Author: News Room

The cannabis industry is officially mainstream and entrepreneurs from other sectors are stepping into the space. While seasoned professionals bring business knowledge, they often need a crash course in cannabis education — this is where digestible educational resources like The Cannabis Cutie play a valuable role. Ganjapreneur recently interviewed The Cannabis Cutie founder Tammy Pettigrew, who started building the educational platform through social media to better inform people about the power of cannabis. She is also working to break the stigma associated with cannabis through her courses, e-books, and book club, inspired by her mentor Snoop Dogg, who himself introduced…

A recent survey by the National Cannabis Industry Association (NCIA) and Whitney Economics found that 37% of cannabis businesses in the U.S. are not profitable. Of the 396 cannabis businesses around the country that were surveyed, only 42% were found to be profitable while 21% felt their investments were breaking even, according to the survey results. The NCIA survey highlights some specific challenges facing the industry, like competition from the illicit market and over-taxation. Additionally, lack of access to banking and price volatility were noted as potential stumbling blocks for cannabis entrepreneurs, the report says. “I think we’re in the…

A Michigan cannabis company is adding beeswax tips that contain wildflower seeds to their pre-rolls, so when it is discarded it can plant a flower, according to a FOX 2 report. Jeff Dotson, president of Golden Shores Cannabis Co., said the seeds contained in the tip are for a “very hearty plant” that will “grow in almost any kind of soil.” It is the only Michigan company to include wildflower seeds in the tips of their pre-roll. Jimmie Caudill, the director of sales at The REEF in Detroit, one of several locations that sell Golden Shores’ products, said the product…

As congressional leaders work to finalize a marijuana banking and expungements bill that they hope to pass during the lame duck session, a federal agency has released new and expanded data on the state of banking in the cannabis industry under the prohibitionist status quo. The Financial Crimes Enforcement Network (FinCEN) has been tracking cannabis banking trends for the better part of the past decade. And this week, the agency released a new comprehensive spreadsheet that provides updated details about how many financial institutions are working with marijuana businesses, including a state-level breakdown for the first time. At a top…

Helpful tips for avoiding a nickname like “The Scorcher.” As with any culture, weed culture has its customs, too. Long-time weed lovers learn a lot of these customs from experience, trial and error, or from good friends. But here at Leafly, we wanted to ensure cannabis’ newcomers were also prepared to sesh with the best of them. While a huge part of being a stoner is what comes naturally, there are still a few things you want to avoid in a social setting. In other words, you don’t want to commit a weed faux pas. faux pas |fō-ˈpä| (noun): a…

St. Louis, Missouri Mayor Tishaura Jones on Tuesday came out in opposition of the ballot initiative to legalize cannabis in the state, describing the proposal as inequitable and once it’s in the state constitution, “it can be difficult to alter,” the Missouri Independent reports.  “If we choose the path of a constitutional amendment to resolve the matter of legalization, it would have to be forward-thinking, flexible and most of all, equitable. This amendment fails to meet that lofty aim. Simply put, legalization does not equal decriminalization.” — Jones, in a statement, via the Independent Jones’ opposition comes about a month…

The sustainability problem in cannabis is no secret, and packaging is one of the industry’s biggest waste contributors. O’Neil Rudolph is Founder and CEO of cannachange, a sustainability-focused app that helps users work with dispensaries to address the cannabis industry’s packaging waste problem. “I’ve always had an interest in how tech and innovation can help push sustainability initiatives,” Rudolph recently told Ganjapreneur. Rudolph grew up in Colorado where she was able to access medicinal cannabis when she was 18. Soon after dialing in her medical consumption the 19-year-old entrepreneur had noted the waste that her medicinal use was creating: “That…

The Pennsylvania Senate Banking and Insurance Committee on Wednesday advanced legislation to allow state-legal cannabis businesses better access to banking, finance, and insurance services. The measure, sponsored by the committee’s chairman, state Sen. John DiSanto (R), and its Minority Chair Sharif Street (D), would not require banks to serve the industry but would provide them safe harbor for institutions and would allow state cannabusinesses to deduct ordinary business expenses on their Pennsylvania taxes. “Access to financial and insurance services is essential for operating any business and it is against the public interest to relegate a multi-billion-dollar industry to deal in…

The cannabis industry has been on the rise for over a decade, exceeding many growth projections. The Covid-19 pandemic highlighted just how far the industry had come when many government officials opted to declare dispensaries “essential businesses.” Not only did the pandemic impact industry growth from a revenue standpoint, but it also pushed cannabis businesses to explore new acquisition and retention channels, specifically those related to digital marketing. Cannabis Becomes Essential Legal cannabis sales in the United States passed $17.5 billion in 2020, a 46 percent increase over sales in 2019. For many Americans, stocking up on marijuana was as…

When Humboldt State University journalism major, Ingrid Hart, created the Humboldt Honey in 1983, she had no idea the young woman pictured wearing the uniform we’ve all come to know as part of the culture of cannabis would cause such a stir, or continue to be relevant to this day. In the early 80s, posters posing the questions “Are you a Nerd?” or “Are you a Valley Girl?” were doing the same thing, detailing the wardrobes of a nerd from the film Revenge of the Nerds, or Moon Unit Zappa’s one hit wonder, Valley Girl, inspiring Hart to bring the…