Posts Tagged ‘cannabis business’
Cannabis Stocks are Trendy – Are They Worth It?
Cannabis consumers and non-consumers alike are both heavy investors in cannabis stocks. Good bets are good bets, after all. Being monetarily part of a booming market does not mean, however, that investing in marijuana is a one-step situation. Rather, many benefits come from paying attention to all aspects of this ever-evolving industry. For example, Terrance…
Read MoreCannabis Packaging Regulations Across States
Cannabis packaging regulations are evolving. These rules are sometimes completely new, while others are amended to current trends. Of the states listed with some form of legalization — Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Guam, Hawaii, Illinois, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New…
Read MoreHow to Use Networking Events To Your Advantage
In today’s business world, it is imperative to attend networking events. That’s a given. But it takes more than just showing up to a cannabis networking event to experience benefits. To be a successful cannabis business owner, you have to know how to use them to your advantage. Understanding why these events are so important…
Read MoreThe State of Cannabis Legislation & Licensing: Washington, Oregon, California
The West Coast of the United States has long-established markets for cannabis. However, ebbs and flows in policy and practices are ever constant, even here. To stay on top of the latest laws governing cannabis business licensing in Washington, Oregon and California read on. We’re covering the latest 2023 updates on news and cannabis business…
Read MoreThe State of Cannabis Legislation & Licensing: Arizona, New Mexico, Colorado, Utah [2023]
Looking for updated information on cannabis business licensing in Arizona, New Mexico, Colorado, or Utah? This is the place to find it! Legalization was just the beginning — today, laws in these states and states across the nation continue to evolve. Cannabis Business Licensing in Arizona Those in possession of a business license, including the…
Read MoreThe State of Cannabis Legislation & Licensing: Arkansas, Louisiana, Oklahoma, Texas [2023]
Although the southern United States is not known for favoring recreational cannabis legalization, medical programs in the South have been gaining traction. With each year of consideration and action, state legalization and licensing evolve. Below is updated information about cannabis business licensing in Arkansas, Louisiana, Oklahoma and Texas. Cannabis Business Licensing in Arkansas On the…
Read MoreThe State of Cannabis Legislation & Licensing: New York, New Jersey, Rhode Island, Connecticut [2023]
States across the country continually update their cannabis legislation and cannabis business licensing. Let’s check in on the current state of cannabis business licensing in New York, New Jersey, Rhode Island and Connecticut and the latest news from within their borders. Cannabis Business Licensing in New York At the end of August 2023, a New…
Read MoreThe State of Cannabis Legislation & Licensing in Idaho, Montana, Nevada and Wyoming [2023]
Licensing and legislation for each state’s cannabis market are in constant motion. As laws, ordinances and business licenses evolve, it is imperative for those in the industry to maintain the most current knowledge in order to expand their commercial endeavors legally. Below are updated license opportunities and cannabis laws for the states of Idaho, Montana,…
Read MoreYour Cannabis Business Strategies for Success
The cannabis industry has felt the spotlight in recent years and the conversation around this plant during the COVID-19 pandemic has only intensified. The telling surge in sales along with cities like San Francisco and New York declaring cannabis businesses as essential has further established and solidified the validity of this burgeoning industry. As there…
Read MoreHow to Market Cannabis to Women
Marketing cannabis to women entails more than just marketing to women. More specifically, marketing to women means marketing to different kinds of women, and not pigeonholing almost half of cannabis consumers. A March 2019 report called “What Women Want in Cannabis” from Headset, found women make up 1/3 of the cannabis market (around 31%); previous reporting found…
Read MoreWhy Experiential Marketing Matters for Your Dispensary Design
Learn How Experiential Cannabis Marketing Can Translate to Brand Loyalty and Increased Sales It seems everyone is trying to keep up with the momentum of cannabis legalization lately. State by state, government officials find themselves penning laws designed to legalize and regulate medicinal and recreational cannabis sales. The close of 2019 even brought legalization to…
Read MoreHow to Protect Your Cannabis Business from Theft
As you start your cannabis business, it’s important to take into account how you are going to ensure the safety of your product and employees. Regardless of the type of business or product, preventing theft is paramount to a successful and thriving business. The probability of theft is exponentially higher in the cannabis industry, so we’ve…
Read MoreStrategies to Maintain an Environmentally Friendly Cannabis Business
Cannabis is big business. As legislation around cannabis begins to loosen, the economic impact begins to grow – and the use of medical marijuana, CBD, and hemp is no longer a hush-hush dirty little secret. It is a publicly recognized business that is projected to be a $22 billion industry by 2022. And while it’s…
Read MoreWhat We Know about Cannabis Industry Layoffs
