Authority Through Knowledge

The MAZAKALI GreenPaper® discusses deep trends and insights that matter to investors and operators alike.

Featured GreenPapers®

Learning is at the core of our process, and sharing is the test of the integrity of our ideas. Our GreenPapers™ are a recognized authority in the cannabis industry.

All GreenPapers®

Cannabis: Reflections Of A Soldier

When you join a combat arms Military Occupational Specialty (MOS), you don’t think as much about the things you bring back when you return. ...

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Imagine: A world with legal cannabis

The presidential election this Tuesday, November 8th, will likely mark a major inflection point in the fight to legalize cannabis as it stre...

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Deconstructed: Peppermint Bark with Bite

As the holiday season approaches, loved ones will gather around to celebrate and enjoy tasty holiday treats. There are thousands of recipes...

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Cannabis: Corporate Valuation Methodologies

Quite simply, valuation is the outcome of a process and set of procedures that is used to determine what a business is worth.

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Cannabis 2017: Five Things To Watch

With cannabis legalized in some form in twenty-eight states and the District of Columbia, ~65% of Americans now live in a state with cannabi...

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Imagine: The Luxury Dispensary Experience

In the United States, one can only legally purchase cannabis at a dispensary. The cannabis industry continues to evolve as the legalization ...

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Cannabis: Commodity Price Decline Impact

Given approximately appropriate climatic conditions, cannabis grows like many other plants. An experienced cultivator can grow fields of ca...

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Bhang: Nectar Of The Gods

Bhang is a traditional Indian cannabis infused beverage. Primarily associated with the worship of Lord Shiva, Bhang is now widely used and ...

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Deconstructed: The Capital Raise Pitch Deck

A business does not need to raise money to be successful. Businesses that do need money to survive or to accelerate their growth can benefi...

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Cannabis: Industry Born From Movement

Venture capitalists, fund managers and other sophisticated capital providers listen intently as startups and established businesses alike pi...

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Imagine: Cannabis Keeping Couples Together

The holiday season can be a bittersweet time of year; a time of joy, stress, reflection & divorce. The new year brings the highest rate of ...

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Proposition 64: The Adult Use Marijuana Act Summary and Facts

Grants for certain services in communities most affected by past drug policies. This will start at ten million and be raised by ten million every year until it reaches fifty million dollars a year.

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Deconstructed: Cannabis Due Diligence

Evaluating cannabis companies can be a complex endeavor. Most companies point to graphs illustrating a massive acceleration in growth as le...

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Cannabis Private Equity Investment Opportunity

With less than 400 public companies, there's over 99% of the industry left to innovate with sizable private capital and limited advertising.

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Imagine: Cease Seizures with Cannabis

As I reached home after three long days of working ‘banker’ hours, I experienced a crash unlike anything I had felt before. My over-worked ...

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Capital: Funding Your Cannabis Startup

One of the primary reasons startups fail is that they run out of money. Cash is the fuel that allows a business to grow. Growth is challen...

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Deconstructed: Your Cannabis Business Plan

While a business certainly does not need capital to be successful, many entrepreneurs find themselves in search of the perfect balance betwe...

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Cannabis: Rich History In Civilization

There was a time in American history when hemp was such an important resource that is was illegal to NOT grow it. While those laws date bac...

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Spannabis: The Global Cannabis Culture

The past two decades saw the closing of half of Amsterdam’s coffee shops and the emergence of Spain as perhaps the most cannabis-friendly co...

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Deconstructed: Cannabis Investment Due Diligence

A due diligence process can range from a gut feeling to years of highly structured audits and stress tests. While it is inefficient for can...

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Cannabis: An Alternative Asset Class

Diversification is known as the only ‘free lunch’ on Wall Street. While risk and return typically walk arm in arm, portfolio diversificatio...

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Cannabis: The Original Super Food

Superfoods are nutrient-rich foods considered to be especially beneficial for human health and well-being. While the ‘superfood’ label carr...

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Hemp: Historical American Commodity Resurgence

A staple crop of American agriculture in the 1800’s, Hemp’s prominence in American history continues to be reflected in town names such as ‘...

