Dodging Downsizing

Six tips to avoid having to lay off employees Layoffs at large cannabis companies made headlines in the second half of 2019, with both plant-touching and ancillary marijuana businesses in the United States and Canada announcing that hundreds of workers had lost their jobs. The … [Continue]

Readying for a Recall

Having a detailed plan in place allows cannabis cultivators to tackle a product recall before it spins out of control No cultivator wants to join the growing list of cannabis companies that have had to navigate a recall because of mold, yeast or some other … [Continue]

Building Brand Loyalty Through Positive Experiences

Cannabis companies use tours, silent discos and coffee carts to replace traditional advertising and get in front of customers Tupperware parties introduced 1950s housewives to the company’s food-storage containers, Ikea has hosted sleepovers to engage its customers, and the vodka brand Smirnoff created a comic … [Continue]

Intelligent Growth

Cannabis producers are using artificial intelligence to cut costs, improve crop quality and yield and handle inventory Technology powered by artificial intelligence (AI) has quickly evolved in traditional indoor agricultural production systems in recent years, as companies have seen the need for growers to use … [Continue]

Marijuana Business Daily 2019 Award finalists announced

Drumroll, please. Finalists for the MJBizDaily Awards are now public. The editorial staff of Marijuana Business Daily and Hemp Industry Daily teamed with a panel of industry experts to select companies from Alaska to Australia as leaders in the categories of Regional Game Changer, Community … [Continue]

How cannabis vape businesses can avoid legal liability

Cannabis vape manufacturers should be preparing for a long legal fight in the coming months. The biggest news in the cannabis industry for 2019 has been the vaping health scare, which has seen hundreds of people fall ill across the country and more than two … [Continue]

Ancillary company banking obstacles in the cannabis industry

Most financial institutions remain leery of providing checking and savings accounts as well as loans to ancillary cannabis companies—even as more states adopt recreational and medical marijuana programs. To improve their odds of securing a banking relationship, ancillary operators can work exclusively with licensed cannabis … [Continue]

Avoiding greenwashing with environmentally friendly practices

Cannabis companies across the country are discovering it’s not easy being green. But in an era that sees consumers increasingly demanding sustainability, the industry is trying to figure out ways to minimize its impact on the environment. Whether they’re growing marijuana or making edibles, cannabis … [Continue]

Compensation plan for your cannabis company to attract talent

A cannabis company’s perk package could mean the difference between attracting the employees and executives needed to grow the business—or losing that talent to industry competitors. Compensation planning forces cannabis companies to take a strategic look at their hiring needs, develop a comprehensive approach around … [Continue]