The Blinc Group Unveils Simpl Too: Pioneering the Future of Eco-Responsible Vaping

Simpl Too marks the First Step in Consumer-Centric and Environmentally Conscious Vaping Solutions

New York, NY, Feb. 15, 2024 (GLOBE NEWSWIRE) — The Blinc Group, a pioneering force in the cannabis vaporizer industry, is thrilled to introduce Simpl Too, the latest innovation in its esteemed vaping device lineup. Building upon the foundation laid by the original Simpl launched last year, Simpl Too embodies the company’s dedication to user-centric design, advanced technology, and environmental responsibility.

Empowering Consumers with Recyclable Battery Solutions

At the heart of Simpl Too‘s design is our commitment to sustainability, primarily through enabling users to recycle the device’s battery using their preferred methods.

“Our vision with Simpl Too was clear – to offer a product that not only excels in performance and customization but also empowers our users to participate in responsible recycling practices, particularly for the battery component,” states Pete Sahani, CEO of The Blinc Group. 

This approach underscores Blinc’s belief in responsible consumption and our dedication to minimizing the environmental footprint of our products.

Arnaud Dumas de Rauly, Co-founder and CXSO of The Blinc Group said “Simpl Too is not merely a product launch; it is a strategic move towards sustainability, innovation, and leadership in the competitive cannabis vaping market”

Innovative Design for an Unparalleled Experience

Simpl Too continues to revolutionize the vaping experience with its postless design, making it remarkably easy to fill and cap. The device’s gravity-fed coil system is engineered to prevent leaking and clogging, ensuring a flawless experience with a wide range of cannabis extracts. With dual airflow and a powerful 230mAh UL compliant rechargeable battery, Simpl Too delivers exceptional performance that meets the diverse needs and preferences of brands, processors, and consumers.

Remaining true to The Blinc Group’s commitment to personalization, Simpl Too offers full customization options. This not only enhances the consumer  experience but also reflects our strategic focus on providing vaping solutions that cater to individual preferences, setting new benchmarks in the industry.

Join Our Sustainable Cannabis Vaping Initiative

The introduction of Simpl Too represents a significant stride towards sustainable vaping practices. By facilitating easy battery recycling, we encourage consumers to join us in making environmentally conscious choices, contributing to a collective effort towards a more sustainable future. 

As we unveil Simpl Too, we invite our community to embrace this innovation and the positive environmental impact it brings. Together, we can make significant strides in promoting responsible and sustainable vaping practices.

Follow this link for more information about Simpl Too and our initiatives.

About The Blinc Group

As a trailblazer headquartered in New York City, The Blinc Group melds cutting-edge cannabis vaping hardware and dedicated service solutions to cater to our diverse clientele. Beyond offering an extensive collection of cartridges, batteries, ready-to-use vaporizers, and custom device development, we amplify the backbone of our service orientation with unique features. ‘Scale Now Pay Later’ , Vendor Managed Inventory (VMI), and rheology expertise underscore our commitment to fostering our clients’ growth. Through our ‘Powered by Blinc’ process, we assure end-to-end supply chain control, empowering our clients to deliver innovative, safe, and quality-controlled products to global cannabis enthusiasts. The Blinc Group also offers comprehensive support services that encompass flexible payment terms, R&D, production, testing, SOPs, training, and strategizing go-to-market and brand communication approaches. Learn more about the value we bring at https://www.theblincgroup.com.

Happy New Year, I hope this finds you well. It was an honor to step into the role of CEO of The Blinc Group in December 2023.

The company’s path over the past two years has proven that we are a resilient, profitable, and sustainable business with a truly engaged team across functions and continents. With everyone rowing in the same direction, I am confident that our growing team, our most valuable asset, will continue to do great things.


When I joined in 2022, we faced significant challenges with our sales strategy and operations that required us to re-envision the way we conducted business. This re-envisioning was focused on building a long-term sustainable and profitable business, and not just solely focused on the immediate term (as can often happen during challenging periods). With long-term growth and relevance in a fast-changing business at the top of our minds, we deconstructed existing processes. We started with the rebuilding of the Sales team, empowering them with greater visibility into what our clients actually wanted. Turns out that listening intently to one’s clients pays off: the company saw a 60+% increase in sales in a world where downward pressure on revenue was a daily reality.  We rebuilt Operations with better upstream control of our supply chains and improved processes, resulting in on-time production rates 95% week after week, month after month. 

