Marijuana legalization laws have failed numerous times in New Jersey. Even though the state is smaller, there’s a lot of support to legalize recreational marijuana this year. A recent poll by Monmouth University showed that 62% of adults in New Jersey favor recreational marijuana legalization. This year, lawmakers hoped to put the proposal on the ballot.
Amid a growing wave of criticism, it’s essential to keep in mind the bipartisan advantages of the cannabis industry, including the charity of several businesses. Cannabis is a proven medicine with distinct economic benefits and a giving community.
For much of the past half-decade, marijuana has been one of the fastest-growing industries. After generating $3.4 billion in worldwide sales in 2014, global weed sales more than tripled to $10.9 billion by 2018. According to various Wall Street estimates, worldwide pot sales should hit $50 billion on an annual basis by 2030, with North America generating the bulk of this revenue.
As a business coach, I've worked with dozens of cannabis businesses on growth strategy and business operations.
Ten senators today joined 34 members of the U.S. House in calling for the ability of the nation’s cannabis companies in states that are “legal” (for medical or adult use or both) to access any upcoming Small Business Administration (SBA) relief funds during the current COVID-19 pandemic.
We’ve been fortunate to have had a front-row seat to witness the emergence of the legal cannabis industry in the media over the past several years. Back in 2015, we started to get approached by emerging cannabis brands that were looking to destigmatize the perception around their products, and more importantly, bring a greater level of objective reporting around the industry as a whole. At the time, most of these brands were well-reputed in niche cannabis industry circles, but were looking to take the next step and achieve mainstream awareness.
Florida farmers are hoping the state's new hemp program will help them rebound from a virus-sullen growing season.
Lawmakers signed off of the growing and sale of hemp last year. Since then, farmers have been waiting for the completion of rulemaking and federal approval for months. They received it late last week. Florida is now slated to start accepting applications for industrial hemp growing licenses Monday.
