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 […]
What does the future of hemp look like? The U.S. Department of Agriculture (USDA) released a report on February 5. The USDA attempts to answer just that, putting the finger on the pulse of the economic, legal and logistical challenges facing farmers during the transition to a legal era. The report is titled, “Economic Viability […]
Nothing signifies a proper industry like business-to-business (B2B) marketing. And for the cannabis industry, there are tons of businesses clamoring to get attention and clientele. Competition is fierce, but this may be the normalization signifier cannabis needs. Not to mention that a Pew Research Center poll in November 2019 indicated that a solid two-thirds of […]
Green Relief, Inc., a Canadian licensed cannabis producer, has run into a bit of a problem. A private shareholder meeting in January revealed a company in financial distress. Two of the three company’s founders, Warren and Lyn Bravo, were accused of misappropriating around $14 million of investor funds for personal use over six years. The […]
The weed is so close you can almost taste it. Vermont is getting closer to legalizing the sale of marijuana — in the last week of February, the state’s Appropriations Committee pushed forward legislation 6-5. The tally clears the way for floor action, and the bill has bounced back to the Senate for reconciliation. Vermont […]
If you legalize it, not only will they come, the money will flow like honey. Recently released data from the Illinois Department of Revenue and New Frontier Data shows that out of $39.2 million in adult-use recreational marijuana sales in January 2020, more than $10 million in tax dollars were generated. The state’s first month […]
The hemp tides have turned, at least for exports. Over the next two years, China has agreed to import hemp from the U.S. as part of an international trade agreement. In the past, the country was one of the main channels of hemp imports for the U.S. According to Hemp Industry Daily, in 2018 the […]
In the era of legal marijuana, compliance is critical, and Maine regulators are reminding folks how to advertise within state laws. Maine’s Office of Marijuana Policy (OMP) issued guidance reminders after cannabis-related ads at Lewiston’s Androscoggin Bank Colisée resulted in an investigation. Parents complained about marijuana ads at the ice rink last November. Some of […]
Call it higher education (pun intended). Colorado State University’s (CSU) Pueblo campus has received the okay from the state to start a cannabis chemistry bachelor’s degree program. These educational opportunities follow the development of other cannabis-related educational programs at other colleges and universities and reinforce the momentum generated by the expansion of the cannabis industry. […]
