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Don’t Miss the California Cannabis Investment Forum THIS THURSDAY

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Please join us this Thursday, September 28th for the California Cannabis Investment Forum in Downtown San Francisco!

Our San Francisco office is hosting this event with fiscal sponsorship from Templar Capital Management and GBDS and associate sponsorship from the NCIA. This Forum will bring together top investors and leading companies in California’s cannabis industry and provide you with the information you need for investing in California’s cannabis space.

Hilary Bricken, who heads up our Los Angeles office. will begin the event with a short talk on the many recent changes to California’s medical and adult use cannabis laws. Carlton Willey, who heads up our firm’s finance group out of San Francisco, will then moderate a panel comprised of early and late stage investors and debt and equity financers with experience in California’s cannabis industry. The following panelists will discuss cannabis industry investing, deal structures, cannabis business concerns in the context of investing, investor red flags in the cannabis industry, and various other matters of increasing importance in the California cannabis investment world:

Allen Gold, Principal at Templar Capital Management

Alejandro Di Tolla, CEO of GBDS

Sherri Haskell, CEO of CannaAngels

Tom DiGiovanni, CFO of Canndescent

Emily Paxhia, Managing Director of Poseidon Asset Management

The California Cannabis Investment Forum will be at Covo Event Space in Downtown San Francisco. Doors will open at 5:45 pm and Hilary’s keynote will begin at 6:15. Hors-d’oeuvres and drinks will be served and a cocktail networking session will take place following the panel discussion.

We look forward to seeing you there, but do NOT delay in buying your tickets. We must cap attendance at 250 and we are very rapidly nearing that number already.

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Consideration Hashish Growers: The sixth CannaGrow Expo is Subsequent Month in Denver!

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The Occasion for Hashish Cultivators is Heading to Denver, Colorado Subsequent Month!

The sixth CannaGrow Expo will probably be hosted October 28 – 29, 2017 in Denver, CO on the Crowne Plaza Denver Airport Lodge & Conference Middle.

CannaGrow Expo is a two-day instructional convention & exposition devoted to the artwork & science of rising hashish. This motion packed two-day convention permits passionate hashish cultivators from around the globe the chance to community with others, share methods, study from specialists, and discover the services to deliver their develop ops to the subsequent degree.

CannaGrow Expo Denver will function a number of 25 cultivation-focused instructional periods lead by world-class growers over two action-packed days, countless networking with cultivators from across the nation, and an expo corridor with 100+ cubicles showcasing the newest instruments & know-how for rising hashish.

In case you are captivated with cultivating world-class hashish, you might want to be on the CannaGrow Expo.

WHO SHOULD ATTEND?

Present growers, develop managers, dispensary house owners, buyers, and people simply taken with studying about cultivating hashish are inspired to attend.

There isn’t a higher place to seek out the schooling, merchandise, and providers to develop premium hashish than the CannaGrow Expo.

There can be 25 instructional periods provided, together with a ‘Cultivation 101’ class on every day for these simply getting began. Periods will tackle numerous subjects important to a profitable develop, and are lead by a lineup of world-class hashish cultivators and educators.

WHAT TYPES OF VENDORS WILL BE EXHIBITING?

The CannaGrow Expo options an expo corridor with 100+ corporations targeted on creating probably the most profitable hashish grows and extractions on the earth.
See exhibitors & sponsors coming to CannaGrow.

WHERE SHOULD I STAY?

Escape to the Crowne Plaza Denver Airport Lodge & Conference Middle for the sixth CannaGrow Expo.

Click on the hyperlink in your registration affirmation e mail to guide your room at a reduced $129/nt for CannaGrow attendees. Hurry! They may promote out!

For extra info and registration, head over to CannaGrowExpo.com!

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California Hashish Funding Discussion board: Final Day for Early Hen Pricing!

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On Thursday, September 28th, our San Francisco workplace will host an occasion on investing in California’s newly regulated hashish business. The California Hashish Funding Discussion board will deliver collectively prime buyers and main corporations in California’s hashish business and its associated applied sciences to speak about California hashish funding points. The Templar and GBDS can be sponsoring this occasion and the NCIA can be an affiliate sponsor.

Early hen pricing of $20 ends tonight at midnight! 

