As a newly emerging industry, the world of legalized cannabis is going through some growing pains, and there’s no end in sight. Those currently working in the industry have an idea of the complexities involved. Some of these issues are typical self-inflicted startup woes; others a result of constantly changing regulations. Let’s face it, building […]
As marijuana legalization continues to spread across the US, there’s no shortage of entrepreneurs out there looking to get a foothold in the lucrative cannabis industry. But for those without the necessary start-up capital, obtaining a bank loan to turn a vision into reality remains a big hurdle. That’s because while more and more states […]
As the marijuana industry in the US becomes ever more lucrative, more and more entrepreneurs are looking to get in on the action. Applications for cannabusiness licenses are increasing year on year, with the number of issued retail licenses jumping by nearly 30 percent in the past year. In this increasingly competitive environment, marijuana retailers […]
How can you continue to play a game if the rules keep changing? The cannabis industry: new, potentially lucrative, volatile as hell and illegal federally. As states legalize marijuana, it seems like everyone wants to join the league of cannabis pioneers. Perception versus reality is two vastly different tracks, with many motivated and eager entrepreneurs […]
After a two year Covid-induced hiatus, B2B cannabis conference events are back and bigger than ever. Such events are a perfect opportunity for marijuana industry veterans and would-be cannabis entrepreneurs alike to stay ahead of the latest developments and meet like-minded individuals and brands that could well offer more than just a friendly conversation. Before […]
No business owner can manage their enterprise’s operations alone. That is, not if you want your business to succeed and grow. This is especially the case for businesses in the cannabis space. Complex and ever-changing rules and regulations impose time and resource constraints that are overwhelming and costly to handle alone. That’s why it’s imperative […]
As the cannabis industry in the US matures, there’s a growing need for accountants to service canna-businesses and further professionalize the sector. But given the complexities and risks faced by marijuana businesses due to the plant’s federally-illegal status, it is essential to hire an accounting firm with cannabis industry-specific expertise for three hugely significant reasons. […]
It’s really a matter of safety. In California, one of the largest weed markets in the world, unlicensed cannabis businesses outnumber legal ones. And in Oregon, the glut of low-priced legal weed has incentivized illicit growers to export their products across state lines and into states where marijuana is still illegal. With the recent vaping […]
Like marijuana legalization itself, AI is in its early stages, and advances in AI technology are being increasingly applied in the legal cannabis industry to help marijuana companies from seed to sale. Here are the main ways in which AI technology is being leveraged in the marijuana industry. 1. AI for optimizing cannabis cultivation Achieving […]
Starting a business is inherently risky but these are especially acute for cannabis cultivators. Uncertainties surrounding marijuana banking and the patchwork of ever-changing and onerous regulations means many cannabis operations start small with a view to scaling-up as and when conditions allow for it. It’d be a mistake to think scaling-up simply means hiring more […]