As we reassembled the building blocks of our operations we gained efficiencies and economies of scale that allowed us to reduce our pricing by more than 30% – a savings that we passed onto our clients. Simultaneously, the robust controls we put in place helped us achieve a non-conformance rate of less than 0.5% across our products.


We had to significantly cut our marketing budget, yet discovered innovative ways of promoting our products and services. In my assessment, the marketing team are  unsung heroes within our company. They have worked round the clock with very limited budgets to drive some of the most creative and engaging campaigns within our industry. 

Our management team accepted voluntary reductions in compensation;  most did not leave, but rather, dug in and did the hard work. Our entire team, across continents, REALLY came together. Our investors rallied and stuck by us, steadfast in the belief that our plan would work. We disassembled the entire company foundation to make it stronger, knowing that we would spend 2023 rebuilding and strengthening the business, pushing it towards its full potential; which is clearly demonstrated in our financial results.


Understanding our strengths and weaknesses allowed us to identify and launch new products and value-added services. Just over 67% of our new clients in 2023 originated from the launch of new products like our AiO Simpl. Our SNPL program contributed to 20% of our revenues while our VMI program has contributed significantly to bookings and revenue, both of which give our clients the ability to increase working capital with modest to no cost. We added a number of clients to our list of leading contributors, each responsible for over $1 million in sales.


In 2024, having clearly demonstrated our ability to scale and execute, we turn our sights to growth by continuing to launch new and innovative products. We are adding value to products through the use of sustainable materials and easy-to-recycle designs. Listening to the voices of our clients, we will continue evolving our Scale Now, Pay Later and Vendor Managed Inventory  (VMI) programs to better suit their needs and address their “pain points.”. 

We will continue adding to our growing IP portfolio through a combination of organic development and acquisitions, which will contribute key value-adds to our product portfolio in 2024. We are already working on strategic initiatives that will bring with them IP that we plan to leverage into innovative, game-changing products and services. 


Rising above the noise, we successfully defined and implemented Blinc’s proprietary  Failure Mode and Effects Analysis (FMEA) program. This strategic initiative has not only reduced non-conformances with existing products but has also enabled us to proactively address and mitigate potential issues in the pre-launch phase of new products. The FMEA program not only improves the quality of our products but also strengthens our commitment to excellence. In 2023, we launched two new vape hardware products. In 2024 we have scheduled new product launches early in the first quarter, with a full pipeline of new products that will see us through the year and into 2025.

Adding value to every client interaction and bucking the continuing inflationary trend, we began the year with a further price reduction on 510 cartridges and All-in-One devices (AiO). Leveraging additional economies of scale and manufacturing efficiencies, we will continue driving costs down while improving the quality and consistency of our products.

Continuing our rich history as trendsetters in the vape hardware industry, we will leverage our team’s expertise to positively impact regulatory compliance and policy initiatives.


Through our Finance team’s tireless efforts, we begin 2024 with a mission to restructure our balance sheet and strengthen the financial core of Blinc allowing us to further fuel  the company’s growth.

Personally wishing for 36 hours in a day instead of 24, we undoubtedly have a long road to travel. With a proven and motivated team, a robust plan, and a goal of serving our customers’ needs while providing exceptional quality and value – opportunities are ours for the taking. I would like to thank each and every one of our clients, The Board of Directors, our investors, our team, and well-wishers for your continued support.

Excelsior aude!
Gurpreet (Pete) Sahani
Chief Executive Officer

Strategic Intellectual Property Acquisition Fuels Blinc’s Cannabis Vaping Innovation

Augmenting Blinc’s Robust IP Portfolio with Strategic Advanced Vaping Solutions

New York, NY, Aug. 02, 2023 (GLOBE NEWSWIRE) — The Blinc Group, a leader in cannabis vaping solutions, announced today the acquisition of an international, highly innovative patent portfolio from Bergstrom Innovations, furthering its commitment to delivering safer, more effective, and superior vaping experiences for the global cannabis community.

Known for a service approach that goes beyond hardware to include unique features such as the ‘Scale Now Pay Later’ program, Vendor Managed Inventory (VMI), and scientific expertise in vapology, The Blinc Group continues to strengthen its position as the leading provider of comprehensive support services for the cannabis vaping industry.