Hilary Bricken of our Los Angeles workplace will start the Discussion board at 6:15 p.m. with a brief keynote discussing the various current modifications to California’s medical and grownup use hashish legal guidelines. From 6:45 p.m. to eight p.m., Carlton Willey of our San Francisco workplace will average a panel comprised of the next early and late stage buyers and debt and fairness financiers with expertise in California’s hashish business:

Alejandro Di Tolla, CEO of GBDS and a number one angel investor in hashish companies

Allen Gold, Principal at Templar Capital Administration

Sherri Haskell, Founder and CEO of CannaAngels

Emily Paxhia, Managing Director of Poseidon Asset Administration

Adrian Sedlin, CEO of Canndescent

Our panelists will cowl hashish business investing, deal buildings, hashish enterprise considerations within the context of investing, and investor pink flags within the hashish business, with a give attention to California’s anticipated $Eight billion plus legalized hashish market. We’ll take questions from the viewers in the course of the panel dialogue and we additionally encourage you to ship us prematurely any questions you’ll have for our esteemed panelists. You possibly can ship us your questions by way of e-mail to agency@harrisbricken.com.

The California Hashish Funding Discussion board might be on the Covo Occasion Area in Downtown San Francisco. Doorways open at 5:45 p.m., and a cocktail networking session will begin from Eight-9:30 p.m. Hors d’oeuvres and drinks shall be served.

To buy a ticket for this occasion, please go right here. And keep in mind, at this time is the final day for the early chook fee, so act quick!

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Regulating Ganja: Our Report on Jamaica Hashish

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Over the weekend, I attended CanEx Jamaica in Montego Bay. The occasion targeted on the enterprise and coverage of hashish in Jamaica and overseas. Jamaica decriminalized hashish in 2015, imposing a advantageous for possession of lower than two ounces of hashish relatively than attainable jail time. Jamaica additionally has legalized hashish for medical use, however continues to be within the strategy of implementing a regulated program.

Jamaica is dealing with challenges in regulating a plant that has lengthy been celebrated in Jamaican tradition regardless of authorized prohibition. Ganja, as it’s recognized on the Island, has deep cultural and non secular significance. It’s a sacred herb within the Rastafarian faith. Its spiritual and leisure use on the island has been widespread for years. Consequently, many Jamaicans will not be enthusiastic about it being regulated. I went to this occasion for 2 causes. One, as a result of Hilary Bricken, our lead hashish lawyer out of our Los Angeles workplace can be talking there. And two, as a result of our hashish apply has all the time been a world one, and that has been accelerating in the previous few months as Barcelona, Spain, (the place we’ve an workplace) continues to liberalize.

Dr. Jalani Adwin Niaah, a professor on the College of the West Indies at Mona and Rastafarian, gave a presentation on Rastafarian Allotting and Advocacy. He famous an elevated curiosity in ganja from native enterprise leaders after it was decriminalized. He fears although that commercialization of Jamaica’s medical hashish will depart Rastafarians behind and hashish as a sacrament will turn into marginalized. Dr. Niaah instructed Rastafarian’s internet hosting “herb camps” the place they might develop and dispense ganja for spiritual functions whereas additionally offering steerage to Jamaicans and guests who need to use ganja for therapeutic and wellness. Dr. Niaah proposed these camps would give Rastafarians a spot in Jamaica’s regulated hashish market. Jamaican regulation permits hashish for spiritual functions, however it isn’t clear these types of camps would qualify underneath this exemption.


Hilary Bricken hosts a panel on Hashish Coverage in Jamaica.

Hilary Bricken from our workplace moderated a panel on hashish coverage that included Florida lawyer Michael Minardi, entrepreneur Sidney Himmel, Dr. Lorenzo Gordon of Jamaica’s Ministry of Well being, and Greg Douglas, CEO of Jamaica’s Hashish Licensing Authority.

Dr. Gordon and Mr. Douglas offered perception into the challenges Jamaica faces as two of its regulatory our bodies work collectively to determine Jamaica’s medical hashish scheme. The Ministry of Well being regulates hashish processing, strains, and merchandise. It appears on the scientific aspect of hashish, learning the share of CBD and THC in every pressure. This Ministry additionally requires a microbiological evaluation of every product and supplies coaching for physicians who want to advocate hashish. The Hashish Licensing Authority focuses on location, safety, and cultivation. Because the title suggests, it additionally will ultimately present licenses to cultivators and dispensaries.

Mr. Douglas expressed the necessity for the 2 businesses to work collectively to ship a unified message and supply a constant course of for candidates hoping to acquire a hashish license. He additionally acknowledged the significance of hashish in Jamaica saying “in Jamaica, ganja is cultural, not only a matter of cash.” Mr. Douglas maintains that the emotional impression of ganja in Jamaica have to be taken under consideration in making a regulated business.

