While many people think of the cannabis industry as a new and emerging industry, its rapid growth is pushing the industry towards maturation. As new competitors emerge, cannabis executives face a tremendous amount of pressure to find ways to innovate and compete. Strict government regulations pose additional challenges as executives try to…
While the cannabis and marijuana marketplaces are continuing to explode exponentially, some investors and business partners are overlooking the tremendous growth and opportunities found in the hemp industry. According to experts, while cannabis itself, marijuana, and hemp plants all belong to the same species, they're different when it comes to…
The modern-day cannabis industry is marked by a progressive mindset. From the progressive politics that have made legalization a reality across many states, to the intrepid financial institutions that invested in the market well ahead of the curve, the cannabis industry thrives on progress. Now, forward-thinking outfits can add AI, machine…
Now that cannabis is legal in almost every state in America either for recreational or medicinal purposes, businesses and investors are taking a much closer look at this rapidly rising industry. Recent statistics share some eye-opening figures and numbers in the marijuana marketplace including: California and Colorado already have sales topping…
Supply and demand is a fundamental concept of capitalism. Ask any Econ 101 student to explain these ideas to you, and they could probably go on about it for some time. What is interesting about supply and demand is how they can be seen interacting with one another in our…
While cannabis use has gained acceptance on a state-by-state basis, it is still considered a controlled substance on the federal level. That makes for complications in both the legal and financial arena. Nearly every American banking institution is federally backed by the FDIC. Therefore, securing a loan falls under federal…
COVID-19 left virtually no corner of American life unscathed. It has affected our health, relationships, and economy. Regardless of their respective industry, business owners had one of two choices once the pandemic hit: take no action and pray that their business would survive or figure out a new way of…
Society has a stereotypical image of the common cannabis producer: small-scale, local growers composed of hippies and artistic types who care as much about the environment as they do about the quality of their product. With legalization taking hold in an ever-increasing bevy of states, cannabis production has proliferated rapidly,…
If there is a most overused word of the year, it's got to be "Automation" (in business, at least). It has infiltrated every conceivable industry ranging from logistics to telecommunications. Its popularity is being driven by a number of issues, not the least of which is the pandemic. One market…
Cybersecurity is a topic that's always on everyone's mind, no matter the industry. In the field of cannabis, it has some added concerns due to the requirements of keeping track of cannabis buyer data in all states. At stake is the profitability of the cannabis industry. Without proper data security…
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