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July 29, 2021

The Canna Consortium Happy Hour: July Newsletter


What’s on the Menu?

Cannabis Industry Insights

Legalization is progressing on the East Coast, with new laws going into effect for Connecticut and Virginia.

“Recreational marijuana legalization policies passed by lawmakers are now in effect in Connecticut and Virginia, while medical cannabis has been implemented in South Dakota following voter approval of a ballot initiative last year.” We’re moving toward federal legalization as more and more states adopt the benefits of both medical and recreational marijuana. Read more about it here.

Amazon endorses federal marijuana legalization, softens drug-testing policy. “U.S. cannabis industry and federal lawmakers take notice: the nation’s second-largest company is embracing nationwide marijuana legalization.” In a surprising announcement CEO, Dave Clark, said they will actively support the Marijuana Opportunity Reinvestment and Expungement Act of 2021.

Regulatory Pulse Point

Here’s a State-Level rundown of reform updates from the National Cannabis Industry Association.

Scientists in the U.S. are currently limited to conducting studies with government-grown cannabis, but new federal legalization could allow researchers to pursue groundbreaking studies with cannabis products from dispensaries. This move may signal big regulatory changes ahead. What this change could mean for the future of the industry.

Entrepreneurial Extras

How can you deal with the current cannabis labor shortage? Along the whole supply chain many are seeing issues with supply and demand. The labor shortage is one of the most hot topics currently, especially in the cannabis industry, as potential wage inflation could be adding to the cost of business. One strategic workaround is investing in automation systems for cultivation, packaging and distribution.

News and Events

Inaugural Denver Dabbing Derby

We celebrated National Dab Day in true fashion with music, fun, infused appetizers, terpene craft cocktails and of course plenty of concentrates. A huge thank you to our vendors and everyone that came out and supported 710Spirits® and The Canna Consortium crew! Can’t wait for next year!

Lab Society/Huber/710Spirits Customer Appreciation

Our first of three customer appreciation parties this summer with partner Lab Society and Huber was a huge success! Our next party is August 20th! We will send our RSVP links through our email list ASAP so make sure to keep an eye on your inbox.

CannaCon!

CannaCon Detroit was a hit! We motored through the Motor City at the end of June to bring more cannabis business insights to the Midwest and network with a crew of cannabis entrepreneurs.

CannaCon Chicago is August 6-7! We can’t wait to see everyone there! Make sure to stop by our booth (714) and say hi! Or see us speak with Founders Liz Geisleman, Rocco Iannapollo and Kim Stuck on How To Level Up Cannabis Operations in the aftermath of the pandemic.

Founder Spotlight

Get to know one of our expert founders, Rocco Iannapollo. After spending nearly 30 years developing wide-ranging business acumen in oil & gas, IT, supply chain procurement, HR, real estate, logistics and drug & alcohol testing, Rocco set his sights on cannabis to bring much-needed compliant production equipment to manufacturers nationwide. In his role as Executive Director of Emerging Channels at Colorado-based Tundra Restaurant Supply and its subsidiary Cannabis Kitchen Supplies, he helps serve infused-product manufacturers of all sizes. With his deep expertise around supply chains and vendor management, Rocco has become a versatile advocate for clients by implementing sustainable business practices and strategies.

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