North America

Mon
18
May

4 Ways CBD Brands Can Market Responsibly Right Now

The COVID-19 epidemic has affected businesses of all kinds. But CBD-based businesses have seen an unprecedented upsurge in demand for their services, as more and more leaders and lawmakers declare CBD business an essential service. These tacit approvals plus the sheer realization of the value of CBD products have seen the market for CBD products soar.

Thu
14
May

Trial And Error: Cannabis And The Big Four Sports Leagues

It seems likely that cannabis will end up like alcohol, only monitored for actual abuse with corresponding treatment options and monetary fines depending on number of offenses.

Anyone who knows me knows that I really enjoy sports of all kinds. I was a college soccer player and played competitive club soccer in Florida before that from the age of 7 onward (and I now play in an adult co-ed league in Los Angeles). Unfortunately, COVID-19 has put the damper on watching live professional sports on TV, and clearly no one can attend any sporting events right now or likely anytime soon. Pro athletes have time on their hands now to train and/or rest up accordingly, which got me to thinking about our pro leagues’ treatment of cannabis and how it has evolved over recent years.

Wed
13
May

Expect at least a dozen pot companies to go bankrupt in 2020: Tilray CEO

The COVID-19 pandemic is likely to force at least a dozen cannabis companies to file for bankruptcy as available liquidity dries up, according to Tilray Inc.'s chief executive officer. 

"I've actually been surprised by the dozen bankruptcies that have already happened," said Tilray CEO Brendan Kennedy in a phone interview with BNN Bloomberg. 

"Based on the calls that I'm getting, I'm expecting another dozen more as funding has dried out,” he added. “If companies haven't already strengthened their balance sheet, they've got a hard road ahead."

Mon
11
May

Allowing cannabis delivery is a good start. But too much weed is still being sold on the illicit market

One of the biggest criticisms of Canada’s legalization of cannabis is that its cumbersome rules and limited retail options can’t compete with the black market. What would help? Allowing cannabis home deliveries from retailers to continue after the pandemic.

Tue
28
Apr

U.S. cannabis companies say legalization would be an economic saviour. Have they learned nothing from Canada?

As COVID-19 brings economic growth to a standstill, some in the U.S. believe there’s a way out.

“When we all start to be able to lift our heads from this COVID experience, we are going to be faced with a scenario where a lot of jobs have gone away,” Charlie Bachtell, CEO of U.S.-based cannabis company Cresco Labs, tells CNBC. “How are we going to bring that back? I think cannabis has to be part of that discussion,” he says.

Thu
23
Apr

Will Edibles Become More Popular After The Pandemic?

Experts believe that once quarantine ends people should remain vigilant of the coronavirus, taking the necessary sanitary measures and keeping an eye on their health.

The pandemic has made different states question what constitutes as an essential business, with many allowing marijuana dispensaries to continue to operate. A lot of these businesses reported an increase in sales once the shelter in place orders were announced, claiming that a some costumers prioritized edibles.

Tue
21
Apr

4/20 uncertainty: Marijuana industry tested in virus crisis

The unofficial holiday celebrating all things cannabis arrives Monday as the nation’s emerging legal marijuana market braces for an economic blow from the coronavirus crisis, with many consumers reducing spending or going underground for deals.

It was supposed to be a long weekend of festivals and music culminating on April 20, or 4/20, the code for marijuana’s high holiday. Instead, it has been reduced to an online replica because of stay-at-home orders to curb the pandemic.

Mon
20
Apr

420: Everything You Need to Know About Weed’s Biggest Day

420 is cherished by all cannabis consumers but this year is the first time in its history that we’ve been forced to celebrate at home. In order to get in the spirit of the holiday, we’ve put together this collection of articles that should help set the mood even though the party simply won’t be the same.

Mon
20
Apr

Why April Will Be a Big Test for the Cannabis Industry

March was a strong month for pot sales. As the coronavirus pandemic put consumers on edge, many people loaded up on cannabis, presumably in anticipation of prolonged stays at home. However, the data suggest that sales surged during the first half of the month, while sales began to decline toward the end of the month. Some industry experts went so far as calling pot "recession-proof" and similar to alcohol in its resiliency.

However, it may be far too early to tell if that's the case. For investors, April will be a very telling month, and whatever happens will shed light on whether pot stocks will be okay during the coronavirus pandemic, or if their sales could take a significant hit in the weeks and months ahead.

Mon
20
Apr

Be Part of History With These Digital 420 Celebrations

Things certainly are different from when we first realized April 2020 would mean a month-long 420 party. But, thanks to coronavirus, we’re social distancing instead of enjoying group seshes. Don’t worry friends! We all know cannabis brings us together and weed will always find a way. To keep our spirits high, the cannabis community has come together to provide incredible digital 420 celebrations with music, art and entertainment to help get us through this historic moment. Moreover, many of these events are fundraising for people who have been hit hard as a result of the pandemic. 

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