Wharton Business Radio

Cannabusiness: The Marijuana Industry

CannaBusiness: A Look at the Marijuana Industry examines the current and future state of the marijuana industry across a range of topics such as legal landscape, policy barriers, investing in cannabis, medical marijuana, and marketing a product that is still technically illegal at the federal level.

Did you miss our special on air? Check out the audio below, and subscribe to Wharton Business Radio Highlights wherever you get your podcasts!

Replay times on SiriusXM Channel 132:
Friday 3/1 @5PM Eastern and again @9PM Pacific
Saturday 3/2 @7PM Eastern
Sunday 3/3 @8AM Eastern and 6PM Eastern

Air Date: Tuesday, February 26, 2019 on SiriusXM 132

Hosted By

The Legal Landscape: Steve DeAngelo and Paul Seaborn

Air Time: 12:00 pm
Featuring: Paul Seaborn, Steve DeAngelo

Regulations & Banking: John Hudak and Seth Goldberg

Air Time: 12:20 pm
Featuring: Seth Goldberg, John Hudak

Investing in Cannbis: Troy Dayton

Air Time: 12:40 pm
Featuring: Troy Dayton

Owning a Cannabusiness: Chuck Smith

Air Time: 1:00 pm
Featuring: Chuck Smith

Medical Marijuana: Dr. Stuart W. Titus

Air Time: 1:20 pm
Featuring: Stuart W. Titus

Marketing Marijuana: Ricardo Baca and Elizabeth Hogan

Air Time: 1:40 pm
Featuring: Elizabeth Hogan, Ricardo Baca

Featured Guests

Chuck Smith

Co-Founder, President and CEO, Dixie Brands Inc.

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Chuck Smith is the President and Chief Executive Officer for Dixie Brands Inc, the parent company of the Dixie Elixirs & Edibles brand, as well as Therabis, and Aceso Wellness, two of the leading hemp supplement brands. As one of two original founders of Dixie, Chuck helped the company grow from a “garage operation” to a 27,000 square foot state-of-the-art, vertically integrated manufacturing facility that was the first-of-its-kind for the marijuana industry.

Prior to building Dixie Brands, Chuck was President of Bella Terra Realty Holdings where he oversaw all aspects of the Bella Terra Resort Development Company. He was also President of Sagebrush Realty Development and was responsible for developing, selling and managing residential condominium projects valued at over $85 million in revenue. Chuck has over 25 years of experience in a variety of industries, including holding the position of Chief Financial Officer for a mid-sized retail apparel chain and has built and managed sales and marketing teams for private and publicly traded technology companies.

Chuck has a Bachelor’s degree in Accounting from the University of Maryland and an MBA from the Owen Graduate School at Vanderbilt University.

Full Profile

Elizabeth Hogan

Vice President of Brands, GCH Inc.

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Elizabeth Hogan is Vice President of Brands for GCH Inc., which develops and licenses cannabis lifestyle brands for regulated cannabis markets.

Established in 2014 with artist and advocate Willie Nelson, GCH Inc. owns and operates the flagship brands Willie’s Reserve and Willie’s Remedy. Ms. Hogan leads development of the company’s brand portfolio, and is responsible for strategy, marketing and aligning product and partner opportunities in the evolving consumer cannabis market. Her efforts have helped elevate the Willie’s Reserve cannabis product line and Willie’s Remedy hemp-derived products as iconic American brands.

Previously, Ms. Hogan directed consumer-driven strategy projects for clients around the world, including Corona, Samsung, Starbucks and Kaiser Permanente.

Ms. Hogan earned a bachelor’s degree in anthropology from the University of Virginia. She lives in Seattle, where she enjoys the local music scene and catching live shows.

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Ricardo Baca

CEO & Founder, Grasslands Agency

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He is the world’s first (and “most prestigious” according to Vice) marijuana editor; founder of The Cannabist; primary subject of Rolling Papers, a documentary released theatrically in February 2016; one of Brookings Institution’s 12 Key People to Watch in Marijuana Policy; one of Fortune magazine’s 7 Most Powerful People in America’s Marijuana Industry; one of Time magazine’s 140 best Twitter feeds; one of Sensi magazine’s 24 Cannabis Pioneers Who Matter.

