MJBiz Buyers Guide: Sustainability - 16
MJBizDaily Buyers Guide Sustainability
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Waste disposal is one of the biggest sustainability obstacles for extraction companies.
FINDING BALANCE
While divisions within the extraction and processing sector represent a
significant hurdle, over-implementation of sustainable initiatives can also be
an issue.
" I have seen too many small companies fold or fail to launch because
they were too keen on sustainability-to the point that they could not be
profitable, " notes Alexander " Axie " Blundon, the CEO and co-founder of House
of Brandstracts, a cannabis manufacturing and distribution company based in
Asheville, North Carolina.
Alexander Blundon
According to Blundon, the creation of excess waste and regulatory systems
that overtax and overregulate businesses leave executives with less time and
energy to focus on sustainability. Despite these challenges, he remains optimistic.
" I believe that as the industry matures and the proliferation of cannabis continues, we will see a
return to the sustainable business practices that are inherent in this plant, " Blundon adds.
LACK OF GUIDANCE FROM STATE REGULATORS
Government agencies have done little to encourage private corporations to embrace sustainability,
according to Katie Stem.
" There are currently no concrete regulations or guidelines from the Environmental Protection
Agency, " she states. " Most government officials have no basis for dealing with cannabis and hemp
extraction, because it's been illegal for so long. "
16
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MJBiz Buyers Guide: Sustainability
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