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…
Credit card-related fraud costs the world a staggering $27.85 billion per year with experts projecting a sharp rise over the next decade. Nowhere is credit card usage more ubiquitous than the e-commerce channel. Whether the customer's card is used for a one-time purchase, stored with their favorite merchant, associated with…
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,…
With more people working from home these days, statistics share the pet industry is set to reach the $99 billion mark. This includes everything from the sales of animal foods to toys and veterinary care. These animal-friendly vendors have also successfully made the transition over to the online subscription marketplace…
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…
Once upon a time, the subscription model was relegated to magazines, periodicals, and other in-print publications. Now, customers can subscribe to everything from monthly video game streaming, to champagne, to business-class software. Subscriptions have become so commonplace that as of 2020, 69% of all consumers maintained more than one service,…
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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