Ricardo is a leading cannabis legalization expert profiled by The New York Times, Poynter, The View, The Colbert Report, Wait Wait Don’t Tell Me — and a trusted source on all things marijuana (regulations, policy, implementation, normalization) by This Week With George Stephanopoulos, Buzzfeed, All Things Considered, The Guardian, Esquire, Fast Company, Al Jazeera, BBC, Mashable, International Business Times and CBC

Full Profile

Stuart W. Titus

CEO and President, Medical Marijuana Inc.

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Dr. Stuart W. Titus, Ph.D., has been the Chief Executive Officer and President of Medical Marijuana, Inc. since March 18, 2015. Dr. Titus is the Chairman of the board of Director and Acting Chief Financial Officer of Medical Marijuana Inc. He is the Co-founder and serves as President of General Hemp, LLC which with Titus at the helm has managed the emergence and growth of several other companies, including CannaVest, KannaLife Sciences Inc. (Board Member) and KannaWAY. Dr. Titus is an Industry Icon and Innovator, having been involved in all aspects of the medical marijuana and industrial hemp industries, Dr. Titus was the number seven investor in Medical Marijuana, Inc., having invested in its seed financing. Dr. Titus has been involved in the development and investment of several industry-leading cannabis and industrial hemp businesses. Dr. Titus’ expertise in finance was forged on Wall Street, where he worked as a bond trader for 11 years, managing a trading and underwriting department as a Vice President for CS First Boston Corp. Dr. Titus also has a unique background in health. Post-Wall Street, he worked as a British Physiotherapist for over 15 years, having run clinics that specialized in integrative pain management and injury rehabilitation, which treated over 40,000 patients. Dr. Titus is active in the medical community with specific interest in electro-physiotherapy as well as in anti-aging medicine. He holds a Fellowship with the American Academy of Pain Management and clinical association with the American Association of Integrative Medicine. Dr. Titus has unique first-hand experience with hemp oil products as nutritional supplements, having found great relief from Lyme’s disease symptoms after beginning a regimen of high-concentration CBD therapeutic hemp products. He has been a Director of Medical Marijuana, Inc. since March 18, 2015. Dr. Titus is a graduate of Rollins College in Winter Park, Florida, where he majored in Economics and minored in Business Administration. He earned his Ph.D. degree from the Open International University, which is a World Health Organization (WHO) chartered affiliate.
Full Profile

Troy Dayton

CEO, ArcView

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Troy is an elected board member for the Marijuana Policy Project and was formerly their top fundraiser and lead liaison to the legal cannabis industry. He is a founding board member of the National Cannabis Industry Association and co-founder of Students for Sensible Drug Policy, which is now on over 200 campuses. Troy also helped launch and served as the first sales director at Renewable Choice Energy, which was recently named the #1 green power provider by the EPA. He was recently named by Fortune Magazine as one of the top 7 most powerful people in the cannabis industry. In his spare time, Troy enjoys karaoke and the Burning Man festival.
Full Profile

Seth Goldberg

Partner, Duane Morris Cannabis Interdisciplinary Group

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Seth A. Goldberg counsels clients in business and litigation, with a particular emphasis in highly-regulated industries, such as healthcare, pharmaceuticals and cannabis/hemp. He serves as a team lead for the Duane Morris Cannabis industry group.

Companies, directors, and individuals involved in antitrust, commercial litigation, regulatory actions and securities matters rely on Mr. Goldberg’s extensive experience with complex legal and business issues and his strategic decision-making to guide them toward optimal results.

As an active, seasoned trial lawyer, who regularly appears in federal and state courts, arbitral forums, and before federal and state regulatory agencies, including the SEC, FTC and state attorneys general, Mr. Goldberg has become a go-to lawyer in high-stakes cases and corporate investigations.

In addition, Mr. Goldberg’s unique experience in highly-regulated markets, combined with his entrepreneurial interests, has led to his involvement with the emerging cannabis and hemp industries. In these markets he advises core and ancillary cannabis and hemp companies, including growers, processors, dispensaries, and infused-product manufacturers, real estate developers, universities and university research centers, raw materials companies, and investors in a wide array of regulatory and business matters pertaining to their legal marijuana activities.

His leadership in the cannabis and hemp spaces has resulted in Mr. Goldberg’s role as head of the firm’s multidisciplinary cannabis practice, which is comprised of dozens of lawyers spanning the firm’s numerous practice areas. In October 2018, Mr. Goldberg was recognized as a Trailblazer in Cannabis Law by the National Law Journal. In November 2018, Mr. Goldberg was named one of the 30 powerful cannabis attorneys to know in the cannabis industry by MG Magazine.

