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Perspectives on Social Equity in Cannabis and R&D Horizons

Learn more about Perspectives on Social Equity in Cannabis and R&D Horizons with Jim Makoso of Lucid Labs in this episode.

We saw Jim at #MWCannaBizCon in Detroit recently where we hosted a social equity workshop and Jim and I chatted a lot about what’s happening in the industry. NCIA has a DEI Committee as well as a DEI Scholarship Program for licensees. We start by talking about those state-by-state programs that are writing social equity licensing provisions into their state laws at the get-go rather than as an afterthought. Massachusetts was one of the first to do so. That’s an encouraging step in the right direction at the state level. In Jim’s home state in Washington, there are still some struggles there in getting full equity in their cannabis program. With that, we talk more about what Jim is seeing on the ground there.

As far as what else is on the horizon for our industry, I get really excited when we see more sophisticated research and products with various cannabinoids, not just the old CBD and THC “salt and pepper” combo. Now we can buy gummies specifically designed for sleep that features the cannabinoid CBN or CBG. We discuss what Jim is seeing out there as far as new products.

Jim Makos is the CEO of Flowe Technology and Director of Lucid Lab Group. Jim holds board seats in several organizations including serving as Vice-Chair of the Scientific Advisory Committee with the National Cannabis Industry Association. In Washington State, Jim is an active member of the Technical Assistance & Mentorship Workgroup in the Social Equity in Cannabis Task Force, a working group formed under the Governor’s Interagency Council on Health Disparities Before entering the cannabis industry, Jim cut his teeth on Wall Street as a finance professional. Recognized by industry peers as having expertise in processing and extraction technologies, Jim regularly contributes to printed publications in addition to speaking at some of the largest industry events around the country.