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Most know that the cannabis industry has grown at a rapid rate and is projected to continue to do so for the foreseeable future; thus many investors are looking to take a position in this high growth industry. Just like standard investments, considerations of revenue, profit, cash, intellectual property and proprietary components, management team experience and market size are very important. However, it is advisable to proceed with caution and to spend adequate time familiarizing yourself with the legal and compliance burdens of the cannabis businesses, as well as industry developments and pertinent policy trends, in order to truly assess risk.
Recently, Cannabis Business Executive ranked 3C number 67 in their list of the top 100 ancillary businesses in the commercial cannabis industry. We’re proud to have earned a place among the most influential businesses in this industry, and we look forward to continued success.
Click the link below to view the entire list.
What are the marijuana laws in the specific region you plan to invest in? Does the business have a competitive advantage and is their plan scalable? Is the team you are planning to invest in qualified? How big is the market in the specific area you intend to operate in and are there regulations in place that may limit growth? What is the potential ROI and exit strategy? Check out this linked article by 3C’s Nic Easley for more details.
In this column, we will reframe common industry perceptions of nutrients and fertilization with an introduction to the “soil food web.” We also will explain natural fertilization approaches that are inexpensive, highly productive and provide multifaceted benefits, such as pest and disease resistance. And, we include recommendations for those employing hydroponic systems, in addition to general guidance on monitoring and testing your nutrient solution, media and runoff to ensure that you are doing what is best for your plants — which translates to high-yielding, high-quality harvests.
Welcome to 3C’s first newsletter. Our goal is to provide valuable, hard-hitting news and advice for those in the cannabis and hemp industries. Throughout this journey, we hope to provide best practice tips and techniques along with industry updates that will help your cannabis business thrive. Feel free to browse the information and be sure to send feedback!
Nic Easley, chief executive officer at Comprehensive Cannabis Consulting (3C), delivered the keynote address at the first annual Cannabis Labs Conference, co-located with Pittcon. Easley begins with a discussion of the 2014 milestone where Colorado and Washington legalized recreational cannabis, opening the floodgates for a diverse range of products and business opportunities in quality and safety testing. With members of his team sitting on the Colorado Department of Agriculture’s Pesticide working group, they are working with industry leaders and regulators to comprehensively write the standards. “The industry gets regulated in 2014 in Colorado with a total of $2.7 billion in sales in the first year of the industry’s history,” says Easley. “We have this giant influx of business, but without process validation, good agricultural practices and proper SOPs, each state is left to fend for themselves to write regulations.”
In Part I of this two-part series — titled “Successful Expansion of Your Cultivation Operation: A Pre-Construction Guide” — we addressed questions of whether or not you should expand, things to take into account while planning the process and designing your expanded facility, as well as legal and compliance considerations. In this column, we continue exploring how to effectively and successfully scale up, focusing on important issues to take into account in three key areas: Construction, staff preparation and management, and crop propagation.
The recalls involve 20 separate companies that either grow the plant itself or process it into edibles and other products. Comprehensive Cannabis Consulting (3C) has released a position paper that objectively addresses the legal and safety issues of pesticide use on cannabis so that the public is not misinformed.
Applying pesticides off label is a federal offense and successful pest management should not require some of the pesticides used regularly in the industry and cited in recent Colorado recalls.
Those that follow the legal cannabis industry are undoubtedly aware of the struggles of Colorado to regulate pesticide use on cannabis. At the time of this writing, there have been 19 recalls of products contaminated by pesticides in as many weeks. Authorities could not in all cases identify exactly how many units of products may have been tainted, but based on the numbers available, roughly 200,000 individual cannabis products, if not more, have been pulled from dispensary shelves. Along with these recalls have come a large amount of coverage and commentary from various news outlets, industry stakeholders, and even those companies who have had products pulled from shelves.
Nic Easley & Adam Koh
Chief executive officer & chief cultivation officer 3C – Comprehensive Cannabis Consulting || Denver, Colorado
“To maximize yield without compromising quality, indoor cultivators are well-served to install equipment that can exercise precise control over the room’s conditions. Both yield and quality will be lost if it is too humid or dry, too hot or cold, or if the environment has too much or too little carbon dioxide.
“We have seen facilities with mediocre strains, clueless staff and no effective direction from management still pulling very respectable yields simply because the environmental control equipment installed in the facility was top-notch and conditions in garden areas were optimal.”