Franchising Social Equity

Curio Wellness, a vertically integrated Maryland medical cannabis company, gives us an example of how this franchising model could operate. Curio created a social-equity fund that would allow applicants to own the franchise. The 30-million-dollar fund will be able to provide up to 93 percent of the startup capital needed for a location, meaning that the applicant needs much [...]

By | May 4th, 2022|Uncategorized|0 Comments

Marijuana industry will add nearly $100 billion to US economy in 2022

When considering whether to approve a regulated marijuana industry, advocates often tout the broader economic benefits of the additional tax revenue created. But the beneficial impact exceeds just tax dollars. The total U.S. economic impact from marijuana sales in 2022 is expected to reach $99 billion – up more than 20% from last year – [...]

By | April 12th, 2022|Uncategorized|0 Comments

Why did the cannabis industry blossom during the pandemic?

The Covid years have been very good for the cannabis industry. According to cannabis market research firm BDSA, global legal cannabis sales in 2020 were 45% higher than in 2019, with several leading cannabis companies reporting triple-digit growth in revenues in 2020 over the previous year. These included Trulieve Cannabis, Curaleaf, Verano, Cresco Labs, Green [...]

By | April 7th, 2022|Uncategorized|0 Comments

Maryland Woman Earns Degree In Medical Cannabis After Treatment Dramatically Helped Her Autistic Son

 Ian Wright was born severely autistic. By the time he was 25 he was on 15 medications and almost catatonic, his mom Michelle Wright said. She said medical cannabis changed Ian and his family’s life. Michelle is so convinced of the medicinal benefits of cannabis she earned a Master of Science in Medical Cannabis Science [...]

By | February 25th, 2022|Uncategorized|0 Comments

Congressional Committee Discusses Challenges Marijuana Businesses Face In Economic Recovery From COVID

A congressional committee held a hearing on Thursday to address the unique financial challenges that small and minority-owned businesses face as the economy recovers from the COVID pandemic—with a particular focus on how those struggles have played out in the marijuana industry under federal prohibition.The House Financial Services Subcommittee on Consumer Protection and Financial Institutions, [...]

By | February 17th, 2022|Uncategorized|0 Comments

Maryland cannabis businesses share their hopes for the industry in 2022

2021 was a big year for Maryland’s cannabis industry. The state now has roughly 150,000 patients signed up for its medical cannabis program and regulators estimated in December that industry revenue in 2021 would clear $600 million. More multi-state operators are entering the market here and adult-use recreational cannabis is expected to be a major issue in the upcoming [...]

By | January 3rd, 2022|Uncategorized|0 Comments

Low-tech storage solutions can help outdoor cannabis producers conserve water

Water isn’t getting any easier to find in parched Western U.S. states, so outdoor marijuana and hemp producers are looking for solutions that will help them get through the season. Even when the West isn’t embroiled in a record drought year, water use is often restricted for cannabis cultivators, said Julie Jacobson, CEO of Aster [...]

By | September 30th, 2021|Uncategorized|0 Comments

US House passes cannabis banking reform as part of defense legislation

The U.S. House of Representatives passed a defense budget bill Thursday night that includes landmark legislation to make it easier for banks to serve cannabis businesses, but it appears a long shot that the U.S. Senate will follow suit and approve some form of the SAFE Banking Act. The full House passed the National Defense [...]

By | September 23rd, 2021|Uncategorized|0 Comments

How marijuana companies are combatting the effects of climate change

From wildfires to drought to hurricanes, a changing climate means more extreme weather for cannabis companies up and down the supply chain. But no one is more directly impacted by these changes than marijuana growers. Depending on where a grow operation is located, the challenge that climate change presents is different. Read more via MJBizDaily

By | August 29th, 2021|Uncategorized|0 Comments

The quagmire of marijuana interstate commerce

A month has now passed since Senate Majority Leader Chuck Schumer, alongside Sens. Cory Booker and Ron Wyden, introduced a far-reaching marijuana reform bill dubbed the Cannabis Administration and Opportunity Act. The reception to the bill has been underwhelming, with both marijuana advocates and opponents lobbing criticism at the bill from all angles. Read more via MJ Biz Daily

By | August 24th, 2021|Uncategorized|0 Comments