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Seeing green: Why some real estate players think cannabis could be the next big thing

first_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink (Illustration by Brian Stauffer)Churchill Real Estate Holdings’ Justin Ehrlich made a name for himself as a New York developer snapping up distressed Downtown buildings during the financial crisis and turning them into luxury condos.But lately, his focus has been on another high-growth business: cannabis.In addition to his property dealings, Ehrlich is a partner in Loudpack, an umbrella company of brands that sells a popular line of vaporizers, among other  products. He’s also a partner in Greenwolf LA — a recreational marijuana shop in West Hollywood described as “the Whole Foods of dispensaries” — and has a stake in the ne plus ultra of stoner culture: High Times magazine.While the burgeoning cannabis business may seem contrary to New York real estate, Ehrlich said the two have more in common than one might think.ADVERTISEMENT“It’s the same philosophy as when we were buying up distressed properties,” he said, referring back to the recession. “There was a lot of fear in the market, and we knew whoever had cash on hand was going to clean up. It’s the same thing we’re doing now [with cannabis products]. A lot of people don’t want to touch it because it’s very risky and it’s a lot of work.”Ehrlich is one of several real estate players looking to get in on the ground floor of an industry with a vertical growth trajectory.As states around the country loosen restrictions on marijuana for medicinal and recreational uses, there’s a growing class of investors clamoring for a piece of what the cannabis research firm Arcview projects to be a $57 billion industry worldwide by 2027. New York, Illinois and Florida are among the states now looking to legalize marijuana for recreational use, and doing so would not only give them a major tax revenue boost — it could also pump billions of dollars into real estate leasing, sales and financing deals.And a number of property investors are looking to capitalize on the increasing need for cannabis-friendly commercial space by launching specialized funds and real estate investment trusts. To date, there are around 10 REITs and private funds exclusively focused on the marijuana industry.“The investor class in cannabis is similar to any other investment today,” said Adam Levin, whose private equity firm Oreva Capital bought a majority stake in High Times in 2017. The magazine’s owners are now pushing for an initial public offering at a valuation of about $225 million. “People who invest in real estate,” Levin added, “there’s just all this overlap because of the opportunities cannabis investments present today.”The roster of big-time players in the sector is also growing.Money managers BlackRock and the Vanguard Group are the biggest investors in Innovative Industrial Properties, the top-performing cannabis REIT. We Company CEO Adam Neumann is an investor in an Israeli medical marijuana company. Magnum Real Estate Group principals Ben Shaoul and Marc Ravner are partners in Ehrlich’s growing cannabis empire. And the blue-blooded Durst family even teamed up with the Greater New York Hospital Association in 2015 in a bid for one of the state’s first medical growing licenses— though the duo lost out to five other ventures including Columbia Care, which now runs a dispensary in the East Village.“We were interested in that because we have one of New York’s largest organic farms,” the Durst Organization’s spokesperson, Jordan Barowitz, told The Real Deal. “As a real estate company, we are familiar with highly regulated industries.”Into the weedIn total, 33 states have now legalized medical use, while 10 states (plus Washington, D.C.) have made recreational use legal. These early adopters have handed New York, Illinois, Florida and others a roadmap for what worked and what went wrong.But the latest states are far behind places like California, Colorado and Nevada, where recreational use is already legal and the cannabis industry is in growth mode, sources say.“I think Nevada has probably done it best,” said Michelle Bodner of the medical marijuana company Curaleaf New York, which holds one of just 10 medical licenses in the Empire State. “They started their adult-use program very slowly and were very cognizant of oversupply problems.”New York, meanwhile, has shelved plans to legalize recreational use in its latest state budget, and New Jersey lawmakers recently voted down a similar proposal.How the U.S. cannabis market and cottage industries around it evolve largely depends on federal and state regulations. Too many restraints could stifle a potentially booming industry, while sweeping legalization could fuel an investor frenzy across state borders, pushing out local players, experts say. For now, as long as federal laws prohibit the cultivation or sale of marijuana, it’s a divided market.