Full Profile

Paul Seaborn

Assistant Professor, Department of Management, Daniels College of Business

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Paul Seaborn joined the management faculty at the Daniels College of Business, University of Denver in 2011 after completing a PhD in Strategic Management at the University of Toronto’s Rotman School of Management. Prof. Seaborn has published scholarly articles in the journal Business & Society and Case Research Journal and has been the recipient of multiple teaching awards, including the top Daniels faculty teaching award and recognition as one of Poets & Quants Top 40 Undergraduate Business Professors in 2017. Professor Seaborn’s research and teaching interests lie at the intersection of business strategy and government policy with a particular focus on regulated industries including the marijuana/cannabis industry. In 2014, he published one of the first-ever teaching cases on the marijuana industry and in 2017 taught the first-ever Business of Marijuana course at any AACSB-accredited business school. Since 2015, he has organized or participated in numerous conference presentations and symposia related to the marijuana industry and his analysis of the industry, including his Colorado Marijuana Market Report, has been featured in over 25 different media outlets.
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Steve DeAngelo

Co-Founder and Executive Director, Author, Harborside

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Steve DeAngelo, a globally recognized cannabis leader, was dubbed “the father of the legal cannabis industry” by former Speaker of the California Assembly Willie Brown.

Steve is a lifelong activist, author, educator, and entrepreneur who has spent over four decades on the front lines of the cannabis reform movement. His most notable business achievements include co-founding the Harborside dispensary group, which includes one of the first six dispensaries licensed in the United States; Steep Hill Laboratory, the first cannabis analytics company; and the Arc View Group, the first dedicated cannabis investment network. Most recently he founded, FLRish, Inc., one of California’s largest vertically integrated cannabis companies. FLRish cultivates, processes, manufactures, distributes, and retails cannabis products in several facilities throughout the state.

Steve is also the author of The Cannabis Manifesto, and originator of the wellness approach to understanding cannabis. He played a key role in the passage of Initiative 59, Washington DC’s medical cannabis law; the passage of Prop 64, California’s adult use law; and successfully defended multiple legal attempts by US federal authorities to shutter the doors of Harborside.

His media projects include the starring role in Weed Wars, the first cannabis-oriented reality TV show, produced by the Discovery Channel in 2011; and a soon to be launched weekly TV show, Ask Steve DeAngelo, on greenflowermedia.com.

Steve believes that a profitable, ethical, politically engaged cannabis industry will be the most powerful force in spreading cannabis reform to every corner of the planet. He will not rest and he will not stop until the last cannabis prisoner is free.

Full Profile

John Hudak

Deputy Director, Center for Effective Public Management; Senior Fellow, Governance Studies, Brookings Institution

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John Hudak is deputy director of the Center for Effective Public Management and a senior fellow in Governance Studies. His research examines questions of presidential power in the contexts of administration, personnel, and public policy. Additionally, he focuses on campaigns and elections, legislative-executive interaction, and state and federal marijuana policy.

John’s 2016 book, Marijuana: A Short History, offers a unique, up-to-date profile of how cannabis emerged from the shadows of counterculture and illegality to become a serious, even mainstream, public policy issue and source of legal revenue for both businesses and governments. In it, he describes why attitudes and policy have changed, and what those changes mean for marijuana’s future place in society.

His 2014 Presidential Pork: White House Influence over the Distribution of Federal Grants demonstrates that pork-barrel politics occurs beyond the halls of Congress. Presidents capitalize on their discretionary funding authority to target federal dollars to swing states in advance of presidential elections. His other work explores how agency staffing, expertise, and institutional structure facilitate or hinder presidential power and influence. This research explores the balance between political control and bureaucratic expertise in the delivery of public policy.

John’s work has been recognized for its quality and contribution by the Midwest Political Science Association and the American Political Science Association’s Presidency Research Group. His work has been supported by institutions including the National Science Foundation.

Prior to joining Brookings, John served as the program director and as a graduate fellow at the Center for the Study of Democratic Institutions. He holds a B.A. in political science and economics from the University of Connecticut and an M.A. and Ph.D. in political science from Vanderbilt University.
Full Profile

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