Finding a brand and a voice is difficult and time-consuming for most new businesses, but for an industry emerging from the shadows, it can be even more tedious. Throw in a bunch of regulatory stipulations, ever-changing industry norms and a bunch of so-called “experts” into the mix, and the advertising side of the cannabis equation […]
Investing takes time, patience and enough money to ride out ebbs and flows. The marijuana industry is expected to perform well and thrive, but that’s the long game. In order for cannabis stocks to thrive, long-term, it’s going to take a robust influx of cash in order to counteract aggressive spending and losses. Multiple forecasts […]
In a move intended to undercut California’s huge illegal cannabis industry, Weedmaps is the latest online cannabis dispensary directory to remove information on unlicensed shops from its website. According to a CTV News report, on August 21 Weedmaps announced that it will not allow illicit businesses to advertise on its platform. Weedmaps, a popular website […]
Business is booming in the cannabis industry, and there is a potential to make a hefty profit as the industry continues to grow. Over half of the United States has legalized cannabis medically or recreationally, but the process can seem daunting at times, with laws and regulations at the state and local levels adding to […]
Stereotypes might lead one to believe that the world of cannabis is all about testosterone and men. Priscilla Vilchis turns that assumption on its head, as she has quickly become a major player in the cannabis industry. Vilchis is the owner and CEO of Premium Produce, a recreational and medical cultivation and processing company. Premium […]
The new quarterly edition of the Marijuana Business Factbook, just released in August, is here — and offers some interesting insight and analysis on the growth of state markets. And surprisingly, according to data analysis, Oklahoma and Florida are leading the way in medical market growth. While recreational marijuana is legal in 11 states plus […]
The first half of 2019 was a busy one for California’s illegal cannabis industry. In a state that has struggled with the enforcement of the illicit side of cannabis, the state Bureau of Cannabis Control served 19 search warrants on unlicensed sellers of marijuana. Through their efforts, the bureau confiscated over $200,000 in cash from […]
In Washington State’s legal cannabis market, software glitches due to a botched software update with the massive database Leaf Data Systems in July cost businesses hundreds of thousands of dollars in lost revenue. The issues prevented businesses from transporting their products and meant some businesses had to furlough workers. The vendor, MJ Freeway, the maker […]
Growth equals green in more ways than one. The cannabis industry wants a seat at the table with lawmakers. The burgeoning industry is working to ensure continued growth, and it’s putting money where it counts, with a forecast for spending $3.2 million on lobbyists in Washington. This slightly eclipses the $2.7 million it spent lobbying […]
Florida has watched from the sidelines for years as other states such as Colorado, Oregon, and California legalized recreational marijuana. Numerous groups are clamoring for legalization recreationally, and simultaneously, the Florida laws that created a vertically integrated business model for distributing medical marijuana were rejected by Florida’s 1st District Court of Appeal. With Florida in […]