“This is generating revenue for the states, and [state governments] may be covetous of that revenue,” said John Massocca, a stock analyst at Ladenburg Thalmann Financial who covers Innovative Industrial.Marc Spector, principal of the New York design firm Spector Group, which works with cannabis clients, said those heavily invested in the business are eager for federal changes that would allow money to flow across state lines. “Right now, on a state-by-state basis, you are siloed with what you can do,” he said. “A growing company can’t use resources from Colorado to expand into New York.”And while real estate is essential to the marijuana industry, there are huge barriers to entry. On top of federal restrictions, the business still conjures up images of smoke-filled dorm rooms and streetcorner drug deals for some. Many banks and other large corporations won’t go near it. The same goes for most of the big commercial brokerages, at least publicly, sources say. CBRE, JLL and Cushman & Wakefield, for example, have published only a handful of detailed reports on cannabis and real estate. At the same time, property owners are still working out the legal kinks of renting space to tenants that create or sell marijuana products.New York attorney Jerry Goldman, co-chair of Anderson Kill’s regulated products practice, said that while landlords have been charging less of a premium on rents for dispensaries as legalization becomes more mainstream, the costs are still generally higher than in leases for other businesses. That’s largely due to uncertainty over how federal marijuana laws will be enforced on the local level, he noted.Goldman referred to the federal “crack house” law — which makes it a felony to knowingly lease space for the manufacturing or distribution of any controlled substance — as a deterrent to leasing space to cannabis companies.“That risk does exist until federal law changes,” he said.High ratesMatthew Schweber, an attorney at Feuerstein Kulick who represents dispensaries, manufacturers and other marijuana companies, called it the “cannabis premium.” Schweber said he’s representing a client who was awarded a license in West Hollywood and, for those reasons, will likely pay double the rent a noncannabis company would. “It is a legal concern,” he said, noting that landlords “will say there’s the risk of foreclosure.”If an individual or company has a mortgage on a property and leases it to a cannabis producer, that landlord is violating a clause of the mortgage, which means the bank could demand full repayment of its loan at any moment, Schweber added. The clauses stem from federal lending guidelines, and in some cases, companies in the marijuana industry need to pay all cash to buy property for growing and distribution.That’s left a huge void when it comes to financing for cannabis companies looking to lease or build out space, one that specialized REITs and private funds are stepping in to fill. Many of these new entrants buy properties, pay off the mortgages and then lease back to the operators, knowing they can get two or three times the typical rent in that area.But the higher rates most of them charge — 150 to 200 percent in some cases — make it hard for smaller firms to break into the cannabis business, sources say. And that’s creating an uneven playing field in the industry.“It’s very difficult for any company other than, say, a large multistate operator to be able to afford the cost of operating,” Schweber said, “because the real estate is as critical to their welfare as any other component of their business.”That landscape is further kept in check by a limited number of licenses per state, which caps the number of competitive players — even in big recreational markets like Los Angeles and Denver.In L.A., landlords still have “all the leverage in the world” over would-be tenants, said Ali Mourad, a broker at Sperry Commercial who’s worked with both cannabis tenants and landlords.The city is expected to allow another 200 licenses over the next few years, but the process can be complicated and expensive, Mourad said. Cannabis companies have to secure a lease before they can get a license, which makes it even harder for property owners to commit to lease agreements.