Cannabis is not a stand-alone industry. Aside from the manufacturing support needed to grow and sell cannabis in its purest form, partnerships are also essential for expanding the market and reaching buyers who are hesitant or not interested in consuming in the traditional ways. The year 2018 ended with cannabis-centric businesses beginning to test the waters of partnerships. These range, for example,…
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When you think of the terms “leader” or “leadership” you may immediately think of the CEO, President of a company, or a superior of some sort. We always hope people carrying these titles can also live up to the term “leader”, but that’s certainly not always the case. In fact, many people who are not in leadership positions have the traits…
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Advancements in indoor cannabis cultivation occur seemingly every day, especially as new markets open and the range of need increases. For example, the recent winner of the 2019 Cannabis Startup Competition was Trella Technologies, LLC for developing an indoor farming technology that aims to train plants to grow horizontally. Or consider the highly demanded Seedo, which is an app-controlled, automated home grow device…
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Many entrepreneurs are excited to profit from the budding multi-billion-dollar cannabis industry. One way entrepreneurs can avoid the most common struggles in new cannabis businesses is to ask those who have gone ahead of them. These cannabis insiders not only know the challenges, but they have also overcome them. Save time, money, and energy in your own new business by…
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It’s a fact: Cannabis is one of the hottest industries out there and it’s only getting hotter. Sales of legal cannabis in the U.S. amounted to $10 billion dollars in 2018. That’s billion, with a “B”. And, according to Grand View Research, the global legal marijuana market is expected to reach over $66 billion by the year 2025. With recreational…
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It’s no secret that the legal cannabis and CBD market is booming in 2019. As the plant gains more attention for its healing properties, and the industry pushes for Federal legalization it’s no surprise to learn that there are some powerful women in cannabis behind the scenes ensuring that we have access to safe, beneficial products. Advocacy, research, and marketing…
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When starting and evolving a cannabis business creating and continuously revising a business plan is a proven key to success. At the basic level, your business plan should include your business goals, methods of attaining those goals, and a timeframe to achieve them. In reality, business plans are typically much more detailed and include financial plans as well. A cannabis…
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Cannabis users and businesses are on the rise, so one would expect the markets to become quickly saturated with ads, promos and deals, right? Wrong. Government regulations have a stronghold on what is and is not acceptable for cannabis businesses to reach out to their potential clientele. It can be difficult to navigate the advertising market without the fear of being…
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Producing a successful indoor cannabis harvest requires knowledge, patience, and resources. Although tips may vary depending on strains and geography, below are eleven universal steps to aid in the process. Step 1: Plan ahead. Consider the site and create an optimal layout that accommodates worker flow and cleanliness protocols, as well as how plants, products and supplies are moved through the…
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