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 […]
Retailers
The Resilience of the Massachusetts Adult-Use Marijuana Market
Now in July 2020, two months into the reopening of the Massachusetts adult use marijuana industry, it is time to take a step back and look at the numbers. The second adult use retail store in Boston opened this past Monday, adding to the 16 others that have opened throughout the Commonwealth since the state’s […]
Science Reveals The Cannabis Industry’s Greatest Lie: You’re Buying Weed Wrong (And So Is Everyone Else)
There’s much more to cannabis than THC—for solid proof, look no further than the CBD boom—but when it comes to moving product on the legal recreational market, only two numbers matter: the list price, and the THC content. Super-potent cannabis flower, with THC percentages of 25 percent and up, dominate dispensary shelves. High-THC cannabis will […]
Lavish Parties, Greedy Pols and Panic Rooms: How the ‘Apple of Pot’ Collapsed
The warm California sun shone down on Adam Bierman as he stepped up to the ceremonial ribbon strung across the entrance of his latest triumph: a new store on Abbot Kinney Boulevard in Venice, the hottest retail strip west of the Mississippi. Bierman stood facing a pack of clamoring photographers. Behind him, inside the shop, […]
Medical and Recreational Marijuana: An Overview of the Various Issues Involved in Starting and Operating Marijuana Dispensaries Part 4
This article is the fourth part of a six-part series discussing the legal issues, operational challenges, and regulatory hurdles that marijuana-related businesses (MRBs) frequently encounter. Part 1 discussed the various fire, health, and safety risks that MRBs encounter while growing and cultivating marijuana plants inside large, indoor, commercial spaces. Part 2 discussed the three most […]
What the Cannabis Industry’s Overnight Transition Teaches Us About the New Retail
From changing product preferences to compassionate pricing policies The Covid-19 outbreak upended daily business operations and consumer habits in nearly every industry. In the world of legal cannabis, restrictions on business and travel are creating seismic shifts that could potentially restructure the unique culture and idiosyncrasies that define the industry. Dispensaries are quickly pivoting to […]
Jushi Holdings Inc. Plans to Open Up to Five Additional Dispensaries in Virginia
PRESS RELEASE Virginia Senate bill 976 expands Commonwealth’s cannabis program allowing for up to five additional cannabis dispensing facilities per health service area and removes 5% Cap on the Concentration of THC Permitted to be Contained in Cannabis Oil Jushi’s subsidiary is one of only five applicants to have received conditional approval to operate in […]
The Whole Gamet: Operating a Dispensary During a Pandemic
Just another challenge for an industry accustomed to moving targets If ever there was a business sector that is accustomed to pivoting and adjusting to changing conditions, it is the legal cannabis industry. From rapidly evolving laws, to last minute changes in regulations, to state by state variances… the cannabis industry knows how to adapt. […]
Stimulus Checks, the Unofficial Federal Aid for Colorado Weed Shops
The marijuana industry won’t receive any official aid from federal business bailout packages, but it still received an assist from the first round of stimulus payments, which came just in time for the plant’s biggest holiday. Colorado’s marijuana dispensaries reported significantly higher sales this week, the same week that many Americans started receiving $1,200 payments […]
How One California Cannabis Company is Adapting to the New Not-So-Normal of COVID-19
As of March 30, 2020, more than 160,000 people in the United States have tested positive for coronavirus, with more than 3,000 deaths related to the disease. Over the last several weeks, with the influx of the coronavirus pandemic, Americans braced themselves for a not-so-normal way of living: gyms vacated, restaurants closed, public gatherings shut […]
