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An eye-opening survey from Cowen and Co. outlines how an increase in marijuana consumption has translated into losses for both the alcohol and legal cannabis industry.
Getting into the legal cannabis industry can be an expensive endeavor. The best growth opportunities are the ones that companies can defend even during periods of extreme market change.
Think Big, founded by Biggie Smalls' son, will release cannabis products like pre-roll joints, gummies, vapes, apparel, and more, and will focus on marijuana’s ability to inspire "creativity, contemplation, and healing."
High taxes and restrictions on dispensaries are creating a situation where companies like MedMen are losing money, though the company's also stabbed itself in the foot as of late.
Nextleaf plans to commercialize its intellectual property portfolio by providing B2B processing services to licensed cultivators and supplying cannabis oil and extracts to qualified Canadian and international partners under the client’s own brands.
The report concluded that by the end of 2018, there were 211,000 full-time workers in the cannabis industry spanning both the medical and adult-use side of things, with more expected growth to come.
In an effort to prevent children from getting into their parents' cannabis, industry regulators have imposed strict rules on packaging that go beyond even the regulations imposed on the alcohol trade.
Shifting cultural attitudes and pro athletes advocating cannabis have made it easier for many former sports stars to go green over the past few years.