New York State of Mind, Cannabis Edition ft. Kaelan Castetter

This week we are breaking down the New York Cannabis Market We discuss: • Behind the scenes of New York Cannabis Policy conversation • Adult Use New York Expected timeline • Differences between NY, NJ, and Conn Chapters: 00:00:00 - Challenging the Federal Government with a 30-Page Letter & State of the Cannabis Industry with Kaelan Castetter 00:02:25 - Hemp Infused Wine: Unique Taste and Regulatory Challenges 00:04:53 - Developing a Hemp-Infused Wine with CBD Integration 00:07:23 - The Challenges of Infusing Wine with Cannabinoids 00:09:56 - The Challenges of Hemp and CBD Regulation 00:12:19 - Taking on the Federal Government and Lobbying for Small Businesses 00:14:36 - Barriers to Entry in the Cannabis Industry 00:16:57 - Compliance and Over-Regulation in the Cannabis Industry 00:19:20 - Presenting Data to Lawmakers in the Cannabis Industry 00:21:36 - The Difficulty of Anticipating Consumer Behavior in Cannabis Marketplaces 00:23:51 - The Flaws in the THC Taxation System 00:26:17 - Over-taxing the Consumer and Policymaker Stakeholders 00:28:30 - Allocating Tax Revenue from Cannabis Legalization in New York State 00:30:50 - The Gray Market and Slow Progress of Cannabis Legalization in New York 00:33:03 - Potential timeline for adult-use purchase in New York 00:35:27 - The Cap on Vertical Integration in NY and the East Coast vs. West Coast Cannabis Brand Battle 00:38:03 - The Potential Dominance of New York Cannabis Brands 00:40:10 - The Role of Luxury Brands in New York's Cannabis Industry and Surprising Facts about Cannabis Growth 00:42:45 - The Value of Colas and Misconceptions about Isolated Compounds in Cannabis Industry 00:45:01 - Listen and Learn, Never Assume You Know All 00:47:35 - California's Potential Dominance in the Cannabis Industry and New York's Market Challenges 00:49:53 - The Challenges of Supplying Quality Cannabis Kaelan Castetter is the Managing Director of Castetter Cannabis Group Kaelan has been in the New York hemp industry since 2015 as the founder of Sovereign Vines. Kaelan is also a co-founder of NYCGPA and helps to lead the discussion around adult-use cannabis legalization and legislative efforts. He played a key role in negotiations over the Hemp Extract Bill during the 2019 legislative session. the founder of Sovereign Vines: America’s Only Hemp Infused Wine and Castetter Sustainability Group (CSG), receiving the first issued hemp processor license in 2017. As CEO, he has developed CSG as a leader in helping New York hemp companies, and farmers navigate the complex supply-chain, regulations, and compliance on a state and national level. He strives to make CSG a leader in political, regulatory, and compliance advisement throughout the state and helping small businesses succeed in all sectors of the cannabis markets. Kaelan is also a co-founder of the New York Cannabis Growers & Processors Association, a group that was heavily involved in discussions around adult-use cannabis legalization and helped to write the Hemp Extract Bill during the 2019 legislative session. https://www.nycgpa.org/ https://www.castettercannabis.com/ This show is presented to by 8th Revolution: At Eighth Revolution (8th Rev) we provide services from capital to cannabinoid and everything in between in regard to the hemp & cannabis industry. Our forward-thinking team can diagnose, analyze & optimize every detailed nuance of your company to keep your business safe, smart, and profitable. Our flexibility and experience combined with ongoing research create unique insights into how to best grow your market share. Contact us directly at info@8threv.com Bryan Fields: @bryanfields24 Kellan Finney: @Kellan_Finney #cannabis #cannabisindustry #cannabisculture