Business

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.

Industry sets another new state record

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.

There could be a lot more smoking going on in New Jersey, Arizona, South Dakota, Montana, and Mississippi after the November vote.

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.

Buying ACB stock right now requires more than patience

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?

A couple of months ago, I discussed several reasons to be bullish on cannabis stocks, including soaring demand, a potentially friendlier federal government and a likely increase in the number of states legalizing cannabis for adult-use. Since then, demand has remained robust in both newer markets out East and more mature markets in the West.

“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.

To quote Kenneth Morrow in his piece “What to do with Surplus Cannabis” from Cannabis Business Times' August 2020 issue:

In 2019, the bubble well-and-truly burst for pot stocks, sending many investors running for the hills. Now, it looks like we're seeing the cannabis industry rally back up.