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 […]
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 […]
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 […]
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 […]
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 […]
