced their support for preventing the federal government from prosecuting businesses operating in compliance with state laws, as well as current legislative efforts to open access to financial services, create parity in the tax code for legal cannabis businesses, end racial disparity in marijuana enforcement, and expand access to medical cannabis for our nation’s veterans.

This event coincides with NCIA’s 8th Annual Lobby Days, during which more than 200 cannabis industry leaders representing 23 states and the District of Columbia met with hundreds of congressional offices to discuss the success of legal cannabis programs and promote policies that will end governmental discrimination against their industry.

“The states have already proven that replacing the criminal marijuana markets with tightly-regulated and transparent small businesses is working,” said Aaron Smith, executive director of the National Cannabis Industry Association. “Now the responsibility falls on Congress to reform federal laws so that the legal cannabis industry can be treated fairly, like any other legitimate business sector in the U.S.”

Also on Wednesday, NCIA is releasing a new report analyzing the progress made in states where cannabis is legal for medical and adult use. The report provides a detailed look at the economic and social impact of legal cannabis programs, success in reducing access for minors, ways to address continuing racial disparity in marijuana enforcement as well as access to legal business opportunities, and the need for fairness in banking and tax policy.

The full report is available at https://thecannabisindustry.org/2018StateProgressReport.

To arrange interviews with Cannabis Industry Lobby Days participants or NCIA staff, please contactcommunications@thecannabisindustry.org.

FOR IMMEDIATE RELEASE
Wednesday, May 23, 2018

CONTACT:
Morgan Fox, Media Relations Director
216-334-9564, Communications@TheCannabisIndustry.org

Members of Congress Join Cannabis Business Leaders at Nation’s Capitol to Advocate for Federal Marijuana Policy Reform

U.S. WHOLESALE MARIJUANA PRICES AND SUPPLY

CULTIVATION SNAPSHOT:

U.S. WHOLESALE MARIJUANA PRICES AND SUPPLY

 

Welcome to the first edition of the Cultivation Snapshot: U.S. Wholesale Marijuana Prices and Supply produced by the research team at Marijuana Business Daily.

Wholesale cannabis prices and supply can vary widely state to state, which shouldn’t come as a surprise to any savvy cannabis industry watcher. Each state regulatory body reinvented its own wheel when coming up with rules, and every cultivation and retail climate is unique, as well.

But there are similarities to be explored when comparing markets. For instance, the more mature programs, such as Washington and Colorado, have experienced steady declines in prices for wholesale cannabis ower.

Those like Oregon with long-entrenched black markets and plentiful outdoor farms suffer from oversupply, driving prices down. Contrast that with relatively new programs, such as Nevada and Alaska, which are reporting strong wholesale markets – for the time being.

Then there’s California, which is its own ever-changing, massively complicated behemoth. This report provides information on and analysis of the wholesale cannabis supply and price situation in:

  • Alaska
  • Nevada
  • Washington state
  • California
  • Oregon
  •  Colorado
  • Medical marijuana markets (in summary)

wholesale

On the national level, wholesale cannabis prices have steadily slid downward since last year, from more than $1,600 a pound to just over $1,300 a pound, according to Cannabis Benchmarks, which gathers wholesale spot pricing data for the marijuana industry. Prices tend to dip most in the fall, when outdoor cannabis harvests are good the market, pushing supply up. As more businesses are licensed and cultivators build out their facilities and become more efficient, this trend line is likely to continue on the same downward trajectory.

The information in this report is derived from dozens of interviews with growers and retailers in the above mentioned markets. Hard data is difficult to obtain in today’s federally illegal cannabis industry, making the most reliable source the men and women in the field. The data presented are ranges, not averages, of what the markets are experiencing.

Where available, we provide a year-over-year comparison of prices. This data was not available in for states where the recreational market began in the last year.

If you have any questions or want to provide feedback, please email barts@mjbizdaily.com.

 

 Bart_Schaneman_Headshot
Bart Schaneman 
MJ Biz Daily Cultivation Reporter

This is a snapshot of the report written by Bart Schaneman 
from the MJ Biz Daily Cultivation reporter, originally published in summer of 2018.  You can learn more at https://www.mjbizdaily.com