Generating & Maintaining Cannabis Sponsorship ROI
Like any other service and retail business, cannabis companies need to grow their market share. Unfortunately, due to state regulations that strictly monitor and control their advertising efforts, cannabis companies have limited marketing options. National advertising such as Google and Facebook is unavailable to cannabis retailers, so cannabis businesses have begun turning to Cannabis Sponsorship […]
Read moreCannabis Transporting Risks to Address
The cannabis industry is booming and it appears it will only continue to grow with time. According to a 2017 report, cannabis will be a 24 billion dollar industry by 2025. This is an exciting time of explosive growth for those businesses in the industry and careful planning is required to help boost business while […]
Read moreWhat Features Make a Cannabis Retailer Reputable?
If you’re like most Americans, you might have mixed feelings about cannabis. Most adults living today grew up in a time period in which the words “cannabis”, “marijuana”, and “hemp” resulted in suspicion or even fear. Today, though, there’s a more relaxed stance taken on this herb, and in some states, purchasing and owning cannabis, […]
Read moreLegal vs. Illegal Dispensaries: What to Look For
With the legalization of marijuana, U.S. cities are seeing a rise in both legal and illegal dispensaries. One of the biggest differences between a legal cannabis dispensary and an illegal one is the quality of the product. In January 2020, the Bureau of Cannabis Control in California tested products from 45 illegal dispensaries and cannabis […]
Read moreHow to Start a CBD Business
The sales of CBD products are booming, with products available in various industries such as health and wellness, beauty and food sectors. For the entrepreneur, starting a CBD business could prove to be a lucrative choice in today’s market. But, before you decide to launch a CBD startup, it is important you understand the risk […]
Read moreCBD e-Commerce Sales Boom After Retail Closures
It should come as no surprise to learn that the CBD industry has exploded over the last two years. Retail outlets popped up across the nation, both in small towns and large cities. Even entrepreneurs took advantage of a new niche and opened dedicated CBD shops, and small unsuspecting shops such as gas stations and […]
Read moreInsurance Coverage Is Essential in Hemp Industry Amidst Uncertain Times
With its relatively new status as a legal agricultural product from the 2018 farm bill, hemp growers are subject to the same risks and liabilities as other farmers. Thus the importance of hemp insurance as a risk management strategy. While the crop itself is highly regulated, the market for products is not, and growers, manufacturers, […]
Read moreHow Will COVID-19 Affect the Cannabis Industry?
COVID-19 has changed the landscape for many businesses. The cannabis industry is navigating new realities from the amount of sales to insurance product changes. Industry professionals are keeping a close eye on the market as states walk the line of reopening economies. While there are particular concerns within the industry, there are also some possible […]
Read moreWhat You Need to Know About Workers’ Comp in the Cannabis Industry
Since Vermont became the first state to legalize recreational marijuana in 2018, several more states have followed suit, and the result is a booming industry raking in over $1 billion in annual revenue in the U.S. alone. The backbone of this industry is its workers. Like any other agricultural job, workers in the cannabis industry […]
Read moreNew Cannabis Products Hitting The Market This Year
In the U.S., the legalization of cannabis for recreational purposes has been rolling across the country. Cannabidiol (CBD) has been decriminalized at the federal level and, as of January of 2020, recreational marijuana is legal in 11 states, plus the District of Columbia. More states are destined to follow suit. The cannabis plant contains several […]
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