Marijuana Business Magazine May-June 2020

3 May-June 2020 | DEPARTMENTS 10 FIVE QUESTIONS WITH RUSTYWILENKIN Founder of Old Pal expects increase in number of marijuana brands without cannabis business licenses. 12 PACKAGING CORNER Flower and pre-roll company Narvona opted for secondary packaging to add intrigue. 18 MONEY MATTERS Challenges to 280E have given IRS more power, tax attorney Nick Richards says. 20 INVESTOR INTELLIGENCE SNAPSHOT There is a big difference between the performance of cannabis stocks and the underlying marijuana businesses. 98 CULTIVATION BUSINESS STRATEGIES Oregon-based East Fork Cultivars leverages partnerships and an upcoming retail presence to expand its footprint. 6 From the Editor 8 By the Numbers 14 Hemp Notebook 16 Trends & Hot Topics 22 Company News 28 Industry Developments 104 Best Practices in Extraction 108 Industry Players 112 Question of the Month 114 Market at a Glance 118 Our Advertisers 120 Notable Quotes On Our Cover Budtender Jesica Crowley checks inventory at the Euflora adult-use marijuana store on Denverʼs 16th Street Mall in March. Photo by Mark Leffingwell Fromcurbsidedeliveries tohand-sanitizerproduction, cannabiscompanies reacted quicklywhenCOVID-19 reachedNorthAmerica $12.95 VOL7 • ISSUE5 •May-June2020 Insights forcannabisexecutives, investors&entrepreneurs Pandemic ThwartingCrooks WithRetailSecurity ScoopingUpDistressed CannabisBusinesses Navigatingthe ZoningMaze + Pivot