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Philanthropy&theCannabisIndustry:IsYourOrganiza:on
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LoriSlaughterPrincipal,NirvanaRanchPhilanthropy&PhilanthropyAdvisor,ExcellenceIn
[email protected] 310.926.3841
www.nirvanaranchphilanthropy.com
BrandNewIndustry
FewDefiniMveAnswers
ColeMemo–MeasureofFedsTolerance
Legal/FinancialSocietal
PoliMcal
Ethical
Public/DonorOpinion
Staff/Board
Today’sAgenda
BackgroundCaseStudies
SocialResponsibilityintheCannabisIndustry
ConsideraMons/RiskManagementforyourOrganizaMon
Background–CannabisIndustry1980s-PeterLewisbegandona:ngtolegaliza:oneffortsinCO&WA($40M-$60M)
1994–GeorgeSorosbegandona:ngtoresearch&advocacyorgs($80M)1996–Californiapermitsuseofmedicalmarijuana;23statesfollow
2010–COlegislatureestablishesworlds1stfor-profitsystemforsale&cul:va:onofCannabis2010–Na:onalCannabisIndustryAssocia:onfounded
2012–WApasseslawspermi^ngmedical&recrea:onaluse2014–Achelis&BodmanFounda:ondonates$300ktocommissionstudiesonnega:veimpactoflegaliza:on
2015–Na:onalCannabisBarAssocia:onformed2015–VicenteSederbergProfessorofMarijuanaLaw&Policyest.
CannabisinOregon1935–ORadoptedtheUniformStateNarco:cDrugAct,makingCannabis
illegal1973–FirstStatetodecriminalizeCannabis1986–ORvotersrejectedMeasure51997–ORlegislaturepassedHB3643-<1oz=ClassCmisdemeanor1998–ORvoterspassedMeasure67,establishingtheORMedical
MarijuanaAct2009–20,974pa:entsregistered2010–OregonBoardofPharmacyreclassifiedMarijuanafromaSchedule
ItoScheduleIIdrug2012–ORvotersrejectedballotmeasurelegalizingrecrea:onaluse2014–ORvoterspassedMeasure912016–OLCCawardsthefirst8licensesforrecrea:onalbusinesses
“…thesolu+onisnottotossyouthfuloffendersintojailorprisons.Welongagorecognizedalcoholismtobeadiseaseandabandonedeffortstotreatalcoholicssimplybylockingthemup.”
GovernorTomMcCall-1973
ColoradoHasyourorganiza:onreceivedanymonetarydona:onsfromamarijuana
business?
7%
93%
Yes
No
ColoradoWouldyouconsideraccep:ngadona:onfromamarijuanabusinessin
2016?
39%
61%
Yes
No
CaseStudy–TeamFortCollinsHistoryoforganizingtoshutdowndispensaries
Ideaofpartneringw/industrywascontenMous
Shi_a_erlegalizaMon&newED
EngagedIndustryleadersin“ResponsibleAssociaMonofRetailers”program,whichexpandedtoincludedispensaries
TreatDispensarieslikeBrewers&BeverageCompanies
CaseStudy–TeamFortCollins
DispensariessponsoredannualGala
Gaveatthehighestsponsorshiplevels–Logos,picturesprominentlydisplayed
Lost4significantdonorsb/corgexcludedindustryNonegaMvepress
Changetookabout4years
CaseStudy–TeamFortCollins
Nocominglingoffunds–keepmoneyfromindustrycompletelysegregatedfromallotherfunds
Separatebanksandseparateaccounts
Used$forequipment&disMnctprograms;notonoperaMonsorpayroll;keeprecordsoftransacMons
CaseStudy–TeamFortCollins
NochangestoGi_AcceptancepolicyorByLaws
Establishedinternalprocessesforhandlinggi_sfromCannabisIndustry
CaseStudy–TeamFortCollins
Stayup-to-dateontheFedsposiMoning–ColeMemo
SegregatemoneyfromCannabisIndustryfromotherfunds
CaseStudy–ColoradoSymphony
LaunchedMarijuana-Friendlyconcerts,“ClassicallyCannabis:theHighNoteSeries”
3FundraisingConcerts,Summer2014
Goal=$150,000net
Guestswereinvitedtobringtheirownmarijuana
Sponsorsincludedmarijuanaretailers
“Intoday’sworld,peopleare8redofgoingtothesameoldrubber-chickenevents,”
JeromeKern,CEO
CaseStudy–ColoradoSymphony
1stConcert–300people,askamt=$75Venue–ArtGalleryinDenver
21+only
ControversyoverMcketsales
Citythreatenedtowithholdspecial-eventpermitsifconcertswerenotcancelled
Ticketswererefunded&organizerspivotedtoprivate,invitaMon-onlyaffairs
CaseStudy–ColoradoSymphony
BlockbusterpublicityGained1,500TwinerfollowersArMclesinWSJ,NYTandDenverPostInterviews–BBC,ClassicalstaMonsinNYC,
SFO“VeryYoungComposers”gainednaMonalmediacoveragePatronscomplainedatfirst,butarenowsupporMve
CaseStudy–ColoradoSymphony
“It(marijuanaindustry)isgrowingvery,veryrapidly…Itwantstogetengagedinthecommunity,andlikeallperforming-artsorganiza8onsyoudon’tturnmoneydown.”
