Like marijuana legalization itself, AI is in its early stages, and advances in AI technology are being increasingly applied in the legal cannabis industry to help marijuana companies from seed to sale. Here are the main ways in which AI technology is being leveraged in the marijuana industry. 1. AI for optimizing cannabis cultivation Achieving […]
Starting a business is inherently risky but these are especially acute for cannabis cultivators. Uncertainties surrounding marijuana banking and the patchwork of ever-changing and onerous regulations means many cannabis operations start small with a view to scaling-up as and when conditions allow for it. It’d be a mistake to think scaling-up simply means hiring more […]
How do you measure the success of your marijuana business? Aggregate numbers like sales and expenses are, of course, important but they don’t necessarily give a full picture of a company’s performance, and where it’s likely headed. For a more nuanced understanding of a company’s health, analysts make use of key performance indicators (KPIs). By […]
The US Federal Reserve’s decision to hike interest rates to help combat inflation amid a shrinking US economy in the first quarter of 2022 has spurred fears of a recession. These fears have intensified in some quarters following the release of the latest estimates from the Federal Reserve Bank of Atlanta’s GDPNow model for the […]
As with many aspects of doing business as a cannabis enterprise, securing a lease agreement entails extra layers of complexity and considerations that traditional businesses typically don’t have to contend with. This includes the higher rents often demanded by landlords to compensate for the perceived risk of working with a cannabusiness, but there are other […]
As the marijuana industry in the US becomes ever more lucrative, more and more entrepreneurs are looking to get in on the action. Applications for cannabusiness licenses are increasing year on year, with the number of issued retail licenses jumping by nearly 30 percent in the past year. In this increasingly competitive environment, marijuana retailers […]
After a two year Covid-induced hiatus, B2B cannabis conference events are back and bigger than ever. Such events are a perfect opportunity for marijuana industry veterans and would-be cannabis entrepreneurs alike to stay ahead of the latest developments and meet like-minded individuals and brands that could well offer more than just a friendly conversation. Before […]
Anyone starting a marijuana cultivation business is instantly faced with perhaps the most important challenge to their operation’s chances of success – how to find and recruit the right master grower. While many people may have dabbled in growing cannabis, doing it at scale and to a high standard is no small task. Pick the […]
No business owner can manage their enterprise’s operations alone. That is, not if you want your business to succeed and grow. This is especially the case for businesses in the cannabis space. Complex and ever-changing rules and regulations impose time and resource constraints that are overwhelming and costly to handle alone. That’s why it’s imperative […]
As the cannabis industry in the US matures, there’s a growing need for accountants to service canna-businesses and further professionalize the sector. But given the complexities and risks faced by marijuana businesses due to the plant’s federally-illegal status, it is essential to hire an accounting firm with cannabis industry-specific expertise for three hugely significant reasons. […]
