Legal marijuana could become less of a strain on Colorado's environment if the pot industry embraces a new set of waste removal and packaging rules — but not without a three-way tug-of-war between saving money, preventing black-market sales and encouraging environmental sustainability.
There has never been a more crucial time to automate your cannabis operation. With the COVID-19 crisis settling in for the long haul, businesses are starting to think about how to increase efficiency and profit, while operating a facility safely and comfortably for workers and managers.
As the cannabis sector becomes more competitive, the margins get tighter, and the manufacturing and production environment encounter new challenges, businesses must embrace automation to survive.
Need convincing? Here are the top five reasons to automate your cannabis business now.
Nothing in 2020 has gone according to plan, and cannabis legalization is no exception. According to Vox's criminal justice and public health reporter German Lopez, at least 18 states were predicted to legalize cannabis to some degree this year, either through their legislatures or via ballot measure. 2020 was supposed to be a big year for cannabis legalization.
And then COVID-19 happened.
The demand for marijuana is high. Cannabis companies are ready with a variety of products. So what's preventing the legal cannabis market from reaching its full potential? Estimates by Grand View Research show that the global legal marijuana market could be worth $73.6 billion by 2027. And growth is quite evident from the surge in cannabis sales amid the coronavirus pandemic.
Wall Street analysts say a Democratic sweep in November that puts Joe Biden in the White House and the party in control of the Senate could be a boon for cannabis stocks. Analysts at CIBC and Cowen picked seven stocks to bet on that would benefit investors if the Democrats win, including Green Thumb Industries, Curaleaf, and Canopy Growth. As public support for cannabis reform picks up steam in the US, Wall Street analysts say signs are pointing to a turnaround in the formerly troubled sector, especially as a few companies posted solid earnings over the past week.
The entire stock market is looking to the 2020 U.S. Presidential Election for clues to how the next four years will play out. But this election is particularly important for a group of stocks that, under the right conditions, could soar to lofty new heights after the election: marijuana stocks.
Arizona’s Secretary of State confirmed this week that the state’s campaign for a cannabis legalization ballot initiative had submitted enough valid signatures to appear the November ballot.
Arizona Secretary of State Katie Hobbs said on Monday that the cannabis legalization campaign had submitted enough valid signatures to put the question to voters in November.
The USDA's National Organic Program is a great way for brands to stand out from the competition. But getting approved isn't easy.
There is no doubt that the USDA’s organic certification program can increase transparency and trust for your CBD brand. But the audit process is also rigorous—the USDA must review your manufacturing facility design and production process plans with the ultimate goal of increasing supply chain sustainability.
Here are five things every CBD company should know about USDA organic certification:
After nearly a year of next-to-no deal-making, cannabis companies are gearing up for mergers and acquisitions as realistic stock valuations and the prospect of U.S. legalization attract buyers to a sector that has been decimated by oversupply and other issues, executives and investors say.
During the last decade, the legal cannabis industry has made incredible advancements as countries across the globe have legalized or decriminalized the plant. In the US, several of the largest states have legalized cannabis while it remains illegal at the federal level and this has made the investing process more complex.
