Five 2023 predictions from cannabis executives
1. “As we look ahead towards 2023, there are some key themes we’re tracking at Jane. Consolidation will be a natural evolution of the market, and will impact stakeholders across the entire value chain. Tighter market conditions will require advertisers to stay disciplined with where they commit their resources – and it will put a…
Read MoreCannabis operators are more optimistic about 2023 than traditional business operators
Vangst released a new report analyzing the impact of a potential economic downturn on cannabis businesses. As a whole, cannabis business owners are more optimistic about how they might perform in a recession than traditional business leaders. While this does indicate the tenacity of cannabis operators, I do have to wonder how realistic these predictions…
Read MoreBrittney Griner released from Russian prison
News broke this morning that Brittney Griner was released from a Russian prison in a prisoner swap with Viktor Bout, a Russian arms dealer convicted of conspiring to kill American citizens. Brittney Griner was convicted of drug charges after bringing less than one gram of cannabis vape oil into Russia allegedly by accident, according to…
Read MoreIs this the end of cashless cannabis?
Cashless cannabis ATM crackdown The cannabis industry is full of workarounds, and honestly, who can blame us? But some workarounds aren’t without consequences. That’s exactly what’s happening with cashless ATMs. Some of the largest processors of ATM transactions, like NCR’s Columbus Data Services, have shut down certain services’ abilities – leaving some dispensaries unable to…
Read MoreSmall cannabis businesses make most of the revenue in the U.S.
Small cannabis businesses make most of the revenue in the U.S. The cannabis industry is in a battle of the companies. Small cannabis operators are passionate about keeping cannabis small. And oftentimes, multi-state operators are painted as cold, heartless corporations who don’t care about their people. 🤷♀️ Believe it or not, small businesses make up…
Read MoreKansas Senator recommends “proceeding with caution” over medical cannabis legalization
Sen. Virgil Peck, Republican Senator of Kansas, said he had a revelation in the shower over cannabis legalization. The concern for workforce development“I didn’t think of it until taking a shower this morning, about 7:30. It came to me that that plays into workforce development,” he said. Sen. Peck explained that employers aren’t willing to…
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