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. […]
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 […]
Vaporizers have been regulated inconsistently across the U.S. and it’s to the detriment of the cannabis industry, including when it comes to covering product liability. Over 2,600 cases of vaping-related illnesses have been reported to the Centers for Disease Control and Prevention (CDC), including nearly 60 deaths, raising questions about safety and leaving cannabis businesses […]
Quite a bit has happened over the past few weeks. The COVID-19 epidemic has changed the business climate of the U.S., if not the world. With orders for social distancing and isolation, non-essential businesses were required to close. For the company, that means no revenue. For the employees, that means no income. The cannabis industry […]
Let’s face it; when times get stressful, it’s always nice to light up a fat joint or take a few bong rips and let the woes of the day fade away. While it’s not all doom and gloom, the cannabis industry is feeling the pinch of the coronavirus, or COVID-19. From delays to supply chain […]
What does the future of hemp look like? The U.S. Department of Agriculture (USDA) released a report on February 5. The USDA attempts to answer just that, putting the finger on the pulse of the economic, legal and logistical challenges facing farmers during the transition to a legal era. The report is titled, “Economic Viability […]
It’s really a matter of safety. In California, one of the largest weed markets in the world, unlicensed cannabis businesses outnumber legal ones. And in Oregon, the glut of low-priced legal weed has incentivized illicit growers to export their products across state lines and into states where marijuana is still illegal. With the recent vaping […]
Green Relief, Inc., a Canadian licensed cannabis producer, has run into a bit of a problem. A private shareholder meeting in January revealed a company in financial distress. Two of the three company’s founders, Warren and Lyn Bravo, were accused of misappropriating around $14 million of investor funds for personal use over six years. The […]
