Marijuana Business News

Error message

The MailChimp PHP library is missing the required GuzzleHttp library. Please check the installation notes in README.txt.

Warning message

The subscription service is currently unavailable. Please try again later.
Synonyms: 
stocks
business
Tue
31
Mar

Florida Medical Marijuana Dispensaries Respond To Coronavirus With ‘Herb-Side Pickup’

While restaurants empty and bars close, patients depending on medical marijuana don't need to worry — dispensaries have remained open, albeit with new procedures to help contain the spread of the novel coronavirus.

Dispensaries are labeled an essential service under the same umbrella as health care and pharmacies, so business closures mandated made by local governments won't affect operations, said Vinit Patel, regional dispensary operations manager for Curaleaf, which has nearly 30 locations across Florida. 

Medical marijuana businesses are adapting new procedures to encourage social distancing. Some are closing lobbies and moving operations outdoors, or allowing “herb-side pickup,” such as RiSE Dispensary in Bonita Springs.

Tue
31
Mar

New Software Ensures Cannabis Advertising Complies With Regulations

Cannabis technology platform Fyllo announced on Monday that it is launching a new software tool that helps companies ensure that advertising and other creative content is compliant with applicable regulations. The new tool, known as Compass, allows brands in the cannabis industry to quickly verify compliance using Fyllo’s proprietary Compliance Recognition Technology.

Tue
31
Mar

Buyer beware! Product fraud is alive and well in the cannabis industry

It’s been pretty clear over the last year that not everyone has been in the cannabis business to build a thriving new cash crop industry. The stories of startups making claims about growth and sales, enticing investors, then bailing with millions in ill-gotten gains, have become part of the early history of this industry. Business fraud seems almost endemic right now.

Earlier issues of allegedly synthetic cannabinoid products being sold at truck stops, which were actually a green leafy substance sprayed with a chemical that caused agitation and hallucinations, were really the first instances of product fraud.

Tue
31
Mar

Cannabis Standards Rely on Transparency, Compliance and Collaboration

According to Vividata’s National Cannabis Consumer Study, 70% of consumers are not sure they know the difference between THC and CBD. Moreover, quality remains the top criterion in selecting a cannabis product for purchase.

Mon
30
Mar

Top Marijuana Stocks to Watch Right Before April

The coronavirus has caused quite a big stir in the world’s financial markets as well as the cannabis industry in particular. With marijuana stocks shooting down and then back up very quickly, it is clear that now is an extremely volatile time for any investment. With that in mind, we as investors have a few options. For starters, owe can use this lapse in time to begin refining our strategies. The cannabis market is undeniably shifting. Because of that, it may be time to shift our strategies more toward what the future of the industry will look like. The second option we have is reserved for the more advanced investors.

Mon
30
Mar

Why The Black Market Continues To Thrive — And What Is Being Done About It

Cannabis grown indoors is considered better quality and sells for 40% more than greenhouse cannabis, according to an agricultural economist.

While the black market is thriving in nearly every market where cannabis is sold — it was 60% of second quarter sales in Canada in 2019 — it appears to be particularly troublesome in California, where a lack of enforcement, a lack of oversight, and regulatory burdens on legal businesses has allowed it to grow.

Mon
30
Mar

Marijuana sales up 50% in New York City amid coronavirus pandemic, dealer says

The city has gone to pot. Marijuana, that is.

Since the coronavirus hit, sales of marijuana have gone through the roof in both the United States and Canada. Between March 16 and 22, sales of recreational cannabis rose by 50 percent across states including California, Colorado and Oregon, while medical marijuana sales jumped 41 percent from the same period a year ago.

Despite recreational pot still being illegal here, New Yorkers are helping fuel the trend.

Mon
30
Mar

Why CBD Oil is Bringing Cannabis Products Mainstream

Cannabis has been around for a long time. People often associate cannabis with the illegal marijuana drug. However, an increasing number of people are starting to learn that cannabis can produce some legal products which can make you feel better. There is no more need to take the legal risk of smoking or eating marijuana.  

Mon
30
Mar

Coronavirus and Cannabis: “Every Single Day has been Busier than 4/20”

Nothing in the brief history of legal marijuana has ever spurred sales quite like coronavirus preppers, and now a week after its record day, the industry looks back at a wild run of days and wonders what the future holds. 

Last Monday, it quickly became apparent that, as word of pending lockdown orders started to spread across California, consumers were rushing to dispensaries. Unsure of what would happen to the cannabis supply chain in that moment, they bought huge amounts of pot.

“Every single day has been busier than 4/20,” an employee at People’s OC dispensary in Santa Ana told L.A. Weekly.

Mon
30
Mar

Marijuana legalization could help states recover financially after COVID-19 pandemic

The economic toll of the coronavirus outbreak could lead to more U.S. states legalizing recreational marijuana, according to analysts at DataTrek Research.

Amid growing talk of a recession, or even a depression, countries battling the deadly virus have moved to pass stimulus measures in order to stabilize their economies as the global death toll from COVID-19 surpassed 25,000.

In New York, the epicenter of the outbreak in the U.S. with nearly 40,000 recorded cases, officials have already warned of severe budget issues due to the coronavirus.

At one of his daily COVID-19 briefings earlier this week, New York Governor Andrew Cuomo said that the estimated loss of revenue for his state stands between $10 to $15 billion.

Pages

Subscribe to RSS - Marijuana Business News