Interview with Scott Smith

Sam Goldman: It was important to legalize MMJ in Minnesota because ____

Scott Smith: Legislation passed during the 2014 Minnesota legislative session created a new process to permit seriously ill Minnesotans to use medical cannabis to treat certain medical conditions and for the state program to learn from our patients’ experiences with medical cannabis.

Sam: The Office of Medical Cannabis was formed in 2014. Can you please briefly describe their role in the program?

Scott: The Office of Medical Cannabis, located at the Minnesota Department of Health, was formed in 2014 to implement the new medical cannabis legislation. The office operates the patient registry system and oversees Minnesota’s medical cannabis program including regulating the state’s medical cannabis manufacturers to ensure patient safety.

Sam: The steps to join the MN MMJ program are?

Scott: Patients must be certified by a qualified clinician as having one of the qualifying medical conditions. They then must register and pay a registration fee that is established by the legislature.

Sam:  How many patients are enrolled in the MMJ program?

Scott: The most current information is at this website.

http://www.health.state.mn.us/topics/cannabis/about/stats.html

Sam: Why is the list of doctors willing to recommend MMJ private?

Scott: The Legislation did not direct MDH to create such a list and MDH does not maintain such a list. Lawmakers wrote the law so that medical cannabis use would occur within the context of an ongoing relationship with a clinician who is treating the patient’s underlying condition causing the need for the medication.  A list would be antithetical to this goal so the law did not give MDH the authority to create and maintain such a list.

There is nothing in the law that stops members of the public or physicians from creating such lists.

Sam: Only two companies are allowed to sell MMJ. Will other companies be added to the list? If not, why not?

Scott: The law currently limits the program to two manufacturers. There would need to be additional legislation to change the number of manufacturers.

Sam: Many Minnesotans are unable to afford MMJ. When will the prices resemble the prices of MMJ in other states?

Scott: The Office of Medical Cannabis does not have authority to regulate the price of medical cannabis in the state.

Sam: Currently joints, bongs, and editable are illegal. Will the program always impose these restrictions?

Scott: Such a change would require Legislative action.

Sam: Employed patients and job seekers have what legal rights?

Scott: The law includes some protections for registered patients and job seekers.

Sam: In 5 years the MN MMJ program will be?

Scott: Not our role to speculate.

Will Australia Let Hemp Foods Help?

Australia’s small town 

It is only 21 °C outside in Bangalow. The Small Australian town is known for tourism. Although that could change. The potential culprit is Hemp Foods Australia. A local company thriving online. Hemp Foods can Impact the local economy the same way. However, FSANZ is in their way.

Millions of Australians purchase food. Not to mention all of the hungry tourists. Therefore there is a potential demand for hemp food. It would also help the local agriculture industry.  But most importantly it would reward local businesses. Especially in the hemp food industry.

 Hemp Foods Australia. 

Many companies relocate to tax havens. However, Hemp Foods Australia isn’t one of them. It still resides in a town of 1,902 people. 765 kilometers north of Sydney. The Australian company loves its country. The FSANZ should love it back.

States and countries thank companies for doing the right thing. FSANZ is looking the other way. A response that hurts Australia and harms Bangalow. Green Bay Wisconsin has the Packers. Bangalow has a lot of things. But lacks international recognition.

Famous cities generate the most money. Although that isn’t their main purpose. It does benefit countries. Small towns are often dying. Bangalow isn’t one of them. The city has too much to offer.

Bangalow is more than just a small town. It features cafes, a market, and a beautiful bay. The problem is it is still relatively unknown. Hemp Foods Australia can change that. In fact, they already are. Unfortunately, they can’t do everything.

The city of London has famous landmarks. Their revenue helps feed the whole economy. Legal hemp food items will do the same. Creating jobs and increasing tourism. This industry will place Bangalow on the map. As a result, New Wales and the continent of Australia will benefit.

 Food has always been there 

Food and beverages have shaped human history. It isn’t hard to imagine hemp foods doing the same. Because they aren’t psychoactive and are super healthy. Plus the plant is very easy to grow. One would think it would be an appealable option. Publicly and financially.

Kangaroos recently ruined another golf tournament. An opera house still occupies Sydney. The year is 2017 Australia. It is time to reinvent the country’s image. Meaning legalized hemp food items. Cannabis legalization worked for Colorado.