“These new patents serve to bolster our ‘Powered by Blinc’ process” said Arnaud Dumas de Rauly, CEO of The Blinc Group. “Our ambition has always been to empower our clients to deliver innovative, safe, and quality-controlled products to consumers around the world. This acquisition marks an exciting advancement in that mission.”

The portfolio includes a US patent that enhances The Blinc Group’s existing line of vaping devices, introducing an innovative design with improved discreetness and cartridge protection. The portfolio further includes US and internationally pending applications that provide a cutting-edge method for controlling vaporizers, promising a more customizable, yet intuitive and user-oriented vaping experience.

Sam Bergtrom noted that “I’m thrilled that our patented technologies will find a new home with The Blinc Group, a company that truly values and understands the crucial role of IP in driving innovation and enhancing user experience in the cannabis industry”.

While specifics of the patent portfolio acquisition are confidential, the acquired technology underscores The Blinc Group’s dedication to fostering clients’ growth through continuous innovation and technological enhancement.

“We look forward to leveraging these new technologies to drive further excellence in our products and services. We are deeply committed to the success of our clients and we believe this IP will help deliver a remarkable vaping experience,” added Pete Sahani, COO of The Blinc Group.

More details about The Blinc Group’s full suite of solutions, which encompass everything from financing, R&D, production, testing, SOPs, training, and go-to-market strategies, can be found on the company’s website at https://www.theblincgroup.com.

https://www.globenewswire.com/en/news-release/2023/08/02/2716893/0/en/Strategic-Intellectual-Property-Acquisition-Fuels-Blinc-s-Cannabis-Vaping-Innovation.html

The Blinc Group Emerges Triumphant in ITC Investigation Brought by Ccell® Manufacturer

US Patent No. 10,357,623 is deemed unenforceable and indefinite

New York, NY 02/27/2023 – The Blinc Group, Inc. (Blinc), a leading innovator in the cannabis vaporizer industry, is pleased to announce that Judge Cheney, Chief Administrative Judge of the International Trade Commission (ITC), has rejected the allegations that Shenzhen Smoore Technology Limited (Smoore) made against Blinc in an investigation that Smoore initiated with the ITC.

The investigation, which Smoore filed on October 8, 2021, alleged that Blinc imported and sold vaporization products that infringed two of Smoore’s patents. After a thorough review of the evidence and arguments by both sides, Chief Judge Cheney determined that Blinc’s products did not infringe Smoore’s patents, and found no violation, clearing the company of any alleged wrongdoing.

In a decision dated February 1, 2023 (the Decision), Chief Judge Cheney found that Smoore had utterly failed to present adequate arguments for infringement, resulting in waiver, found multiple points of non-infringement for each patent, and found that Smoore, a Chinese company, did not have the requisite domestic industry for an ITC investigation. 

The Decision also found that Smoore’s U.S. Patent No. 10,357,623 is invalid for indefiniteness under 35 U.S.C. § 112 and unenforceable due to inequitable conduct that occurred in the prosecution of the patent family. The Decision is subject to review by the full ITC.

“We are extremely pleased with Chief Judge Cheney’s decision,” said Arnaud Dumas de Rauly, CEO of The Blinc Group. “Hard work, dedication, and innovation goes into the development of our products, which is reflected in Blinc’s success and Blinc’s own patents. Blinc takes great pride in providing customers the highest quality vaporization products on the market.”

“We are very happy with Chief Judge Cheney‘s decision and are proud of the work that our team has done on behalf of Blinc,” said David G. Liston and Ari J. Jaffess, co-founding partners of Liston Abramson LLP (Liston Abramson), counsel for Blinc in the investigation.

This victory is significant for Blinc and serves as a reminder of the company’s commitment to compliance and integrity. Blinc will continue to invest in research and development to bring new and innovative vaporization products to market while not shunning away from rigorously defending itself or its intellectual property. 

