cannabis industry

As President Donald Trump‘s tariffs shake up domestic industries and rip up longstanding trade agreements with countries near and far, a certain billion-dollar industry might ultimately find itself in the green. If you guessed the cannabis industry, go to the head of the class. Derek Chase,...

Cannabis has long been trending as a global product, providing regional players opportunities to reach outside their home countries and expand to international markets. Australia has fantastic cannabis growers, producers, brands, and clinics, and those companies looking to stretch across the seas...

Chief executive officers at the largest cannabis companies by revenue have moved past the $400,000 base salary threshold with annual salaries topping $416,000 —almost ten times what mid-level managers in the industry make, according to a new report from executive search and...

Last Week’s Viridian Chart of the Week explored the relative capital intensity of cannabis compared to other industries that cannabis, including alcohol, tobacco, pharmaceuticals, and CPG. The results established that cannabis is the most capital-intensive of these industries in terms of...

What intricate interplays of manufacturing strategies and market dynamics hold the key to enhanced return on investment (ROI) within the cannabis supply chain? This strategic approach not only caters to diverse consumer preferences but also holds the potential to amplify profitability and open...

By Liesl Bernard  In April, I published an article in Benzinga encouraging cannabis companies to focus more on retaining top talent given recent layoffs fueled by inflation, lagging federal marijuana reform, and the lack of funding for cannabis companies.  One of the best practices I...

In the era of digital transformation, artificial intelligence (AI) has emerged as a revolutionary force, and OpenAI's ChatGPT stands out as a transformative tool for the cannabis industry. With the ability to revolutionize operations, enhance customer support, and provide valuable market...

Challenges including regulatory uncertainty, banking limitations, oversupply, and fragmented state-by-state markets have significantly hindered the growth, profitability, and operational efficiency of cannabis companies, leading to bankruptcies in the industry. But, what if in this “on-sale...

If you have been halfway paying attention to what’s been going on in the cannabis industry over the past year or so, you know that the industry is, shall we say, in a bit of a slump.  From 48% growth in 2020 to 42% growth in 2021 to a comparatively sluggish 7% growth in 2022, it’s...

Oversaturated markets and dwindling funding are putting a damper on the cannabis industry’s job market. As of early 2023, there were 417,493 jobs supported by the legal cannabis industry, a 2% drop from a year ago, according to the 2023 Vangst Jobs Report. It’s the first time in the...

Because the cannabis industry is young and rapidly growing, there is a tendency for businesses to be lax in their partnerships and see a handshake as “good enough” when it comes to sealing the deal. As founder of a law firm specializing in cannabis law and policy providing legal...

High Tide Inc (NASDAQ: HITI) shares climbed higher Friday on continued momentum after the company announced Thursday it would release its financial and operational results for Q2 of 2021 after market close on June 28, 2021. Friday the stock was trending on social media sites such as...

Sundial Growers Inc. (NASDAQ: SNDL) shares gapped up Wednesday morning and have since fallen after the company released its earnings report Tuesday. The company reported earnings of $1.7 million compared to a loss of $32.7 million in the previous quarter. The company released EBITDA of $3.3...

The merger between Tilray Inc (NASDAQ: TLRY) and Aphria was a “perfect match” and the entity could generate pro-forma sales growth of 33% between fiscal 2021 and 2024, according to Jefferies. The Tilray Analyst: Owen Bennett upgraded the rating for Tilray from Underperform to Buy, while...

TAKEAWAY:  • With two full years of public company disclosures, we provide a detail analysis that suggests minimum federal excise tax of 10% upon the end of federal prohibition.  • The MORE Act currently includes a 5% excise tax (with a gradual increase to 8% over three years)...