Good morning, Boss!
The investing trends in female founders Q1 report is out and numbers are down, an FDA panel supports a cannabis-derived drug, a consumer survey finds more and more women are using cannabis for self-care & to de-stress and decriminalization could happen by year's end.
Make it a kick-ass week! —Jac
On the podcast:
This week I’m talking to Sister Kate, founder of Sisters of the Valley.Sisters of the Valley is new-age group of Sisters whose fundamental mission is to get plant-based medicine into the hands of those in need in a responsible and sustainable manner. The mission is supported by their founding principles, which are to honor Mother Earth and her intelligent plant, provide a valuable product to the people, empower other women to succeed and participate in peaceful progressive activism.
In this episode, Sister Kate and I chat about her pre-Sister life as an international consultant, how the sisterhood was born out of the occupy movement, what it takes to run the Sisters of the Valley operation, it’s growth to making 1.1 million dollars in sales last year and her plans to make it a 50 million dollar business in the next 5 years. It was a fascinating chat. Click below to listen.
Done deal. Cannabis focused marketing and PR firm, Salar Media Group, has been acquired by KCSA Strategic Communications. SMG's founder and CEO, Cynthia Salarizadeh, joins KCSA as Managing Partner. Green Market Report
All in favor. New York City's Public Advocate, Letitia James, has declared her support for marijuana legalization. Working along side Gov. Cuomo's office, she hopes to make it happen by the end of the year. “The benefits clearly outweigh the negative impacts — economically, criminal justice reform and also in terms of the racial arrests.” New York Post
HerWeed. Windy Borman's independent documentary spotlights the determined and fearless women leading the cannabis charge in business and advocacy. Forbes
VaYayYay! Co-Founders of Quim Rock, Cyo Ray Nystrom and Rachel Washtien, focus on marijuana products for her pleasure and her health - “a self-care line for humans with vaginas and humans without vaginas who love vaginas.” SF Weekly
Show me the money. Finance and accounting firm, RoseRyan, has announced it's Cannabis Solution to address some of the big finance challenges canna-companies encounter. Vice President, Maureen Ryan said the Solution "tackles cannabis companies’ most pressing finance and accounting needs so they can advance to the next stage, be investor-ready and tap into our strong partner network to help them build their own trusted ecosystem..." Cannabis Business Times
Grassy Goop. Anna Duckworth and Kate Miller co-found a high-minded lifestyle publication and head shop with a green twist. W Magazine
High zen. Canada's third-largest cannabis producer launches a lady-minded recreational brand to replace your spa day. Financial Post
"If you're offered a seat on a rocket ship, don't ask what seat! Just get on." —Sheryl Sandberg
In case you missed it:
Check out last week's pod episode with Joy Beckerman, Principal Consultant at Hemp Ace International. We chat about the recently introduced Hemp Farming Act of 2018 (brought forth by by U.S. Senate Majority Leader Mitch McConnell of Kentucky, and Oregon’s Democratic Sens. Ron Wyden and Jeff Merkley), the lay of the land on current federal industrial hemp laws and developments, why the legal definition of industrial hemp is so important, and the wide array of industries that American hemp agriculture can impact (more thank you think!). Joy is THE go-to expert on these topics and is always in the know on the latest in this rapidly changing landscape.
On my radar:
Q1 2018 Global Diversity Investment Report: Investing Trends In Female Founders Crunchbase
Pot is getting more personalized: The race is on to develop a 23andMe-type genetics test for cannabis, with the goal of breeding marijuana for specific ailments cnet
Will marijuana industry overtake beer as legalization spurs innovation?Investor's Business Daily
Senator Chuck Schumer is introducing legislation to decriminalize marijuana at the federal level Business Insider
Early Facebook backer teams with Snoop Dogg to invest in cannabis startup Fortune
N.Y. medical marijuana grower rolls out water-soluble pot that can be added to liquids like chocolate syrup, coffee NY Daily News
Cannabis flowers are legal in Italy. You just can’t eat or smoke them New York Times
Scotts Miracle-Gro Buys Sunlight to Double Cannabis-Grower Sales Bloomberg
FDA panel backs proposed epilepsy drug derived from cannabis Wall Street Journal
Marijuana industry says seniors are the next budding market Huffington Post
Eaze Insights: The Modern Marijuana Consumer Eaze
WSU researchers assess use of cannabis in treating stress, anxiety and depression NBCRightNow
Hemp Is the Multibillion-Dollar Cannabis Opportunity Few Have Heard About Entrepreneur