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Published May 16 Updated May 18 Across Oregon, dozens of recreational cannabis businesses are folding under the pressure of a rapid drop in the price of weed. William Simpson is leading a quieter campaign that may prove equally disruptive for the industry.
Simpson is the affable year-old former angel investor who started Chalice Farms three years ago and grew it into a cannabusiness reporter of glossy, clean dispensaries, including the closest cannabis showroom to Portland International Airport. On a recent Saturday, budtenders escorted customers through the wood-paneled space, encouraging them to sniff samples of cannabis flower displayed on wooden boards, like charcuterie plates.
Natural light shined through a large cannabusiness reporter window frosted with the store's iconic logo, a grail cup.
Soft music was piped in. Chalice Farms Facebook It looks like a farm-to-table restaurant, or maybe a Starbucks. And the same experience can be had at seven Chalice locations across the Portland metro area and in Yamhill Valley wine country. One year ago, Simpson sold majority control to Golden Leaf Holdings, a publicly held Canadian company with deep pockets and some eccentric characters—including board member Michael Cohl, who used to promote concert tours for acts like the Rolling Stones, Pink Floyd, U2 and Barbra Streisand.
Since that sale, Chalice has expanded from four to seven dispensaries, with another currently under construction. The company also obtained cultivation, extraction and processing licenses in Canada, California and Nevada. Kevin [Reed], the head of BlackShire, said it would be very difficult to realize that vision as a global brand without more money.
He told me, 'You want to basically become the Starbucks of cannabis. How about I help you do that, because I believe in it? We know the best franchises out there are modeled like McDonald's. A year ago, 71 Oregon retailers belonged to a chain of three or more locations. Today, the state has such retail stores, according to Oregon Liquor Control Commission figures—an increase of 62 percent.
Part of that growth is the expansion of the industry itself, but more of the change is due to consolidation as big players gobble up mom-and-pop shops. More than 1 in 5 of Oregon's dispensaries now belong to a chain. Thomas Teal There's every sign consolidation of the industry will continue, particularly given that the drop in the price of cannabis has threatened the profit margins of dispensaries "Too Much Weed," WW, April 18, Chains can buy up struggling mom-and-pop shops and run them at a loss using investor dollars to prop up the business until the market recovers.
The two most expansion-minded companies are Chalice which says it wants to open two more dispensaries in San Jose, Calif.
Nectar has seven shops within Portland city limits and four more statewide. Its website openly advertises the company's desire to snap up dispensaries. Nectar, Samuel Gehrke Expanding just as rapidly across Oregon is La Motaa chain with 10 dispensaries across the state but just three in Portland.
Growers moan about La Mota's low bids for flower after a surplus of weed crashed the market. But the company's young CEO, Rosa Cazares, has also earned praise for promoting inclusivity by hiring mostly women as budtenders in her stores.
The company's staff is 80 percent female. Observers are impressed by the growth of La Mota and its fellow weed chains.senior reporter On Friday, in Lerner Hall 70 graduate students from the Alfred Lerner College of Business and Economics presented strategies to sell legal marijuana effectively.
The ideas were conceptualized for the annual Carol A. Ammon Case Competition was “Cannabusiness” in Washington D.C. On January 14th, Oakland-based ArcView Group, the first cannabis-focused angel investing network and the publisher of the State of Legal Marijuana Markets research, filed a Form D with the.
May 20, · From Kush God to kosher weed, watch Fusion cannabusiness reporter Ryan Nerz's deep dive into the politics of pot in Washington, D.C.
-- where lax . In Start Your Own Cannabis Business, marijuana, biotech, and entrepreneurship reporter Javier Hasse introduces forward-thinking entrepreneurs like you to the industry and shares hard-earned tips and success stories from pioneers and visionaries in the marijuana industry.
Letting residents grow their own marijuana has run into opposition from other industry groups, including the Washington CannaBusiness Association, as documented by the Everett Herald. They cited concerns over a federal crackdown. The Moscow Times reports that the footage, which aired on Rossiya 24 on October 5, has since been deleted from the station’s website and replaced by an edited version, though a clip of the unedited broadcast is still available on Facebook.