JeromeKern,CEO
CaseStudy–ColoradoSymphonyOtherPerspec:ves
“Althoughthepoli8csofmarijuanaarechanging,itiss8llabitofcontroversialtouchstone…WhatmayworkinColoradoandforasymphonyorchestrasimplywouldn’tworkforasymphonyorchestrainTexasorinmanyotherstatesatthispoint.”
MichaelNilsen,AFP
CaseStudy–ColoradoSymphonyOtherPerspec:ves
“Ithinkthismusicandthisrepertoireistransgenera8onal.Itisanimportantandessen8alpartofoursocietyandreallywhatmakesawholeperson.SoiftheColoradoSymphonyhasfoundanotherwaytointroducethattoanewaudience,then,yes,morepowertothem.”
GaryGood,PacificSymphony OrangeCounty,CA
CaseStudy–IllinoisValleyCommunityCollege
2014-InGrownFarmsoffersmajorgi_forscholarship($200kto$800kperyear)
ScholarshipwillpotenMallysupport66low-incomestudents
PresidentisfavorableasmedicalmarijuanaislegalinIL
“Withstudentdebtwellpasttheonetrillionmark,onecanonlyhopethewelfareofcollegestudentsismoreimportantthancon+nuingtobeafraidofstales+gmas.”
JerryCorcoran,President IllinoisValleyCommunityCollege
CaseStudy–TheHolis:cCenter,AZ
2014–hostedcharityeventforMMholiday
TurneddownbyseveralpotenMalbeneficiaries
AZChapter–NaMonalMSSocietyaccepted
CaseStudy–FireweedFarms,WA
Offered$14kgi_toProsserSchoolDistrict
SuperintendentRayTolcacherturneditdownciMnghisstrongstanceagainstyouthmarijuanause
SocialResponsibility&theCannabisIndustry
Sponsoringastudyonthesubject
FocusGroupsinCA,OR,CO
1) Industryleaderswanttopartner2) BelieveinsupporMngimportantcauses3) Worriedaboutgesnga“no”
SocialResponsibility&theCannabisIndustry
DenverRelief–donatestoEkarFarm&Garden
TheClinic–hasdonatednearly$300ktoColorado/WyomingChaptersofNaMonalMulMpleSclerosisSociety
GoodChemistry–donatestoOneColorado
BloomFarms–donatestoMarinFoodBank(1mealforeveryproductsold)
PureGreen–hostedcannedfooddriveforOregonFoodBank&parMcipatedinRacefortheCure
SocialResponsibility&theCannabisIndustry
“Medicalmarijuanauseisacceptableamongourcons+tuency.Lastyear,TheClinicbecamethetopcorporateteamforWalkMSforColoradoandWyoming.”
KaylinDaniels NaMonalMSSociety
“Wedon’tfeelrightaccep+ngdona+onsfromtheprofitsandproceedsofthemarijuanabusinessthatcandevalueordiminishthequalityofthefamilyandlifestylerela+onshipsofindividuals.”
ConnieZimmerman,Founder ColoradoHomelessFamilies
SocialResponsibility&theCannabisIndustry
FacilitatesphilanthropyfromtheIndustry
2yearsold
PlanstoofferDAFsinthefuture
DonaMngtoSt.Judes,GlazerPediatricAidsFoundaMon,CannabisisMedicineProject,FoodBankofContraCosta&Solano,FeedingAmerica,SolanoFamily&Children’sServices
Considera:onsforYourOrganiza:on
Mission,Vision,Values
PublicRelaMonsImpact
DonorRelaMonsImpact
PolicyImplicaMons
OperaMons/Process
Risk&RewardAssessment
AdviseDon’tcomingledonaMonsfromMarijuanaBusinesswithotherfunds;separateaccounts;cleanrecords
ReviewOLCClicenseandapplicaMon/renewal
Gi_sof$10kormoremayrequireafederalform8300
Don’tpromisecharitabletaxdeducMon
CannabisIndustryDona:onRisk/RewardAssessment
LowRiskIndividualDonorLow-dollarcashdonaMonsNon-cashdonaMonsNoknownmarijuana-relatedbusiness sourceNopublicrecogniMonNosignificantcommunicaMonwithOrg
CannabisIndustryDona:onRisk/RewardAssessment
HighRiskMarijuanaBusinessisdonor
LargecashdonaMonwithpot“odor”
PublicrecogniMonofdonor
BusinessadverMsesitsconnecMontoOrg
Ques:ons&Discussion
ThanksforPar:cipa:ng!
SOURCES