Legal cannabis is very profitable.

Colorado’s legal weed industry generated 1.3 billion dollars last year. The products aren’t available to everyone. Due to multiple enforced legal restrictions. Every human being can consume Hemp food items.  Imagine how much money Bangalow can generate. Then again imagine how much Australia can make.

The country of Australia needs Hemp Foods Australia. Billionaires have historically bailed out economies. Hemp Foods is no different. In terms of their importance. Multiple companies can kickstart the industry. However if legalized only one can pull it off.

Hemp Foods Australia’s web presence is no joke. They have mastered the art of SEO. Secondly, they are invested in their local economy. The company checks everything off the list. If legalization happens the country will ascend to new heights. Permanently changing the future of the Australian economy.

Interview with Dana Wallace

2cacb75

 

Sam Goldman: The legal cannabis industry offers multiple opportunities. Why did you choose real-estate and what was required to begin selling it?

Dana Wallace: I have been a licensed real estate agent since 2002 and obtained my real estate broker’s license in 2014.  I have specialized in investor acquisitions throughout my career and so as I saw legalization of Cannabis coming our way here in California, I made a decision to align myself with the industry.  It was important to me as well, because I see this plant as a miracle.  There are so many holistic uses to heal various illnesses and conditions. This isn’t just about growing marijuana and people sitting around smoking.  This is progression in a positive direction, especially for the huge numbers of people who will now have other options besides addictive pharmaceutical pills.

Sam: Is your industry regulated enough?

Dana: This is a work in progress! We are in an all new world and many things are happening quickly, not only in local governments, but on the state level.  My experience is that each city counsel, each county counsel and the state itself, is working to outline the process for how things will proceed.  My license holds me to the highest standard and I believe in nothing but conducting myself in a transparent and forthright manner.  We approach each property or business deal with a mindset that it will take some time to do our due diligence and make sure that everything is compliant. It’s a case by case basis.

Sam: A first-time cannabis real-estate buyer needs to do what?

Dana: Know their numbers.  When looking at a property and it’s use, run numbers on what that property will yield and all of the costs associated with running the property or the business. For example, if the property is for cannabis cultivation.  First of all, is it zoned correctly? Can it be permitted or is it permitted and/or in the permitting process? What is the usable square footage? How many lights? How many plants per light?  How many pounds per plant? What can you sell your product for? Run the numbers on price per pound on a conservative figure.  That way you have a cushion built in for market fluctuations.

Sam: How do you vet potential clients?

Dana: I ask my clients to create a bio of themselves.  Who they are and what their experience is. This is especially important, if they are looking for an investor to participate in their transaction.  The investor wants to know if they are an experienced professional.

With investors looking to purchase properties or business, I request a proof of funds in some form, so that there is viable documentation that they can move forward on a deal if it makes sense.

Sam: Legal cannabis industry participants are still vilified. Do you have any horror stories?

Dana: I know of a few incidents, after the legalization rolled out in November, of raids happening. Product was destroyed and arrests by authorities, for what was stated as compliancy issues.  Each person participating in the Cannabis space, needs to be hyper aware of what the ordinances are and how to comply as closely as possible with these, so that this risk is minimal.

Sam: The cannabis real-estate law every client should know is?

Dana: Check the zoning of the property identified.  Check if this property is or can be approved to do Cannabis related businesses at that property.  What is the permit/licensing process? Or get proof of the documentation that the owner/seller is claiming they have, to allow Cannabis related businesses at that property.  Verify all information.

Sam: Do you currently have any properties available?

Dana: Yes, I do!

Sam: How much would the cannabis real-estate industry be worth if it was legal throughout the country?

Dana: That’s a number I can’t quite quote, but if we are to believe the articles and projections…billions.

Sam: The most rewarding part of your job is?

Working with people.  I have met so many down to earth people who are extremely proud of their work in the Cannabis space.  They have so much experience and are ready to share it with the world and they couldn’t do that before.  It’s rewarding to be able to help them come out of the shadows and create the businesses they always dreamed of.

Sam: How can people find 420 real-estate online?

Thank you for asking! My website is www.420estates.net.  You can also find me at @420estates4u on Twitter and 420estates4you on Instagram.  My Linkedin profile is www.linkedin.com/in/wallacedana/