Marijuana Business News

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Mon
16
Mar

Medical marijuana sellers navigate the training landscape

Gage Cannabis is selling medical marijuana like Verizon Wireless sells phones — if handheld electronics sales required HIPAA privacy compliance, that is.

Jessica Savaya, a former Verizon general manager, is retail and marketing director for the Troy-based cannabis company that's among the dozens of retailers in Michigan shaping the customer-facing side of the rising industry.

Mon
16
Mar

Marijuana And Liquor Sales Rise As Americans Self-Isolate From Coronavirus

Americans have included marijuana and liquor as an essential good to have during the coronavirus outbreak.

In the intersection of the COVID-19 outbreak and marijuana businesses across the U.S., two different stories have emerged.

At the top of the pecking order, major cannabis players aren’t looking so swell. Entire growth strategies have been scrapped, thanks to disruptions in supply chains and dropping stock market valuation. Raising capital was already difficult for marijuana businesses as of late, and investors could wait to make moves until the market stabilizes.

Mon
16
Mar

The Importance of Branding in the Cannabis And Hemp Industries

Although cannabis and hemp have been historically used for hundreds, if not thousands, of years, the legal and regulated industry is still in its infancy.

With many major markets throughout the world implementing some sort of cannabis and hemp regulation in their jurisdictions, an increasing number of investment capital is being funneled into marketing and advertising. Many sectors of the industry are over-saturated with products, such as flowers and CBD oil, so reaching the consumer and becoming a brand with staying power is becoming an increasingly competitive scene.

Mon
16
Mar

4 Ways Coronavirus Can Affect the Marijuana Industry

In case you missed it, the World Health Organization (WHO) made the announcement that most people were expecting this past Wednesday, March 11: Coronavirus disease 2019 (COVID-19) is officially a pandemic.

Mon
16
Mar

Idaho House Lawmakers Kill Hemp Legalization Bill

Lawmakers in an Idaho House of Representatives legislative committee voted against a bill that would have legalized hemp agriculture in the state. The 8 to 7 vote by the House State Affairs Committee killed the measure, SB 1345, that was passed by the Idaho Senate with a vote of 27 to 5 in February.

Had the bill succeeded, farmers in Idaho would have been able to grow hemp, which was legalized by the federal government with the passage of the 2018 Farm Bill. The measure also directed the Idaho Department of Agriculture to develop a plan for the permitting, testing, and transportation of the crop in the state.

Mon
16
Mar

South Africa Introduces Some of the Most Lax Laws on Cannabis Yet

After years of banning cannabis in all forms, South Africa is quickly jumping through hoops to become one of the more lenient countries when it comes to using cannabis, and a likely massive competitor in the world hemp growing market.

Fri
13
Mar

Can These Marijuana Stocks Beat The Coronavirus?

Marijuana stocks have definitely seen better days. But, due to the coronavirus market fluctuations have hit the market hard. With these recent events, it is hard to pick a strategy to trade with because uncertainty is very much in the air. But, as traders, we can look for value wherever it can be found. Much of the talk surrounding pot stocks right now is about looking for companies that are at bare bottom prices. These companies could provide a solid bounce in price once all of the coronavirus related fears have gone away.

Fri
13
Mar

Three Exciting Trends Transforming The Hemp Business

I frequently speak at conferences on the opportunities and challenges of the emerging US agricultural hemp industry. One of the hot topics is the emerging trends in both the producer and consumer markets that are driving a transition in American agriculture to meet new market demands of transparency, brand authenticity, regenerative practices, and social engagement. 

Here are some transformative things happening in hemp right now. 

Fri
13
Mar

Coronavirus Spikes Demand For Cannabis Delivery As People Stockpile Products

The coronavirus COVID-19 has many in the country on edge, working from home, and ordering lots of delivery weed.

This is to be expected. In times of economic downturn, sales increase for "vice" industries such as alcohol and tobacco. Marijuana use increased in the European economic recession of 2008. The United States hasn't seen a downturn quite like this one since cannabis has become legal in many states.

Thu
12
Mar

California's Cannabis Tax Revenues Top $1 Billion

The cannabis market in California has generated more than $1 billion in revenue for the state since January 2018, when adults were first able to legally buy pot there for recreational use. Prior to full legalization, the California Legislative Analyst's Office, which is tasked with advising the legislature on policy and fiscal issues, estimated that at its peak, the cannabis industry could generate $1 billion in tax revenues annually in the state. 

For comparison, Colorado hit a total of $1 billion in tax revenue from pot sales only last year, after legal cannabis had been available for more than five years. 

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