Tryke Companies’ world-class team of cannabis professionals is dedicated.
Dedicated to each other, to hard work, and to growing & producing the finest, most consistent cannabis products available today. To top it off, we are dedicated to making those products available at the best value possible, providing the most bang for your buck in the industry. We do this by building and operating our own state-of-the-art facilities, where we control the process from seed to finished product.
Tryke Companies was formed in Arizona in 2014. We helped pioneer Nevada’s legal cannabis market from its inception in 2015. And we are leading the charge again in Utah, working since 2019 to help stand up the state’s medical cannabis program.
Over the years, Tryke has refined processes to craft an ever-evolving selection of products and brands at every price point. From high-quality flower and prerolls to a full menu of production items including vapes, edibles, tinctures, concentrates and more. Don’t forget our trusted CBD products, manufactured to the same exacting standards as our cannabis products. But don’t take our word for it, Wiz Khalifa selected Tryke as the exclusive cultivator and processor of his famed Khalifa Kush brand in all of the markets where we operate.
So next time you see one of Tryke’s products on the shelf, remember the dedication to excellence that guided every step of its creation.
Marijuana dispensaries look to venture capitalists for seed money
Ross Kirsh hasn’t hit the big time just yet. But he has sold more than 500,000 childproof bags in the past two months to medical and recreational marijuana dispensaries in Colorado.
So it’s true what’s been said about plastic all along: It’s worth the investment.
Ross Kirsh, in Las Vegas for the Champs Counter Culture Trade Show this week, hasn’t hit the big time just yet. But he has sold more than 500,000 childproof bags in the past two months to medical and recreational marijuana dispensaries in Colorado.
All thanks to a tiny pair of green plastic hooks that come together with a coordinated push of the thumbs, a mechanism he plans to patent.
But Kirsh, 30, a New York native, said his company, Stink Sack, couldn’t have done it without the financial help of the ArcView Investor Network. It’s a growing group of venture capitalists who are in town for the National Cannabis Industry Association conference this week.
In the absence of bank loans, these kinds of groups could be the financial key to future dispensary owners in Nevada, said Reggie Burton, an ArcView spokesman.
“If somebody wants to get started, if somebody has an idea for a dispensary, this is the place to get your feet off the ground, this is the group to turn to, this is the place to let people know what you’ve got in mind,” Burton said.
Kirsh is an example of that.
Late last year, the group lent Kirsh $80,000, enabling him to fly to China and have the bags manufactured in a city two hours north of Hong Kong.
Today, Kirsh plans to ask the group for an additional $50,000 loan to expand staffing and his sales team.
He will have about five minutes to convince them in a pitch forum — similar to those seen on the “Shark Tank” TV series — at Meet Las Vegas on South Fourth Street.
And he’s not going to be the only one making a pitch. He will be among the dozen entrepreneurs who will push their latest inventions and business blueprints to more than 100 investors.
“To be frank, I’m having a hard time keeping up with the demand, and I’m hoping they’ll come through for me in the clutch again,” said Kirsh, who has been going gangbusters on the childproof bags since late last year, when Colorado made it a requirement that all marijuana sales come with child-resistant accessories. “But in the end, it’s all about cash flow.”
Because medical marijuana is illegal in the eyes of the federal government, FDIC-insured banks aren’t providing the sort of traditional loans that are readily available for startups. And that can make life difficult for Ramen Noodle-eating entrepreneurs like Kirsh, whose three-year experience working in China landed him in a perfect position to do business in Colorado.
All the Syracuse University graduate needed was the backing, which is where ArcView comes in. Its purpose is pairing up investors with people like Kirsh. And since Colorado and Washington state legalized recreational marijuana, it has seen an uptick in its membership.
It has grown from 25 members last year to 125 today, said Burton, adding that each investor must invest at least $50,000 and pay an annual membership fee between $3,500 to $5,000.
Tech entrepreneurs, angel investors, venture capital firms, real estate moguls are just a few of the growing list of members, with some proving to be among the largest donors to marijuana policy efforts in certain states across the country.
They lend the money to the people on the ground, then sit back and monitor the bottom lines, Burton said.
One lucky recipient on a much grander scale than Kirsh is Andy Williams, whose company, Medicine Man Denver, received a $1 million loan from the group last year.
