NCIA’s 2021 Cannabis Business Summit & Expo Reaches New Bar

SAN FRANCISCO – The National Cannabis Industry Association (NCIA), the largest and oldest national trade association advancing the interests of the legal cannabis industry, hosted its 7th Annual Cannabis Business Summit & Expo December 15-17, 2021, at the Moscone Center in San Francisco. #CannaBizSummit gathered a lineup of more than 125 speakers, more than 80 educational sessions, and hundreds of exhibitors for a national audience.

Forward-thinking education

Highlighting a comprehensive educational agenda, #CannaBizSummit featured two high-profile keynotes focusing on the future of cannabis and essential issues.

  • In a candid conversation with MARY Magazine founder Adrian Farquharson, The Parent Company Chief Executive Officer Troy Datcher shared his personal stories and enlightened attendees about his work to make an impact in cannabis.
  • Professional athletes Calvin Johnson Jr., Rachael Rapinoe, Anna Symonds, and Marvin Washington presented the second keynote, with entrepreneur Jim McAlpine moderating. The panel, representing former players in the NFL, Women’s Premier League Rugby, NCAA, and European Professional Soccer, discussed the headline-making question “What is the role of cannabis in professional sports?” Rapinoe, a former professional soccer player and cofounder and Chief Executive Officer of cannabis brand Mendi, shared how athlete-advocates can have an impact on key issues in the United States: “High school athletes are 50 percent more likely to abuse and misuse opioids. We need to discuss this massive issue and look to cannabis and hemp as alternatives. My hope [is to] spark those conversations across the industry and help these high school or collegiate athletes, who are just so susceptible to opioid abuse, to look to this space for solutions.”

Praise for progress

San Francisco was selected for the summit for its landmark significance in the industry as the epicenter of the reform movement. This year marked the thirtieth anniversary of the 1991 Proposition P ballot initiative that legalized medical cannabis in San Francisco, as well as the twenty-fifth anniversary of California’s landmark Proposition 215, which extended medical legalization statewide. San Francisco Mayor London Breed delivered a welcome address highlighting progress made in the city’s cannabis market and emphasizing her mission to facilitate industry growth and expand access to consumers.

“I’m thrilled to see the industry return to San Francisco, where the movement for medicinal cannabis use began,” she said. “We will continue to implement policies that make this industry thrive, so people have access to the medicine they need.”

NCIA’s 2021 Cannabis Business Summit & Expo

BLOOMing

#CannaBizSummit marked the debut of BLOOM: A Brands Experience, showcasing an exciting, visually stunning neighborhood in which attendees were able to see, touch, and smell cannabis products for the very first time at an NCIA event. BLOOM spotlighted a curated selection of brands specializing in flower, pre-rolls, oils, edibles, and more, presenting their premium products for visitors within an immersive sensory enclave on the expo floor. BLOOM created a key resource for retailers seeking brands on the rise and next year’s best-sellers.

“The debut of BLOOM: A Brands Experience was quite an experience, indeed,” says Shawn Pierce, president of events at NCIA event partner MCI USA. “As I walked from one booth to another, I saw retailers, manufacturers, and distributors from across the country interacting with brands like never before, with the ability to see, touch, and smell real cannabis products for the first time at Cannabis Business Summit & Expo. Through BLOOM, we’ve introduced yet another unique and exciting element.” 

Concurrent events

The 3rd Annual CannaVest West Institutional Capital Forum, the only national trade association-sponsored investment forum connecting cannabis companies and accredited investors, offered hundreds of attendees intriguing educational sessions. Panel topics covered brand-building, finding “unicorns,” global investment opportunities, the future of cannabis and Wall Street, and more.

In addition, the International Cannabis Bar Association (INCBA) presented five hours of education, with five CLE credits available for attorneys across two days. Education centered on the latest intelligence from the world of cannabis business attorneys and law.

Expo hall connections

An interactive expo hall included exhibitors from the entire cannabis ecosystem. Hundreds of booths allowed attendees to explore the latest technology, products, and services from seed to sale, as well as education sessions at the Knowledge Bar and Elevation Lounge. The welcoming environment encouraged exploration while renewing in-person relationships and creating new connections to grow cannabis businesses across the country in the coming year.

Founded in 2010, NCIA is the oldest trade association representing legal cannabis businesses. It is committed to promoting the growth of a responsible, sustainable, and inclusive cannabis industry and works for a favorable social, economic, and regulatory environment for the industry throughout the United States.

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Is Delta 8 federally legal?

Delta-8 is legal federally, and most state laws don't specifically address it. Due to ambiguities in the 2018 farm bill, which legalized hemp and hemp products, delta-8 is currently not prohibited by federal law.

What are the benefits of Delta 8?

In the human body, Delta-8 binds to the CB1 and CB2 receptors. Because it binds to both receptors simultaneously, users experience a milder cerebral high. When compared to the effects of THC, users describe a more clear-headed, productive, energetic, and upbeat feeling.