“It’s still really complicated, and that’s caused confusion on the landlord side,” Mourad said. “And there’s still a stigma there. Then you have zoning restrictions, so operators are really limited to where they can go.”Limited supplyWhere there’s resistance, however, there’s also opportunity, as shown by the investors and lenders that have pounced on the burgeoning business.The publicly traded Canadian cannabis firm Harvest Health & Recreation partnered with two family offices late last year to form a $100 million real estate fund called Aina We Would, for example. Harvest, which spun off its property holdings, will finance acquisitions and new construction projects while pursuing its own investments through the fund, including land purchases and sale-and-leaseback deals.Aina We Would lends to other companies at an interest rate of about 12 percent, which accounts for the legal risks it takes on, said Harvest Health President Steve Gutterman. He argued that it’s a good price, citing a going rate closer to 16 percent.A number of similar funds and REITs have cropped up in California.Inception Companies, a private investment firm based in Beverly Hills, launched a $50 million cannabis REIT last August. Inception is also focusing on leaseback deals with marijuana companies. And the popular L.A.-based retailer MedMen Enterprises partnered with the family office Stable Road Capital in January to form a cannabis REIT called Treehouse. Similar to Harvest, Medmen spun off its real estate assets in a deal valued at about $100 million, financed in part by Treehouse’s first capital raise of $133 million.While there are several risks to investing in cannabis-related property, the financial upsides can be significant.San Diego-based Innovative Industrial, which specializes in medical-use marijuana farms, was the country’s best-performing REIT in 2018, netting investors a 117 percent profit — beating out Vornado Realty Trust, SL Green and other large traditional real estate players.Massocca of Ladenburg Thalmann said companies focused on triple-net lease deals pay cap rates in the single digits for less desirable real estate, like properties leased to tenants with bad credit. Innovative Industrial, on the other hand, is investing at cap rates in the low to mid teens, which means there’s plenty of room for it to improve a property’s fundamentals, he noted. The REIT’s performance “has risen dramatically” in the past few months, Massocca added.At the same time, the field of financiers in the pot and real estate arena is still narrow, said Dan Leimel, CEO of the private real estate investment firm Pelorus Equity Group. The company, based in Newport Beach, California, launched its own $100 million debt and equity fund targeting cannabis-related real estate in September.“It’s not a robust market in a sense that there’s a lot of players,” Leimel said. “Is it robust for those of us in it? Yeah.”MedMen’s dispensary storefront at Ashkenazy Acquisition’s 433 Fifth AvenueJason Thomas, founder of the Denver-based cannabis real estate brokerage Avalon Realty Advisors, said there were “less than 10 large-cap” players, but estimated there were several hundred smaller investors with somewhere between $3 million and $5 million to deploy. Many are one-off investors working in local markets, he said.But as more states legalize, REITs and private funds are jockeying to establish themselves in those markets. And the industry could be in for a major shift if the federal government lifts financing restrictions and institutional lenders flood the market.The New York Times reported last month that nearly all of the 2020 Democratic presidential candidates favor legalization and have framed it as a racial justice issue, since nonwhite offenders are disproportionality imprisoned over marijuana offenses. Meanwhile, President Donald Trump has sent mixed signals on the issue but has said that he would back a bill protecting cannabis businesses with state licenses, the paper reported.Leimel said increased competition pushes him to sharpen his business model. He argued that his firm will thrive on value-add deals, especially in cases where banks may only lend a portion of what operators need to build out a space or expand operations.If and when “federal restrictions are lifted, we’re going to beat banks all day on that,” Leimel said.A tighter lidMedMen opened its first Manhattan dispensary last year — a sleek storefront at Ashkenazy Acquisition’s 433 Fifth Avenue that’s been compared to an Apple store.Zeeshan Hyder, MedMen’s chief corporate development officer, said the posh location was very intentional. “Our retail strategy includes being a first mover in attractive consumer markets,” he told TRD by email, noting that the Fifth Avenue lease deal “is an extension of the playbook we’ve executed on in California.”Hyder cited the regulatory and legal environment, including zoning laws, as the biggest challenge his company faces in New York.And those invested in the cannabis industry in New York could face even more hurdles if the state legalizes recreational use. Curaleaf’s Bodner said that when it comes to selling marijuana even for medical use, “New York is the most highly