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Cannabis professionals from all facets of the industry are set to make big strides

The 22 women selected for Marijuana Business Magazine’s Women to Watch list have crafted companies from the ground up, forged new woman-focused alliances and upended traditional business models as they’ve paved the way in this rapidly evolving cannabis industry.

But these women are alike in another way: In this new year, they are embarking on major undertakings as leaders in a nascent industry that, like the rest of corporate America, is dominated by men in the top jobs.

In 2017, women held 27% of the executive-level roles in the marijuana industry, according to a survey conducted by Marijuana Business Daily. The figure was down from an MJBizDaily survey in 2015 when 36% of firms reported having females in leadership roles.

That leadership disparity makes the goals set by the women spotlighted in the following pages worth watching even more. As these women pursue their ambitions and business plans, they’re finding ways to lift other women as they climb.

From the launch of multimillion-dollar venture capital funds crafted to back women-founded firms to new business accelerators aimed at mentoring women entrepreneurs, these leading ladies of cannabis are blazing new trails in ways that are leaving a lasting mark on the industry.

– Lisa Bernard Kuhn

 

Sara Gullickson
CEO, Item 9 Labs Corp. | Scottsdale, Arizona
BACKSTORY

Gullickson jumped into the cannabis industry at 26 and ran her own consulting firm from 2010 until 2018. In those eight years, she helped clients secure marijuana business licenses in more than a dozen states. Her business, Dispensary Permits, was acquired in late 2018 by Item 9 Labs, the company she now heads as CEO.

WHY TO WATCH

Last year, Gullickson pivoted to the plant-touching side of the industry, taking the reins at Item 9 Labs. The company operates a 50-acre outdoor medical marijuana grow in Arizona. It’s also focused on the development of technology and products that administer MMJ via an intranasal delivery system.

Under Gullickson, Item 9 Labs will serve as a parent company for multiple brands, including Nevada-based cultivation, processing and distribution firm Strive Wellness.

In addition, Item 9 Labs holds plant-touching licenses in three U.S. states, and Gullickson’s goal for 2019 is to acquire licenses in up to 10 markets: Arizona, California, Nevada, New Jersey, New York, North Dakota, Ohio, Oregon, Pennsylvania, and Washington state.

– John Schroyer
BEST BUSINESS ADVICE

“Slow and steady wins the race. I see so many people trying to get rich quick. If you work hard, remain dedicated to your core values and make savvy business decisions, profits will follow.”

 

To read the full article, click here.

Source: Marijuana Business Daily.

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With a booming medical-marijuana program and business-friendly regulations for dispensaries and farms, Arizona is a can’t-miss market for large cannabis companies that are growing across the 33 states with legalized medical or recreational use.

Arizona allows medical marijuana use with the recommendation of a doctor, and voters narrowly rejected recreational use in 2016.

Arizona’s 183,000 qualified patients not only increased by 21 percent in the last year, but the state’s requirement that marijuana farms be vertically integrated with a retail dispensary make it a lucrative market.

“There are a lot of really good craft companies,” said Sara Gullickson, CEO of Item 9 Labs Corp., a publicly traded cannabis company headquartered in Scottsdale. “But not a lot of people can grow like we can here.”

The Scottsdale company’s stock is traded on the over-the-counter market, which means it is not traded on major exchanges like the New York Stock Exchange or the Nasdaq. Item 9 tells investors it plans to operate in six to 10 markets in 2019.

Gullickson said that scaling up and operating in multiple states allows companies like Item 9 to offer better benefits to workers, such as a 401(k) retirement plan and health benefits…….

 

Read the full article and watch the interview clip here.

Source: AZ Central. The article was written by .

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