The third annual Insuring Cannabis Summit took place entirely online this year and focused on the insurance risks and opportunities in the cannabis marketplace. The event, hosted by Insurance Journal, included presentations from 27 marijuana industry experts discussing topics like risk management, the future of the cannabis industry, marijuana laws and regulations, and the business […]
Businesses across the US are finding it increasingly hard to find the right employees amid an employment crisis that’s seen millions of Americans quit their jobs this year in what’s been dubbed “The Great Resignation.” Many businesses are now waking up to the fact that having the right employees and treating them well is a […]
While marijuana legalization continues to spread across the US, cannabis stocks are currently trading at some of their lowest market values this year. This downward trend can be attributed in part to more widespread inflation concerns but uncertainty surrounding attempts on Capitol Hill to federally legalize cannabis are also likely playing a role. The Senate […]
While cannabis aficionados may be familiar with terms like indica, sativa or hybrids of the two, edibles manufacturers are increasingly marketing their products based on the effect it promotes. For instance, by using words like “uplift,” “relax” or “sleep” in big type font, while making the specific strain of the cannabis plant less prominent on […]
Lean management, otherwise known as lean thinking, is a Japanese-born concept that refers to making continual, incremental improvements to the practices of any business. More and more marijuana entrepreneurs are discovering, however, that it is an especially useful tool to apply to their own companies. The concept arose in the ruins of post-World War II […]
A North Carolinian GOP lawmaker who has been staunchly opposed to marijuana legalization throughout her career is likely the largest cannabis stock holder in the US Congress. Since September 2020, Rep. Virginia Foxx made six investments in Altria Group Inc. which is the owner of Marlboro cigarettes and one of the world’s largest tobacco companies. […]
The United Food and Commercial Workers (UFCW) union now represents more than 10,000 cannabis workers across the US, having started organizing in the industry more than a decade ago in southern California. One such worker, Zachary Casciato, said unionizing helps to legitimize the marijuana industry in the face of ongoing hostility. “There’s a lot of […]
California lawmakers approved $100 million in grant funding to help legal cannabis businesses transition from provisional licenses to annual ones, in a move aimed at stemming the state’s thriving illicit marijuana market. More than 80 percent of California’s legal marijuana businesses currently operate with provisional licenses under a process described as “expensive, time-consuming and difficult” […]
As marijuana legalization continues to spread across the US, there’s no shortage of entrepreneurs out there looking to get a foothold in the lucrative cannabis industry. But for those without the necessary start-up capital, obtaining a bank loan to turn a vision into reality remains a big hurdle. That’s because while more and more states […]
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 […]