The elephant within the room was the influence United States Authorities coverage has had and can proceed to have on Jamaica’s hashish regime, particularly contemplating the Trump administration has been hostile to hashish. Each Jamaica and the US have entered into treaties prohibiting the manufacture and distribution of hashish and different medicine. The US wields vital affect over worldwide commerce and will drive its will on a small nation like Jamaica. At one level within the panel discussions, Hilary requested whether or not Jamaican authorities officers see the US as a bully. Each Jamaican officers gave diplomatic solutions, acknowledging they’re conscious of the United State’s place on the topic and the way it’s essential to “contemplate” the worldwide setting when implementing Jamaica’s regulatory regime.

Although over half the states within the US have legalized medical hashish and eights states (plus Washington DC) permit hashish for leisure use, america continues to be seen internationally as considerably of a drug regulation dinosaur with sharp tooth. Most of the audio system and attendees talked of how Canada and Israel (and to a lesser extent Uruguay and Spain) are mannequin nations for hashish analysis and coverage. Dr. Gordon said he hoped Jamaica could possibly be a world chief in hashish as properly. See Marijuana Legalization: The Worldwide Version

 As well as to Hilary’s panel, CanEx hosted Montel Williams for a keynote handle, held a job truthful for people thinking about working in hashish and hosted quite a few different panel discussions on subjects like “Ladies in Hashish”, “Finance and Commerce”, and “Arts and Leisure.” The occasion was properly attended and really informative. In case you remorse lacking it this yr, I extremely advocate attending in 2018.

Nice locale and nice audio system. What extra might you need?


Daniel Shortt and Hilary Bricken at CanEx Jamaica.
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Be a part of Us at The California Hashish Funding Discussion board!

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On Thursday, September 28th, our San Francisco workplace will host an occasion on investing in California’s newly regulated hashish business. Sponsored by the  Templar, GBDS, and the NCIA, the California Hashish Funding Discussion board will convey collectively prime buyers and main corporations in California’s hashish business and its associated applied sciences.
Hilary Bricken of our Los Angeles workplace will start the Discussion board at 6:15 p.m. with a brief keynote addressing the current (and lots of) modifications to California’s medical and grownup use hashish legal guidelines. Then from 6:45 p.m. to eight p.m., Carlton Willey of our San Francisco workplace will average a panel comprised of the next early and late stage buyers and debt and fairness financers with expertise in California’s hashish business:
Allen Gold, Principal at Templar Capital Administration

Panelists will cowl hashish business investing, deal buildings, hashish enterprise considerations within the context of investing, and investor purple flags within the hashish business, in addition to issues of accelerating significance within the hashish funding world as we head into 2018 and California’s anticipated $Eight billion legalized hashish market. Viewers questions shall be taken all through the panel dialogue and when you’d wish to submit a query to the panel beforehand, please write to agency@harrisbricken.com.

The California Hashish Funding Discussion board can be held at Covo Occasion Area in Downtown San Francisco. Hors d’oeuvres and drinks might be served. Doorways open at 5:45 p.m., and a cocktail networking session will begin from Eight-9:30 p.m.
To buy a ticket for this occasion, please go right here. The early fowl price lasts till September 12, so act quick!
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Hashish Startups 101 – Get Your Enterprise Recommendation Right here

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Our hashish attorneys see many hashish offers and each day we see time period sheets, pitch decks, prospectuses, fund summaries, and so on. Although we’re all the time on the authorized aspect, we’re additionally typically requested for recommendation we’d label “enterprise recommendation” — starting from the precise (right here’s our deck, what valuation can we demand?) to the very basic (as buyers the place ought to we put our cash forward of what’s going to occur with California hashish in 2018?). On this publish I supply our ideas on some widespread points.

 

Firm Founders Ask: What are Buyers In search of?

In case you spend an excessive amount of time and thought transforming the numbers on a time period sheet, and even believing these numbers play an enormous position in driving investor curiosity, you’ve acquired it flawed. I for one have by no means heard an investor say “the product misses the mark and the workforce is mediocre, however with these funding phrases I’d be loopy to not leap in!” Although Shark Tank isn’t what life is basically like out within the trenches, it does get the funding choice course of in the appropriate order: first the sharks meet the staff and get their pitch, then they talk about and negotiate numbers.” When you’re too targeted on the numerical phrases, you’re higher off not having a time period sheet — a pitch deck (or perhaps a one-pager) that focuses on the next is more likely to drive an investor dialogue ahead:

  • the dimensions of the chance
  • capturing the creativeness of the investor
  • promoting the investor on the staff – the individuals – as the proper ones to execute and seize the chance

 

Buyers Ask: The place are the Massive Returns?

