MJBizCon Recap

Last month, Sterlitech had the pleasure of attending MJBizCon in Las Vegas. The annual conference put on by Marijuana Business Daily provides networking and business opportunities to over 25,000 professionals in the cannabis industry.

Our sales engineer Kensen Hirohata enjoyed wandering the expo (though he regrettably couldn’t visit all 1027 booths) and joined in for a few of the many lecture sessions. There were some interesting topics and trends to come out of the conference:

 

 

 

  • Canada’s recent cannabis legalization – what does it mean for the global market and regulatory landscape? Canada could be a guinea pig for the rest of the Northern Hemisphere, so hopefully the process goes smoothly.
  • The role Big Pharma might play in the future of the cannabis industry – their influence could bring about more rigorous quality and compliance practices, but it does bring up concerns over their potential to swallow up small businesses and increase customer costs.
  • Impending decriminalization of hemp farming with the passing of the 2018 Farm Bill – this, combined with the removal of CBD from the list of controlled substances, creates an exciting opportunity for hemp farming and processing in the US.
  • Necessity for processors to be able to accurately calculate their Cost of Goods (COG) produced – the costs associated with winterization and distillation steps can pay off when creating refined end products.

Sterlitech offers a range of products to enable small-scale cannabis extractors and processors to create top-quality products for the consumer. We’re especially interested in helping our customers reduce their COG: our 150 mm vacuum filtration holders can help by maximizing batch size during dewaxing, and our Organic Solvent Nanofiltration membranes offer the potential to reduce overall steps in processing. For those looking at solvent-less extraction methods to reduce costs, we also carry Rosin Pressing Papers. To learn about these products and processes feel free to contact Kensen at [email protected].

Let us know what you think of these topics in the comment box below! We’re excited to see what’s on the horizon for this fast-paced industry.