Environmental and social responsibility shouldn’t be an afterthought for marijuana businesses, but rather a core part of their operations if they want to ensure long-term profitability. At least, that’s the take of Marc Ross and Kim Napoli, two attorneys with Vicente Sederberg’s new environmental, social and corporate governance (ESG) focused law firm, which is based […]
A recent first-of-its-kind study harbors both good and bad news for start-up entrepreneurs who use marijuana – while it may help inspire bold and innovative business ideas, those ideas are often not very realistic in practice. The study, courtesy of researchers at Washington State University, assessed the business ideas generated by both users and nonusers […]
Tilray and Aphria’s merger arguably created the world’s largest cannabis company. The two Canadian marijuana giants joined forces in May – operating under Tilray’s name – and now have an empire that extends around the globe. Tilray is licensed to cultivate, sell and import-export marijuana and CBD products in more than twenty countries, including some […]
Apple has removed its ban on hosting cannabis delivery services on its App store, albeit with some restrictions remaining in place. As of last month, marijuana delivery apps are available on the App store in jurisdictions that have legalized the plant, so long as the app is submitted by an organization holding a cannabis business […]
Amazon pledged to no longer test most of its prospective employees in the US for cannabis use and has lent its support to a comprehensive federal bill that would decriminalize cannabis. “In the past, like many employers, we’ve disqualified people from working at Amazon if they tested positive for marijuana use. However, given where state […]
Canada’s Tilray and Aphria finalized a merger that will create the world’s largest marijuana company in terms of revenue. Under the agreement, Aphria, the larger of the two companies, will pay a 23 percent premium to Tilray’s $7.87 closing price of December 15 and its shareholders will now own 62 percent of Tilray’s stock. The […]
Marijuana sales tax revenues in Illinois were higher than for alcohol in the last quarter for the first time since legal sales began in the state on January 1, 2020. Figures from the state Department of Revenue indicate Illinois took in around $86,537,000 from recreational cannabis taxes, whereas liquor sales generated approximately $72,281,000 in tax […]
Like it or not, the cannabis industry is growing, and jobs available in the industry are increasing, too. In some areas, year over year, job growth has been up by as much as 30%. One recruiting firm that focuses on the cannabis industry estimates that 250,000 full-time cannabis-related jobs are available in the United States. […]
Florida is on the cusp of adult recreational use marijuana legalization. Cusp doesn’t begin to describe the sheer potential a recreational marketplace has in the Sunshine State. The state currently has a framework to support the current number of 22 Medical Marijuana Treatment Centers (MMTC), expanding their own operations via vertically integrated licensing. The state’s […]
New Jersey is jumping aboard the cannabis train. Voters in the state recently legalized adult-use; anticipated annual sales are expected to top a billion dollars by 2024. Whether or not this development will push other neighboring states, like Maryland and Virginia, to legalize recreational cannabis remains to be determined. Still, marijuana advocacy groups like the […]