China’s Pot Vape Giant Battles Over US Patents

About The Blinc Group

Headquartered in New York City, The Blinc Group designs, develops, supplies and supports premium cannabis vaping hardware. The company offers a curated collection of proven cartridges, batteries, ready  to use vaporizers and complete bespoke device development to multi-state operators, licensed producers, processors and brands. Blinc completes the value chain by providing its clients access to a suite of support services ranging from research and development, production, testing, standard operating procedures, training and all the way to go-to-market strategy and brand communications consulting. With full control of the supply chain, the company’s unique “Powered by Blinc” process enables clients to provide innovative, safe and quality controlled products to cannabis consumers worldwide. To learn more about Blinc, visit https://www.theblincgroup.com

New York-Based Cannabis Vape Maker Defeats Chinese Tech Company In High-Stakes Patent Lawsuit

About Liston Abramson

Liston Abramson LLP is a litigation firm based in New York City, representing clients from around the world in Intellectual Property, White Collar, and Commercial Disputes.  Thanks to a deep bench of experience, the firm has a winning track record in and outside of the courtroom. To learn more about Liston Abramson, visit http://www.listonabramson.com 

For more information, please call contact us at +1 (646) 586-2067, or email press@theblincgroup.com

The Blinc Group Launches the AiO Simpl – an All-In-One Cannabis Vaping Device with Unparalleled Performance

Performance, sustainability, and convenience for cannabis processors

New York, NY 02/07/2023 – The Blinc Group, Inc., a leading innovator in the cannabis vaporization industry, is proud to announce the launch of its latest product – the AiO Simpl. This all-in-one cannabis vaping device is designed to deliver an unparalleled vaping experience with a wide range of concentrates, and is designed to address key challenges in the current cannabis vaping value chain.

With the XPro-G Printed Ceramic heating element, the AiO Simpl offers even and consistent puffs from top to bottom, ensuring an unparalleled vaping experience. The device is designed without a center post, making it remarkably easy to fill and eliminating the risk of heavy metals leaching. The 280mAh UL-compliant rechargeable battery ensures the AiO Simple is ready to be enjoyed at any time, in any environment.

In addition to providing a superior vaping experience, the AiO Simpl also addresses critical challenges facing the cannabis vaping value chain. The device eliminates leaching and emissions by eliminating heavy metals from coming into contact with oil, and it is compatible with a wide range of viscosities. The XPro-G coil ensures consistent heating, and the simplified manufacturing and filling process provides a path to sustainability with a recyclable design.

“We are thrilled to launch the AiO Simpl and bring a new level of performance, sustainability and convenience to the cannabis vaping industry,” said Sasha Aksenov, Chief Innovation Officer of The Blinc Group. “Our goal is to provide the best possible vaping experience to our customers, and the AiO Simpl is a testament to that commitment.”

The AiO Simpl is the latest addition to The Blinc Group’s product portfolio and reflects the company’s dedication to sustainable innovation and customer satisfaction. The company will continue to bring new and exciting products to market as it continues its growth journey.

 

About The Blinc Group

Headquartered in New York City, The Blinc Group designs, develops, supplies and supports premium cannabis vaping hardware. The company offers a curated collection of proven cartridges, batteries, ready-to-use vaporizers and complete bespoke device development to multi-state operators, licensed producers, processors and brands. Blinc completes the value chain by providing its clients access to a suite of support services ranging from research and development, production, testing, standard operating procedures, training and all the way to go-to-market strategy and brand communications consulting. With full control of the supply chain, the company’s unique “Powered by Blinc” process enables clients to provide innovative, safe and quality-controlled products to cannabis consumers worldwide. To learn more about Blinc, visit https://www.theblincgroup.com.

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For more information, please call contact us at +1 (646) 586-2067, or email press@theblincgroup.com

Click Here for the original Press Release

 

 

The Blinc Group Hires Cannabis Veteran as New COO

New YorkThe Blinc Group, Inc., the regulatory-focused designer, and provider of premium, customized, and bespoke vaporizer technologies, is pleased to announce that cannabis industry veteran Pete Sahani has joined the company’s executive team as their new Chief Operating Officer.

“Pete is joining the Blinc Group family at a time when we’ve had 134% growth in revenue and 77% growth in new clients this past year. Our business has come out of the darkness of the recent pandemic in great form and we needed someone with his passion and foresight to help keep up this tremendous momentum,” said Arnaud Dumas de Rauly, CEO and co-founder of the Blinc Group. 

“This is an organization that focuses on true innovation supported by a robust IP portfolio and its own technical and operations team with Blinc Group China. They have a tremendous opportunity to make a meaningful impact within the cannabis industry. Many in our space talk about innovation but very few actually demonstrate this on a daily basis. Through this endeavor I hope to leave my mark on this industry while building a sustainable legacy,” said Pete Sahani, new COO of the Blinc Group.

