Ep. 96 – Kate Phillips Talks the State of the Cannabis Industry in America Today
Kate Phillips is the manager of Theory Wellness, located in Bridgewater, MA. She has worked in a variety of roles within the legal Massachusetts cannabis market. In 2014 Kate founded the Boston Chapter of Women Grow, also serving as Co-Chairman of the Boston Chapter for the women’s professional networking group. She holds prior experience as an emergency medical technician and has an educational background in chemistry and nursing sciences. Kate’s professional and educational history informs her data-driven, holistic approach to addressing patient ailments.
Kate Phillips joins the podcast this week to talk about the fasting growing (pun not intended) industry in the United States today, the Cannabis Industry. Kate is not only an industry expert but also shares her own personal story in this extended interview. We sat down in her apartment outside of Boston, Massachusetts to talk about the state of the industry in Massachusetts as well as how it compares to other states, finally how it all fits into federal regulation.
If you ever wanted to know what it is like for someone in the industry this podcast is for you. Also, we dive into how strains get named, the genetics behind them, testing before products hit the market, and how she gets paid to work in this industry as a manager of a dispensary.
As CNN Money reported in January 2018, the cannabis industry was a $9 billion dollar industry in 2017. It is projected to be an $11 billion dollar industry in 2018 and possibly a $21 billion dollar industry in 2021. Over 121,000 Americans are currently employed today in this green industry and are one of the fastest growing job sectors.
Recently, big money has had their eye on the cannabis industry with Here and Now the NPR show doing a 10-minute piece on the industry and business relations. While the plant remains on the Schedule 1 list federally at the state level it is quickly becoming a huge industry. Currently, as this podcast is released 9 states and Washington D.C. have legalized adult use consumption, 30 states have medical programs, and 16 states have CBD only programs (learn about CBD from Episode 79) only four states currently have no cannabis programs.
Here is Utah just this week voters gathered enough signatures to have medical cannabis on the November 2018 ballot for voters. So overall this is a fascinating time for the industry and having the opportunity to chat with an expert was a pleasure.
Episode 96 – Kate Phillips
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