A new report shows that revenue from cannabis vape products has dropped by 15% nationwide amidst the recent health scare, with some states, including Oregon, seeing decreases of more than 60%. The ailment has sickened at least 530 people and killed nine. See the original article from High Times
Edibles sales in the U.S. and Canada are on pace to reach more than $4.1 billion by 2022, according to a new report. A report from Arcview Market Research and BDS Analytics says the growth will be driven by strategies and participation from the consumer-packaged goods industry. Edibles spending in U.S. and Canadian markets reached […]
That the cannabis industry is growing by leaps and bounds is not new news. Over half the United States has legalized some form of medical marijuana, with nine states enjoying full adult-use legalization. All of Canada is set to enjoy recreational cannabis in a few short months. The cannabis business is tough. At first, maybe, […]
While securing a state license can be daunting, getting approval from local municipalities to establish a cannabis business within their city limits can pose its own set of challenges, from moratoriums to impossible zoning requirements. CannaAdvisors, a Colorado-based cannabis consultancy, worked with some of the first licensees in Massachusetts’ medical marijuana program and has clients […]
Here’s a striking figure for the nascent cannabis industry that only recently began to operate legitimately: It supports 125,000-160,000 full-time jobs in the United States. To put that in perspective, the marijuana industry now supports approximately the same numbers of full-time workers as there are librarians and kindergarten teachers in the country – and roughly […]
The cannabis industry poses its own unique set of difficulties. The following questions will not only allow you to figure out if you should participate in the cannabis industry, but also shape your business going forward. Is this business the right one for you? Support for cannabis legalization in the U.S. stands at a record […]
The U.S. legal cannabis industry is projected to hit $25 billion by 2025, according to a recent forecast from New Frontier Data, a cannabis analytics firm. New Frontier Data released updated industry sales projections, predicting that the $8.3 billion U.S. medical and recreational marijuana industry will grow at a compound annual growth rate of 14.7 […]
The US has always had a turbulent relationship with cannabis. The substance has often been portrayed as a villainous, addictive, mind-altering drug, with harrowing consequences if used even once, as the below video demonstrates. However, as laws become more passive to the sale and possession of cannabis, so have the attitudes surrounding its use. For […]
The duopoly may be soaking up all the growth in digital advertising, but not the ad dollars of one growing category: weed marketers. That’s because Facebook and Google won’t accept marijuana ads. A Google spokesperson said the company doesn’t allow marijuana ads on either the display or search side because the product is illegal on […]
When Colorado and Washington became the first states to legalize recreational marijuana in 2012, few could have predicted the scale of the growth which would bloom across the industry. Legal marijuana sales in the US and Canada are now expected to pass $20.2 billion by 2021 at a predicted annual growth rate of 25 percent, […]
Cannabis has been legalized for medical use in 29 states and approved for recreational use in eight, and market observers, including the majority of financial advisors, believe it is only a matter of time before its national prohibition comes to an end. That means we are witnessing the birth of a new industry, akin to […]
You’ve got a new product. How much of it will you sell next year? The guys preparing the slide decks for VC pitches will show astronomical growth. The person asking for budget to produce the product may hear low-ball estimates from the stingy CFO. Somewhere in between is going to be the truth, and it’s […]
Cannabis review site MassRoots (OTCQB:MSRT) has announced an agreement to acquire software developer Odava for $1.75 million, for essentially an all-stock deal with a tiny cash component. Odava makes point-of-sale software for cannabis dispensaries and growers to track their activities and report in a regulatory-compliant manner. MSRT is hoping to integrate its cannabis user review […]
Matt Walstatter fell into the cannabis business like many people do; he got sick. Really sick. In 2003, a bad case of flu and pneumonia turned into painful gastrointestinal symptoms that wouldn’t go away. For 10 years he vomited every day. He lost 50 pounds in the first six months. After trying everything and seeing […]
Cowen and Company joins the ranks of the few mainstream research firms to officially begin covering the cannabis industry. A comprehensive 100 plus page report with contributions from ten different analysts was issued by Cowen Washington Research Group on September 12. The Cowen group is forecasting that the marijuana market will grow to $50 billion […]
I often write about the legal side of and opinions about the cannabis industry. Much of what I write about is culled from anecdotal experiences within either my personal practice or observations in regard to the industry. I recently had a trip to Portland, Oregon to spend time learning and understanding a little bit about […]
Marijuana legalization means that bigger corporate interests and institutional capital will enter the industry and start competing with the businesses and entrepreneurs who have been at it for decades. But what does this mean for the industry’s activists and pioneers who protested federal law, got arrested, and created the very industry that is attracting attention […]