Sahani’s experience in the cannabis industry is deep and varied, beginning with his exposure to the industry while attending college in Humboldt, CA. He has held leadership positions in operations infrastructure and supply chain functions at leading companies including: VP of Global Sourcing at Greenlane; Director of Operations at a vertically integrated Multi-state Operator (MSO) interim COO at a manufacturer of premium vaporization hardware; and, most recently, Senior Director of Operations & Supply Chain at Calyx Containers. 

As Blinc’s Chief Operating Officer, Sahani brings more than 25 years of global operations management, global supply chain and sourcing expertise, honed while living and working in diverse cultural environments including Japan, China and India.

About the Blinc Group
Headquartered in New York City, The Blinc Group designs, develops, supplies, and supports premium cannabis vaping hardware. The company offers a curated collection of proven cartridges, batteries, ready to use vaporizers, and complete bespoke device development to major multi-state operators, licensed producers, and brands. Blinc completes the value chain by providing its clients access to a suite of support services ranging from research and development, production, testing, standard operating procedures, training and all the way to go-to-market strategy and brand communications consulting. With full control of the supply chain, the company’s unique “Powered by Blinc” process enables clients to provide innovative, safe, and quality-controlled products to cannabis consumers worldwide.

Media Contact:
Gretchen Gaileypr@theblincgroup.com
202-489-3821

Puff, Puff… Passe
Vegas Consumption Lounges Should Take the Lead

Las Vegas, aka Sin City will be adding a new “sin” to their repertoire this year and be at the leading edge of the cannabis industry with consumption lounges, but coming off the recent pandemic, patrons are ready to rethink puff, puff, pass and looking for new ways to celebrate this time-honored ritual. 

For years cannabis consumers have been sitting or standing in the proverbial social circle puff, puff, passing their wonderful bud to their closest friends and often newly found friends. Americans across the country have come together over the years due to the long federal prohibition of the plant. People would join in circles of solidarity because they were breaking the law and in turn created a cultural ritual. 

While the camaraderie they are building with each other is a wonderful thing, it’s time to use this communal smoke to educate and elevate the industry.  This is where Las Vegas can lead the way with their consumption lounges scheduled to open this year and give its patrons an educational experience, instead of just a spot to smoke weed. 

Prior to the Covid-19 pandemic Las Vegas averaged 46 million tourists a year and those numbers are starting to come back. In other cities, it has been found that cannabis-minded tourists tend to go places where they feel welcome and many are looking for the next Amsterdam where they will be able to sit, enjoy and partake. Vegas could be that New Amsterdam for cannabis.

Napa Valley is well known for its wine tastings at its vast vineyards and there is no reason that Las Vegas can’t take on that same concept for cannabis with a bit of technology, it’s quite possible to easily offer that elevated service through vape products.

Vape products seem more accessible and less daunting to novice cannabis users and can provide the consumer with a less harsh experience on one’s throat if they are looking to smoke the product. Vape pens are also easier for novice consumers to use who might not be adept at rolling a joint or packing a bowl and a bong. They also allow for consumers to try several different products in one sitting if the lounges are willing to invest in the technology.

Small dose, vape products, simplify and diversify the experience for the tourists who are looking to purchase product, but not a large amount because they are unable to consume a great amount during their short stays. It also allows a consumption lounge to serve up a flight of strains or a flight of terpenes and gives its patrons an experience to find the perfect product that benefits them best. It also allows the lounge a better opportunity to sell more products to its customers.

The Oh!Snap from the Blinc Group is one of those small dose products that provide the consumer with a 0.1 to 0.3g cartridge with and screw onto any system that fits a standard 510 battery, making it universally adaptable to any battery, essentially a one hitter for the vape industry. This allows the budtenders to guide the canna curious through their products, through different strains, through distillate or live resin, through various flavor profiles terpenes, allowing their customers to find their perfect fit and an enjoyable experience.

This also helps to inform the consumer of what they might want to get when they get home and helps to grow the industry with educated cannabis consumers. Las Vegas can expose visitors from around the world with the latest and greatest strains, leading genetics and leading technology, finally allowing the U.S to take its place as a true industry leader.

Las Vegas truly can take a business that is looked upon as a purely recreational venue and turn it into and educational cannabis oasis for the weary cannabis tourist.  This is the time to disregard the mantra, “What happens in Vegas, Stays in Vegas.” We want people to recognize that Las Vegas as the New Amsterdam of cannabis and the place to turn for an elevated cannabis experience.

