It’s generally agreed upon that cannabis companies are dealt different hands depending on the states they operate in, especially during the COVID-19 pandemic. It shouldn’t be lost on anyone that weed is considered an essential staple during times of hardship — every state with a regulated marijuana program continued to allow sales to some degree […]
COVID-19 has been quite effective at shutting down a ton of businesses. The recent pandemic has also put the cannabis industry under the spotlight, as many marijuana-legal states have deemed the sector an essential service, allowing continued operation during a time where many businesses have mandated closures. These events have also highlighted service gaps – […]
The economy goes in cycles, and there’s always a mix of good and bad times. The recent COVID-19 pandemic has thrown a wrench in things – the economic effects are far beyond the housing bubble crisis that started in 2006. But while industries like the hospitality industry have taken a massive hit, some MSOs are […]
Looks like legalizing cannabis isn’t just a boom to the tax coffers. It turns out that cannabis tourism is a boom in the hospitality industry, boosting hotel bookings in legal states, at least according to a study published in the Journal of Regional Policy and Analysis. The study, “(Pot)Heads in Beds: The Effect of Marijuana […]
The cannabis industry already had a rough go of it, and the whole COVID-19 pandemic didn’t help matters. Cannabis businesses already have a plethora of federal, state and local roadblocks, even before the shelter-in-place orders took effect. Left out of SBA relief due to the pandemic, every option to gain some financial footing is valuable. […]
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. […]
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 […]
