Marijuana Business News

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Fri
26
Nov

How To Improve Your Cannabis Business

woman on beach

Have you recently started your very own cannabis business but don’t really know what you’re doing or how to be successful? Do you want to know what you can be doing to improve your cannabis business to be as successful as possible?

Now is a great time to get into the cannabis industry. The legalization of marijuana in some states has brought their business out of the black market and into mainstream society, making it an excellent time for anyone with entrepreneurial spirits to start their own cannabis business.

Fri
26
Nov

Are Amazon and Apple paving the way to cannabis legalization?

amazon shop

Apple no longer prohibits marijuana delivery services from being hosted on its App Store, and Amazon now excludes marijuana from its pre-employment drug screening.

Will more companies start making similar changes and come on board, especially since Wall Street investors are paying more attention to U.S. and Canadian cannabis companies?

Granted, many of these developments, including investing criteria, come with restrictions and stipulations, but as some of the biggest tech companies push for transformation and change, others are sure to follow.

Thu
25
Nov

Who Needs a License? New York Weed Dispensaries Are Already Opening

marijuana

Who Needs a License? New York Weed Dispensaries Are Already Opening

The most hyped weed spot in upper Manhattan right now is a hitched trailer parked on the side of a busy intersection. Approach its dual windows during daylight hours and, under an LED banner, you’ll find two friendly brokers of THC tidings ready to dish out bags of pot or edibles for the correct amount of cash. A whiteboard behind them does not list prices, per se, but “Suggested Donations,” starting at $20. The packages offered in return are thank you “gifts.”

“We don’t sell anything,” says one register operator at Uncle Budd’s weed truck, speaking under a condition of anonymity. “Every donation is going back into the community.”

Thu
25
Nov

Women entrepreneurs to seek Woodstock license for recreational marijuana sales

group of women

A group of entrepreneurs and social justice advocates believes it is poised to become Woodstock’s first recreational marijuana dispensary once the state opens applications for licenses for such facilities.

“We want a dispensary that Woodstock could be proud of, and that’s a good neighbor and contributes to the town. We just decided in order to have that we’d have to do it ourselves,” said Eliza Kunkel, who along with Erin Cadigan and Lisa Montanus, hope to open Illuminated Leaf at 33 Rock City Road. Each partner of the all-woman-owned business has specific roles and for now, Kunkel will be in charge of social justice, equity, operations and compliance.

Wed
24
Nov

North American Family Offices Eye Up Cannabis and Crypto Investments

contract signing

Eighty-six percent of North American family offices report that their wealth increased over 2020 and 2021, well ahead of the global average of 79%, according to a recent study from Campden Research. These family offices’ assets under management grew by 58%, just three percentage points below the global average. 

They were also more likely then family offices elsewhere to say they were investing in cannabis or cryptocurrency, or would consider doing so.

Wed
24
Nov

Weekend Cannabis Sales To Surpass $250M

cash pile

Black Friday is expected to bring in another $88 million, up 71% from daily average sales. It will likely become another top 10 sales day for 2021.The Wednesday before Thanksgiving, sometimes called “Green Wednesday” due to the high cannabis sales figures usually registered on that date, could be the second-highest sales day of the year.

In fact, according to business intelligence from Akerna U.S. cannabis consumers will spend $251 million over the four days around Thanksgiving(11/24-11/27), a 60% increase over daily average sales.

Tue
23
Nov

Top Marijuana Stocks To Watch During The Holiday Season

watching stocks on a laptop

 

2 Marijuana Stocks To Watch Before December Begins.

Currently, many marijuana stocks are feeling the downside of the battle with federal cannabis reform. Yet this is not all bad news even with the bulk of the sector facing some pullback. Even though in the first 2 weeks of November the sector was showing more upward consistency. Nevertheless, with the sector back down there is another chance to find top marijuana stocks to buy. With bigger support from all parties of congress, federal reform is on its way. Meaning with each party of congress pushing its own bill. So with that in mind, it’s only a matter of time before cannabis prohibition is over.

Tue
23
Nov

Competitive California Cannabis Market Pushing Growers to Go High Tech

cannabis leaf with bottle

Wave Rider Standardizes on MegaDriveÂź LED system by California Lightworks

Pressure on cannabis prices is pushing California greenhouse cannabis cultivators to adopt cutting-edge supplemental lighting technology. This comes as cultivators must also grapple with the impending California Title 24 Energy Code requiring high-efficiency lighting for new indoor and greenhouse operations.

Sunny Salinas California's cannabis cultivator Wave Rider Nursery, which spans 231,000 sq. ft., just standardized on California Lightworks' MegaDriveŸ LED lighting system. The traditional greenhouse was transitioned to cultivate cannabis and has been in operation for over four years.

Tue
23
Nov

New laws in Brazil, Argentina could signal ‘radical shift’ in global markets

markets

Proposed laws on the cusp of passage in Brazil and Argentina could lead to “a radical change in the global dynamics of production of industrial hemp and medicinal cannabis,” according to Latin America’s leading hemp industry group.

Lorenzo Rolim da Silva, president of the Latin-American Industrial Hemp Association said if the new cannabis laws are enacted, they will let the two countries realize their full potential in international markets.

“Both designs are quite robust and modern, and would bring both countries in line with current regulations in the European Union and North America,” Rolim da Silva said.

Tue
23
Nov

Luna Pier’s first medical marijuana dispensary is now open

kush in container

Green Labs Provisions, a medical marijuana dispensary in Luna Pier, is open for business.

Owned and operated by Jason (JD) Davison, a 39-year-old veteran, along with Sean Lyden and Breen Lyden, the facility located at 10701 Madison St. specializes in medical cannabis, accessories and apparel.

Open seven days a week from 9 a.m. to 9 p.m., customers must be 18 or older and have valid identification and a medical marijuana card.

The business has 12 employees. Dave Azoni serves as chief operating officer and Stephen Georgiadis is chief plant officer. Budtenders assist customers with in-store purchases and orders can be placed online.

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