Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Current Environment
Relationship with
Agriculture
Full Disclosure
Colleagues Opinions
Introduction
Methodology
This study took a mixed methods approach to
assessing the current environment of the industry, its
needs and its future.
Empirical, Focus Group, Literature Review, Survey
Various Management
Programs
Health Care Management
Sports Management
Casino Management
Hospitality Management
Project Management
Supply Chain Management
History
History continued
1968, University of Mississippi becomes the
official federal marijuana growing facility
1973-1978, nine states decriminalize
1976, Randall sues federal govt and wins
because he needs cannabis for his
glaucoma
1980, Marinol is created, synthetic
marijuana used on cancer patients
1990 Scientist discover CBD receptors
1995-Presently 23 states MMJ & 4
recreational states
State
Year
Passed
Possession Limit
1. Alaska
1998
2. Arizona
2010
3. California
1996
4. Colorado
2000
5. Connecticut
2012
DC
2010
6. Delaware
2011
6 oz. usable
7. Hawaii
2000
4 oz usable; 7 plants
8. Illinois
2013
9. Maine
1999
10. Maryland
2014
11. Massachusetts
2012
12. Michigan
2008
13. Minnesota
2014
14. Montana
2004
15. Nevada
2000
2013
2010
2 oz. usable
2007
2014
20. Oregon
1998
2006
22. Vermont
2004
23. Washington
1998
24 oz usable; 15 plants
Opportunities
Opportunities
(NORML, 2015)
$35.0
$30.0
$25.0
$20.0
$15.0
$10.0
$5.0
$0.0
2013
2014
2015
2016
2017
2018
2019
Economic Growth
Annual Revenue
Beer
$100 Billion
$36 Billion
Medical Marijuana
E-Cigarettes
$1.5 Billion
Recreational (2015)
$800 - $1 Billion
M & Ms
$600 Million
$3,017
$1,936
Recreational Marijuana
$1,773
Medical Marijuana
$1,143
$893
$887
$508
Liquor store
$250
Pharmacy
$241
Company
Segment
Ancillary
Insys Therapeutics
Product/Services
Ancillary
GW Pharmaceuticals Product/Services
Ancillary
Cara Therapeutics
Product/Services
Crown Baus Capital Ancillary
Corp.
Product/Services
Canadian Cannabis
Corp.
Cultivator/Dispensary
Tweed Marijuana Inc. Cultivator/Dispensary
Pharma Cyte Biotech Ancillary
Inc.
Product/Services
Ancillary
Cann Labs Inc.
Product/Services
Infused
Cannavest Corp
Products/Extractions
Medical Marijuana
Ancillary
Inc.
Product/Services
Ticker
Symbol
Market
Cap
INSY
$1.88 B
GWPH
$1.80 B
CARA
$236.69 M
CBCA
$136.37 M
CCAN
TWD:CA
107.02 M
$101.91 M
PMCB
$97.32 M
CANL
$91.62 M
CANV
$91.51 M
MJNA
$89.87 M
Differences
Operations
Growing
Processing
Dispensing
Marketing
Accounting/Finance
Legal/Regulatory
Operations, Growing
Inventory, Seed to Sale
Various Methodologies
Mediums
Environments (Indoors, Outside, Greenhouse)
Energy
Nutrients
Software/Hardware
Extraction equipment
Lab testing
Operations, Handling
Harvesting
Trimming
Processing finished product
Adding Value
Edibles/Capsules
Topicals
Rolling
Concentrates
Kief/hash
Tinctures
Cooking Oil
Vapor Oil
RSO
Operations, Dispensing
Marketing
Education
Qualifying conditions
Consumption methods
CBDs/THC (constituents)
Indica, Hybrid, Sativa
Hospital/nursing home regulations/hospice
Connoisseurship (wine)
Fear factor
Social networking limitations
Accounting/Finance
(compliance)
Treasury impacts the legality of industry
banking (Suspicious Activity Reporting
(SAR) & Bank Secrecy Act (BSA))
SEC suspends trading in 5 industry related
companies (U.S. SEC, 2014)
Insurance
HIPAA Compliance
Credit Cards
Federal
Department of Justice
National Institute on Drug Abuse
Center for Medicare/Medicaid Services
Food & Drug Administration
U.S. Department of Agriculture
Veterans Administration
Department of Education
U.S. Customs and Border Patrol
State
Legislature
Department of Health and Human Services
State & Local Police Departments
Attorney Generals Office
Management
Human Resources
Additional state requirements
Strategic
Board of Directors
Best practices
Changing environment
Banking/accounting regulations
Security requirements
Vary from state to state
Trends to Watch
(Cannabis Enterprise, 2015)
Regulatory
Financial and accounting acumen
Systems management/performance auditing
Operations
Lab testing
OUI measurements
Marketing
Branding/trademarks/patents/education
Finance/Accounting
Cost control/revenue recognition/joint ventures
Technology
Measurement/quality
Business intelligence
Legal
Medical acceptance
Management
Academic leadership
Unlikely Supporters
(Huffington Post, 2015)
Glenn Beck, Former Fox News Commentator
Rahm Emanuel, (Former Obama Chief of Staff)
Rick Perry, Republican Governor of Texas
George Soros, Investor/Philanthropist
Warren Buffett, Investor/Philanthropist
Dr. Sanjay Gupta, M.D., Charlottes Web
Dr. Raphael Mechoulam, Discoverer of THC
Juan Manuel Santos, President of Columbia
Sarah Palin, Former Governor of Alaska
Tony Bennett, Grammy Award Winning Singer
Questions?
Thank You