Connections revealed between cannabis investors and sketchy mask deals

Published Aug 25, 2020 09:00 a.m. ET
iStock / Blue Planet Studio

Marijuana stocks are hurting as are other high commodities, perhaps partially due to the coronavirus.

2020  saw the federal government shelling out billions of dollars. However, there are some qualifications for obtaining those dollars, and one of them is if your business supplies the much needed surgical masks, namely the N95 face masks. You need to be able to provide a product to help save lives during the worst pandemic the world has seen for some years. N95 face masks are a hot commodity, and for some, the path to financial security and not necessarily in an ethical or legal way.

The invitation

Juanita Ramos had been invited by other ganjapreneurs to be part of a quick, profitable business deal. The group she was invited to join held in their possession an over 34 million dollar purchase order provided by the U. S. Department of Veteran Affairs. All of that was necessary to complete the deal and reap the profit was to help finance, deliver and purchase these perhaps life-saving surgical masks.

Ramos’s friend had exhausted the ability to secure these N95 masks in the time given to subsequently reap the revenue. Time was running out, so the friend was now reaching out to the cannabis industry to help him complete the deal and offering each of them a cut to reach the deadline. Knowing that the cannabis industry has difficulty accesses financial help through legal measures, the friend offered this opportunity to Juanita. The chance to invest quickly and reap the profits just as fast.

Background

Juanita Ramos had connections within the medical supply chain due to her involvement in the legal marijuana space. She saw a chance to help the frightened front line health worker get access to needed protective wear, including the N95 face masks, during this pandemic, but she also knew that this was a way to put some revenue in her pocket. She enlisted the help of her 50-year-old daughter and began contacting people in the cannabis space with money.

Payday

Ramos states that while working the phones and striving for investors, her daughter and herself did not make more than $200. However, the contacts, spreadsheets, emails along with details of how foreign and domestic investor of which contained investors with ties to the marijuana industry saw the advantages they could reap from one of the nation’s worst health disasters.

Doing what’s right

The self-described medicine woman and her daughter suffered through two months of the shady surgical mask deals. They decided that she could not let this practice continue without stepping forth and disclosing what she had observed during her short time involved in the N95 mask scam. The practice pushed her to open up and tell her story.

The medicine woman did not want to be part of the “broker Chain” as she had no interest is being part of the chain that was being presented to her. Her enthusiasm was to assist people through this worldwide pandemic. She is quick to divulge that yes, she wanted to make some money from the sales of the masks, but she felt like the 5 and 6 dollar increases were sheer robbery. Her vision was to increase the price of each mask by only 1 dollar.

She wanted no part of the deal; she was a medicine woman who wrote about the benefits of cannabis medicine.

Closing thoughts

Is Ramos correct? The self-proclaimed medicine woman tells us to be prepared for the next wave of COVID-19, are you?

The pot industry is altering advertising strategies due to COVID19

Author

Related posts