Marijuana entrepreneurs hope to see green at pitch event

first_imgHomeBusinessMarijuana entrepreneurs hope to see green at pitch event Aug. 20, 2018 at 5:01 amBusinessFeaturedNewsMarijuana entrepreneurs hope to see green at pitch eventKate Cagle3 years ago420MarijuanaweedFile photo Investors looking to cash in on California’s burgeoning marijuana industry can learn about local start-ups this week at a pitch competition at Expert Dojo inside Santa Monica Place on Wednesday.“This is a booming, growing economy,” said Peter Vogel, CEO of Leafwire, the company behind the event. “Like any industry, getting in at the beginning rather than the middle or the end, you’re more likely to see bigger, more exciting returns.”Despite banking restrictions and other complications related to dealing with a product that is still illegal at the Federal level, cannabis-related companies secured more than $1.5 billion in the first quarter of 2018, according to New Frontier Data. Vogel said having a good lawyer is key to participating in the marijuana market.He said hesitant investors can start with one of 45,000 ancillary businesses that don’t directly deal with marijuana, but supply payment processing software, media, human resources, or compliance aspects of the industry.“For new investors, there’s less regulation and less exposure investing in those companies,” Vogel said. “It’s an easier entry point.”Nearly 30 states and the District of Columbia have legalized marijuana for either medicinal or recreational use. Leafwire estimates the legal industry is already worth $9 billion. Given the illegal nature (and stigma) surrounding the drug, many entrepreneurs are inexperienced and need guidance to scale their ideas and secure funding.In this state, second quarter tax revenue from cannabis totaled $74 million, according to new data from the California Department of Tax and Fee Administration (CDTFA). That amount does not include additional taxes imposed by cities. Santa Monica only recently permitted medical marijuana dispensaries in the city limits and does not currently allow recreational stores.Vogel’s event here is just one of a national cash call to get more investor money into the industry. He’s hosting similar “Shark Tank” inspired events in Miami, Oakland and Boston this fall. During the Future of Cannabis Pitch Competition, six companies will make three-minute pitches to a panel of judges. The panel of investors will award the winner with a $10,000 PR distribution from AxisWire and tickets to the High Times Cannabis Cup, the industry’s top competition for growers.Tickets are still available for the event at lajointventures.com and cost $19. The program will run from 6 p.m. – 9 p.m. at Expert Dojo, 395 Santa Monica Place on Wednesday, August [email protected] :420Marijuanaweedshare on Facebookshare on Twitteradd a commentKate CagleSenior ReporterSenior reporter for the Santa Monica Daily Pressview all postsLetters to the EditorCity Manager envisions a larger pedestrian zone for DowntownYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall9 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor20 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press20 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press20 hours agoNewsCouncil picks new City ManagerBrennon Dixson20 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter20 hours agolast_img read more

Richard Vann: EHS excellence

first_imgI don’t think anyone involved in the demolition profession, in any part of the world, would sit back and say: “Do you know what, I think my approach to EHS (environment health and safety) is only average” or “we’re safe but could be safer”. I would certainly hope that they wouldn’t.#*#*Show Fullscreen*#*# RVA Group managing director Richard Vann says true environment health and safety excellence is about more than just complianceI genuinely believe that clients, contractors and consultants alike, will all profess to be at the top of the EHS excellence ladder, and most will genuinely believe that they are. This is encouraging of course – it shows that a respect for safety is acknowledged and, in most cases, prioritised.But the problem lies in the fact that in the eyes of demolition professionals, EHS excellence is largely influenced by the mindset of the individual(s) that control an organisation. It is a cultural belief and has to be embedded in the corporate DNA. Corporate safety culture is not just a physical manifestation of safety rules. For it to be wholly effective it needs to run through the hearts and minds of anyone involved in a project.The fundamental environment health and safety questions So how can it be better defined?A company may stipulate unswerving rules regarding hard hats and safety goggles being worn on site, for instance. While this is of course an important and often mandatory requirement, actual safety management starts long before this – getting people to think about what they are doing, why they are doing it, and how are they going to do it in the safest way possible, are all fundamental questions.A less informed employee may always turn up in safety boots, then jump on and off the back of a wagon without a second thought and break an ankle. The safety believer will first ask – do I need to get on the wagon in the first place, is there a better alternative and if not, how do I ensure safe access and egress?For EHS excellence to be the genuine priority, it comes down to every action, however seemingly minor. There can be no cut corners. No compromises. Not even an ounce of dismissiveness. Because if there is, that says that safety isn’t really the priority after all. It implies that sometimes, it’s OK to not be safe, which we know of course is not the case. Safety is an absolute – there is no scale of safeness!Analysing and removing EHS hazardsI appreciate that some people think risk assessments can occasionally be too extreme. For example, I’ve lost count of the number of times I’ve heard people claim: “That’s health and safety gone mad.”And I must admit, there has been the odd time when I’ve also stopped and been shocked by how extensive some people’s safety-driven thinking is.I’m sure most people will have had their own internal “eye roll” moment. But really, if we’re all here to protect the welfare of ourselves and those around us, there can be no eye rolling – everything should be risk assessed.EHS excellence is therefore about analysing any hazards, both in advance and as they present themselves, deducing how and where these hazards can be removed completely, and then resorting to exploring the next best way to take the risk(s) to a minimum. Having a safety moment in every meeting, helps to establish safety excellence as a cultural norm. It challenges perceptions, prevents tardiness and showcases best practice.Because true excellence is admittedly about more than compliance alone. So, in that respect, it perhaps will always remain subjective. Some individuals feel that prohibiting the use of hands free when driving is a step too far, for instance, as they believe they can still concentrate on the road. Other organisations would not even contemplate permitting this, emphasising instead that a driver’s priority is to remain wholly alert and focused on the road.I suppose much of the debate comes back to Heinrich’s safety triangle – a model which has itself come under scrutiny and criticism in recent times. But the relationship between near misses, minor injuries and more severe incidents is comprehensible. And, when someone has an instinctive ability to identify hazards that other people wouldn’t ever see, that’s evidence that safety excellence has become front and centre.· Do you have a question for Richard? Send it to us and you may see it answered in print! E-mail [email protected] and we’ll pass it on. Please include your name, company and contact details, even if they are not for publication· Article first published in the September-October 2019 issue of Demolition & Recycling Internationallast_img read more