How to Manage Risks in the Cannabis Industry

It is no secret that the cannabis industry has a lot of associated risks that business owners need to be able to preempt and take the necessary steps to protect themselves from. There are different types of risks that should be evaluated in order to ensure your business thrives. Here…

Federal Cannabis Legalization: Coming Soon?

The cannabis industry needs federal legalization, and it needs this legislation now. Although cannabis is legal in some form in most states, the lack of federal approval creates many unnecessary roadblocks to success, including problems with financing, insurance, supply chains, investment, etc. The patchwork of state laws is harming the…

Legal Cannabis Landscape Expands as 2020 Ballot Initiatives Pass

Counting ballots for the 2020 election took much longer than usual because many states allowed residents to cast their votes by mail to prevent COVID-19 from spreading. While many races remained in limbo for days, new voter initiatives against cannabis prohibition took an early lead. Voters seem to have made…

Cannabis and Real Estate – The All-Inclusive Guide

The legal cannabis industry started attracting big money during the “second wave of decriminalization.” During the early 2000s, several states decriminalized cannabis possessions for personal use. The plant hadn’t become legal, but savvy entrepreneurs could see the tide changing. By 2012, two states (Colorado and Washington) legalized recreational cannabis. By…

Selling a Cannabis Business – Things to Consider

Selling a cannabis business can generate significant profits that fund future companies or help entrepreneurs find financial freedom. Like selling any type of business, though, owners need to consider several factors before they even start to approach potential buyers. The following guide will help anyone selling a cannabis business make…

Cannabis Business Proving Itself Pandemic and Recession-Proof

Near the end of January 2020, the United States officially entered the longest period of economic growth in the country’s history. Growth had slowed significantly by 2020, but the economy still showed signs of moving forward. At the time, it seemed like nothing could stand in its way. On the other…

2020 Elections, Cannabis, and Increased Demand for Cannabis Real Estate

Regardless of their political party, the majority of Americans support cannabis legalization. According to a 2019 Pew Research Center survey, 55% of Republicans and 78% of Democrats agreed that marijuana “should be made legal.” Overall, 67% of Americans want to see cannabis legalized. Only 32% think that cannabis “should not be…

Directors and Officers Liability Insurance in the Cannabis & Hemp Industries

The legal cannabis and hemp industries have enormous room for growth. One report from New Frontier Data shows that legal cannabis sales will come close to $30 billion by 2025. Despite the potential growth of legal cannabis and hemp sales, the industry is still very young. As a new industry, no one…

Rule Your Extraction Business with an Iron Fist

When it comes to processing cannabis and hemp materials—extraction is one of the most popular methods. All plants are made of chemical compounds, like terpenes/terpenoids for smell and flavanoids for flavor. These compounds are often extracted in plants like lavender, and even your daily coffee or tea is similar. An…