LVE Trust is a full scale hemp industry service provider. We specialize in six sectors of the market from farm to family:
- Consumer Goods Wholesale Distribution
- Farm Agriculture
Our clients operate in every legal country in the world that grows or processes hemp. We have several International strategic partners that work with LVE Trust to obtain the most competitive pricing for our clients and ultimately the consumer. We are very proud of the work we have done to date. LVE Trust formed organically through the genuine needs of farms and extraction companies needs for a sophisticated means of navigating the unknown.
LVE Trust started by advising hemp farms on selling hemp biomass in 2014. It began with one hemp farm and one processor. As of 2019, we have grown to work with 1,000’s of hemp farmers and over 100 lab processors globally. We are headquartered in Oregon with team members located throughout the U.S., Canada, Europe, Africa and Latin America.
A Green Industry: Oregon’s Budding Cannabis Business
MARCH 21, 2017 • 8 MIN READ
Cannabis is big. And it’s only going to get bigger.
This March, cannabis industry economist Beau Whitney of Whitney Economics released a report, “Cannabis Employment Estimates.” According to the cannabis-centered website, MJ News Network, the report was compiled at the request of the Oregon State House of Representatives Committee on Economic Development and Trade. The Oregon Reps were eager to find out the number of jobs associated with the Oregon cannabis industry, as well as a projection of the economic impact the cannabis industry is having on the state.
According to Whitney’s report, “On a national basis, the $50 billion cannabis market is essentially the equivalent to the U.S. wine market,” which is $55 billion.
There are more than 1,000 businesses that touch cannabis in Oregon, Whitney claims, but he indicates that the number is still likely a conservative estimate, based on limited data from the Oregon Department of Employment and the Oregon Liquor Control Commission. The report estimates there are 12,500 jobs associated with the Oregon cannabis industry, and that the total annual wages associated with these jobs are $315 million. Currently, the Employment Department lists 776 cannabis businesses in Oregon.
On a national level, Whitney reports there are roughly 300,000 – 400,000 cannabis-touching jobs in the United States. “That number will grow to more than a million as more states come online as legal markets,” said Whitney. “Cannabis is a job-creation machine.”
Like many pioneering industries, cannabis comes with its share of highs and lows.
Eric Logan, Vice President of Business Development for private equity group Equity Rock Incorporated, plans to capitalize on this “job-creation machine.” At first, Logan, 47, wasn’t much of a fan of marijuana, at least not personally. “I didn’t care for it,” said Logan. “It made me tired and I love energy.”
But that didn’t stop this energetic partner at Equity Rock from seeing the benefits of being involved in this very green scene. Logan says he is intrigued by the complexity and all of the nuances of the new and growing industry. Logan felt, with his background in both retail and banking, combined with being “a lover of entrepreneurs,” that he could make a difference in the new market.
Logan sees the industry, as it pertains to small business, as challenging but also rewarding. To make it in the cannabis business, he believes you must always have: a high quality product, a passion for the consumer, and an ability to be flexible, as all the regulations that face this developing industry mean change is the norm.
“It’s like any other business,” says Logan to those who are looking to dip their toes into the increasingly crowded pool of cannabis businesses. “Prior experience in retail, banking, restaurants or agriculture is ideal. [Or] a lot of money. And great advisors. That being said, if you start small, and study your craft, it’s a good business [in which] to learn the ropes and get your ass kicked a bit.”
Among the many new weedpreneurs who have had their booties bumped around a bit is Laurie Wolf. She wasn’t exactly looking to be a small business owner before becoming the proprietor of her own cannabis-infused food company, Laurie + MaryJane.
Making cannabutter. Courtesy of RealClark/Wikimedia
“I’ve enjoyed cannabis off and on for years,” said Wolf who will only say she is in her “early 60’s.” She still remembers the first time she was introduced to weed. “I was fifteen and got high at this magical pond in this fancy New York neighborhood near my house. It’s called Fieldston [a section of the Bronx]. Carly Simon grew up there.”
Wolf’s high-quality marijuana edibles company supplies cannabis products to dispensaries in Oregon. Laurie & MaryJane features sweet and savory products made with cannabis-infused butter.
Wolf has a food-friendly background. She graduated from the Culinary Institute of America and worked as a chef and caterer, and a food stylist in New York before moving to Portland. Wolf recently published A Food Lover’s Guide to Portland and The Portland, Oregon, Chef’s Table. She’s penned cannabis cookbooks, gives cooking-with-cannabis lessons, writes cannabis-infused food recipes for several cannabis publications, and will, in the very near future, be profiled in the New Yorker magazine.
Wolf monitors and tests all products from the Laurie & MaryJane kitchen in an effort to take the guesswork out of purchasing and consuming cannabis edibles for her customers. Her customers receive a consistent amount of cannabis in each serving. At 25 mg per serving of tetrahydrocannabinol, or THC, the chemical compound in cannabis responsible for the euphoric high, the edibles are potent…but not overly so.
Wolf said she created her edibles for those who enjoy cannabis or use it as medication but for whom smoking is not always an option. According to her site, “edibles provide an easy method to treat a wide range of ailments, including pain, anxiety, seizure, and nausea management. As scientific research goes further into the health benefits of cannabis, people are discovering that edibles provide a more gradual psychoactive effect as well as a more powerful body feel.” She also see edibles as a more discreet way of medicating, a big part of cannabis culture.
Wolf offers an honest take on what it’s like to run a small cannabis business.
“It’s a pain in the ass,” said Wolf. “There is essentially no banking, only half the people are responsible, even to return calls, and everything is expensive. That said, cannabis is amazing, more and more people are giving it a try, or returning to an old pleasure.” Wolf says there are new opportunities everyday, but notes that the industry is strictly controlled and “may not be for everyone.”
