Marijuana Business Magazine August 2019

3 August 2019 | mjbizdaily.com DEPARTMENTS 6 From the CEO’s Desk 8 Cannabusiness by the Numbers 12 The Executive Page 18 Company News 26 Industry Developments 40 Hemp Notebook 114 Infused Business Strategies 122 Industry Players 130 My Favorite Things 135 Our Advertisers 136 Notable Quotes VOL6 • ISSUE7 •August2019 Insights forcannabisexecutives, investors&entrepreneurs $12.95 Artisanal Ambitions Don’tBankon Bankruptcy GrowingTalent With Internships ArcviewCEO TalksStrategy DoingBusiness AlongBorders Howcraftcannabisbusinesses arecatering toconsumers’ desireforhigh-end, small-batchproducts 10 Q&AWITH ELLEN TRANE NØRBY Former Denmark health minister ‘very confident’ trial cannabis program will be extended. 14 MONEY MATTERS The CEO of The Arcview Group reveals companies he wishes he’d invested in—and ones to avoid. 42 TRENDS & HOT TOPICS It’s still early days for regulated craft cannabis in Canada. 118 BEST PRACTICES IN CULTIVATION How to control odors coming from your cannabis cultivation operation. 132 MARKET AT A GLANCE A look at two proposals to expand marijuana business opportunities in New Jersey. CORRECTIONS A photo caption in the May-June 2019 issue misidentified Walter Apodaca, the CEO and co-founder of Vessl. The location of Gemphire Therapeutics was misstated in the July 2019 issue. The company is based in Michigan, not Minnesota. The name of Ron Silver, owner of infused sugar producer Azuca, was incorrect in the July 2019 issue. On Our Cover Cyril Guthridge inspects curing cannabis at Waterdog Herb Farm in Mendocino County, California. The company partners with Flow Kana, a craft cannabis cooperative. Learn more about developments in the craft market starting on page 44. Photo by Bobby Cochran Photography