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Deconstructed: Legal Canadian Cannabis Perspective

The globalization of cannabis legalization is inevitable with 43 countries currently transitioning towards decriminalization. While Uruguay...

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Hashish: Inside A Trichome's Head

I was domesticated by humans during the Neolithic Revolution around 10,000 BC. For <a href="https://mazakali.com/cannabis-rich-history-civil...

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Deconstructed: U.S. Cannabis Patent Landscape

While cannabis has remained federally illegal in the United States since the passage of the Marijuana Tax Act of 1937, The US Patent and Tra...

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Cannabis: A Marriage With Yoga

The most ancient and sacred writings of India are represented by a collection of poems, hymns and ceremonial formulas represented in four bo...

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Cannabis: Alpha Through The Smoke

In the United States, retail cannabis is a $7 billion industry projected to approach $22 billion by 2021. The cannabis industry has over 12...

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Cannabis: Flower Commoditization Valuation Impact

Investors with their sights focused on the cannabis space are often enamored with the lofty growth expectations rampantly reported by media....

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Deconstructed: Cannabis Infused Holiday Mocktail

The number of ways one can consume cannabis continues to rise as cannabis flower sales as a percentage of all cannabis sales continues its <...

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Deconstructed: Cannabis Banking Regulatory Environment

The legal US cannabis industry is poised to close 2017 at nearly $10 billion in revenue, a ~35% increase from ~$7 billion at the end of 2016...

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Deconstructed: Diversified Cannabis Investment Portfolio

Written in 1986 by Gary Brinson, Randolph Hood and Gilbert Beebower, ‘<a href="https://mazakali.cmail20.com/t/d-l-ockihk-odljhdyyd-y/" rel="...

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Implication: California Cannabis Cultivation Regulations

On November 16th, 2017, the California Department of Food and Agriculture (CDFA) released its emergency regulations regarding cannabis culti...

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Cannabinoid: Medicine Stemmed from Science?

Companies developing fermentation technology for natural cannabinoid and terpene production may have the disruptive potential to deserve att...

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Hemp: Tip Of The Iceberg

The United States remains the only industrialized nation in the world that does not permit hemp production despite its 5,000 year global his...

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Compliance: Cannabis Human Resource Policy

Cannabis companies are well served to focus on consumer satisfaction, capital cadence, financial modeling, brand development and monetizatio...

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Deconstructed: Common Cannabis Capital Cadence

While a business does not need to raise money to be successful, one of the primary reasons businesses fail is that they run out of money. Bu...

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Legalize: Make America Hemp Again

Hemp is one of the oldest domesticated crops in the world, with the first traces found in 8000 BC in territory that is now part of China and...

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Cannabis: A Botany of Desire

The impending legalization of cannabis will make it the fourth regulatory leg of the state-sanctioned psychoactive stool. Given our global f...

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China: The Global Cannabis Superpower

China has deeper roots in cannabis than most of the western world. Hemp has never been illegal in China and thus enjoys thousands of years o...

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Hemp: The End of Prohibition

‘Cannabis L Sativa’ as nomenclature is used to describe Industrial Hemp as well as Marijuana, yet each is genetically distinct and can be di...

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Cannabis: Seven Avoidable Investment Mistakes

It is likely that Cannabis will prove to be the best performing asset class over the next decade. While this provides a rare wealth-creation...

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Cannabis: The Spectrum of Profitability

The march towards U.S. federal legalization has been accompanied by capital inflows from increasingly sophisticated sources. An inevitabilit...

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Deconstructed: The Cannabis Polypharmacy Party

While the cannabis plant has been consumed for over six thousand years, it has until recently been kept in exile from beneficial advances in...

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Cannabis: When the Walls Fell

The cannabis complex, buoyed by the tailwinds of favorable legislation, social acceptance, medical recognition and the <a href="https://maza...

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Deconstructed: State Of The Vaporizer

Vaporizing or ‘vaping’ refers to heat-induced liquid aerosolization using a battery-powered device. Vaping Associated Pulmonary Injury (VAPI...

