Blunt Business Cannabis Radio

Blunt Business is on location at Benzinga Miami 2024. In this episode, we sit down with Kyle Sherman, CEO of Flowhub, and Jeffrey Trappe from Planet 13 for exclusive conversations about the future of the cannabis industry.
Kyle Sherman shares his insights on the evolving landscape of cannabis technology, discussing how Flowhub is empowering dispensaries to streamline operations, enhance customer experiences, and drive sales. Jeffrey Trappe dives into the world of cannabis retail, revealing the strategies behind Planet 13's success as one of the largest and most iconic dispensaries in the world, and more specifically their ongoing expansion in Florida.


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Kevin Williams & Craig Small, Attorneys at Clark Hill, discussed the recent changes in the classification of cannabis and their implications for international trade and the cannabis industry. 
Kevin clarified his expertise on importing and exporting of cannabis accessories, while Craig, based in Colorado, offered insights on other areas of cannabis reclassification.
We also discussed the upcoming changes to the classification of cannabis, which would allow for greater scientific research into its health benefits and risks. He and Craig discussed the potential implications of the U.S. Drug and Drug Administration's decision to reclassify cannabis to a less restrictive category, expecting it to lead to more federal permits for cultivation and increase participation in the cannabis industry. However, they also highlighted uncertainties regarding FDA oversight and compliance, and raised questions about the potential impact on paraphernalia and support products for cannabis.


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We discuss cannabis investment opportunities, and regulatory hurdles with New Lake Capital Partners. CEO Anthony Coniglio, 
Anthony highlighted the importance of cash flow, cost reduction, and operational efficiency in navigating challenges and seizing growth opportunities. 
We also discuss the potential for individual investors pre-institutional entry, strategic investments, and regulatory complexities affecting the industry's trajectory.


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Robert M. DiPisa from Cole Schotz discusses recent developments in the cannabis industry in New York and New Jersey, with a focus on concerns about third-party advertising leading to consumer confusion. Legal challenges such as Leafly litigation and supply chain issues due to licensing delays were discussed. Additionally, insights were shared on proposed bills for psilocybin legalization in New Jersey for medicinal purposes. Robert highlighted his firm's emphasis on serving clients in the east coast region within these markets, providing a comprehensive view of the legal landscapes impacting cannabis businesses in both states and outlining key challenges and opportunities for industry stakeholders.


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We dive into the world of investment with Will McDonough, a titan in the financial industry and co-founder of Nancan Companies, as well as Chairman and Founder of Corestone Capital. With a track record spanning across continents and sectors, McDonough's insights are invaluable.
In this episode, we explore McDonough's journey through the financial industry, from managing billions at Goldman Sachs to co-founding ventures like Atlas Mara. We delve into his foray into cannabis investments, discussing the strategic moves and considerations behind portfolio entries.
McDonough shares his perspectives on emerging markets, including Green Energy Metals, the EV Market, and Bitcoin, shedding light on his approach to identifying opportunities and taking calculated risks.
We also explore McDonough's recent ventures into the adult beverages market with Nancan Companies. We discuss the launch of Nantucket LONGBIRD™ drinks, infused with hemp and CBD, and McDonough elaborates on the flavor profiles and the company's focus on serving the Massachusetts cannabis market.
Finally, we tackle the topic of investing in cannabis, analyzing the recent performance of cannabis stocks and the potential rewards and risks associated with this volatile market.


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Matthew Ginder, Partner in the Cannabis Law practice group at Greenspoon Marder talks about Florida's adult use cannabis legalization, with a focus on achieving voter approval for Amendment Three in 2024. Matt Ginder and Brasco debated THC restrictions, consumption locations, and industry support, highlighting concerns about opposition from healthcare industries and the importance of strategic messaging by Smart and Safe Florida. They contrasted failed ballot initiatives with Smart and Safe's streamlined approach, addressing legislative challenges and market influence concerns. The meeting highlighted regulatory hurdles, industry influence, and the strategic lessons guiding Smart and Safe Florida's approach post-legalization, including legislative discretion, industry funding impact, public messaging strategies, and tribal involvement under Amendment Three. Compliance efforts by current operators were commended for maintaining industry standards and perception.


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