2023 is shaping up to be another action-packed year in the cannabis industry with yet more states launching legal marijuana markets. New York and Connecticut are the latest states to launch legal cannabis sales, with Maryland and Missouri set to follow later this year. Even though inflation has taken a heavy toll on businesses and […]
read moreRecent inflationary pressures have put an added strain on marijuana businesses, especially those that have just opened. Many cannabusinesses, especially in states like California, were already finding it hard to balance the books due to onerous tax obligations, compliance requirements, and licensing fees. This hasn’t been helped by IRC Code 280E which prevents marijuana businesses […]
read moreAt a time of high inflation and plunging stock values, the cannabis sector remains one of the country’s fastest-growing industries. According to Cowen, sales topped $17.5 billion in 2020 and continue to pick up pace as more and more states move to establish legal recreational marijuana markets. By 2030, the cannabis industry analyst predicts annual […]
read moreCertified wine experts are sommeliers. For beer, they’re known as cicerones. So, what to call a certified expert in the finer points of marijuana? Well, if the organizers of a first-of-its-kind cannabis certification program have their way, marijuana masters will be known as ganjiers. Ganjier is also the name of the course on offer. According […]
read moreMarijuana legalization may be continuing apace across the US, but cannabis industry finances are still stuck in the 1980s. This isn’t just because many financial institutions are reluctant to service state-legal marijuana businesses because of cannabis’ federally-illegal status. It’s also because of Internal Revenue Service (IRS) Tax Code 280E. This code means marijuana businesses have significantly […]
read moreThe United Food and Commercial Workers (UFCW) union now represents more than 10,000 cannabis workers across the US, having started organizing in the industry more than a decade ago in southern California. One such worker, Zachary Casciato, said unionizing helps to legitimize the marijuana industry in the face of ongoing hostility. “There’s a lot of […]
read moreApple has removed its ban on hosting cannabis delivery services on its App store, albeit with some restrictions remaining in place. As of last month, marijuana delivery apps are available on the App store in jurisdictions that have legalized the plant, so long as the app is submitted by an organization holding a cannabis business […]
read moreLike it or not, the cannabis industry is growing, and jobs available in the industry are increasing, too. In some areas, year over year, job growth has been up by as much as 30%. One recruiting firm that focuses on the cannabis industry estimates that 250,000 full-time cannabis-related jobs are available in the United States. […]
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