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1.78 MB
Extraction Summary
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People
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Organizations
4
Locations
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Events
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Relationships
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Quotes
Document Information
Type:
Investment report / market analysis
File Size:
1.78 MB
Summary
This document is page 42 of a 'Cannabis Investment Report' published by Ackrell Capital in December 2017. It analyzes the regulatory requirements for cannabis dispensaries, specifically regarding state licensing and compliance ('seed to sale' tracking). The report highlights the density of dispensaries in Colorado compared to Starbucks and McDonald's locations and discusses the emerging role of e-commerce and mobile applications in the cannabis sector, noting current federal restrictions on interstate commerce. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a production for a Congressional investigation.
Organizations (7)
| Name | Type | Context |
|---|---|---|
| Ackrell Capital, LLC |
Investment firm issuing the report
|
|
| Rocky Mountain High-Intensity Drug Trafficking Area |
Cited as the source for dispensary statistics in Colorado
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| Starbucks |
Used as a benchmark for the number of locations compared to dispensaries
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| McDonald's |
Used as a benchmark for the number of locations compared to dispensaries
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| FINRA |
Listed in footer membership
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|
| SIPC |
Listed in footer membership
|
|
| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT_024678'
|
Locations (4)
| Location | Context |
|---|---|
|
Cited as a state with extensive dispensary networks and specific statistics
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Cited as a state with extensive dispensary networks
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Cited as a state with extensive dispensary networks
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Cited as a state with long-standing medical cannabis laws
|
Key Quotes (3)
"Because dispensaries “touch the plant,” they must usually obtain a state license."Source
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Quote #1
"For example, according to the Rocky Mountain High-Intensity Drug Trafficking Area, as of June 2017, in Colorado there were 491 cannabis dispensaries, compared to 392 Starbucks and 208 McDonald’s."Source
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Quote #2
"Due to federal restrictions, cannabis e-commerce transactions are currently conducted only intrastate."Source
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Quote #3
Full Extracted Text
Complete text extracted from the document (2,481 characters)
ACKRELL
CAPITAL
Cannabis Investment Report | December 2017
CAPITAL
Cannabis Investment Report | December 2017
Because dispensaries “touch the plant,” they must usually obtain a state license. Obtaining a state
dispensary license generally involves a multi-month application process that requires the applicant to
demonstrate compliance with complex license criteria and local regulations, such as producing their
own products (or being prohibited from doing so), locating their dispensary outside a city’s ordinary
retail or commercial zones, operating as a nonprofit cooperative or collective, tracking cannabis prod-
ucts from “seed to sale,” and collecting taxes on behalf of the state. Dispensaries must also comply
with applicable regulations related to product testing, packaging and labeling, security, and health and
sanitary conditions.
dispensary license generally involves a multi-month application process that requires the applicant to
demonstrate compliance with complex license criteria and local regulations, such as producing their
own products (or being prohibited from doing so), locating their dispensary outside a city’s ordinary
retail or commercial zones, operating as a nonprofit cooperative or collective, tracking cannabis prod-
ucts from “seed to sale,” and collecting taxes on behalf of the state. Dispensaries must also comply
with applicable regulations related to product testing, packaging and labeling, security, and health and
sanitary conditions.
An extensive network of dispensaries across jurisdictions will facilitate the growth of the cannabis
industry and its ability to attract new consumers. Currently, states with the most extensive networks
of dispensaries are those that have both recreational and medical cannabis laws, such as Colorado,
Oregon and Washington, and those that have had medical cannabis laws for a long period of time, such
as California. For example, according to the Rocky Mountain High-Intensity Drug Trafficking Area,
as of June 2017, in Colorado there were 491 cannabis dispensaries, compared to 392 Starbucks and
208 McDonald’s.
industry and its ability to attract new consumers. Currently, states with the most extensive networks
of dispensaries are those that have both recreational and medical cannabis laws, such as Colorado,
Oregon and Washington, and those that have had medical cannabis laws for a long period of time, such
as California. For example, according to the Rocky Mountain High-Intensity Drug Trafficking Area,
as of June 2017, in Colorado there were 491 cannabis dispensaries, compared to 392 Starbucks and
208 McDonald’s.
E-Commerce
E-commerce refers to the use of digital applications to enhance the cannabis shopping experience. For
example, a mobile application may facilitate the comparison of cannabis products and pricing or the
delivery of orders from local dispensaries. These applications are being developed by a host of mar-
ket participants, ranging from software development companies to retail dispensaries. Due to federal
restrictions, cannabis e-commerce transactions are currently conducted only intrastate. If and when
federal restrictions change to allow interstate cannabis commerce, we expect that home-delivery and
e-commerce services will increase significantly. E-commerce solutions with high consumer engagement
(such as those providing reviews and price comparisons for a broad selection of products) will help
retailers acquire and retain customers.
E-commerce refers to the use of digital applications to enhance the cannabis shopping experience. For
example, a mobile application may facilitate the comparison of cannabis products and pricing or the
delivery of orders from local dispensaries. These applications are being developed by a host of mar-
ket participants, ranging from software development companies to retail dispensaries. Due to federal
restrictions, cannabis e-commerce transactions are currently conducted only intrastate. If and when
federal restrictions change to allow interstate cannabis commerce, we expect that home-delivery and
e-commerce services will increase significantly. E-commerce solutions with high consumer engagement
(such as those providing reviews and price comparisons for a broad selection of products) will help
retailers acquire and retain customers.
[Image of smartphone interface showing cannabis menu]
[Image of laptop interface showing cannabis product page]
[Image of laptop interface showing cannabis product page]
Sample E-Commerce Menus
42
© 2017 Ackrell Capital, LLC | Member FINRA / SIPC
HOUSE_OVERSIGHT_024678
© 2017 Ackrell Capital, LLC | Member FINRA / SIPC
HOUSE_OVERSIGHT_024678
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