Business

Cannabis Vending Machines: Gaining Sector Or Passing Trend?

“The evolving retail arena is increasingly competitive and requires rapid innovation,” – Cannapreneur Partners Co-CEO Todd Sullivan.

Cannabis vending machines have been gaining ground in the U.S. and Canadian markets.

In 2014, Vancouver dispensary B.C. Pain Society installed what is believed to be the first assistant-less vending option. Since then, other Canadian operations and legal U.S. markets have followed suit.

The 3 Most Exciting Pot Stocks You're Overlooking

These cannabis stocks aren't getting a lot of attention yet, but they soon will be.

You might not know it by looking at the poor performance of most cannabis stocks over the past 17 months, but marijuana is projected to be one of the fastest-growing industries this decade. With tens of billions of dollars in North American pot sales conducted in the black market each year, Canada's legalization of adult-use weed in Oct. 2018 and a steady stream of state-level legalizations in the U.S. has rolled out the green carpet for illicit users to become legal-channel consumers.

Legal Weed Prices Don't Need To Be Slashed In Order To Compete With Illicit Market

There are other ways to buy legitimate marijuana without making it mega cheap.

The Illegal cannabis market continues to be one of the biggest threats to legal marijuana industry, whether through diverting revenue from licensed businesses or stunting the growth of legal MJ companies across the United States.

Though industry advocates persist in their pitches that legalization – either through new states coming on board or a federal mandate – would put an end to the illicit market, their argument has not come to fruition.

Insurance for Cannabis

 

Full disclosure doesn't come easily to a once illicit industry emerging from the shadows.

Shifting the focus of an industry from allowing no information to escape to requiring absolute transparency is a monumental task. Even with tools to provide excellent data consistently, openness and accurate bookkeeping are yet to be normalized in the cannabis insurance world. 

Why Cannabis Consumers Are an Essential Audience for Mainstream Marketing

It’s time to let go of the couch potato stereotype

Until recently, cannabis operated in the margins of culture and was often dismissed as a fringe industry.

While most businesses closed in the name of public safety amid the Covid-19 crises, a select few were deemed essential businesses and allowed to stay open. That list included health care providers, law enforcement agencies, grocery stores, pharmacies and cannabis dispensaries.

The Legal Cannabis Industry Is Creating A New Workforce Amidst The Pandemic

Despite being a nascent and still federally illegal operation, most states deemed cannabis companies and ancillary services as essential businesses when COVID-19 hit the U.S. Since that time, consumer demand has sustained – if not grown – and patients have been able to continue getting their medicine. Now, the legal cannabis industry is looking towards the future and “new normal” with expanding, legitimized workforces that have kept the industry alive during a national economic downturn.

Cannabis Testing Regulations Are Outdated. Here's How To Fix Them.

Start by understanding what works and what doesn't work.

The cannabis industry has a testing problem — and it may not be going away anytime soon. Why? Inexperienced technicians, unscrupulous labs, outdated testing regulations, and inferior testing equipment all factor into the inconsistencies and false results that plague the business.