Show notes
In this podcast episode, Tom introduces himself as someone deeply involved in the cannabis industry, based in Illinois. His company, Collateral Base, is headquartered in Illinois, and he is also associated with Cannabis Legalization News and https://CannabisIndustryLawyer.com. Tom discusses the challenges of operating in the cannabis industry, particularly in navigating the complexities of accounting and classification of assets such as licenses. He shares an anecdote about getting kicked out of accountancy for asking about the classification of licenses in limited market states. The podcast then transitions to MITA's "Unshackled" at MJBizCon 2023, where they are covering various states and jurisdictions related to the cannabis industry. Demitri is joined by a co-host, Charlie, from DIZPOT, a custom packaging, branding, and logistics company based in Phoenix, Arizona. Charlie talks about DIZPOT's involvement in the cannabis industry and their focus on custom packaging. The conversation delves into their partnership and mutual appreciation for each other's contributions to the community. Later in the episode, Tom introduces himself to the audience, highlighting his presence on Cannabis Legalization News and his company, Collateral Base. Another guest, the media director for Arise, talks about Arise being a cultivator in Illinois, and Arizona, and their plans for expansion in California in 2024. Arise is recognized for being the largest aeroponic cannabis grower in the world.
The discussion touches on the history of cannabis legalization in Illinois, from the Compassionate Use Act in 2013 to the introduction of the Cannabis Regulation and Tax Act (CRTA) in 2019, legalizing recreational cannabis for adults. Tom provides insights into the challenges and controversies surrounding the licensing process, including lawsuits and lottery systems. The episode also explores Aerīz's brands, such as Aerīz flagship, Full Spectrum Hash Oil, Days Off (a more budget-friendly brand), and 93 Boys, a black-owned brand in partnership with Chicago rapper Vic Mensa. The podcast concludes with discussions on equity-based licenses, the nuances of craft grower licenses, and the potential for collaboration in the cannabis industry. Tom invites listeners to connect with him through CannabisIndustryLawyer.com for legal and industry-related inquiries. Overall, the podcast provides a deep dive into the cannabis industry in Illinois, covering various aspects from licensing challenges to the expansion of cultivation and brands like Aerīz. Video Version: https://youtu.be/I59DZ8E1sVE
Sponsored by: Curaleaf: https://curaleaf.com/ Dime Industries: https://dimeindustries.com Dope SEO: https://dopeseo.com/ Policy Quake: https://policyquake.com
Guests: Tom Howard and Ian Krass (https://www.linkedin.com/in/thomas-howard-attorney/) (https://www.linkedin.com/in/iankrass/) Executive Producer: Eric Williamson
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