Connect with us

Article

‘We’ll Prove That We Are Essential’: Massachusetts Recreational Marijuana Allowed to Offer Curbside on May 25

CommCan Inc. lost about $2 million in roughly two months. NETA saw sales drop by 85% due to the shutdown of recreational marijuana amid the coronavirus pandemic. Good Remedies experienced similar drops while laying off about 70 employees. While other s…

Published

on

CommCan Inc. lost about $2 million in roughly two months. NETA saw sales drop by 85% due to the shutdown of recreational marijuana amid the coronavirus pandemic. Good Remedies experienced similar drops while laying off about 70 employees. While other small businesses could apply for Paycheck Protection Program loans, the marijuana industry was shut out because it’s still illegal on the federal level. Monday’s announcement by Gov. Charlie Baker, which allows recreational marijuana stores to…

Continue Reading

Article

The Challenge Of Building Credit In The Cannabis Industry

Businesses need funding to grow. Securing funding isn’t as easy as a walk down to the local bank, however. To receive a loan or a line of credit, a business must demonstrate a financial history record that portrays how trustworthy it is with money. No …

Published

on

Businesses need funding to grow. Securing funding isn’t as easy as a walk down to the local bank, however. To receive a loan or a line of credit, a business must demonstrate a financial history record that portrays how trustworthy it is with money. No one is going to lend to a stranger. So, how do you demonstrate good credit? In particular, how does a cannabis business demonstrate credit when credit companies shun the industry?…

Continue Reading

anxiety

A Guide For Canadians Looking To Try Cannabis This Valentine’s Day

Wondering what to buy? “Flowers, duh!” says budtender Katie Lake… but with a pot twist. “In high school, my nickname was Miss Bakes. I guess it’s true what they say; old habits die hard,” says Katie Lake, who is currently working as a budtender at Sh…

Published

on

Wondering what to buy? “Flowers, duh!” says budtender Katie Lake… but with a pot twist. “In high school, my nickname was Miss Bakes. I guess it’s true what they say; old habits die hard,” says Katie Lake, who is currently working as a budtender at Shop Cori, a cannabis store located in Toronto. “Initially, working in the cannabis industry was supposed to be a temporary gig,” Lake says in an email. The transition occurred as…

Continue Reading

Article

How One Social Equity Advocate Helped Land $4 Million To Rectify Colorado’s War On Drugs

In Colorado, approximately 87% of cannabis business owners identify as white. But in the first state to legalize adult-use marijuana sales, that figure might finally drop with the state dedicating $4 million in new funding to advance industry involveme…

Published

on

In Colorado, approximately 87% of cannabis business owners identify as white. But in the first state to legalize adult-use marijuana sales, that figure might finally drop with the state dedicating $4 million in new funding to advance industry involvement for communities negatively affected by the War on Drugs. Originally conceived as the Cannabis Opportunity Program and recently renamed as the Cannabis Advance Program (CAP), the proposal was co-written by the Colorado Office of Economic Development…

Continue Reading

Trending