regulated state in the country.”New York’s limited number of licenses allow those companies to operate a total of 40 medical dispensaries in the state of nearly 20 million residents, Bodner noted.Florida, by comparison, has seven times the number of dispensaries per capita, while California authorities have issued over 10,000 commercial cannabis licenses to businesses in the state and has 49 active medical licenses.New York City could be further hampered by density issues. Of the 10 companies licensed to grow and dispense marijuana in the state in 2019, for example, none are growing in the five boroughs. The closest ones are more than an hour north of the city in Orange County, and one operation grows in Monroe County near Lake Ontario.But while the number of dispensaries in New York remains capped, that’s led to better quality control. “We have the best product in the country,” Bodner said about the consistency of the state’s medical marijuana — including its potency.“You look around at other states where licenses have been issued to people who perhaps don’t have the background of professional growers, and the market becomes flooded and prices implode,” she added. “Things go to the black market.”It remains to be seen how and when New York lawmakers will address legalization for recreational use. For months, it looked as though Albany would deal with legalization in the state budget process, wrapping on April 1. But in late March, Gov. Andrew Cuomo said the prospect of getting legalization done through the budget process was unlikely, signaling that it may get picked up later this year in the legislative session.By comparison, in the two years after Colorado legalized pot for recreational use, grow house leases in metro Denver rose two to three times higher than average warehouse rents in top cultivation submarkets, according to CBRE. And industrial buildings occupied by cannabis companies in that market saw their sales prices rise more than 17 percent between 2014 and 2017, from $98 to $115 per square foot. Denver’s City Council did not cap dispensaries and grow operations until April 2016, which slowed what was until then strong demand for space and likely tempered rent growth, sources say.In California, which legalized recreational marijuana just last year, the values of state-compliant properties in the Los Angeles area have risen by as much as 50 percent, Pelorus’ Leimel said. That growth has been strongest with industrial buildings in blighted desert areas in northern L.A. County, he noted. Property values increase not only due to the higher rents, but also because some cannabis companies are investing millions to accommodate large-scale growth operations.“These are high-tech spaces,” Leimel said. “Some of them look like hospitals.”Similar strainsThe picture in Illinois is similar to New York, with most of the growth operations taking place far outside the city.Tim McGraw, CEO of the California-based development and property management firm Canna-Hub, said that on top of the high costs in both markets, “there’s typically more bureaucracy in a big city.”“Why would you want to deal with it?” he asked.Still, some investors are ready to dive head first into New York.Leimel said his fund has been closely tracking the state’s cannabis market and political environment — and he suspects others are doing the same.If New York legalizes recreational use, many think the landscape will look a lot different than it does on the West Coast. Avalon’s Thomas said the volume of licensing will play a big part in how real estate is impacted.“A state that has a shallow pool of licenses that will likely go to the most qualified applicants is not going to perpetuate a massive green rush for properties,” he noted, “because maybe we’re talking about a dozen stores and the same amount of cultivation locations.”Brian Staffa, founder of the New Jersey cannabis consulting firm BSC Group, said East Coast states have kept a tighter cap on licenses overall.How and where a state distributes its licenses is also important, he added. A state like New York would be wise to allow more cultivation licenses in rural areas and more retail locations in the city, Staffa said. That could revitalize areas with obsolete and disused industrial space.But he cautioned that there may be just a few winners in New York real estate when all is said and done. Staffa said it’s important that developers and property owners carefully analyze demand before building too big.“Mistake No. 1 is misreading the potential market to drive project size,” he said, noting that some developers in legal states “have built out at such a scale in markets that couldn’t support it and they just bled and bled.”—Additional reporting by Eddie Small in New York and Joe Ward in Chicagolast_img read more

