Marijuana Business News

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Wed
24
Feb

4 Ways Weed Shops Can Keep Their Customers Coming Back

people at a cannabis dispensary

Maine officially rolled out adult-use cannabis sales last October. Arizona, New Jersey, South Dakota, Montana, and Mississippi are all on track to open up shop soon, creating a greater likelihood that we'll see more cannabis dispensaries across the U.S. sooner rather than later. 

According to Zendesk's Customer Experience Trends Report 2020, "nearly three out of four customers (74 percent) feel loyal to a specific brand or company, and more than half (52 percent) will go out of their way to buy from their favorite brands or businesses."

Wed
24
Feb

North Dakota House votes to legalize recreational marijuana

large road sign reading legal marijuana

North Dakota Representatives gave the green light to recreational marijuana.

The House voted Tuesday morning to legalize marijuana for recreational use for adults 21 years or older.

This bill would also allow people to be able to grow or possess marijuana.

“There’s a lot of things I don’t agree with, but if it’s good policy and I think it’s going to be for the betterment of the State of North Dakota, I vote for it. And so I ask for a green vote,” said Rep. Jason Dockter, from Bismarck.

“Let’s vote green,” said Rep. Pat Heinert, from Bismarck.

“Ladies and gentleman, I have a rude awakening for all of us. If it’s not good for teens, what makes it good and safe for adults?” said Rep. Bill Tveit.

The bill ultimately passed 56 to 38.

Wed
24
Feb

Marijuana, hemp businesses move one step closer to banking in South Dakota

sign that reads bank surrounded by some money and marijuana leaves

Marijuana and hemp-related businesses are one step closer to gaining access to South Dakota banks.

House Bill 1203 proactively lays groundwork for banks and their subsidiaries to work with any person that acquires an industrial hemp or marijuana license, pending legalization of the substances at the state level. The legislation passed in the state House of Representatives on Monday afternoon with a vote of 64 in favor, four opposed and two excused.

Without a bill of this kind, those involved in cannabis industries would only be able to carry out business transactions in cash, as marijuana is considered an illegal business at the federal level.

Wed
24
Feb

Florida’s marijuana industry nearly doubled jobs, approached $1.23 billion in sales in 2020

glass front of store painted with marijuana leaves

The medical marijuana market in Florida created nearly 15,000 new jobs in 2020 and employs an estimated 31,444 state residents, according to a new analysis.

Florida recorded nearly $1.23 billion in marijuana sales in 2020, according to the report posted by Leafly and Whitney Economics. Florida’s sales were more than every state except California and Colorado, where marijuana is legal for adults.

Wed
24
Feb

Two Missouri medical marijuana applicants win licenses after lengthy legal fight

marijuana plant in a pot

Missouri’s Administrative Hearing Commission has awarded two applicants licenses to start growing medical marijuana, more than a year after state officials initially rejected their requests.

The commission on Tuesday awarded Heya Kirksville and Heya Excello cultivation licenses, according to orders issued by Commissioner Sreenivasa Rao Dandamudi.

The judgment is a blow to the state, which limited the number of available marijuana business licenses and denied hundreds of medical marijuana business applications, only to be met with a wave of challenges at the Administrative Hearing Commission.

Tue
23
Feb

Budding job market: Arizona among top states for marijuana employment, study says

woman organizing cannabis jars on a shelf

With nearly 21,000 people working in marijuana dispensaries or affiliated businesses, Arizona ranks No. 4 nationally for jobs in the cannabis industry, according to a report released Tuesday by Leafly.

The report was based on employment in 2020, before Arizona launched adult-use marijuana sales in January, so those figures are sure to rise as dispensaries around the state ramp up to meet the new demand from sales to any adult over age 21, not just medical-marijuana patients.

Arizona had more than $1 billion in medical-marijuana sales last year, with about 5,600 new jobs created just last year, according to estimates in the report.

Tue
23
Feb

Cannabis Moms Talk Stigma, Politics, And Working In A Male-Dominated Industry

two hands holding out cannabis bud against an orange table

Over the last 11 months, the cannabis industry has begun marketing directly towards a new demographic: moms. Plagued with the stress of parenting during a pandemic, working from home, and a shared sense of community upheaval, many mothers have turned to cannabis for the first time — or so the story goes. 

Tue
23
Feb

New Jersey Lawmakers Pass Legalization, Sales Expected This Summer

new jersey sign

On Monday, New Jersey’s Democratic Governor Phil Murphy signed legislation that legalizes adult-use marijuana possession and licenses retail marijuana sales.

Tue
23
Feb

How to Successfully Expand Into Other Categories

co-founders of beam

As co-founders of beam, a three-year-old direct-to-consumer CBD wellness brand, we’ve learned that our initial hunch was right: There were plenty of highly active people like us, looking for high-quality remedies that would help us perform our best. People want a clean, all-natural product that works. So when our customers asked us to make a hydration product that can be used every day, we took a familiar approach: sweat the details, listen to feedback and stay true to the mission. 

Here’s what we’ve learned in the process of launching elevate, our first-ever functional hydration line.

Tue
23
Feb

Edinburgh cannabis cafe opens with hemp baked goods to be served this week

stack of cookies with cannabis next to

Vitality and Kynd in 14 Leven Street, owned by businessman Jas Nottay, is currently serving hemp coffees and other hot drinks infused with legal cannabis products from a hatch after it opened earlier this month.

The all-vegan coffee shop will be serving baked goods, including muffins, cookies and brownies, made using hemp and CBD oil as of this week.

Manager Kat Seale said the response so far to the new cafe had been “overwhelmingly positive”.

Vitality & Kynd has opened in 14 Leven Street, Edinburgh picture: supplied

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