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Reflections: Thoughts To A Muse

The world seems quite upside down these days and I don’t quite know how to make sense of it. How can a virus cause this much disruption this...

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A Cannabis Business Planning Guide

In periods of extreme turbulence and uncertainty, crisis planning instantly rockets to the top of a cannabis business priority list. Highlig...

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Cannabis: Optimizing Your Capital

Focusing on a practical offering strategy is a crucial step to maximizing the odds of raising attractive cannabis capital one may need.

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THE REAL ESTATE GAME

It began in a peaceful garden with a freshly brewed cup of coffee from Vista Al Bosque, a remote region in western Guatemala. As I bathed in...

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Cannabis: Conference Of The Future

Having spoken at nearly 50 global conference over the past five years, we understand firsthand the void created by the lack of in-person eve...

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Deconstructed: Cannabis With Yoga Practice

The practice of yoga incorporates a mind-body experience that helps guide a soul's journey towards enlightenment. ‘Yoga Sutras of Patanjali’...

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Cannabis: Journey of the Joint

The classic joint offers a cannabis experience like no other, perhaps due to its unique ability to simultaneously combust as well as vaporiz...

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Cannabis: Professional Investment Management Advantage

A ~$12 Billion industry with ~32,000 businesses growing at 27% also means that it doubles in size every 32 months.

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Deconstructed: CBD as a Panacea?

Hemp will likely regain its place as a legal crop after eighty years in exile due to the impending passage of the 2018 Farm Bill.

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Cannabis: Plant, People, Planet, Profit

In the United States, retail cannabis is a $7 billion industry projected to approach $22 billion by 2021. This industry already has over 30...

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Cannabis: Beyond The Information Era

In every major economic shift, productivity growth and wealth creation are spurred by a new asset class. That asset class was land in the a...

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Imagine: Cannabis Agricultural Technology Potential

The large and consistent rise in public demand for legal cannabis along with the growth in cultivation sophistication correlates to the incr...

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Cannabis: The Heart of Valuation

The perception of value sits at the center of any corporate transaction. The exchange of equity for cash must be balanced for a fair transa...

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Cannabis 2018: Five Things To Watch

2018 is poised to be a monumental year for the cannabis industry with adult-use being implemented in the largest global consumer market (Cal...

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Implication: Cannabis Cottage Industry Regulation

Cannabis industry growth is driven by the legalization of existing habits rather than the creation of new demand. A projected ~27% five-yea...

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Cannabis: To Impact From Vice

Impact investing is characterized by the intentional deployment of capital to generate social and environmental impact alongside financial r...

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Cannabis 2019: Five Things to Watch

2019 is poised to be a monumental year for the cannabis plant. The recent passage of the Farm Bill as well as sweeping changes across the mo...

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Cannabis: Lessons from the Internet

The release of Windows 95 didn’t only mark the arrival of the graphical user interface, it also spawned a five-year period in which companie...

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Imagine: Our Journey Towards Power

Annual opioid fatalities now nearly equal American lives lost in the entire Vietnam war, yet the large public protests seen against this lat...

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Deconstructed: The Cannabis Pro-Forma Model

The pro-forma financial model remains a staple of any capital markets transaction and it is the rare investor that disregards it. The logic ...

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Deconstructed: Does CBD Origin Matter?

Cannabidiol (CBD) is a molecule that can be obtained from hemp, cannabis and synthetic sources and delivered as an isolate or part of an int...

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The Shrinking Cannabis Stock Market

Public equity in the cannabis stock market fell in excess of 50% in 2018 and has lost another 35% this year, with the peak-to-trough decline...

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Cannabis 2020: Five Things to Watch

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Reflections: The Power Of Mindset

Large and profound change is around us. This change transcends politics and religion, stretches across national and international boundaries...

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Deconstructed: A Custom Cannabis Omakase

It began in a peaceful garden with a freshly brewed cup of coffee from Vista Al Bosque, a remote region in western Guatemala. As I bathed in...

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Cannabis 2021: Five Things To Watch

For many, the 2020 lockdown experience was punctuated by Tiger King and The Queen’s Gambit, and also best viewed in hindsight. 2021 has arri...

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