Many buyers assume greater danger corporations will imply larger returns. And with this assumption typically comes one other one: corporations that “contact the [cannabis] plant” (and are subsequently unsuitable for almost all institutional capital) will generate the very best returns. For buyers utilizing debt devices and searching purely at rates of interest as their ROI, this can be true. However for fairness buyers, it’s all about scale, and corporations whose main enterprise is one which “touches the plant” not often have the very best scalability. Although there aren’t almost sufficient firm exits to say for positive, the large returns are much more more likely to be present in business-to-business ancillary hashish corporations – software program, knowledge metrics, gear leasing, and different enterprise providers.

 

Everyone Asks: How can we insulate ourselves from federal legal legal responsibility?

You can’t, not with 100% certainty. You can’t be concerned within the hashish business and be utterly insulated from federal felony legal responsibility. That stated, there are tiers of danger, they usually usually break down as follows:

Tier 1 (highest danger):

  • Enterprise operators that domesticate and promote hashish
  • Enterprise operators that course of, check, extract or in any other case “contact the plant”

Tier 2:

  • Buyers in Tier 1, above

Tier three (lowest danger):

  • Advisors and repair suppliers to Tier 1 companies and Tier 2 buyers
  • Distributors and others that enter into “arms-length” transactions with hashish corporations

 

Firm Founders Ask: The place can we meet buyers?

  • Introductions
  • Business associations
  • Conferences and networking occasions
  • Not cold-calling

Talking of nice locations to satisfy buyers, hold your eyes and ear peeled for our California Hashish Funding Discussion board, coming quickly in San Francisco!

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CanEx Jamaica and Worldwide Hashish

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On September 1st, I’ll be becoming a member of Hilary Bricken in Montego Bay for the CanEx Jamaica Enterprise Convention and Expo. This two-day occasion contains a convention on day one and a job expo on day two. Hilary will converse on the convention alongside hashish entrepreneurs, docs, and fellow hashish business leaders, together with Montel Williams, an outspoken advocate for medical hashish. CanEx will join professionals throughout the Caribbean, Latin America, Europe, and North America occupied with alternatives and developments within the hashish business.

Jamaica is a becoming locale as hashish has performed a big position in its historical past and tradition. Beginning in 1655, Jamaicans have been topic to slavery underneath British rule till an abolitionist rebellion ended the apply in 1838. The top of slavery created a requirement for labor on the island. Staff from India traveled to Jamaica and introduced the hashish plant with them. Linguistic students decided that the time period “ganja” is rooted in Hindi. Hashish shortly unfold across the Island because the Jamaican local weather is right for hashish progress, permitting a number of harvests in a given yr. Hashish use turned a tenet of the Rastafarian faith which emerged within the 1930s and rose to prominence in Jamaica.

Regardless of cultural associations with hashish, Jamaica outlawed hashish by passing the Ganja Regulation of 1913. Jamaica’s authorities pushed again towards its worldwide fame as a pot-friendly nation by strictly implementing hashish prohibition till lately. However Jamaica’s angle modified in 2015 when Jamaica decriminalized marijuana. Jamaica then legalized medical hashish the next yr.

CanEx Jamaica displays an rising curiosity in hashish on a worldwide scale. America has taken a lot of the media highlight relating to hashish reform, however it is very important understand that the push for legalization extends far past US borders. It’s really a worldwide motion and my agency’s worldwide attorneys are continuously answering inquiries from enterprise individuals from around the globe focused on hashish throughout the globe. Our legal professionals in our Spain workplace typically symbolize overseas companies that need to broaden to Spain and Spanish and Catalon companies that need to increase past Spain. Nations like Australia, Bangladesh, Cambodia, Canada, Chile, Colombia, Costa Rica, the Czech Republic, Germany, India, Israel, Jamaica, Mexico, the Netherlands, Portugal, South Africa, Spain, and Uruguay have all legalized hashish to a point. Israel has lengthy been a pacesetter in researching medical hashish and has its personal strong medical program. Canada has begun the method of legalizing leisure hashish throughout the nation and Uruguay has already finished simply that. A world hashish market is shortly creating as extra hashish companies look to take their experience past their very own borders. CanEx is a superb alternative for entrepreneurs from the world over to satisfy and join the rising market and we hope to see you there.