Women’s Hockey: Badgers sweep weekend series versus No. 4 UMD

first_imgComing off an impressive road sweep of the Mercyhurst Lakers, the Badgers looked to continue their hot start to the season as they faced off against the University of Minnesota-Duluth Bulldogs. UMD came into the series ranked No. 4 in the nation, setting the stage for a powerhouse matchup in Madison against the No. 2 ranked Badgers.The Badgers struck first and struck quickly during the opening period of Saturday’s match as junior Presley Norby netted a goal within the first four minutes. Fifth year senior Annie Pankowski would also score, giving the Badgers a commanding 2–0 lead at the conclusion of the first period.But the Bulldogs would not stay quiet. UMD went on to dominate the entire second period, stealing back the game’s momentum. The Bulldogs scored two unanswered within a span of just over four minutes, tying the game 2–2 after the penultimate period.Season Preview: Bucks tip off Wednesday, fans hope new era is underwayMilwaukee Bucks newcomers The Milwaukee Bucks are experiencing a renaissance of sorts as they enter the 2018-2019 season. The BMO Read…Tensions ran high throughout the opening half of the third period, as neither teams were able to score a go-ahead goal. Finally, during a power-play just over halfway through the third period, freshman Britta Curl gave the Badgers the lead. Junior Abby Roque added the Badgers second power-play goal of the period, widening the gap to a 4–2 lead they would maintain for the remainder of the game.UMD struck first during Sunday’s installment of the two-game series, scoring a first minute, unassisted goal. But Wisconsin quickly responded with their own equalizer as sophomore Natalie Buchbinder snuck one past the UMD goalkeeper at the seven minute mark.The Badgers scored two more unanswered in the second and third periods, with goals coming from both junior Alexis Mauermann and sophomore Brette Pettet. Sunday’s contest ended with a score of 3–1 in favor of the Badgers, giving them a home sweep of the No. 4 ranked UMD Bulldogs.While the Badgers did not move up in the national rankings from their No. 2 spot after this past weekend’s sweep, the series of victories against the top five Bulldogs sets the stage for another hopefully strong performance in next week’s contest versus Princeton.last_img read more

Paul Pogba latest! Juve chief claims €80m price for Man United and Chelsea target

first_img Paul Pogba 1 Juventus chief executive Giuseppe Marotta insists the Italian club have no interest in selling Paul Pogba.The former Manchester United midfielder, who left Old Trafford for Turin in 2012, has been heavily linked with a move away this summer.Real Madrid are said to be lining up a huge offer, while United are understood to be keen to lure the Frenchman back to the Premier League, as are their domestic rivals Chelsea.Pogba’s agent Mino Raiola recently fuelled speculation his client could be heading for the exit door at Juventus by admitting his future is “uncertain”.But, while the Serie A giants claim they could receive a huge fee of up to £55million for the 22-year-old, Marotta insists they have no interest in cashing in.Talking on Radio Deejay, he said: “There are clubs prepared to pay between 70 and 80 million euros to sign him. There are many suitors for Pogba, but we do not want to open negotiations and we want him to stay with us.”last_img read more

SETI Will Turn 50 in 2010

first_imgThere hasn’t been much news about SETI lately, but expect more in the coming year.  In April 1960, 50 years ago, Frank Drake began the first SETI search with radio telescopes called Project Ozma (see SETI Institute description).  No undeniable signal of intelligent origin was found that year or in the 50 years since, despite increases in search sensitivity and scope by many orders of magnitude.  Drake, now 50 years older and wiser, is still considered a founding father of SETI and is featured prominently on the SETI Institute website.  The SETI Institute fired up its most powerful search tool ever this year: the Allen Telescope Array (financed prominently by Microsoft billionaire Paul Allen; see 10/12/2007).    There will probably be an increase in reporting and hoopla about the search for extraterrestrial intelligence in 2010.  New Scientist mentioned this on December 23.  Actually, 2009 was a 50th anniversary for SETI, too.  Last September, Nature printed an editorial supporting SETI on the 50th anniversary of the first scientific paper that presented, in 1959, the possibility of a search using radio frequencies (09/20/2009).  The Editorial said, “Regardless of how exhaustively the Galaxy is searched, the null result of radio silence doesn’t rule out the existence of alien civilizations.  It means only that those civilizations might not be using radio to communicate.”  Nature didn’t mention the other possibility – that there are no aliens.If any business were celebrating 50 years of good intentions but absolute failure, the press would have a field day mocking them.  SETI, however, is forgiven, because its occult practitioners are materialists and pro-Darwin.  They get a free pass into the scientific community, otherwise known as the Darwin Thought Collective.    Project Ozma was inspired by the Wizard of Oz tale.  And they thought Darwin skeptics were not in Kansas any more (04/21/2005).(Visited 10 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Irish surfer captures Mr Price Pro

