Marijuana Business News

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Mon
01
Mar

Will Cannabis NB be sold soon?

Cannabis NB could be a thing of the past if the New Brunswick government opts to move forward with selling the provincial retailer, negotiations around which have been ongoing since last fall.

Global News reports the N.B. government has been in talks with a potential suitor since October. At that time, “negotiations started with the top-ranked proponent,” and the agency is in the final stages of negotiations at this time, said Cheryl Hansen, deputy minister of the Department of Finance and Treasury Board.

Fri
26
Feb

Here's How Some Cannabis Industry Leaders Are Working to Dismantle Systemic Racism

Cannabis is not the only industry that can act as a microcosm of the world but it may be the most prominent. Cannabis is still federally illegal so there are many areas in which people can be turned away from participating due to previous arrests for cannabis.

During the Fall Emerge 2020 Virtual Cannabis Conference & Expo, Minorities for Medical Marijuana (M4MM) Founder and CEO Roz McCarthy led a panel discussion with industry-leading advocacy organizations. Together, they addressed the myriad concerns surrounding social equity within the cannabis industry.  

Fri
26
Feb

Data Can Play a Huge Role in Accelerating Your Cannabis Business' Growth

People often categorize particular talents or behaviors as "right-brain" or "left-brain" thinking. Individuals who are right-brained lead with intuition and creativity. People often describe them as free thinkers. On the other hand, left-brained people are thought to be more quantitative, analytical—the data heads. 

While there's some truth to where certain brain functions lie, scientists also know that reasoning and creativity are not mutually exclusive. As a person who has spent the last three decades in advertising, branding, entertainment, and the digital landscape, you might assume I lead with the right side of my brain. But creativity is often inspired by hard data rather than gut feelings. 

Fri
26
Feb

Designed to Grow: Creating an Optimal Indoor Facility

Cultivation, one of humanity’s oldest crafts, is undergoing radical transformation. And it has cannabis grows to thank for it.  

The roots of farming go back more than 12,000 years as hunter-gatherers established agrarian communities to centralize food production, sharing the work and harvest.

Naturally, these early societies recognized that certain crops grew in abundance in certain climates and cultivated those crops that allowed their civilizations to thrive. 

With trade, commodity crops grown in one area became highly prized and profitable elsewhere – from the Far East spice trade to finding fresh papaya in a New York City bodega.  

The cannabis industry can’t follow this simple, ancient calculus. 

Fri
26
Feb

As more and more cannabis stores open, some ask: How many can stay in business?

If there’s one thing the western stretch of the Danforth, a busy street in Toronto’s east end, suddenly isn’t short of, it’s cannabis stores.

First it was Canvas, a brightly lit store in a former diner, part of a small local chain. Then, ten minutes’ walk down the street, Friendly Stranger, owned by national chain Fire & Flower, opened up shop. Then Green Merchant, part of a small local chain, opened a store across the street from the Friendly Stranger.

Finally, Canopy Growth, owner of retail chain Tokyo Smoke, confirmed this week to CTVNews.ca that they plan to open a fourth store in the neighbourhood, just across from Canvas.

Thu
25
Feb

Breaking the Grass Ceiling: What Issues Women Executives Face in Cannabis

As the inspiration from the first female Vice President grows, women are motivated to empower themselves and do even more amazing things than ever before. In celebration of this historic event, The National Cannabis Industry Association and the Women’s Inclusion Network by Arcview jointly released a set of five cannabis-related white papers that outlines the different challenges women executives face in the cannabis industry. 

Thu
25
Feb

How Cannabis Brands Should Market to Gen Z and Millennials

Gen Z and Millennials are typically a marketer’s worst nightmare, especially those working within the cannabis sector. Not only are these the hardest-to-reach generations, but they also love to hang out on social media platforms such as Instagram and TikTok, just two of many platforms that ban paid cannabis advertising. Yet, marketers cannot take Gen-Z and Millennials lightly since, combined, they account for 38% of legal cannabis consumers.

Thu
25
Feb

Are Canadians Still Interested in Global Cannabis Investments?

As Canadian operators race to strengthen their positions in the cannabis landscape, are international pursuits outside North America still top of mind?

The role that mergers and acquisitions (M&A) have played in the expansion of Canadian companies across the globe has been monumental for the growth of the cannabis industry. Now the space has reached a critical point as the demands of the US market increase.

With the dominance of the US rising, how exactly do international plays beyond North America fit into the appetite for Canadian companies and investors alike?

Wed
24
Feb

London cannabis company Indiva secures $22M investment

Cannabis company Indiva has secured a $22-million investment from an Alberta pot producer wanting access to the London firm’s product offerings.

Sundial Growers, an Alberta-based licensed pot producer, is lending Indiva $11 million and also buying $11 million in Indiva shares to give the Alberta firm more access to the lucrative edibles market, the companies said.

“Our core business is really edibles. Eighty to 90 per cent of our revenue is now edibles, so this gives them exposure,” Indiva chief executive Niel Marotta said.

Wed
24
Feb

4 Ways Weed Shops Can Keep Their Customers Coming Back

Maine officially rolled out adult-use cannabis sales last October. Arizona, New Jersey, South Dakota, Montana, and Mississippi are all on track to open up shop soon, creating a greater likelihood that we'll see more cannabis dispensaries across the U.S. sooner rather than later. 

According to Zendesk's Customer Experience Trends Report 2020, "nearly three out of four customers (74 percent) feel loyal to a specific brand or company, and more than half (52 percent) will go out of their way to buy from their favorite brands or businesses."

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