You’ll find extra info on worldwide hashish on the next publish.

 

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Our Free California Hashish Webinar is Tomorrow, So Signal Up Now

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Enroll now for tomorrow’s free webinar on California’s Medical and Grownup Use Hashish Regulation and Security Act (“MAUCRSA”), which can happen from 12-1 pm Pacific. MAUCRSA, which successfully repealed the Medical Hashish Regulation and Security Act (“MCRSA”), combines each medical and leisure hashish into one regulatory scheme. Introduced by Hilary Bricken, Alison Malsbury, and Habib Bentaleb (three of our hashish legal professionals who work out of our workplaces in Los Angeles and San Francisco), this webinar will tackle what this new laws means in your California hashish enterprise. The attorneys will talk about:

  • Vertical integration
  • Possession of a number of licenses
  • Distributorship
  • Main modifications between MAUCRSA and MCRSA
  • What we will study from the withdrawn MCRSA draft guidelines
  • Common expectations for license candidates as rule-making continues

They will even take viewers questions.

Please register for this free webinar right here. We sit up for your attendance!

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Free Hashish Webinar At present: Signal Up Now!

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Enroll now for TODAY’s free webinar on California’s Medical and Grownup Use Hashish Regulation and Security Act (“MAUCRSA”), which can happen from 12-1 pm Pacific. MAUCRSA, which successfully repealed the Medical Hashish Regulation and Security Act (“MCRSA”), combines each medical and leisure hashish into one regulatory scheme. Introduced by Hilary Bricken, Alison Malsbury, and Habib Bentaleb (three of our hashish legal professionals who work out of our workplaces in Los Angeles and San Francisco), this webinar will tackle what this new laws means in your California hashish enterprise. The attorneys will talk about:

  • Vertical integration
  • Possession of a number of licenses
  • Distributorship
  • Main modifications between MAUCRSA and MCRSA
  • What we will study from the withdrawn MCRSA draft guidelines
  • Common expectations for license candidates as rule-making continues

They may even take viewers questions.

Please register for this free webinar right here. We look ahead to your attendance!

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The sixth CannaGrow Expo is Headed Again to Denver in October 2017!

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The Occasion for Hashish Cultivators is Heading again to Denver, Colorado!

The sixth CannaGrow Expo might be hosted October 28 – 29, 2017 in Denver, CO on the Crowne Plaza Denver Airport Lodge & Conference Middle.

CannaGrow Expo is a two-day instructional convention & exposition devoted to the artwork & science of rising hashish. This motion packed two-day convention permits passionate hashish cultivators from around the globe the chance to community with others, share methods, study from specialists, and discover the services to convey their develop ops to the subsequent degree.

CannaGrow Expo Denver will function a choice of 25 cultivation-focused instructional periods lead by world-class growers over two action-packed days, infinite networking with cultivators from across the nation, and an expo corridor with 100+ cubicles showcasing the newest instruments & know-how for rising hashish.

In case you are enthusiastic about cultivating world-class hashish, you might want to be on the CannaGrow Expo.

WHO SHOULD ATTEND?

Present growers, develop managers, dispensary house owners, buyers, and people simply fascinated about studying about cultivating hashish are inspired to attend.

There isn’t any higher place to seek out the schooling, merchandise, and providers to develop premium hashish than the CannaGrow Expo.

There might be 25 instructional periods provided, together with a ‘Cultivation 101’ class on every day for these simply getting began. Periods will handle numerous subjects important to a profitable develop, and are lead by a lineup of world-class hashish cultivators and educators.

WHAT TYPES OF VENDORS WILL BE EXHIBITING?

The CannaGrow Expo options an expo corridor with 100+ corporations targeted on creating probably the most profitable hashish grows and extractions on the earth.
See exhibitors & sponsors coming to CannaGrow.

WHERE SHOULD I STAY?

Escape to the Crowne Plaza Denver Airport Lodge & Conference Middle for the sixth CannaGrow Expo.

Click on the hyperlink in your registration affirmation e mail to ebook your room at a reduced $129/nt for CannaGrow attendees. Hurry! They’ll promote out!

For extra info and registration, head over to CannaGrowExpo.com!