Williams, a former industrial engineer, built a 20,000-square-foot facility — known as the “Costco of the marijuana industry” — near the Denver International Airport and now, with the infusion of ArcView money, plans to build another one.
Since Colorado legalized marijuana for recreational use late last year, Williams said the price per pound has skyrocketed, from “$2,500 to $6,000.
“It’s all about demand, and the demand has gone way up,” he said, adding that his facilities are big for a reason: He has a grow house and a retail front.
“And like Costco,” he said, “I’m never going to run out of merchandise, and I’m going to offer it at a reasonable price.”
He still has to pay back the loan by 2016.
“Nevada is next up,” he said. “You just watch and see. It’s only a matter of time before it legalizes marijuana on a recreational basis.”
Whether the cities of Las Vegas and Henderson get on board and adopt ordinances to comply with the new state law remains to be seen. The new law authorizing 66 dispensaries, 40 of them in Clark County, will take effect on April 1, when the state issues the final guidelines.
The Clark County Commission has advised its staff to start preparing for the application process, but it’s the only governing entity in the county to do so.
Progressive Marijuana Policy
Nevadans voted overwhelmingly to legalize recreational marijuana in November 2016, and immediately afterward I began work to ensure the law was enacted as quickly and smartly as possible. Recreational marijuana dispensaries opened for business then in record time — less than eight months after the public referendum. Nevada is now the gold standard for cannabis regulation, but we can still do more to make Las Vegas the leading destination for marijuana tourism. Clark County should establish a marijuana bank to improve public safety, and allow for the creation of facilities and events where marijuana can be enjoyed in a social setting. In addition, I have led the call for marijuana tax revenues to be further dedicated to public education Clark County.
I am the person to lead Clark County into this new era, having already spent years in the legislature writing the bills that allowed marijuana innovators to plant seeds in Nevada. The industry has grown exponentially thanks to these regulations, which were inspired by trips to study best practices in Colorado, California, Arizona and Washington.
Building on my experience shepherding modern and sophisticated medical marijuana regulations into effect, I was able to get our recreational standards put into law in July 2017, when dispensaries began selling their products to adults over the age of 21. Now I want to focus my passion for marijuana rights on Clark County. Las Vegas is America’s playground. In order to maintain our status as the go-to place for adventurous celebrations, we need to make marijuana use an option in specially-designated businesses, parks, and venues. Hotels especially need to be permitted to allow marijuana use on their property. I drafted bills to this effect in the State Senate, yet conservative Republicans stood in the way of this inevitable progress.
Fortunately, Nevada’s Legislative Counsel Bureau has stated that cities and counties can create their own ordinances governing marijuana consumption in businesses. It’s up to Clark County now to make the choice that Denver has already made in order to stay head of the curve.
Las Vegas’s marijuana industry is already making national headlines. It nearly ran out of product shortly after opening its doors to tourists, which raises another issue: Where to store the cash.
Our Nixon-era federal drug laws still classify the plant as illegal, and President Trump’s administration has shown hostility toward states regulating its use. For that reason private banks are afraid to accept marijuana industry cash for fear that they’ll lose their licenses. Until these anachronistic federal standards are changed, local governments need to provide a public savings and loan option. A public bank would help ease the security threat that these cash-heavy businesses feel as potential robbery targets. It may also deter other illegal activities, such as tax evasion and money laundering, which take place whenever large amounts of cash circulate without a paper trail. California is considering this option, as well. Profits from a government-owned bank could help fund Clark County’s schools, public transit needs, and infrastructure projects, all of which are suffering from longterm neglect.
And to continue leading the nation in marijuana policy, I’d also like to see:
- A program that helps people with marijuana offenses on their criminal records have those charges expunged.
- Standards that encourage diversity in the industry, incentivizing women and people of color to become marijuana entrepreneurs.
- Updates when necessary to Nevada’s top-tier standard for testing, handling, and taxation of the plant to ensure it’s safe and of strong fiscal benefit to the public.
My work nurturing this industry to its current legal status inspired Euphoria Wellness in Las Vegas to name a marijuana strain “Segerblom Haze” because, as they stated in a press release, I’ve “fought the battle” and “proven to be quite potent on this issue.”
It’s said to be “energetic and uplifting” bud, which is the same level of passion and enthusiasm I’ll bring to Clark County Commission and District E.