Marijuana Business Magazine July 2019

3 July 2019 | mjbizdaily.com DEPARTMENTS 6 From the CEO’s Desk 8 Cannabusiness by the Numbers 14 The Executive Page 20 Company News 26 Industry Developments 42 Hemp Notebook 132 Best Practices 136 Industry Players 142 My Favorite Things 147 Our Advertisers 148 Notable Quotes $12.95 Hustle H American r VOL6 • ISSUE6 •July2019 Insights forcannabisexecutives, investors&entrepreneurs U.S. cannabis companies willing to work at it will find ample opportunities to raise money Plus NamingYourBusiness HempStorageTechniques Protect IntellectualProperty PhotoEssay:CannabisTesting 10 FIVE QUESTIONS WITH DARRYL HUDSON The co-founder of InPlanta discusses strategies for protecting your product against copycats. 16 MONEY MATTERS The managing partners of Salveo Capital reveal the red flags that make them back away from investments. 44 TRENDS & HOT TOPICS Growing cannabis indoors can produce the most consistent product, but can it compete against equatorial growers’ prices? 128 RETAIL BUSINESS STRATEGIES Michigan dispensary The Om of Medicine supports its community with the hope of similar results. 144 MARKET AT A GLANCE As the first state to pass recreational marijuana through its Legislature, Illinois could be home to a $2 billion cannabis market in a few years. On Our Cover After years of difficulty securing capital to grow marijuana companies, the cannabis industry has hit its stride. Today′s funding options include finding outside investments, securing debt and taking your company public. But these tactics all come with risks. Turn to our cover story on page 50 to find out which option could be the best fit for your business.