Austin Stevenson & Lauren Tamburro Launching a new product is exciting, but for a small business it can also be a significant challenge. Everywhere you turn, the stakes are high – and finding a responsive external or co-manufacturer can be the difference between launching on time and putting a project on hold. If your team […]
Best Practices
New normal means new challenges for cannabis companies
For the cannabis industry specifically, our new norm means a business environment in which pandemic health concerns are here to stay, as are the effects on staffing and customer interactions. Cannabis sales may be rising in general, and the industry has secured an “essential” business status to stay open as other businesses such as bars […]
Why a proper CO₂ extractor must precisely control all three key parameters
By Jeremy Diehl There’s a frightening moment for every CO₂ extraction technician when they first step in front of a new system, tasked with producing beautiful oils. They’re expected to drive product development and, even more, sales that allow the business to succeed. The cannabis biomass in the extraction vessel is not the only thing […]
Should cannabis companies get out front on leaseback plans?
Cannabis Business by Joe Caltabiano Companies in need of capital have a wealth of options in how they can raise it. From traditional bank loans to venture funding, line-of-credit accounts to angel investors, the sourcing choices are numerous. But that doesn’t mean they’re all equally available in all markets at all times. And right now, […]
Coronavirus Crisis or Not, It’s Time to Ensure Your Cannabusiness Isn’t Overexpanding
By Chris Woods, CEO, Terrapin Care Station In January, Motley Fool asked whether 2020 would be the year of cannabis stock bankruptcies. And if business leaders aren’t careful about their growth, the answer will undoubtedly be “yes.” While the impact of the coronavirus crisis clearly shines a light on mistakes made by cannabis companies that […]
Public Health, Protocol, and Profitability in Cannabis Cultivation”
“The frequency of fungal infections associated with cannabis is unknown but is a growing concern as more states legalize its medicinal and recreational use,” observes a new study from the CDC1. The study’s results indicate a 3.5x increase in the incidence of fungal infections in cannabis users versus non-users. The researchers note that while they […]
Bankruptcy, Receivership and Cannabis Insolvency
As I started to write this article, the economy was still booming, despite the expectation of an impending adjustment in the market. Now, amidst the global COVID-19 pandemic, I still intend to share my thoughts surrounding bankruptcy and receivership in the cannabis industry, as I believe they are highly relevant in these uncertain times. The […]
Getting Started in Hemp Extraction: Step Two, Part Two: Choose & Design Facility
When designing cultivation facilities or other business types, the design process typically starts with first choosing a property, then choosing a building, and then designing the equipment and systems to outfit the building. When it comes to hemp extraction, we actually recommend the opposite: start with choosing your processing method, then design your facility and […]
Perfect Union Leads the Way in Coronavirus Bonus Pay Extended to Employees
PRESS RELEASE Extends additional hardship allowance to both UFCW employees and front-line management. SACRAMENTO, Calif.–(BUSINESS WIRE)– Perfect Union, one of the nation’s premier cannabis dispensary operations, announced the extension of their retail-industry leading coronavirus bonus pay program for employees. The company, which operates vertically integrated dispensaries in California, New Mexico, and Rhode Island, began paying […]
Why The Best Cannabis Clients are Seniors
I’m often fascinated by retailers that are sometimes dismissive about taking the time to educate senior citizens about the benefits of cannabis as a medicinal solution to chronic illnesses. I believe Seniors who are adults 65 years and older should be a primary target for all cannabis retailers. My point has been made loud and […]
