Marijuana Business News

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Wed
17
Feb

Top 25 Most Innovative Cannabis Products of 2021

marijuana bong on a table

Each year, our editors pour through products to find the most innovative, interesting, and helpful tech hitting the shelves. For our year-end 2020 issue of Cannabis & Tech Today, the competition was fierce. We whittled down the list to just 25 items for both the industry pro and the cannasseur. Take a look and share your favorites with us on social media @cannatechtoday.

HempLab Inc. CompleTest. Photo courtesy of HempLab Inc.

Tue
16
Feb

Marijuana Stock Bubble 2.0 Is Here

field in background of a row of cannabis buds

You'd struggle to find an industry that's generated more robust returns than cannabis in recent months. The ETFMG Alternative Harvest ETF, a basket fund that contains an assortment of direct and ancillary marijuana stocks, is up 212% since the end of October (through Feb. 10).

Tue
16
Feb

Small NY hemp growers feel the pinch of regulations, fees

hemp field

Jeanette Miller says she’s one of hundreds of farmers who were encouraged to devote acreage to an up-and-coming crop that held promise, but is now watching it all slip away.

Miller, who operates Eclectic Farmstead in Newfane in western New York, said farmers spent upward of $50,000 to cover costs associated with growing hemp and were waiting for the research phase to end so they could sell their products, which include drinks, soaps and lotions.

“We were supposed to be released from being research partners and be able to sell our products,” said Miller, who also serves as vice president of the Niagara County Farm Bureau. “But instead of that happening, (New York state) came out with the Hemp Extract Regulation.”

Tue
16
Feb

How to Understand CBD Lingo

person holding out jar of "cbd blend" amongst other paraphernalia

It wasn’t too long ago that if you asked somebody what CBD was, they would look at you with a puzzled expression on their face. Today, CBD is on everyone’s lips, dominating the conversation on medical cannabis and its therapeutic effects and being touted as a health supplement at nutrition stores. It can also be purchased online and found in department stores, drug stores, grocery stores, gas stations and, of course, dispensaries.

With CBD’s popularity comes a learning curve for the discerning consumer. In order to find the best product for their needs, consumers need to know the terminology around CBD products.

Tue
16
Feb

Brewing Buds: Big Beer corporations enter the cannabis industry

lots of glasses filled with beer

The rising tide of legal cannabis commerce is finally attracting the attention of so-called “Big Beer” corporations, and with good reason. Over the past seven years, home and craft brewers carved a niche for themselves by partnering with hemp farms and wholesale retailers with cannabis terpenes for sale to make infused beers — a novel and unique new line of products in a once oversaturated beer market.

Since 2017, Big Beer has slowly begun to test the waters of the infused beer space with the rollout of a number of tentative, experimental products.

Tue
16
Feb

State, local marijuana industry breaks records in 2020, doubling 2019 revenue

cannabis buds in a pile

In 2020, Norman’s medical marijuana industry quickly proved to be an emerging market.

The marijuana industry locally and statewide more than doubled its revenue compared to 2019, as the state’s new industry grew to one of the biggest marijuana markets in the country. While some attribute the industry’s success to the COVID-19 pandemic, others suggest medical marijuana would’ve seen continual growth in 2020 regardless.

Below is a summary of the industry’s growth in 2020 in Norman and statewide, its impact on local residents and what experts expect for medical marijuana in 2021.

Tue
16
Feb

What Cannabis Retailers Can Expect in 2021

jars of cannabis on a counter

From a global pandemic that disrupted nearly every market to a historic presidential election year, 2020 was unprecedented for the cannabis industry in almost every way. The year brought on new and market-altering challenges when it came to supply chain and statewide lockdowns. It also presented several opportunities to the industry after state governments deemed cannabis an essential business.

Tue
16
Feb

Michigan’s marijuana industry surpasses Oregon in cannabis jobs, report says

worker tending to marijuana plants

More than 18,000 workers are employed in Michigan’s marijuana industry, nearly double the number of cannabis jobs in the state a year ago, according to a new cannabis industry jobs report.

“There are now more cannabis workers than cops in Michigan,” said the fifth annual Leafly jobs report, released Tuesday. “In a state known for its auto industry, the number of cannabis workers is now roughly equal to the number of auto repair mechanics.”

Leafly, a Seattle-based marijuana media organization, uses available revenue and labor figures from licensing records to compile the annual report.

Tue
16
Feb

Cannabis Concentrates: How To Choose The Right Gear

a blank white background with cannabis buds and concentrates

The best thing to do is to start with the basics. Gradually, you can move to more complex gear if you want to take your experience to the next level.

Concentrates are perhaps the trickiest form of cannabis you may come across. They are highly potent, and the consumption techniques are also complicated, whether you choose to smoke, vape, or dab. Still, using the right gear can make things a lot simpler for beginners, and you get better with practice and experience. The choice of equipment depends on several factors, which you need to consider when making your decision. Here are some helpful tips that you can follow while choosing the right gear for using concentrates.

Fri
12
Feb

Dispensary Construction: How Much Does It Cost?

empty construction site

As a dispensary builder, one of the most common questions we’re asked is: How much does it cost to build a cannabis dispensary? We usually answer that question with about 20 questions of our own, because no two cannabis retail stores are the same.

Even when we build dispensaries for national companies that specify the same design and finishes, we face unique circumstances in each state that affect overall project costs. Ultimately, that cost can range anywhere from $350,000 to $3.5 million.

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