Tools of the Trade

Membership in cannabis trade associations has skyrocketed over the past decade, thanks to the industry’s explosive growth. And many industry executives endorse such groups as a way to communicate business-related issues to lawmakers and regulators who influence policy. Yet, while membership helps further the industry’s … [Continue]

Research Project

The U.S. Food and Drug Administration is approving a growing number of applications from cannabis companies looking to conduct clinical trials studying medical marijuana. That development could lead to multiple cannabis-based medicines—including flower—receiving FDA approval to be commercialized and sold within the next five years. … [Continue]

Beyond Impossible

Necessity, they say, is the mother of invention. Just ask Carla Boyd, who first started cooking with hemp ingredients to manage food allergies and eventually launched a company built around her recipes. A lot has changed since Boyd founded Evergreen, Colorado-based Hemp Way Foods in … [Continue]

Chain Link

Building a franchised company around the rapidly growing cannabis industry seems like a natural fit—it can be a quick way for newcomers to get started with an established brand. But because both marijuana and franchising are so heavily regulated, marrying the two is likely to … [Continue]

Lessons From Opening Day in Illinois

As marijuana legalization spreads across the United States, retailers experience a range of logistical issues on their first day of sales—particularly in markets with newly legal cannabis sales for recreational use. That trend was on full display on New Year’s Day in Illinois, which had … [Continue]

Limiting Your Liability

CBD manufacturers risk paying thousands of dollars in legal expenses if they lack insurance to deal with rash-inducing topicals, exploding vape pens and other problems connected to their products. Cannabis companies, regardless of their size, could benefit from having at least some product liability insurance … [Continue]

Winners’ Circle

Some of the cannabis industry’s most recognizable faces turned out Dec. 12 for the MJBizDaily Awards at The Cosmopolitan Hotel in Las Vegas. The awards gala honored everyone from businesses considered international “game changers” to U.S. leaders in retail, cultivation and infused products—plus companies notable for … [Continue]

Cash Cow

Large multistate marijuana companies increasingly are turning their real estate into quick cash that provides a valuable source of funding. They’re doing so by selling cultivation, processing and storage facilities—and, in some cases, retail stores—primarily to cannabis-focused real estate investment trusts, or REITs. In exchange … [Continue]

Making Your Products Pop

Cannabis producers, edibles makers, vape companies and other suppliers seeking to make their products stand out on marijuana retailers’ shelves often turn to pop-up displays within stores. Creating a pop-up—or temporarily setting up a sales outlet inside a marijuana retailer—gives product suppliers a way to … [Continue]

6 tips to avoid cannabis industry layoffs by the experts

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 job cuts ranged from California companies such as multistate … [Continue]