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The cannabis space has been less than diverse since its onset as an “industry.” Even behind the scenes, there aren’t too many minorities. During the Winter Emerge 2020 Virtual Cannabis Conference, one panel highlighting diverse voices in cannabis was “Multicultural Experiences in Technology Innovation,” moderated by Sohum J. Shah. Shah is the found
HempFlax saw its profits before tax skyrocket 616 per cent in 2020 to €659,000, as demand grew for its construction materials and CBD. The EU’s biggest hemp grower, headquartered in Holland, saw full year revenues up 43 per cent to €14.5m in 2020, with EBITDA increasing 63 per cent to €1.8m. The numbers were in part driven by a 1,089 per cent incre
2 Marijuana Stocks To Watch As More Momentum Enters The Cannabis Sector With marijuana stocks finally catching a wave of upward momentum investors want to know how long this will last. Now there is no way to be 100 percent certain how long this momentum will last. However with earnings soon to be reported by various cannabis companies some marijuan
Earlier this month, Mexico’s push to legalize recreational cannabis was halted after Senate Majority Leader Ricardo Monreal said that is attempting to extend the Supreme Court’s deadline to change the current law. This development was not well received by the market as Mexico was on the verge of becoming the third country to legalize recreational c
2020 is a year we’ll never forget. How could we? If 2020 was a story, then the COVID-19 pandemic would be the main antagonist. It upended everything, reorienting the economy, business operations, and our own livelihoods. Original link
At times, marijuana stocks have the ability to be the best-performing stocks in the market. They can catch fire — no pun intended — on headlines or reports and scorch higher. During some of these runs, it’s not odd to see the stocks double or triple in value over a short period of time. A high level of short interest also helps spark a nice move. I
Here are three strategies for cannabis companies to avoid drawn out regulatory investigations and to decrease the risk of facing regulatory penalties. Those penalties could include significant fines, license suspension or, in a worst-case scenario, license revocation. 1. Develop an expertise in your company’s security measures Often, what causes a
The nation’s booming weed industry has a potency problem. As more and more states legalize marijuana, companies are facing new pressure from lawmakers across the country — and Capitol Hill — to limit the strength of their products. It’s a level of scrutiny that comes with being allowed to operate in the open after decades in the shadows. The steadi
When Illinois lawmakers approved recreational cannabis in 2019, they did so hoping that it would prove popular enough to generate taxes to help offset state debt and fund a variety of programs. So far, Illinois residents have come through for them in a big way. Recreational cannabis has proven extremely popular in Illinois. Even with the pandemic r
I don’t blame any small business owner for scrutinizing expenses and pushing away salespeople touting their latest and greatest product. I’ve been there. My keep-your-hands-off-my-tiny-pile-of-cash approach saved me time initially, but I also missed opportunities where I could have spent money to make money and run my business more effectively. Ori
Earlier this month, New Mexico Gov. Michelle Lujan Grisham signed legislation to legalize recreational marijuana in the state. While advocates say it's a huge win, it could mean big losses for dispensaries in Colorado. Since 2014, when recreational marijuana went on sale in the Centennial State, business has boomed for Colorado dispensary owners
The pandemic has completely changed the way that most markets in the world work. Instead of being able to go out to the store and buy supplies, people are turning to alternative methods. Furthermore, people are finding new distractions during this time, including a growing number of people that are trying marijuana. Between legalization and increas
2 Marijuana Stocks Investors Are Watching Heading Into May Original link
With often intricate, ever-shifting application rules, receiving any kind of cannabis license feels like a success. You should celebrate the huge win but as a new license holder, you are now part of a heavily regulated industry that’s filled with potential but also riddled with risk every step of the way. From help with hiring management teams to t
To say the cannabis industry has experienced change over the past few years would be a serious understatement. Every element — from growth engineering and legalization to marketing and delivery — seems to be witnessing a revolution. However, cannabis packaging is undergoing one of the most significant changes. As cannabis products receive more main
Cannabis businesses have transformed from clandestine ventures to glossy lifestyle brands in a matter of years, thanks to an evolving regulatory and business landscape. The majority of states now have some form of legalized cannabis, whether for medical or recreational use. The 2021 U.S. cannabis market is valued at $33 billion , according to an an