#notjustvapor

The Blinc Group, One of the Arcview Collective Fund’s Best Performing Investments

Press Release

 

New York, April 20, 2022 (GLOBE NEWSWIRE) — The Blinc Group Inc., the regulatory-focused designer and provider of premium, customized and bespoke vaporizer technologies, is proud to announce it is one of the Arcview Collective Fund’s best performing portfolio companies for 2021.

“As a result of this investment, in 2021 the Blinc Group has more than doubled its revenue and proven why we are the leading provider of vape technology. Our team puts quality and safety at the forefront of everything we do. The ‘Powered by Blinc’ trademark is more than just a slogan – it’s a promise to our customers that they are receiving the highest quality vape technology, guaranteed,” said Arnaud Dumas de Rauly, co-founder and CEO of the Blinc Group.

In late 2020, the Blinc Group closed on a convertible note round, including the investment from the Arcview Collective Fund, and saw a 134% increase in revenue, a 77% increase in the number of clients, and a 32% increase in revenue per client in 2021 as compared to 2020. Blinc expanded its sales team, opened an office in Toronto, expanded its team in Shenzhen, China, and invested in the research and development of new innovative materials and vape technologies a number of which launched in early 2022.

“The Blinc Group has been a great investment for the Arcview Collective Fund. We look for companies that are raising the bar in the cannabis industry and true market leaders, the Blinc Group is just such a company,” said Jeffrey Finkle, CEO of the Arcview Group.

The Arcview Collective Fund is a member-managed venture fund whose members range from experienced angel investors and partners in venture capital funds to executives who make decisions on how the fund is run and in which companies to invest funds.

“This past year we finally saw the light at the end of the tunnel with the Covid-19 pandemic and are so thankful for our team and all our investors who worked everyday to make the Blinc Group successful during that difficult time. The dedication of our team demonstrated to our clients that we are more than just a hardware supplier, but a trusted partner,” added Dumas de Rauly.

The convertible note round, which closed in late 2020 was led by 7thirty Capital, Equitas Partners Fund and WGD Capital, LP, with The Arcview Collective Fund and the Panther Opportunity Fund both participated as well.

About the Blinc Group
Headquartered in New York City, The Blinc Group designs, develops, supplies, and supports premium cannabis vaping hardware. The company offers a curated collection of proven cartridges, batteries, ready to use vaporizers and complete bespoke device development to multi-state operators, licensed producers, and brands. Blinc completes the value chain by providing its clients access to a suite of support services ranging from research and development, production, testing, standard operating procedures, training and all the way to go-to-market strategy and brand communications consulting. With full control of the supply chain, the company’s unique “Powered by Blinc” process enables clients to provide innovative, safe, and quality-controlled products to cannabis consumers worldwide.

Media Contact:
Gretchen Gaileypr@theblincgroup.com
202-489-3821

Link to the original release

The Blinc Group Receives Patent for RingSystem

PRESS RELEASE

 

New YorkThe Blinc Group, Inc., the regulatory-focused designer, and provider of premium, customized and bespoke vaporizer technologies, has been issued a patent 11116251 by the U.S. Patent and Trademarks Office for its vape technology designed to save brands thousands in lost inventory and give consumers peace of mind and clarity in their vape product experience – The RingSystem.

“Cannabis businesses have been struggling to maintain the proper amount of inventory in the vape space while also keeping their customers informed of what’s in their product. Companies shell out thousands of dollars for packaging and fill their cartridges with a specific cultivar to shortly find out that it’s not selling as expected.  They are left with huge losses in branded hardware, but our RingSystem allows the Brands and Licensed Producers to label their products on demand during production, and, if they have to – pivot and relabel for pennies, not dollars,” said Sasha Aksenov, Co-Founder and Chief Innovation Officer of The Blinc Group.

“A significant amount of vape products have no strain, no experience markings on the device and once the box is trashed, the consumers are left in the dark as to what they are vaping on.  It boggles the mind that with such onerous packaging labeling standards that this industry incurs, clearly labeling the product itself is not part of the regulations. Those types of standards are expected with any other type of consumer product, why not cannabis?  Now our patented technology is meeting that standard head-on, and we could not be prouder,” added Aksenov.