Is Delta 8 or CBD better?

Difference Between Delta-8 THC and CBD Delta-8 THC may not be as prominent as Delta-9 THC, but it is still among the predominant cannabinoids with psychoactive properties. However, CBD is NOT a psychotropic cannabinoid. While CBD can have better results in the long run, Delta-8 THC can give you a quick fix.

Can you fly with Delta 8?

Is it Legal to Fly with Delta-8-THC? Often, yes! It is legal to fly with Delta-8 when you are flying to and from areas where Delta-8 is legal, as long as the airline you choose doesn't specifically prohibit Delta-8 products.

Does Delta 8 help with anxiety?

Contains less than 0.3% Delta 9 THC. Good for chronic pain and anxiety relief. It does not cause paranoia or increased Anxiety.

Is Delta 8 a controlled substance?

Delta-8 is considered a Schedule 1 Controlled Substance by the US Drug Enforcement Administration (DEA) because it is known to cause psychoactive impairment to the consumer.

What is the difference between Delta-8 and Delta 9?

Delta-9 THC is a property of cannabis discovered all the way back in 1964. The primary difference between Delta-8 THC and Delta-9 THC is that Delta-8 is just a bit less psychoactive than Delta-9. This means that products with Delta-8 THC have a more gradual, and therefore more satisfying, effect on the consumer.

Does Delta-8 become 11 hydroxy?

Although in an edible form, Delta-8 THC can metabolize into a natural chemical called 11 Hydroxy tetrahydrocannabinol. Since 11 Hydroxy THC can only be absorbed through the liver, the molecule's possible psychoactive effects can last up to 6 to 8 hours during digestion.

Does Delta 8 make you sleepy?

According to the NCI, Delta-8 uniquely binds twice with cannabinoid receptors in the nervous system that play a role in sleep by calming down processes like breath, heart rate, and mental activity.

Does Delta 8 Flower get u high?

Delta-8 THC is one of the hottest topics in cannabis right now. It's a minor cannabinoid that can get you high like traditional THC, but much less so. Delta-8 found in small amounts in the cannabis plant and is often converted from other compounds like CBD.

How does Delta 8 affect the body?

5 benefits delta 8 could offer you According to the National Cancer Institute, delta-8 THC can bind to the CB1 receptor throughout the body. These receptors are part of our endocannabinoid system, which helps our body regulate and maintain homeostasis.

Does Delta 8 contain CBD?

Delta-8 is yet another compound derived from Cannabis sativa or the hemp plant. As you likely know by now, this is the same natural origin that CBD, THC, CBG, CBN, and CBC come from, too. Though all of these compounds are related to some degree, delta-8 is closest to CBD and delta-9 (also often known plainly as THC).

Does Delta 8 cause euphoria?

Delta-8 may not produce intense euphoria, but it will take effect pretty quickly. Depending on your mode of intake, of course, the time of impact will vary. If you vape it, you will experience the effects within 1 to 6 minutes. If you use a tincture, you will get the first effects after half an hour.

Is Delta 8 legal in all 50 states?

The Short Answer: Yes. Hemp-derived Delta-8 THC products, containing less than 0.3% D-9 THC is legal in all 50 states of the USA. But what if the extract contains more than 0.3% Delta-9 THC?

Can Delta 8 help you lose weight?

A research study from 2004 concluded that delta-8 helps increase appetite while promoting weight loss. This effect is certainly very unique, and scientists will do even more research on this subject. These effects might be due to the potential benefits delta-8 has on metabolism.

Does Delta 8 give you munchies?

Yes, Delta 8 can make you feel hungry. Delta 8 is an appetite-stimulating analogue of tetrahydrocannabinol (or THC). Of course this depends on the amount you smoke (vapes) or consume (edibles), but Delta 8 has been reported to stimulate your appetite, in some cases, even more than Delta 9 (marijuana).

Does Delta 8 make you laugh?

Whatever makes you laugh, Delta-8 is a great way to start the fun. In fact, we've developed Delta-8 products because we love to see people laugh.

What does Delta 8 convert to eating?

Delta-8 THC actually converts into delta-11 THC when processed through the digestive tract. Since delta-9 THC also converts into delta-11 THC when eaten, there's no special benefit to eating delta-8 THC. In general, research suggests that delta-8 has about two-thirds of the potency of delta-9.

Does Delta 8 affect your liver?

In the present study, we have demonstrated that Δ8-THCV exerted protective effects against liver I/R reperfusion damage by attenuating tissue injury, oxidative stress and inflammatory response.

Does Delta 8 make good edibles?

Our Delta-8-THC Gummies — Best for Beginners They contain 10 mg of delta-8-THC per gummy, which is a great dose to start your journey into edibles with. It will give you a relaxing buzz, and you can easily increase the dosage as needed. Our delta 8 gummies are made from a broad-spectrum hemp extract.

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