The Long Island Capital Alliance is bringing businesses in the growing cannabis industry and investors together at a Cannabis Capital Forum in Melville Friday morning.
The forum hosted by LICA, a nonprofit capital formation and business development organization, features presentations by companies building their business by exploring emerging trends in the burgeoning cannabis sector.
Among these trends, manufacturing and selling products infused with cannabidiol or CBD — a nonpsychoactive compound derived from cannabis and believed by some users to have medicinal properties — is among the most popular.
Three of the seven companies presenting their business plans to a panel of investors make or retail CBD products.
The presenting companies include three Long Island firms: Applied DNA Sciences of Stony Brook, a developer of unique DNA-focused technology for cannabis tracking; Healthy Edibles of Bohemia, a developer of CBD-infused food and beverage products; and Aromafloria of Huntington, a CBD health and beauty products business.
Liz DeMaria, vice president of Aromafloria, said her company’s CBD-infused offerings lie at the intersection of