Marijuana Business News

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business
Wed
18
Nov

Arizona may see a marijuana shortage after legalization

But, distributors could be faced with an even bigger issue.

There's no definite timeline for when medical dispensaries will be able to make the transition, but when they do, they may not be able to meet the high demand for cannabis.

Spencer Andrews is a public affair director for March and Ash, a dispensary in Imperial County. He addresses an important matter that happened when California made the switch.

"What we saw in California was a shortage in the supply chain. I mean, you're just working with many aspects of the supply chain: manufacturing, cultivation, testing, distribution," Andrews explained. "All of these ancillary services have to get up and running and be able to meet the demand."

All of these steps take time.

Tue
17
Nov

5 Digital Advertising Tactics for Cannabis Dispensaries

As consumers increasingly shift to online ordering, click-and-collect, curbside pickup, and delivery, dispensaries must begin leveraging digital advertising options to drive online orders, keep their brands top-of-mind, and increase total sales revenue.

Tue
17
Nov

What You Need To Know About Investing In Marijuana With A Biden-Harris Win

Industry insiders believe Democrat-held Congress would likely take up the SAFE Banking and MORE Acts, generating long-term market effects.

Despite ongoing attempts by the Trump Administration to delay the transition, President-elect Joe Biden and Vice President-elect Kamala Harris are expected to take power on January 20, 2021, creating an impact on the cannabis stock market that could be substantial. 

Tue
17
Nov

How Can I Really Tell How Much Power My Grow Op Uses?

Commercial grow under Spectrum King LED’s SK602; Photo courtesy of Spectrum King LED

One of the things that most people underestimate is how much power it takes to grow a crop from start to finish. Let’s just break this down into bite sized chunks of lighting, nutrients (whether hand-fed, through emitters, or any other way), air flow, and heating and cooling.

Tue
17
Nov

Hemp Application Deadline Nearing in Alabama

The Alabama Department of Agriculture and Industries (ADAI) wants to remind eligible hemp growers and processors/handlers the deadline to apply for a hemp license for the 2021 crop is November 30, 2020 by 5:00 pm (CST). ADAI will accept hemp applications using their new online application system: agi.alabama.gov/hempapp.

Tue
17
Nov

Montana Gets Ready to License the Recreational Cannabis Industry

Montana made recreational cannabis legal this past election, and now, they’ve begun the process of licensing, already looking ahead to the future of the recreational industry. 

Tue
17
Nov

What a legalized marijuana market could look like for Va.

If Virginia legalizes marijuana, sales could generate up to $300 million in annual state tax revenue and create 11,000 jobs, according to a Joint Legislative Audit & Review Commission (JLARC) report issued Monday. But legalizing the drug would not be without hurdles.

Tue
17
Nov

Nevada marijuana workers can’t get permits amid backlog

Laura Simes started getting nervous in July when her new agent card allowing her to legally work in the cannabis industry hadn’t arrived in the mail. It’d been a month since her card expired.

She’d sent in the fees and all the needed information to the Cannabis Compliance Board, a relatively new state regulatory agency that oversees the recreational marijuana industry. Now it’s November and she still doesn’t have her card.

“I think my boss is having the same issue, and he has other friends in the industry that are having the same problem,” Simes told the Reno Gazette Journal.

Mon
16
Nov

2 Top Cannabis Stocks to Watch in November

On Election Day, majorities of voters in New Jersey, Arizona, South Dakota, and Montana cast their ballots to legalize recreational marijuana. That brings the number of states in which adult-use cannabis is legal to 15 states plus Washington, D.C. Another 20 states have legalized the use of marijuana for medical purposes. Next year, Florida, New York, and Ohio are likely to pass their own legalization proposals, at which point close to one in two American adults would live in a state where they'd have legal access to cannabis.

Mon
16
Nov

New Player in the Spanish Medical Cannabis Landscape

Spain was one of the first European countries to decriminalise the personal use and cultivation of cannabis for self-consumption. However, while cannabis is used by individuals and the regulation of cannabis consumption in Spain is fairly liberal, Spanish patients can’t access medical cannabis legally.

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