Marijuana Business Magazine - Issue 09, Oct 2017

lNSlGHTFUL lNDUSTRY OBSERVATlONS What They’re SAYING “It is extremely important that, as this industry develops here in the city of Los Angeles, it is done with consciousness, that it is science (and) data driven (and) based … We intend to protect legal businesses here serving Los Angeles.” – Cat Packer on the approach she plans to take as executive director of Los Angeles’ newly formed Department of Cannabis Regulation. Source: City News Service "If you don't have enough flower for the foreseeable future ... you shouldn't open. That's like going to a soft opening for a restaurant and all they have is buns for the hamburgers. No meat. No filler." – Chris Garth , executive director of the Hawaii Dispensary Alliance, on his concerns about medical marijuana businesses opening without enough product. Source: Marijuana Business Daily “Marijuana is a property industry, a real estate industry. Square foot equals revenue equals profit. Early on, you had to get low rent because you didn’t have a lot of revenue. But now that revenues are higher, (cannabis retailers) are moving into nicer areas.” – Greg Gamet , founding partner in cannabis businesses in Colorado and California, on the evolution of marijuana companies initially locating in low-income areas and then moving to more desirable digs. Source: Marijuana Business Daily 128 • Marijuana Business Magazine • October 2017