Wolf agrees with Eric Logan’s assessment that it doesn’t hurt to have an influx of cash to start your business. In the cannabis business, “you need a lot of money,” said Wolf. “Even without investors, there are expensive steps along the way, and everything takes longer than you think it will.” She adds: “Sadly, there is a lot of greed and people are making real estate prices way too high.”
Wolf acknowledges that, as with any other small business, it helps if you are responsible, ethical, and have a legit business plan. She believes it’s essential to have a good working knowledge of cannabis, a good accountant, and a good lawyer.
“And don’t forget to return emails,” said Wolf, referring to her pet peeve in the pot business.
And don’t dismiss this industry.
According to GreenWave Advisors, which conducts independent research and financial analysis of the legal cannabis industry, the market will hit $18 billion by 2021, even if the current White House administration challenges it. If the federal government doesn’t get in the way, the industry is expected to hit $30 billion, assuming every state and D.C. has a medical or fully legal market.
In fact, if the Trump administration begins deregulating banking, it might encourage banks to invest in the burgeoning industry.
And it looks like Oregon’s cannabis industry, much like its now honored and extremely lucrative wine industry, might just be leading the way.
Meet the “Finder” of the Cannabis Industry
PORTLAND INTERVIEW MAGAZINE
SEPTEMBER 22, 2016
Eric Logan learned lessons about importance of customer loyalty and work ethics from his grandfather. A graduate of California State University Sacramento (1995), he honed his customer service skills at Nordstrom and Façonnable over the course of his 18-year career in luxury retail, culminating in a position of Director of Façonnable, Beverly Hills.
He then joined the mortgage brokerage industry, where he ranked among top producers. He attributed his success to his relationship-building skills and ability to analyze financial statements.
In 2009, after a 20+ year-long corporate career, Eric decided to build his own business and joined a startup education company. All along, he maintained relationships with his luxury clients and contacts. “To make customer relationships last, you need to put customers first,” he emphasizes.
Those relationships brought him to a VP position with Misahara, an international fine jewelry company. At the same time, he continued entrepreneurial pursuits. His current ventures in the Oregon cannabis industry are benefiting from his relationship building skills, as well. I spoke with Eric about his plans.
What made you decide to move to Portland?
I invested into a startup that was in business for a year and was awarded a grant for the state of Oregon in August of 2010. At the time, I was commuting between a home in Pasadena and an apartment in the Portland Pearl District. As I saw the Pearl’s exploding growth, I recognized an opportunity to start a new chapter of my life and become a part of the excitement and energy that was emerging in Portland. I made Portland my permanent home in January 2011, which turned out to be one of the best decisions I’ve ever made.
I hear you are known in the industry as “The Finder.” How did that moniker come about?
(Laughs) I give all credit to my wife, whom I met soon after I moved to Portland. During one of our conversations about business and careers, I expressed to her my belief that relationship – building skills are critically important for achieving success in any career. I have given her examples of how my career benefited from the relationships I was able to create and maintain. That’s when she told me, “You are a ‘Finder.’ You have a natural talent as a connector by carefully listening to what people want for themselves. Even when they themselves don’t know how to achieve or even articulate their goals, you can scan your mental database and find for them a connection with a person who can help them. You have been connecting people all of your professional life. You should consider working in private equity, finding connections that would turn into transactions and new business ventures.” That’s when the light bulb went off in my head – private equity space would be the best environment for maximizing my diverse skill set and capitalizing on my “finding” talents. I have to admit, the thought of building a new career in private equity investments, an industry that was new for me, seemed like a big nut to crack. But serendipitously, my wife is a corporate lawyer, who has done a lot of work with private equity groups. She was my source of support, information and confidence. “If you have the right team surrounding you,” she kept telling me, “there will be no limit to what you can achieve.”
And that’s how you came to join MacArthur Capital LLP?
Yes, my wife had a new fund client that specialized in investments in cannabis businesses. She spoke of them as sophisticated business people and as great people in general, with whom she enjoyed working. When an opportunity presented itself to meet with MacArthur partners, I welcomed it as I had a strong interest in the cannabis industry i Oregon, and thought my talents and skills could be helpful for them, as well. At that time, I was consulting with an international luxury jewelry company through my firm www.eloganvip.com, building my brand and business. I took a call with the managing partner of MacArthur Capital, and we clicked immediately. By the end of our conversation, I knew this was the opportunity I had been seeking. I joined MacArthur as the Director of Investor Relations, and my sole focus since then has shifted to the cannabis industry.
What are you currently working on in this new endeavor?
Our firm has several products in development that will begin launching in the fall of 2016. One of our first investments was Vanguard Scientific, a company manufacturing a medical grade extraction device. We have a pre-rolled high-end (no pun intended) joint line, FORTUNE, offering different strains of craft cannabis, and a small indoor cultivation operation, Aurora Flower. A more unique investment for MacArthur is the Green Space Lounge, which will offer premier working, meeting and socializing space for the cannabis enthusiasts. It will be first of its kind private membership club combining luxury hospitality and cannabis. As the founder of the Green Space Lounge, I am particularly excited about the future of that investment. We have an impressive team working on this project. Our Creative Director and partner is Ryan Christensen, formerly of the Program Agency and Same underneath clothing brand. Our other partners are Guild & Axiom. So many talented people working together on this project, it’s beautiful to see.
We are also considering opportunities in skincare, technology, nutraceuticals and cosmetics. For me as a finder, the Oregon cannabis market presents a never-ending source of new opportunities. I continue to keep my eyes and mind open for new products, companies and, mainly, people with whom we could build mutual success.