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 […]
The cannabis industry has once again had to work to adapt to and overcome yet another challenge: surviving in the era of COVID-19 lockdown. In states where cannabis is legal, those businesses have been deemed “essential,” and these enterprises have been allowed to remain open for business — while still technically illegal federally. This makes […]
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 […]
The cannabis industry keeps getting pummeled. It’s not federally legal, so banks don’t want to offer business banking services. It’s a new industry, so lawmakers in states where it is legal have generally overregulated it. On the flip side, it’s taxed to high heaven, and the feds have been the recipients of those tax dollars. […]
Lawmakers in several states are pushing forward with something that was proposed and failed in Colorado — limiting the amount of THC in cannabis. Plenty of people – including marijuana industry officials, both for the medical and recreational side – are fighting back, arguing that THC limits are grounded on shaky science. Industry experts predict […]
It’s a curious question to ponder: was the 2019 cannabis industry slump caused by overspending? Perhaps. Was the overspending a direct result of meeting extensive regulatory requirements? Perhaps. Were the folks that followed the rules, invested vast quantities of money into a newly legal industry, and prayed that the goldrush continued (or at least until […]
High prices indeed. Recreational cannabis demand is outpacing supply, and that means wholesale prices are soaring. In states like Massachusetts and Illinois, where they’re still in the process of rolling out the industry, the market is booming, and folks are scrambling to build the infrastructure. Smokable flower is scarce and in high demand. Wholesale suppliers […]
Vaporizers have been regulated inconsistently across the U.S. and it’s to the detriment of the cannabis industry, including when it comes to covering product liability. Over 2,600 cases of vaping-related illnesses have been reported to the Centers for Disease Control and Prevention (CDC), including nearly 60 deaths, raising questions about safety and leaving cannabis businesses […]
Quite a bit has happened over the past few weeks. The COVID-19 epidemic has changed the business climate of the U.S., if not the world. With orders for social distancing and isolation, non-essential businesses were required to close. For the company, that means no revenue. For the employees, that means no income. The cannabis industry […]
Let’s face it; when times get stressful, it’s always nice to light up a fat joint or take a few bong rips and let the woes of the day fade away. While it’s not all doom and gloom, the cannabis industry is feeling the pinch of the coronavirus, or COVID-19. From delays to supply chain […]
