2020’s record-breaking cannabis sales tell an incredibly optimistic story about the industry’s resilience during an economic downturn. Many cannabis business operators are putting all their faith into that story as they plan their next steps. Here’s why I wouldn’t get too comfortable with that perspective yet. Looking at the Bright Side: Essential Designation Pays Off […]
Spotlight
Did the DEA’s new rule confirm hemp-derived Delta-8 THC is illegal?
By: Andrea Steel and Lisa Pittman Last Friday, the Drug Enforcement Administration (the “DEA”) published a rule regarding the scheduling of hemp and marijuana, effective immediately (the “Rule”). The cannabis community swiftly reacted with an interpretation that this Rule outlawed Delta-8 THC, the hemp industry’s new favorite cannabinoid. The impact is that if Delta-8 THC […]
Cannabis legalization: Five highlights of the MORE Act and what you need to know about it
Cannabis by Caltabiano Everyone knows the legal cannabis sector is seemingly unstoppable as an emergent business sector. Everyone also knows it is a business space in the U.S. that is defined by complex and challenging regulations and legalities that restrict the industry’s full potential to expand economically and even scientifically. The vast majority of today’s […]
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 […]
Lester Grinspoon, Influential Marijuana Scholar, Dies at 92
He believed pot was dangerous until his research convinced him otherwise. He then became a leading proponent of legalization. Dr. Lester Grinspoon, a Harvard psychiatry professor who became a leading proponent of legalizing marijuana after his research found it was less toxic or addictive than alcohol or tobacco, died on June25 at his home in […]
Half of Cannabis Executives Slash Revenue Forecasts Due to Coronavirus, Reallocating Marketing Budgets to Digital Media and Virtual Events
New study quantifies the impact of COVID-19, with 56% of executives moving marketing spend to online events and digital media and 39% planning to scale-back staffing. Cannabis executives report slashing budgets and significant disruption to suppliers and services during the COVID-19 crisis, according to a new report published by Cannabis Business Executive (CBE) and cannabis […]
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 […]
COVID-19 & The Cannabis Industry: Ten Industry Leaders Share How Their Companies are Dealing With The Crisis
Over the last several weeks, CBE Press LLC (CBE) has been conducting research to learn from industry leadership how the COVID-19 Crisis is effecting their businesses and to learn how they are making adjustments to weather the short term storm while positioning their companies for the long-term until a vaccine is available to protect lives […]
How COVID-19 Force Majeure Claims May Wreck or Save Your Business
Following its rapid spread, on March 11, 2020 the World Health Organization declared coronavirus (“COVID-19”) to be a pandemic thereby potentially voiding every commercial contract via “force majeure” provisions and the common law doctrine of frustration (“Frustration Doctrine”). “Force majeure” events mirror “Acts of God” like floods that are outside of parties’ control and relieve […]
