Marijuana Business Magazine January 2020

3 January 2020 | DEPARTMENTS 6 From the Editor 8 Cannabis by the Numbers 14 Hemp Notebook 18 Money Matters 20 Investor Intelligence Snapshot 22 Company News 28 On Our Cover Wesley Ray of Combined Hemp in Bend, Oregon, is growing industrial hemp for CBN as well as CBD. The number of hemp growers cultivating for cannabinoids other than CBD is expected to rise in 2020. Photo by Megan Baker 10 FIVE QUESTIONS Massachusetts’ top cannabis regulator talks about the vape crisis and federal legalization. 12 PACKAGING CORNER The overhaul of Pax Era pods offers one California cannabis brand the opportunity to redesign its product line. 16 TRENDS & HOT TOPICS Los Angeles’ social equity program is flailing. 96 BEST PRACTICES IN EXTRACTION When buying new extraction equipment, anticipate scaling up, look at reputation and seek out great customer service. 104 QUESTION OF THE MONTH What trends should cannabis businesses watch out for in 2020? $12.95 VOL7 • ISSUE1 •January2020 Insights forcannabisexecutives, investors&entrepreneurs FORESIGHT 2020 IS As thecannabis industryembarks onanewdecade,businesses canexpectnewmarkets,fresh opportunities—andmorepitfalls 0 0 CanadianOversupply Loomson theHorizon How to AvoidLayoffs RefreshYour Packaging UsingAI to Improve CropsandProfits Industry Developments 92 Ancillary Business Strategies 100 Industry Players 106 Market at a Glance 110 Our Advertisers 112 Notable Quotes CORRECTION An infographic in the November-December issue incorrectly identified two cannabis companies partnering with mainstream businesses in the beverage sector. Dixie Brands entered a partnership agreement with Arizona Beverage Co., and Tilray partnered with Anheuser-Busch.