The State of Cannabis
It is not news that the Cannabis industry is thriving, in fact, it is on the fast track to becoming the largest emerging industry!
On Thursday, September 28 and Friday, September 29th, 2017, Green Bee Life attended the ‘State Of Cannabis’ inaugural event! It was an invaluable and informative 2 day event that was entirely sponsored by C.A.R.E. (Cannabis, Awareness, Research & Events), a foundation for the education of marijuana and its properties. Susan Soares, the executive director of C.A.R.E. organized and curated this stellar event that hosted over 50 speakers!
The Cannabis industry is incredibly complex , involving business leaders, elected officials and regulators that wade through the multifaceted stipulations and legislation continuously affecting its evolution. Many of the leaders from California legislature that work tirelessly toward regulation were there as well. The keynote speaker on day 1 was Lori Ajax, who is the Chief of the Bureau of Cannabis Control, She expressed genuine interest in hearing everyone’s concerns and offering ways to create solutions.
Other speakers included Cat Packer, the executive director of the Los Angeles Department of Cannabis Regulation, and Josh Ryan, the founder of Canna Kids. His foundation, www.cannakids.org was set up to help children suffering from cancer and pediatric diseases for which cannabinoid therapy is used. His own daughter, Sophie has benefitted from the therapy to treat her cancer, and she is the face of www.savingsophie.org
Keynote speaker on day two was Aaron Smith, who is the executive director of the NCIA (The National Cannabis Industry Association) as well and its co-founder.
There was a big discussion surrounding the trailer bill that aims to reconcile the differences between recreational and medical cannabis laws. The trailer bill sees only about 10% of farmers signing up to comply with the permits because of the regulations that are being imposed. Cannabis farmers and artisans are concerned that it will cost them too much, effectively killing their businesses. It actually then becomes more cost effective to stay in the black market and many are willing to take the risk. Another challenge for farmers is that come April if one is not complaint with all the regulations, there is a $20,000 fine per day until one does. It was very important to hear all of the issues surrounding ongoing state and local implementation of cannabis policy in California.
The event marked the first day in California where it was legal to partake in outdoor marijuana consumption and to have legal retail on site. There were panels set up from 9am to 5pm, a cocktail hour and an after party, it was a good time where many ideas were shared. To cap it all off, there was also a fantastic after party with entertainment by Magic Dick and Shun NG. We are already looking forward to attending next year’s event!