Goop CEO and founder Gwyneth Paltrow is the latest Hollywood celebrity investing in the cannabis industry. The actress-turned-wellness guru just announced she’s backing Cann, an cannabis-infused beverage maker.
In the second quarter of 2020, the United States recorded the largest drop in economic output since it began being tracked in 1947. Outside the U.S., many global economic indicators are showing similar signs of distress. Despite the global economic downturn resulting from the COVID-19 pandemic, legal marijuana in the United States continues to post record cannabis sales — effectively weathering the storm.
Hemp farmers will have access to the second round of the USDA’s coronavirus relief plan, which will cost $14 billion and continue through December 11.
Hemp farmers are eligible for expanded U.S. Department of Agriculture coronavirus aid under a $14 billion plan announced by the agency last Friday. The program begins today and runs through December 11.
It will be quite some time before we understand the full impact of the COVID-19 pandemic. But history tells us one important thing: during times of crisis, how an industry is regulated often affects its ability to adapt and survive or even gain advantage.
Two years after legalizing, Vermont lawmakers have reached a final agreement on their proposal for a regulated adult-use cannabis marketplace.
Lawmakers in the Vermont House and Senate came to an agreement last night over legislation to legalize and regulate adult-use cannabis sales. The bill S.54 previously passed both legislative bodies but in different forms. Now, those differences have been reconciled and the bill needs final approval from the House and Senate it heads to the governor’s desk.
Colorado cannabis sales set a record yet again in July, eclipsing $200 million in a single month for the first time.
If you love cannabis, it seems like a dream job to be around it all day, talk about it all day and help people find the best strains to smoke and edibles to eat. Here’s the thing — this dream can become a reality.
Cannabis brought it more than $50 billion in sales and a nearly 80% jobs increase in a recent calendar year. Needless to say, opportunities are abundant.
In the upcoming election, a clutch of U.S. states will decide on the legalization of marijuana.
All told, four states currently have some kind of legalization proposal regarding recreational sale and use on the ballot for the Nov. 3 vote -- New Jersey, Arizona, South Dakota, and Montana. The two most populous states in that group, New Jersey and Arizona, are polling in favor of legalization.
It only takes a little research to understand why investors might get excited about investing in Aurora Cannabis (NYSE:ACB). The bullish case for ACB stock really starts and ends with two simple words: addressable market.
Cannabis businesses will live or die based on whether they can build consumer trust. If customers don’t trust what you’re selling or aren’t sure about your brand, they’re not going to buy from you. But if you can establish a strong baseline of brand trust, you may be able to develop flourishing customer relationships that last indefinitely.
Why is trust so important, and how can you achieve higher levels of trust in your cannabis business?