first_img9 July 2012 Young proved on-point throughout the week, taking down top names, including former Mr Price Pro champion and world number eight Jordy Smith in the quarterfinals. The final day of competition culminated with the best swell of the waiting period as solid 1.5-metre, offshore conditions provided the idyllic arena for an action-packed day of world-class surfing. American Nat Young posted his best result of the year, sharing third after reaching the semi-finals, where he was narrowly defeated by Hall, with 14.50 to 14.67. “It was an awesome contest. I’ve been coming here since I was 18 and the waves are always insane. I love coming here and I can’t wait for next year.” SAinfo reporter South Africa’s Smith and Travis Logie placed equal fifth after the pair was eliminated in the quarterfinals. Hall’s victory comes off the back of a stellar competition season for the Irishman, which has seen him winning a four-star event in China, followed by a runner-up finish at the ASP Prime Lowers Pro at Trestles, California. His consistency has seen him rocket from 27th to 16th on the world rankings. Hall held his composure throughout the 35-minute final to secure victory. He opened with an excellent 8.33 (out of ten) before waiting until the final minute to regain his priority, which earned him more than the required score to snatch the win from Curran with a 6.67 back-up ride. A standoutCurran proved a standout throughout the week, revealing the depth of his surfing repertoire with a combination of airs, barrels and carves, but suffered a disappointing defeat in the final after losing priority and gifting the Hall the win. “Nathaniel is an amazing surfer and I was pumped to have a final against him. It was always going to be a tough heat, but I’ve learnt never to be content with second and to always push for more until you’ve won.”center_img “It’s still a long road ahead and I’m just going to keep trying and see where I end up,” Hall added. After taking down some big names, including South African hopeful Travis Logie in the quarterfinals, followed by ASP world number four Adriano De Souza of Brazil in the semi-finals, Curran’s runner-up finish sees him jump from 96th to 42nd in the world rankings. Convincing winsAdriano De Souza showed exactly why he is the world number four, posting convincing heat wins all week, as well as the highest individual wave score of the event, a 9.50 against Brian Toth in the quarterfinals. In the end, he finished equal third. Brian Toth and Jack Freestone joined the South African duo with equal fifth place results, with Toth being defeated by De Souza, and Freestone falling to the eventual winner Hall. Ultimately, he won the heat by 15.00 to 13.67 (both out of 20.00). “It still feels great to get a result,” Curran said. “I’ve been struggling for a year-and-a-half, so I’m stoked to make the final. Australian-born Irish surfer Glenn Hall secured the biggest win of his career on Sunday, beating American Nathaniel Curran in the final to lift the ASP Prime Mr Price Pro Ballito title at Willards Beach in Ballito on South Africa’s KwaZulu-Natal north coast on Sunday. ‘I was just praying for a wave’“It’s the biggest win of my career by far. I kind of felt like if you got the wave out there you could get the score and I was just praying for a wave at the end,” Hall said. Would you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

DTI: first stop for exporters

first_imgThe DTI is positioned as the essential point of contact for anyone involved in trade and investment in South Africa.The export process is sector-specific, and sector strategies offer the framework within which exports are encouraged and incentivised. (Image: Brand South Africa)Brand South Africa reporterThe main government body tasked with assisting exporters is the Department of Trade and industry (DTI).As a crucial enabler of South Africa’s economic strategy in providing an environment that is conducive to investment, trade and enterprise development, the DTI enjoys direct access at the highest levels to South African business sectors and trading partners. The DTI is positioned as the essential point of contact for anyone involved in trade and investment in South Africa.The DTI works to build equitable and strong trade links with key economies, with a special focus on supporting African regional economic integration and co- operation. South Africa has trading relationships with more than 200 countries and territories.Visit the DTI’s website for the latest information on trade agreements: www.dti.gov.zaSector specificThe export process is sector-specific, and sector strategies offer the framework within which exports are encouraged and incentivised. The DTI focuses on promoting sectors of the economy that have shown the greatest growth potential and marketability.The DTI’s sector specialists have a clear understanding of, and access to, the various industries, and are able to provide advice on all current export processes and procedures.Enquiries are channelled through the DTI Customer Care Centre on:0861 843 384 (local callers)+27 (12) 394 9500 (international callers)OpportunitiesIn partnership with Provincial Investment Promotion Agencies (PIPAs), the DTI promotes investment and export activities in targeted markets. It has teams operating from regional offices around the world providing market intelligence and identifying opportunities for South African companies, as well as sector specialists offering advice on export processes and procedures.Visit the DTI’s website for the PIPA director as well as information on export opportunities: www.dti.gov.zaExport councilsExport-oriented companies have, in partnership with the DTI, organised themselves into so-called Export Councils, which target specific markets. These assist exporters in reaching their targets, and specifically enable small businesses in any sector to access DTI support structures.Read more: South African export councilsIncentivesThe DTI also provides incentives to exporters – with a special focus on small, medium and micro enterprises (SMMEs) and black economic empowerment (BEE) exporters – through the Export Marketing and Investment Assistance (EMIA) scheme.Read more: Incentives for exportersExport adviceThe International Trade Administration Commission of South Africa (Itac) is responsible for import and export controls and for the issuing of permits. It can also advise you on trade regulations.Website: www.itac.org.zaThe DTI’s website also carries information on learning to export, including how to do an export readiness assessment, export order case studies, and the the four-step export order process.To register as an exporter, you need to contact the South African Revenue Service. SARS also has up to date information on export tariffs.Website: www.sars.gov.zaWould you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

