At a time when the rest of the labor market appears to be tightening up, the marijuana industry is just getting started when it comes to job creation, according to a recent report. Pot manufacturers and distributors, on both the recreational and medicinal sides, saw massive job creation in 2018, with 64,389 new positions added […]
marijuana industry
High prices keep many Ohioans out of legal cannabis market
As Ohio’s medical marijuana industry finally takes off, some patients and advocates are griping about costs that put it out of reach for many people. A steep price tag stems partly from the lack of competition, as Ohio only has seven dispensaries spread throughout the state, mostly in rural areas, experts said. Costs are expected […]
Colorado Cannabis Wants To Go Public, But Not Everyone Is Onboard
Colorado used to be on top of the cannabis world. As legalization spreads both in the U.S. and abroad, a lack of investor capital here could be the industry’s undoing. “Now we are chasing the wagon,” said Dean Heizer, the executive director and chief legal strategist of LivWell. “And we need to get back on the wagon, […]
Growing Marijuana Industry Struggles To Attract Employees Of Color
As marijuana becomes legal around the country, blacks and Latinos are often left out of new business opportunities. Advocates say people of color are often reluctant to join the growing legal marijuana economy because they were targeted far more often than whites during the war on drugs. Studies show members of such communities were arrested […]
Public Banks Could Help Serve Marijuana Industry
NESTLED at the edge of Bismarck, North Dakota, where the city meets the Missouri River, is an inconspicuous brick building that houses a unique institution: The Bank of North Dakota, the only state-owned and state-run bank in the U.S. Born of necessity, the banking model pioneered by North Dakota has since proved profitable – to the tune […]
Marijuana is getting cheaper. For some states, that’s a problem.
Wholesale marijuana prices in Colorado have fallen by a third in just the past 12 months, continuing a price crash that began soon after the drug was legalized. Although this implies that some marijuana entrepreneurs are going to go bankrupt, the bigger financial hit will be felt by states that tax marijuana based on its […]
Canadian legalization creates opportunities for Colorado marijuana businesses
Nationwide recreational marijuana legalization makes Canada a fertile landscape for ganjaprenuers. While some Colorado companies are already cashing in on opportunities north of the border, the effect on the local cannabis landscape is expected to be mostly invisible to consumers, industry advocates say. People began lining up in the wee hours of Newfoundland time Wednesday morning to make […]
Canadian cannabis industry workers will be able to enter U.S. for pleasure travel
U.S. Customs and Border Protection says Canadian citizens working in the cannabis industry should be able to enter the U.S. for reasons unrelated to the marijuana industry. The agency updated its website Tuesday, providing a measure of clarity after a vague statement last month left the industry and investors facing uncertainty about travel of any kind […]
Pharmacokinetic Testing in the Cannabis Industry: Scientific Testing Must Become the Industry Standard to Keep Consumers Safe
By: Dr. Richard Kaufman, Chief Science Officer, NanoSphere Health Sciences As legislation evolves, the marijuana industry is poised for exponential growth in the years to come. Within a few decades, we will not even recognize what the industry looked like in its nascence. That said, a still-developing industry comes with its fair share of challenges. […]
ZipRecruiter CEO Says Cannabis Is Fastest Growing Job Category
The head of a leading firm that connects businesses with job seekers says that employment in the legal marijuana industry is growing faster than any other field. “You know what the fastest-growing job category in the United States is?” ZipRecruiter.com co-founder and CEO Ian Siegel asked. “Marijuana.” And he should know. His company calls itself the “fastest growing employment marketplace” […]
This Marijuana Stock Is Booming Past The Rest
In case you haven’t noticed, marijuana stocks are growing like a weed. A majority of those with a market cap of at least $200 million have had their share price double or triple over the trailing year as optimism surrounding legal weed grows. Rapidly rising sales figures have certainly played a role in boosting investor […]
D.C.’s Cannabis Industry Continues to Operate in Grey Zone
While public support for marijuana grows across the country, ambiguity surrounding marijuana laws in Washington, D.C., has provided an opportunity for online distributors. But it has also put consumers in a tricky spot. The District’s recreational marijuana law, a voter-approved ballot initiative passed in 2014, legalized the possession, cultivation and gifting of certain amounts of recreational marijuana, […]
Why Does the Industry Favor Cannabis over Marijuana?
Pot. Weed. Mary Jane. Ganja. There are many names for the plant recently legalized in Nevada for recreational use. But not all words are created equal and some industry reps are using the term cannabis instead of marijuana because of its historical context. Let’s turn to our contributor Brook Bentley to learn more. KUNR: So, […]
Native American Tribes Looking to Join the Marijuana Industry Tax Free
With medical marijuana legal in most states and recreational marijuana in a growing number, there is still much talk about taxing the profits. Some fear that the industry will be taxed to death, and that the continuing federal tax problems of section 280E of the tax code, the industry faces a tax double whammy. That’s […]
Medical Marijuana Industry Thriving in New Mexico
New Mexico’s medical cannabis industry has grown into a powerful magnet for money and customers. Customers, sales revenue and dispensaries have exploded the past year with a total of more than 40,000 people now signed up to purchase medical marijuana. Since Jan. 1, some 8,000 New Mexicans obtained a state-issued license that allows them to […]
Recreational Marijuana in Massachusetts Is Ready to Take Off
BOSTON – Massachusetts already has one of the highest-performing economies in America according to recent surveys, along with the best unemployment rate in 16 years. So how can things get better? The emergence of a new industry – devoted to legalization of marijuana. The decision by Massachusetts voters to legalize the use of recreational marijuana […]
Report Predicts Beer Industry Losing $2 Billion in Sales Due to Legal Cannabis
Beer sales could take a huge hit if more states legalize recreational marijuana. A new report from Cannabiz Consumer Group (C2G) predicts that the beer industry could lose more than $2 billion in retail sales due to legal marijuana. The company reported that 27% of beer drinkers said they have already substituted cannabis for beer or […]
Los Angeles Voters Pass Prop M to Regulate Marijuana Industry
In a resounding vote of approval for cannabis regulation, Los Angeles voters yesterday approved Proposition M, with 79.4% of the tally in favor of the measure. Proposition M will give the Los Angeles Mayor and City Council comprehensive oversight of commercial cannabis. After years of convoluted regulations, sporadic enforcement and an often-adversarial relationship between the cannabis […]
