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Report Holds Optimistic COVID-19 Recovery View of Cannabis Industry

A new report out examining how the COVID-19 pandemic impacted the U.S. cannabis industry shows consumer purchasing spiked, dropped, then started to stabilize in the time between when things began to unravel for the nation in March until recently.

In other words, it appears that the experience for cannabis, as a product, wasn’t much different from other mainstream products, such as toilet paper, certain foods, and other essentials.

California Cannabis And Taxes: A Shining City On The Coast

It is a fact that the legal cannabis industry has tremendous potential to generate significant tax revenue for states and municipalities in the years ahead. Earlier this year, for example, the California Department of Tax and Fee Administration reported that, from the day legal cannabis retail sales began in January 2018 until January 2020, the state had already collected more than $1 billion in taxes. And those are only state-level taxes.

The Top 4 Cannabis Compliance Complaints And How To Cope

For startups and established businesses, compliance issues can be time-consuming and confusing. But they don't have to be daunting.

Despite the massive growth in the cannabis space over the last decade, the industry is often more heavily scrutinized than other industries. But unfortunately, many cannabis businesses — especially those on a smaller scale — aren’t adequately prepared to deal with compliance issues, putting them at risk of facing heavy fines, losing their licenses, and even going out of business. 

Cannabis investment market has shown resilience and may go higher after US election

A win for Democrat Joe Biden is expected to bode well for medical cannabis businesses in the US

The cannabis investment market has shown its resilience through the coronavirus crisis and the second half of 2020 is looking positive, says Nawan Butt of Purpose Investments

Cannabis is likely to be a key talking point in the US presidential election in November and Butt says a potential win for Democrat Joe Biden would bode especially well for medical cannabis businesses in the US.

Medical Marijuana Just One Step Away From Making Ballot In Nebraska

Heartland voters may get the chance to decide on medical marijuana after an organization gathered more signatures than needed to put legalization on the ballot.

Legal cannabis supporters in Nebraska faced a pandemic and the task of collecting at least 122,000 signatures in a state not known for cutting-edge legislation on marijuana. But in the end, they did what they needed to do to get medical marijuana on the November ballot.

New Mexico medical marijuana industry booming during pandemic

The medical cannabis industry is booming in New Mexico. The industry says the effects of COVID have dramatically increased demand and they’re trying to keep up.

“What we learned was it wasn’t just a New Mexico thing, in fact, the number of transactions have doubled in New Mexico, prices have gone up and the supply is pretty much in a very dire situation, very short,” said Duke Rodriguez, President, and CEO of Ultra Health.