Lawmakers are scrambling to keep pace with the ever-changing landscape of the cannabis and hemp industries in Florida. As proponents of legalization lay the groundwork for a 2020 vote on adult use — more commonly known as recreational marijuana — officials are still trying to get a handle on the cannabis and hemp industries.... Read more
Think the cannabis industry is blowing up? You haven’t seen anything yet. Projected to shift from a $13 billion industry this year to as much as a $40 billion market in the coming year, we are now at the cusp of exponential growth that will change the business landscape for good. This article will discuss how cultural and regulatory changes — in concert with a blockchain-based digital payment solution — are about to make this the investment opportunity of a lifetime.... Read more
News of unregulated THC and e-cigarette vapes suspected to be causing illnesses and deaths are sweeping the nation, with a CDC report claiming that up to 530 possible cases of severe lung disease, and eight fatalities, may have been caused by vaping in at least 33 states. The majority of patients reported purchasing products from the black market..... Read more
It's been over five years since the legalized marijuana market launched in Colorado. This week, KUNC's Colorado Edition produced a series of reports on what we know about the marijuana industry in our state.
Ken Amundson, the managing editor of BizWest, joined us to discuss the current and future state of the industry.
Though medical recreational use of marijuana is now legal in 33 states, marijuana is still classified as a schedule 1 substance under federal law, putting it in the same category as heroin, LSD and ecstasy.
Most financial institutions, such as banks, Visa and Mastercard, will not work with the cannabis industry, fearing federal prosecution.... Read more
We were speaking this week with the Chief Strategy Officer at a cannabis operator to learn more about the company’s plans and were quite intrigued to hear about its approach. In essence, the company wants to focus specifically on agriculture, serving as a white-label product provider to brands.... Read more
In an industry where change is a constant, cannabis companies face big challenges when it comes to brand-building, communications, and bringing products to market. The sector’s complexity is only increasing, which is compounded by its continual evolution, along with tight, varied, fluctuating regulations, and in some cases, less-than-informed consumers..... Read more
Last year, Canada legalized cannabis for recreational adult use. Since then, the Canadian market has grown rapidly to become a prominent global market driver. Initially, Canada faced heavy legal barriers, which hindered the growth of the market, as the federal government imposed restrictions in order to keep the market regulated...... Read more
If you are over 21 years old and are interested in starting a marijuana dispensary or other type of CBD business, you need to be aware of regulation and compliance issues, and you need a solid business plan to avoid the common pitfalls of new businesses. This is especially true in Oregon, where the early legalization of marijuana — 1998 for medical use and 2014 for recreational use — means you face the competition of veteran cannabis companies. Staying ahead of trends and compliance issues can give your new business a helpful edge...... Read more
California's legal cannabis market will grow 23% to $3.1 billion in 2019, according to a new report by Arcview Market Research and BDS Analytics. And by 2024, the state's legal weed industry could exceed $7 billion in annual sales.
Strict testing regulations and local bans on commercial sales of cannabis weighed on California's recreational marijuana sales in 2018. An industry shakeout occurred, and many smaller cannabis companies folded. But the remaining players are now better situated to profit from the long-term growth of California's legal pot market.
After briefly faltering a year ago, California’s massive cannabis industry seems to be regaining steam.
Cannabis sales in the Golden State are expected to reach nearly $3.1 billion this year, a report released today shows.
The report, California: Lessons from the World’s Largest Cannabis Market, looks at what can be learned from the launch of adult-use sales less than two years ago in the world’s largest cannabis market...... Read more
The cannabis industry has emerged as one of the fastest-growing global industries due to its widespread adoption. While cannabis is still monitored under international regulations, many countries have either legalized or decriminalized the plant, which has heavily accelerated the industry's growth. Moreover, industry experts also believe that increasing advancements in genetic development, as well as the intellectual property of cannabis, is further driving the market..... Read more