Once cannabis was legalized, the industry exploded. Everyone had been busy making plans while they waited for legalization and then took off running once it was legal. So, after all of the initial hiring and hype, why are there suddenly so many cannabis industry layoffs? Just like the road to legalization, it is a tangled…
Read MoreHow to Plan for Unexpected Cannabis Business Expenses
When setting up and running a business, some expenses are obvious. Space, supplies, and packaging are all necessary. Other expenses are not as obvious; here are some examples and how to plan for them may keep unexpected expenses for cannabis business from shuttering an entire operation. Unexpected Expense: Employees As business grows, it will become…
Read MoreMore Than Weed: How Cannabis-Centric Companies Partner for Success
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…
Read More7 Leadership Tips for Cannabis Business Owners
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…
Read MoreThe 5 Most Common Struggles of New Cannabis Businesses
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…
Read MoreHow to Build a Financial Plan for Your Cannabis Business
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…
Read MoreThings to Know About Cannabis Financing
Financing for cannabis businesses is not as standard as some other industries where a business plan, a meeting with a local large bank, and underwriting time will usually secure a business loan. For entry into the marijuana trade, bank financing is not probable, as all major banks are regulated by the federal government which considers…
Read More6 Tips to Get Noticed at a Cannabis Business Conference
CannaCon is the nation’s leading business-to-business cannabis conference, making it the perfect place for you to meet others in the industry, make connections, and get your products noticed. Whether this is your first cannabis business event, or you are a trade show veteran, we’ve compiled the top tips for standing out among the crowd. 6…
Read MoreCannabis Beverages You Should Try Today
As the cannabis market evolves alongside legalization, methods of consumption diversify to appeal to a wider base. A sizable portion of the population interested in consuming marijuana has turned to edibles; the range of products and varieties grows daily. Projected numbers for the cannabis edibles market is $4.1 billion by 2022. The recently released Cannabis-infused Edibles…
Read More6 Mistakes Cannabis Business Owners Make (and How to Avoid Them)
Starting any new business can be a scary endeavor. The involvement of cannabis can make it even trickier because of the industry’s short history and its often-changing regulations. Many people still hold a negative view of cannabis because of the long-standing prohibition on its use. Read on for the 6 most common cannabis business mistakes…
Read More5 Common Misconceptions about CBD
Separating the terminology, legality, and benefits between CBD and cannabis is no small task. Storefronts and online ads advertise constantly and yet questions formulate and evolve without resolution. To further the gap, there is often a disconnect between those in the industry and the curious public. Below are five common misconceptions about CBD and some…
Read More10 Reasons to Attend a CannaCon Event in Your Area
As Cannabis grows in popularity, so does the need for information about the industry, its products, technology and legalities. And let’s not forget about the business of producing, marketing, selling, and operations. But what happens at cannabis events? Check out these 10 reasons you should attend a CannaCon event in your area. (Why not register…
Read MoreFit Matters – Things to Consider when Hiring Your First Cannabis Employee
Ready to hire your FIRST cannabis employee – but not sure where to start? Don’t worry, we have you covered. When it comes to the cannabis industry, we understand your first employee may not fall within the same ‘wants’ or ‘needs’ as a retail clothing employee and have tips to help you succeed. You need…
Read MoreWhat Is the National Cannabis Industry Association?
The National Cannabis Industry Association (NCIA) is the largest national trade organization in the legal cannabis industry with a focus on assisting cannabis businesses. In 2010, marijuana policy reform leaders Aaron Smith and Steve Fox founded the NCIA following the 2009 release of the Ogden Memo. In the Ogden Memo, the Justice Department directed its…
Read MoreThe Ins and Outs of Transporting Cannabis
**Legal Disclaimer: This information in this article is not intended to be used as legal advice. We recommend that you seek the advice of a qualified attorney or legal representative in your state prior to transporting cannabis.** As marijuana becomes legalized across the U.S. for both medicinal and (in some states) recreational purposes, it is…
Read MoreThings to Know Before Applying for Your Cannabis Business License
You’ve decided to start your own cannabis business. Good for you. Not only is the cannabis industry relatively new, making it a great option for new business owners, but it’s also a valuable resource for its customers. Owning your own business is far better than working for someone else any day so be proud of…
Read MoreHow to Market Your Cannabis Business on Social Media
Cannabis entrepreneurs encounter extra challenges when it comes to cannabis business marketing on social media. Cannabis social media platforms must follow federal and international laws, which can sometimes conflict with each other and local and state regulations. As a cannabis business owner, it’s important to focus on the details when marketing your cannabis business on…
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