Marijuana Business News

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stocks
business
Thu
08
Nov

Michigan: Marijuana attractions in the near future?

If you have a layover in Denver, 420 Airport Pickupwill take you to a marijuana dispensary, a place to get high and on a scenic tour before dropping you back off at Denver International Airport. 

Or there's the art studio where you can smoke pot while painting with acrylics; Kush and Canvases also offers a class on rolling sushi – and joints. On a Budz and Sudz tour, you can visit both craft breweries and a marijuana growing operation in Denver, riding a tour bus stocked with snacks. 

Thu
08
Nov

A look into the 1st year of the Wisconsin hemp program

Farmers in Wisconsin have high hopes for a new cash crop: Hemp. It looks and smells like marijuana but it will not get you high. FOX 11 Investigates examined the state’s new hemp pilot program earlier this year.

Robert Hornacek traveled to Mount Horeb to follow up on the program and what it could mean for the future. “The size of the plants has exceeded my expectations,” said John Eichorst of Mount Horeb Hemp.

From a distance, his half-acre hemp field almost looks like a field of Christmas trees. “It’s been a lot of work,” Eichorst said.

Thu
08
Nov

Ontario Cannabis Store reports major customer privacy breach

The names, shipping addresses, and order dates of more than 4,500 Ontario Cannabis Store (OCS) customers were exposed after an unauthorized individual accessed the database of the Canada Post postal service on November 1. The next day, the CEO of the Ontario Cannabis Retail Corporation sent a letter to the head of Canada Post demanding the government agency inform the affected customers. But word about the privacy breach only went out to customers on Wednesday, six days later. Now, Canadian officials are saying that the vulnerability that led to the November 1 data breach is a system-wide issue affecting Canada Post’s entire delivery tracking system.

Thu
08
Nov

9 totally normal business considerations that are completely different in the cannabis industry

Entrepreneurs are very, very interested in cannabis. But how do you break into a multi-billion dollar a year industry that differs from the rest?

I founded Green Rush Daily, a cannabis media company, and within two years sold it to High Times magazine for seven figures. Are you considering opportunities in the legal cannabis industry? If so, based on my experience here are nine things you should think about before entering the cannabis industry.

Wed
07
Nov

Will the cannabis industry save retail?

A new poll from Harris Research revealed consumers aren’t buying cannabis to get high, but rather to relieve pain (75 percent), relax (70 percent), sleep (60 percent) or manage anxiety (59 percent). That insight has profound implications on an industry increasingly faced with serving audiences searching for products for their health and wellness needs. The implications on retail–or the dispensary system in the cannabis industry–are poised to trigger a revolution in the consumer shopping experience within the industry and beyond.

Wed
07
Nov

Does Canada's cannabis industry have Mafia ties?

Canadian Prime Minister Justin Trudeau’s primary objective when he moved to legalize recreational marijuana nationwide was to bring down the criminal organizations linked to black market pot commerce.

Wed
07
Nov

Five ways cannabis companies can reach their target market

Navigating regulatory constraints, here are some smart digital strategies for cannabis companies to engage with the right person.

The “green rush” has seen an influx of cannabis brands, along with fringe products and services such as accessories, beverages and branded merchandise, all vying for a piece of the estimated $31 billion market. With mergers and acquisitions abundant (48 in Canada during the first half of 2018 alone), cannabis corporations are eager to gain market share through first-mover advantages.

Wed
07
Nov

3 hottest trends in cannabis start-ups

It’s not unusual for top fund managers to get 100-plus pitch decks in a month and to speak with dozens of aspiring entrepreneurs. VCs are on the front-lines of the cannabis start-up scene. For this reason, they have a keen eye for quickly spotting trends in the industry.

Here, then, are a few insights from some of the country’s most respected funds.

California is on fire

With the start of recreational sales in California last January, a flood of new cannabis companies has hit the Golden State. No surprise considering that the state is home to 40 million people and an economy that, if a country, would have the 5th highest GDP in the world (even bigger than the UK). California does everything in a BIG way.

Wed
07
Nov

Tilray CEO: People want the 'Berlin Wall of cannabis prohibition' in the US to topple over

The midterm election results are a win for the marijuana industry, according to the CEO of a prominent cannabis company.

Utah and Missouri approved the use of cannabis for medical purposes on Tuesday, according to projections. While Michigan gave the green light to the recreational use of marijuana, having allowed its use for medical purposes before. North Dakota rejected proposals to allow recreational use of marijuana on Tuesday but it's still allowed for medical purposes.

Wed
07
Nov

California: One year after cannabis legalization

It comes as no surprise that since January 1st of this year, California has seen a significant rise in cannabis sales. Within the state, the current $2.7 billion industry is predicted to nearly double by 2020.

Part of this has to do with the number of people trying to make a buck off the new market. Within the first six months alone, California saw an increase from 1,272 licenses to 6,421. Yet, the more important factor is the evolving perspective of cannabis happening across the country. Just two decades ago, only 31 percent of Americans felt the plant should be legalized. In 2018, that number doubled—making the support for recreational weed at an all-time high.

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