The RingSystem consists of two bands one at the base of the mouthpiece or “top” and the other at the base of the cartridge – TopRing and BaseRing. Before capping your compatible “Powered by Blinc” cartridge or disposable, you simply snap the TopRing onto the mouthpiece of the cartridge with the strain name.  The ring is also easily removed if you decide that the strain you’ve invested in is not “moving” and you need to pivot on the formulation or experience. 

“At the Blinc Group we strive every day to promote innovation, quality, safety, and integrity in every one of our products, the RingSystem is no different. It is imperative that the entire industry take those goals to heart. Consumers need to know what’s in their cartridge at all times and for this industry to thrive companies need to be able to increase their productivity and flexibility, without spending huge amounts of working capital on an unsold inventory. There are enough hurdles in the cannabis space, what’s in your vape cartridge shouldn’t be one of them,” said Arnaud Dumas de Rauly, Co-Founder & CEO of the Blinc Group.

About the Blinc Group
Headquartered in New York City, The Blinc Group designs, develops, supplies, and supports premium cannabis vaping hardware. The company offers a curated collection of proven cartridges, batteries, ready to use vaporizers, and complete bespoke device development to major multi-state operators, licensed producers, and brands. Blinc completes the value chain by providing its clients access to a suite of support services ranging from research and development, production, testing, standard operating procedures, training and all the way to go-to-market strategy and brand communications consulting. With full control of the supply chain, the company’s unique “Powered by Blinc” process enables clients to provide innovative, safe, and quality-controlled products to cannabis consumers worldwide.

Media Contact:
Gretchen Gaileypr@theblincgroup.com
202-489-3821

LINK TO THE ORIGINAL RELEASE

California’s Crushing Cannabis Taxes

If you were to ask what the main problem facing the largest cannabis market in the country is, there would be one resounding answer – TAXES.

Cannabis taxes on the state and local levels are choking the life of businesses across the state of California and cultivators, manufacturers, and retailers are looking for relief anywhere. Currently, businesses are subject to a $161 a pound state cultivation tax for flower, then a 15% state excise tax (which is really 27%, but we’ll get into that later), a 10% state sales tax in most areas, not to mention the varying local cultivation, processing, manufacturing, distribution, and retail tax, effectively making the tax rate on the average cannabis purchase about 50%.

At first glance, these taxes might seem reasonable, but when examined more closely they are not what they seem.  For example, the 15% excise tax is defined by an arm’s length transaction, with a 15% rate based on 80% of the retail price and not the wholesale price, effectively truly making the rate 27%. These onerous taxes aren’t levied on any other industry except for cannabis and business owners are crying out for mercy.  Legislators on the state and local levels are looking to provide band-aids to the situation, but so far only Senate Bill 1281 is offering long-term solutions.

The legislation introduced by Senator Steven Bradford (D-35) amends the Control, Regulate and Tax Adult Use of Marijuana Act (AUMA) would eliminate the cultivation tax altogether and lower the “15%” excise tax to 5%. It would also have the excise tax paid by the retailers, not the distributers. Currently, retailers are paying the excise tax to distributors for products that have yet to sell. This new provision would have retailers pay the tax directly to the state after the product has been sold and when they have the money to pay it. SB 1281 just makes sense.

There are other pieces of legislation that have been introduced to help alleviate the tax burden, Assembly Bill 2792 and AB 2506, but all they do is suspend the cultivation tax until 2028.  While businesses could benefit from these suspensions right now, what happens in 5 years? They are all back in the same place where they started, struggling to stay afloat under the crushing tax burdens.

California brought in nearly $1 billion in tax revenue last year for the first three quarters, but the illicit market is rampant, and legal businesses can’t compete.  A group of cannabis executives banned together and wrote to Governor Gavin Newsom about the situation, “The opportunity to create a robust legal market has been squandered due to excessive taxation,” they added. “75% of cannabis in California is consumed in the illicit market and is untested and unsafe.”

Newsom needs to address this massive problem that paralyzes the growth and stability of the California market. He has promised tax relief, but has been vague in how he would actually accomplish it. Eliminating the cultivation tax and vastly reducing the excise tax would be a good start. SB 1281 is the legislation that needs to cross his desk that is chocked-full of long-term solutions and common sense. No other industry is burdened with these kinds of taxes, and cannabis shouldn’t be either. Support SB 1281.

original article on GreenMarketReport

#notjustvapor