New Young Ag Professionals leaders announced

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Bennett and Liza Musselman of Orient are the new chaircouple of Ohio Farm Bureau’s State Young Ag Professionals Committee. Emily Krikke of Greenwich is the new vice chair.Young Ag Professionals are 18 to 35, singles and married, who are interested in improving the business of agriculture, learning new ideas and developing leadership skills. The group includes full- and part-time farmers, OSU Extension agents, teachers, consumer educators, former Ohio Farm Bureau Youth members, FFA and 4-H alumni, farm media communicators, livestock and equine enthusiasts, seed representatives, green industry employees, gardeners, foodies and more.The Musselmans farm with Bennett’s father. Liza is an accounting manager at WillowWood, owns a photography business and is active in Ohio Agri-Women and as a school volunteer. Bennett is a vice president and agribusiness banker at HeartlandBank, is president of Pickaway County Farm Bureau, on the ag committee of the Pickaway Competitiveness Network and a Pickaway County Farmers Club member. They have two sons.Krikke farms with her parents raising crops and hogs. She is a Certified Pediatric Registered Nurse at Akron Children’s Hospital. She is active in her county Farm Bureau and Ohio Pork Council.Other members of the State YAP Committee are Jessica and Nick Dailey, Kristen and Justin Dickey, Cassandra and Luke Dull, Casey and Charlie Ellington, Aaron Harter and Kaitlyn and Ross Meeker.last_img read more

10 months agoCampos: Mourinho return ideal for Real Madrid

first_imgCampos: Mourinho return ideal for Real Madridby Carlos Volcano10 months agoSend to a friendShare the loveFormer AS Monaco sports chief Luis Campos believes Jose Mourinho should return to Real Madrid.Since his sacking at Manchester United, Mourinho has been linked with Santiago Solari’s job at Real.Campos is close to Mourinho and was sorry to see his demise at Old Trafford.“I was very disappointed by what happened,” said Campos. “He would have wanted to build a great project in England. I see him as the ideal man to manage Real Madrid. He might return at some point because he is a great coach.” TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your saylast_img read more

10 months agoMan Utd fullback Luke Shaw: Defence deserves a clean sheet

first_imgMan Utd fullback Luke Shaw: Defence deserves a clean sheetby Paul Vegas10 months agoSend to a friendShare the loveManchester United fullback Luke Shaw admits there’s been frustration over their lack of clean sheets.United go to Newcastle this week.”It’s been frustrating [not to keep a clean sheet] because in the last two games we’ve defended really well, especially the two centre-backs,” Shaw told manutd.com ahead of the fixture.”I think Jonah [Phil Jones] and Victor [Lindelof] have been amazing. The defending is much better and we’ve been so close [to a clean sheet]. They’re two set-piece goals [we’ve conceded]. In open play we haven’t really been tested too much.””I think set-pieces are the only thing that have tested us so I think that’s a positive and I’m sure the clean sheet for David [De Gea] will come soon. We just need to keep doing the same things.” About the authorPaul VegasShare the loveHave your saylast_img read more