Update From the Desk of Jane
I have been busily promoting our fundraise, managing current operations, and inking some BIG deals to be announced in the coming weeks. The fact is, legal cannabis businesses in America will continue to produce consumable products with more demand than supply. I am confident in the future of the cannabis industry. As a country, we must to provide opportunity for local businesses more than ever, and our state governments need the tax dollars regulated cannabis sales provide. The cannabis industry in Colorado pumped $302 million tax dollars into Colorado in 2019 alone. Colorado marijuana sales now have hit $7.79 billion total since recreational sales began in 2014, generating $1.21 billion in tax revenue. If you consider that the total population of Colorado is a few million less than New York City itself, the potential economic impact of cannabis tax dollars is unquestionable.
Related to crowdfunding, I was interviewed LIVE on Chicago's WGN News Radio on the Technori Podcast, you also can listen in Apple Podcasts. The Kingscrowd Founder Profile recently published is an in-depth Q&A diving into our product verticals, use of funds and competitive landscape in the cannabis industry. Also thrilled Ribbon.co, a women's blog, included me in their Five Women Leading the Cannabis Industry in 2020.
We have started spring promotions. Our prime placement in the Allume "Plant Pleasure" Chill Box delivered The Solo Pipe to Canadian customers and our Touch of Modern flash sale sold 237 units in 5 days. Green Valley Nation (an independent CBD product review site) included our CBD Coffee in their 'Everything You Need to Know about CBD-Infused Coffee' feature. Hippie Butler highlighted The Taster in 'The Smoker's Ultimate Guide to Chillums'. Per their product reviewer, "These beautifully crafted pieces will elevate your smoking experience. Made from premium borosilicate glass tubing, they are durable and practical to use on the go." If you don't know what a 'chillum' is, have a read.
Here in Denver, Westword High Style was a huge success! See for yourself in this slideshow of 50 images from the event. My speaking event is pictured in slides 8-11. I also added some of my personal pics from the event below-with famed designer Korto Momolu!
Regarding COVID-19: At this time, all operations are continuing as planned. Our team continues to work from our established home offices and our production facilities and storefronts remain open as usual, with extra precautions in place. Dispensaries provide necessary medication to millions of patients and I predict most will stay open. Many retail dispensaries offer pre-ordering online and delivery services which reduce human contact. Dispensaries are currently experiencing great demand with people stockpiling cannabis products. This American grown cash crop will continue to have more demand than supply, that is certain.
I hope everyone out there is maintaining some type of normalcy in these unsettling times and truly wish you all the best,
Jane