The marijuana industry never had room for professional design while stuck in the criminal sector. For decades, goofy stoner iconography, such as pot-leaf decals and so much tie-dye, were the de facto brand of marijuana in the popular imagination. Product packaging was limited to cellophane baggies and the tools of commerce (head shops, guys on […]
California is implementing new medical marijuana laws aimed at improving the regulation of cultivation, growth, sales and transport of the drug. The new laws will benefit both patients and the marijuana industry. Nearly 20 years after legalizing cannabis for medical use, the state of California has imposed new statewide rules on the transport, growth and […]
If you thought getting into the marijuana business meant starting a pot farm in Seattle or selling pot infused smoothies in Denver, think again. That was so last year. The cannabis industry has sprung anew. You see, once the marijuana industry began to boom in 2014 due to legalization in some states, there came about, […]
As cannabis businesses compete for customers, communicating their products’ quality and value becomes key. Marijuana companies that understand the need to differentiate their business and products from those of their competitors need to know what they can do to enhance and protect their brands. To greatly simplify, the goal of branding is to efficiently communicate […]
It was only a matter of time before the emerging legal cannabis industry began using one of America’s most popular business methods for rapid growth — franchising. This startup sector is wide-open spaces right now, and full of interesting players looking to grow fast and establish a national brand name. The quest to franchise a […]
A Purpose Built Travel Kit Designed For The Modern Cannabis Consumer DENVER, Colorado, March 17, 2015 — Black Rock Originals introduced its first collection of travel-inspired accessories centered around the Safety Case. The patent pending, pocket-sized case is durable, water resistant, and smell-proof. Thanks to a refined look and performance inspired exterior, the Safety Case […]
Cannabis Science, Inc. (OTCQB: CBIS), a U.S. Company specializing in cannabis formulation-based drug development and related consulting, today announced several updates and significant progress on product commercialization and key developments domestically and internationally from the Americas to Africa to Hong Kong, a key door to Asia. Highlights “Overall, the medical cannabis industry is booming and […]
Legalized marijuana is the fastest-growing industry in the country with 74 percent market growth from 2013 to 2014, according to a report released Monday. ArcView Market Research has published its third State of Legal Marijuana Markets report, showing that the industry reached $2.7 billion in total sales nationwide last year, up from $1.5 billion in […]
Seibo Shen made a lot of money in tech — he was an early employee at four startups that were acquired or went public. But for his latest venture, he didn’t just want to “add another zero to my bank account.” He wanted to rekindle that startup thrill while selling a product he truly cared […]
Thirty-eight thousand people normally don’t just disappear. So when 25-year-old Shane Fairbrother signed in to Instagram one evening last week and discovered that his company’s account, @themedtainer, had been suspended — and his loyal tens of thousands of followers were gone — he was more than a little annoyed. “I can understand kicking off certain […]
As Colorado celebrates its first year of legal weed that fueled a construction and real estate boom, industry leaders predict that 2015 will be a year that other states look to the state for expertise in everything from banking to energy consumption as the industry grapples with growing pains. Ganjapreneurs in Colorado — the first […]
The state of the marijuana industry is hazy, but a new report shows just how incredible job growth has been in 2014 now that 148 million Americans live in pro-medical marijuana states. According to WeedHire, a company which connects employers with employees in the marijuana space, around 10,000 marijuana-related jobs have sprung up in Colorado […]
Long has been the stigma that marijuana stocks are something to be leery of especially with how many portfolios have been riddled with losses during the midst of the marijuana blitz. Analyzing the industry as a whole and looking back at the first year in history where marijuana has been legal, we can really study […]
When he graduated from university, Dane Pieri, like many of his generation’s brightest, headed to Silicon Valley to join the technology boom. But a few years later the 26-year-old is no longer writing computer code. Instead, he has just founded his own cannabis company. Mr Pieri, like many of his peers, has discovered there is […]
Summary All three stocks CBDS, CNAB, and CANV have seen a tremendous upward swing in the past week which certainly justifies giving attention towards the industry. The young companies still have tremendous growth that could be seen through many of their projects such as CBDS’s “Hi” edible that has not yet come out. Their involvement […]
It looks like investors have gotten a serious case of the munchies. During the last two fiscal years, investors spent $104.5 million to gobble up stakes in cannabis and cannabis-related companies, according to research firm CB Insights. In 2014, funding in the industry grew a whopping 941.5 percent. The biggest news in the space hit […]