Marijuana Business News

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Mon
26
Apr

What Is Sinsemilla And What Does It Mean In The Cannabis Industry?

It is neither a Sativa, Indica, or hybrid. The only aspect that counts when a plant is being termed a sinsemilla is that it must be feminized and unpollinated.

Times have truly changed. In the 1970s almost every cannabis farmer, as well as users, could explain something about sinsemilla.

Now, less than a quarter of cannabis consumers worldwide can give a direct answer to this question, most especially the current generation of users. They have most likely not heard the word before.

Most times, the few that have an answer say ‚Äúsinsemilla is a strain of cannabis,‚ÄĚ but they‚Äôre wrong.

Mon
26
Apr

4 Ways Cannabis Is Becoming A Greener Industry

It’s not easy being green, or is it? In honor of Earth Month, cannabis companies look closely at their environmental impact.

Mon
26
Apr

High Tide Expands Ontario Presence with New Toronto Store

High Tide Inc. (‚ÄúHigh Tide‚ÄĚ or the ‚ÄúCompany‚ÄĚ) (TSXV: HITI) (OTCQB: HITIF) (FRA:2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, announced today that the Canna Cabana retail store located at 2318 Keele Street West in¬†Toronto, Ontario¬†, has begun selling recreational cannabis products for adult use. This opening represents High Tide‚Äôs 85¬†th¬†branded retail location across¬†Canada¬†, and 18¬†th¬†in¬†Ontario¬†, selling recreational cannabis products and consumption accessories. Located within walking distance of¬†Toronto‚Äôsiconic Corsa Italia neighbourhood, the new store is poised to benefit from its location within a densely populated neighbourhood close to popular restaurants and shopping destinations.

Mon
26
Apr

Are These The Best Canadian Marijuana Stocks To Buy Before May? 2 To Watch This Week

2 Marijuana Stocks To Watch Before Next Month

As marijuana stocks still wait for better trading there is still time to build up your investment portfolio. With only a few cannabis companies starting to see better trading now is the time to consider looking for top marijuana stocks to buy. Now there is no concrete way to know exactly when things will rise again. With this uncertainty of when things will recover further investors are looking to prepare themselves for the day that happens. However, like any good investment, you must make sure you do your research beforehand.

Mon
26
Apr

Will This Recently Announced Acquisition Make Canopy Growth Profitable at Last?

Canopy Growth (NASDAQ:CGC) has struggled to break even for years. Under then-CEO Bruce Linton, the company focused primarily on generating sales growth and uncovering more opportunities for the long term. However, now that sales growth is harder to achieve, and the pandemic shining a light on struggling businesses, investors aren't as willing to overlook a poor bottom line.

Fri
23
Apr

Cannabis Companies Begin To Embrace Sustainability

The preference of eco-conscious cannabis consumers to buy environmentally-friendly products has motivated many businesses to clean up their act.

Earth Day 2021 is upon us, and cannabis companies across the industry are mobilizing to take ‚Äúsustainability‚ÄĚ from buzzword to business practice. Earth Day was founded in 1970 by Senator Gaylord Nelson as a national teach-in on the environment to raise awareness about issues like pollution and pesticide use.

While the cannabis industry has long been associated with the word ‚Äúgreen‚ÄĚ, the environmental impacts of production, packaging, distribution and materials sourcing for products like vape pens are often anything but.

Fri
23
Apr

420 Cannabis Holiday Retail Traffic Up 10% in 2021

Cannabis retail traffic was up 9.5%, and sales rebounded 8.4% year-over-year on 4/20, according to Cova Software, the largest Cannabis Point of Sale (POS) company in North America. While major outages plagued several big POS systems, Cova reported its 4th straight year of perfect uptime (100%) and benchmark transaction speeds (1.4 seconds). During peak hours on 4/20, Cova was processing 380 cannabis transactions per minute, and handled over 180,000 transactions for the day across 1,200+ dispensaries.

Thu
22
Apr

How To Increase Your Revenue Beyond 420

What does your business value more: increase in daily revenue or new customer acquisition? To help you understand how to grow your business’ revenue beyond April 20th, we’ve interviewed three dispensaries on what their recommendations are for turning first-time customers into lifelong customers.

Thu
22
Apr

‚ÄėDispensaries knew they had to change‚Äô: How the cannabis industry adapted in the pandemic

The stress levels experienced in the past year caused many consumers to turn to cannabis as a coping mechanism.

That increased interest led dispensaries to bump up their ad spend, adopt the buy online, pickup in-store (BOPIS) model, implement curbside pickup, and even offer virtual consultations. Some dispensaries started or increased local delivery.

But the changes in public life also brought about radical changes in consumer behavior. While 4/20 and the Friday before Memorial Day had been the top two sales days for dispensaries every year of the past five years, they each failed to crack the top five last year, according to Nina Simosko, chief commercial officer at Akerna, a cannabis software company.

Wed
21
Apr

4 Ways to Achieve Longevity in the Cannabis Business

All signs point to 2021 being the year to place your bets on cannabis. With the recent legalization measures in several US states and the reclassifying of cannabis by the United Nations, the industry's stigma is diminishing at an ever-increasing rate. This has encouraged legislators to hasten its legalization at the state level (where it is not already fully legal), and more importantly, at the federal level, where there appears to be a change of heart toward cannabis that followed the new administration into power. While we evolve at a staggering rate, both newcomers and industry veterans will need to focus on longevity and a healthy growth plan to succeed.

As we head into one of the most exciting years for our industry yet, here are our essential tips for success:  

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