Marijuana Business Magazine February 2020

February 2020 | mjbizdaily.com 23 build-outs and created massive oversupply. The inverse dynamic exists in the U.S. today. How can the cannabis industry become a more level playing field for all participants? Can investors play an active role in that aim? Minority communities have had to bear the brunt of the war on drugs, yet their ownership of the cannabis industry is negligible at best. Social equity programs will not be judged by how many minorities employed or how many licenses handed out; they will be judged on the long-term impact these programs have on the communities most heavily impacted by the application of the criminal justice system. It will be judged by what percentage of the industry is ultimately owned by minorities, and how many lives will be positively, permanently impacted by these programs. Ultimately, nonpredatory capital is essential to the end goal of not just enabling minorities to compete but also to win in this industry, and we believe this is the key to any successful social equity program. Programs that permit “straw man” minority ownership will fail. Programs that provide for social equity licenses but do not provide the resources needed to even turn the lights on will fail. Sustainable opportunities require support, training and other valuable resources. These resources all require capital, because, after all, cannabis and capital have converged and social equity programs will fail if they do not acknowledge this basic fact. Navy Capital has invested in 4 th MVMT, which is a social equity-focused cannabis business that operates similar to a franchise model. They empower licensee candidates to successfully own and operate their own business by providing the tools that enable professional and personal development, leadership training and, of course, access to back-office resources, real estate and capital required to win. This isn’t about handouts; it’s about changing lives. Nick Thomas covers finance for Marijuana Business Magazine. You can reach him at nickt@mjbizdaily.com. Biomass Drying System Solvent Recovery System Remove Solvent from CBD Typical Recovery of Solvent is 37%-52% by Weight Production from 30-280+ GPH Solvent Removed to Less Than 0.4% From Spent Biomass Stainless Steel Wetted Parts Eliminate Hazardous Waste Stream UL PLC controls Low Maintenance- Constructed for Maximum Duty Cycles Explosion Proof - Class 1 Div 1 UL PLC Controls Easy Maintenance Design Explosion Proof-Class 1 Div 1 Small Footprint Create Useable Biomass ROI Typically < 1 Year Screw Conveyor Feed and Discharge Available Food Grade Options Available Production from 94-489+ Gallons www.cbmills.com Sales@cbmills.com 800-522-7343

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