Dealing with the COVID-19 pandemic was a lot easier in states with legal cannabis, and the numbers are pretty impressive. Colorado, Illinois, and Oregon all hit record-breaking sales figures in the past few months, despite the recent recession and stay-at-home orders. Let’s face it; cannabis has been a life raft to many during these difficult […]
Cannabis has two “official” holidays: 4/20 and 7/10. The first one is principally devoted to the big, wide world of weed. The second first noted around 2012, celebrates oil (710 spells OIL backward), most specifically hash oil. Cannabis concentrate sales have boomed in recent years, and the rising popularity of 7/10 proves it. Oils claim […]
Nothing is perfect. That includes plans with noble intentions. Throw in a worldwide COVID-19 pandemic, and it’s safe to say that the roll-out of Illinois’ social equity program for cannabis companies isn’t quite what was envisioned. While the state can boast some of the most progressive social equity provisions, others say that the rules don’t […]
If you’re a cannabusiness in Michigan, it’s just another day with another hoop to jump through. On June 22, the Michigan Marijuana Regulatory Agency announced that operators of cannabis businesses must now utilize freshly created applications and resources. What that all actually means, though, is clear as mud. In a press release the agency explained […]
It’s generally agreed upon that cannabis companies are dealt different hands depending on the states they operate in, especially during the COVID-19 pandemic. It shouldn’t be lost on anyone that weed is considered an essential staple during times of hardship — every state with a regulated marijuana program continued to allow sales to some degree […]
COVID-19 has been quite effective at shutting down a ton of businesses. The recent pandemic has also put the cannabis industry under the spotlight, as many marijuana-legal states have deemed the sector an essential service, allowing continued operation during a time where many businesses have mandated closures. These events have also highlighted service gaps – […]
The economy goes in cycles, and there’s always a mix of good and bad times. The recent COVID-19 pandemic has thrown a wrench in things – the economic effects are far beyond the housing bubble crisis that started in 2006. But while industries like the hospitality industry have taken a massive hit, some MSOs are […]
Looks like legalizing cannabis isn’t just a boom to the tax coffers. It turns out that cannabis tourism is a boom in the hospitality industry, boosting hotel bookings in legal states, at least according to a study published in the Journal of Regional Policy and Analysis. The study, “(Pot)Heads in Beds: The Effect of Marijuana […]
The cannabis industry already had a rough go of it, and the whole COVID-19 pandemic didn’t help matters. Cannabis businesses already have a plethora of federal, state and local roadblocks, even before the shelter-in-place orders took effect. Left out of SBA relief due to the pandemic, every option to gain some financial footing is valuable. […]
This is what the cannabis industry has been clamoring for. Too bad it took a pandemic to move things in the right direction. On May 12, a provision that would allow banks to serve state-legal marijuana businesses (without a spanking by the feds) is now part of a whopping $3 trillion COVID-19 stimulus bill. The […]
