Marijuana Business News

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Mon
05
Apr

Why Does Social Media Still Ban Cannabis?

While it may seem tempting to blast sales promotions and your new products online, stop. You can get red flagged or even have your account deactivated.

Anyone who handles the marketing or social media side for a cannabis business can tell you that social media is a huge pain in the @$$.

Mon
05
Apr

Is The Cannabis Industry Racist?

It’s up to entrepreneurs, activists, and various public entities to create campaigns making their local cannabis industries less exclusive and much more inclusive.

The statistics on disproportionate arrests against Black people when it comes to marijuana-related crimes are nothing short of shocking. Systemic racism plagues the industry, and cannabis crimes are just one part of it.

Thu
01
Apr

California Gives $15 Million to Cannabis Social Equity Program Participants

California has granted $15 million to 10 cities and counties that are part of social equity programs. The Governor's Office of Business and Economic Development and the Bureau of Cannabis Control announced the grant funding through the Cannabis Equity Grants Program for Local Jurisdictions earlier this week.

Nicole Elliott, senior advisor on cannabis to Governor Gavin Newsom, disclosed that generations of Californians have experienced impacts of cannabis prohibition and criminalization. The grant funding is poised to help those within the legal cannabis market that were disproportionately harmed by the war on drugs, California Cannabis Portal writes.

Thu
01
Apr

Marijuana Shoppers Return to Pre-Pandemic Hours, Favoring Night to Day

As the COVID-19 pandemic disrupted work, school and life schedules, it also caused marijuana buyers to change when they shopped, shifting from the evening hours to the daytime. A year later that pattern is returning to normal, with more shoppers visiting cannabis retail outlets in the evening.

Retailers in general, including marijuana outlets, experienced shifting peak hours after the outbreak of the pandemic as consumers sought safer, more-convenient shopping experiences during the day versus the evening. Many consumers were able to shop at different times because of new working conditions, or they deliberately avoided popular times. Knowing and understanding that peak shopping hours are shifting back will allow cannabis retailers to better predict their scheduling needs.

Thu
01
Apr

Meet the new face of the cannabis industry: Your mom

Since the start of the pandemic, cannabis use has skyrocketed. Americans spent $18.3 billion on cannabis products last year – 71% over what they spent in 2019 – meaning we the people needed a lot of weed to cope with 2020. According to a recent survey, many of those people are parents.

Thu
01
Apr

Are These Top Marijuana Stocks On Your April Watchlist

Top Marijuana Stocks Watch For A Rebound Next Month

Marijuana stocks are working to see better trading in the market. Since mid-February, many of the top marijuana stocks in the market have dropped in trading. Now in that time, small spikes in trading have occurred but overall a decrease in momentum has happened. Some investors are taking this time to look for the best marijuana stocks to buy. Others are holding their current position as they wait to see better trading in the near future. The current strategy that is taking place is buying the dips.

Thu
01
Apr

Cuomo signs N.Y. pot bill, with sales due as soon as 2022

New York is set to become the nation’s second-largest legal marijuana market after Gov. Andrew Cuomo on Wednesday signed legislation allowing the licensing of dispensaries.

Cannabis storefronts will be allowed to open as soon as next year under the measure (S.854A/A.1248A), which the Legislature cleared on Tuesday.

New York is the 16th state to decide to let adults use cannabis, though marijuana stores probably won’t open in New Jersey until next year, and South Dakota’s law is under appeal. New Mexico’s legislature is on track to pass its bill this week. Under New York’s law adults age 21 and older would be allowed to purchase and consume cannabis.

Thu
01
Apr

USDA Passes Final Rules on Hemp Growing

Just when you thought you knew all the rules and laws that regulated legal hemp growing in the U.S. at the federal level, the United States Department of Agriculture (USDA) went and made changes to those rules. They didn’t do it to cause headaches, but rather because they listened to what the public had to say and what growers learned during the 2020 growing season.

The regulations that first came out after the 2018 Farm Bill passed into law was an interim final rule. The interim regulations were published on October 31, 2019 and laid out guidelines for hemp growers to legally register, test their plants to stay within the THC limitations and generally stay out of trouble with the law.

Wed
31
Mar

2 Marijuana Stocks To Watch At The End Of March

2 Marijuana Stocks To Watch At The End Of The Month

As the market still looks to recover investors are still looking for marijuana stocks to buy. In recent market action, marijuana stocks have been on a volatile pattern. Some of this is due to why the sectors have had trouble sustaining any upward push in trading. Yet even though some marijuana stocks are trading at lower levels does not mean all is lost. In the last year of trading, many marijuana stocks have been moving up in the market.

Wed
31
Mar

Women and Cannabis: What Nobody Is Talking About

Cannabis is undergoing a reputation makeover. Public perception has gradually shifted to viewing marijuana products as respected medicine and wellness products instead of illegal drugs. These changes in attitudes are likely due to a variety of factors, including new legal markets and increased access, available educational materials, numerous scientific studies, and overall more significant conversations of safety and use on various media platforms and forums.

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