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Starting a cannabis business in the US takes a lot of planning, effort, and patience. However, it’s doable if you choose the best US state for such a business. According to some of the most recent statistics, the cannabis industry is among the fastest-growing industries globally. Therefore, it’s a perfect time to start this type of business. Origin
There was no blue wave or red wave during Election Day, but the green wave rolled on for cannabis as voters expanded recreational use to more locations just days after the industry’s most lucrative month yet in Illinois. Illinois adult-use cannabis dispensaries generated a record $75 million in sales during October, up nearly $8 million from the pr
It wasn't long Wednesday morning before Don Lantis had fielded three phone calls from people wanting to go into the marijuana dispensary business with him. Lantis, the grand old man of fireworks in North Sioux City, is personally not fond of marijuana and has never used it. (He prefaced this several times by noting, "I'm 79 years old.") But it's im
Despite all the uncertainty surrounding the U.S. election, there’s a clear victor already: domestic cannabis companies. Leaders across the industry cheered after marijuana measures passed in all five states that had them on the ballot Tuesday -- even in deeply red parts of the country. The results buoyed the biggest U.S.-based players in the market
California's most iconic cannabis cultivation zones and its local outdoor growers recently received a boost to their business when Gov. Gavin Newsom signed SB 67 into law on Sept. 30. The regulation amends Section 26063 of the Business and Professions Code while enacting a new terroir-based appellation for origin-specific products and its use of th
San Francisco’s cannabis industry is expected to hang on to a bit more green next year due to a tax break that is likely to pass next week. Supervisor Rafael Mandelman has proposed the one-year tax reprieve, delaying the implementation of the cannabis tax approved by voters in November 2018. The estimated tax break and revenue loss to The City is $
The Oregon secondary market for cannabis licenses and businesses remains lively. We have been helping industry buy and sell these businesses since 2016. This post is mostly about pricing for retail plays, which is still an evolving standard, but a standard nonetheless. First, some context. Original link
With marijuana and cannabis use rising rapidly nowadays, it is easy to see why more and more people are wanting to jump on the bandwagon and start their own marijuana seed business. If run and managed well, a marijuana seed business can be a lucrative market to be a part of and can offer a huge number of benefits for both customers and the business
After several extended deadline extensions, Mexican lawmakers seem on course to legalize adult-use cannabis in the coming weeks. The most recent indication comes from MORENA Senate majority leader Ricardo Monreal, who says the bill would pass by the end of October and before the Dec. 15 deadline. Projections expect Mexico to be the most lucrative l
Uruguay has been making tremendous strides in international cannabis distribution. The country’s buds have already made it all the way to Germany. But a recently approved decree has the potential to propel Uruguay to the forefront of cannabis logistical endeavors. Other countries can now ship cannabis products to Uruguay. While in the country, the
Growing hemp was outlawed in 1970, but since the California Hemp Farming Act was signed into law and became effective on January 1, 2017, hemp is again a legal crop. Still, not just anyone can throw their hat in the ring to legally grow hemp. There is a somewhat involved registration process to wade through first, as well as rules and regulations f
Four years to the day after Massachusetts legalized recreational marijuana, the state announced that cannabis businesses across the state have surpassed $1 billion in non-medical cannabis sales. According to the Cannabis Control Commission, 80 Massachusetts marijuana retailers, as of Oct. 30, reported $1,000,521,905 in sales since stores opened in
It looks like JAY-Z is fully throwing in on the cannabis scene with the debut of a new weed brand, Monogram. Original link
What is being touted as the first cannabis-infused social tonic has received a funding injection from A-listers ranging from actors to athletes in a bid to make social tonics socially acceptable. Original link
You probably know people who will tell you “how it’s done”. Setting up a grow room has many ways of being done and more opinions than truths out there. You have to ask yourself some basic questions such as: How much space can I commit to this project?How much time can I commit to this project?How much money am I willing to spend on this project? Wi
