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How Meadow Is Building a Company and Community Around Cannabis

themacro.com

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Re: How Meadow Is Building a Company and Community Around Cannabis

#2
The Meadow team seems to be doing a great job. getMeadow.com is really well done and their move into dispensary inventory management software and a POS system is impressive. I have been following them closely and I was wondering if their move into inventory management might have been due to dispensaries not being that interested in a grubhub style ordering service. I am curious about this because I have been working on a "grubhub for cannabis" site of my own and I have found dispensary interest in this SaaS product to be tepid.

Re: How Meadow Is Building a Company and Community Around Cannabis

#4
The DEA is now looking into moving marijuana off schedule I. That would make it a regular prescription drug, with regular prescriptions, distribution through pharmacies, and insurance coverage. If that happens, the whole "dispensary" business will collapse.

Re: How Meadow Is Building a Company and Community Around Cannabis

#5
post #4

The DEA is now looking into moving marijuana off schedule I. That would make it a regular prescription drug, with regular prescriptions, distribution through pharmacies, and insurance coverage. If that happens, the whole "dispensary" business will collapse.

I don't know the legal specifics of this, but is that actually true? It is schedule 1 right now, which means it federally has no medical use, yet there are states that successfully empowered themselves to (1) legalize for recreational use, e.g. CO and (2) legalize for medical use from dispensaries, e.g. CA.

How would a reduced federal scheduling level for cannabis also reduce the state's power?

Re: How Meadow Is Building a Company and Community Around Cannabis

#6

I wonder what kind of regulations exist for Meadow. When I opened up a business (not marijuana related) bank account in Colorado, they only had one question: "Is this a marijuana business?"

I was wondering the same. Because they're a middle man perhaps they can take in cash and deposit it into a normal bank account?

Re: How Meadow Is Building a Company and Community Around Cannabis

#7
post #4

The DEA is now looking into moving marijuana off schedule I. That would make it a regular prescription drug, with regular prescriptions, distribution through pharmacies, and insurance coverage. If that happens, the whole "dispensary" business will collapse.

In California (and in Colorado before legalization) dispensary customers are overwhelmingly recreational users, given recommendation letters from "specialists" who issue them with no medical exam. Their "demonstrated medical needs" would never pass muster with a, say, Kaiser doctor.

The dispensary business won't collapse because they are not competing with pharmacies. Though it will be fun to watch the insurance companies push back when pot is prescribed for whiplash, colorblindness, and genital herpes.

Re: How Meadow Is Building a Company and Community Around Cannabis

#8
post #4

The DEA is now looking into moving marijuana off schedule I. That would make it a regular prescription drug, with regular prescriptions, distribution through pharmacies, and insurance coverage. If that happens, the whole "dispensary" business will collapse.

In California (and in Colorado before legalization) dispensary customers are overwhelmingly recreational users, given recommendation letters from "specialists" who issue them with no medical exam. Their "demonstrated medical needs" would never pass muster with a, say, Kaiser doctor. The dispensary business won't collapse because they are not competing with pharmacies. Though it will be fun to watch the insurance comp…

> Though it will be fun to watch the insurance companies push back when pot is prescribed for whiplash, colorblindness, and genital herpes.

Luckily, the price will be so low, even after-tax, that you won't need insurance to fund your cannabis consumption.

Re: How Meadow Is Building a Company and Community Around Cannabis

#10
post #4

The DEA is now looking into moving marijuana off schedule I. That would make it a regular prescription drug, with regular prescriptions, distribution through pharmacies, and insurance coverage. If that happens, the whole "dispensary" business will collapse.

Have you considered that they could de-schedule it altogether? Unlikely, but about as likely as killing a nascent gold-mine in business revenues, employment and tax receipts. Pandora's Box is already open and while Big Business may want to cut everyone else out and monopolize cannabis revenues, it's not going to happen.
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