This year’s initial pullback on venture funding was at first an acknowledgement that no market can support endless quarters of negative company earnings, regulatory uncertainty, and legal challenges. Now that COVID-19 has shaken the world, it’s clear the cannabis industry will have to respond in unique ways to finding capital, too, as investors remain cautious.
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When you’re hiring budtenders, you’re placing your company in a stranger’s hands. The new employee will either help your brand or hinder it, impress your customers or drive them away. Moreover, the new budtender will uphold your compliance record or let it slip into disastrous violations.
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In June 2019, Gov. Kate Brown signed legislation that would allow Oregon to make agreements with other states to import and export legal cannabis, but only if federal law changes to expressly permit the practice.
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Hemp-derived THC products technically may not violate federal criminal law because they fall within an unintended legal loophole, but they certainly violate the spirit of federal law and should be handled with extreme caution until THC is formally removed from the CSA
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There are a few ground rules that cannabis businesses should follow during this ongoing crisis to keep their social media engagement metrics as high as their loyal customers, while remaining in compliance with the strict rules for cannabis marketing. It’s been clear for years that social media marketing is one of the most cost-effective ways for a business to reach customers and prospects. However, when it comes to cannabis and cannabis-related businesses, serious social media challenges are everyday occurrences.
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Online video marketing is a must for cannabis businesses and cannabis-related businesses in 2020. As online video watch time continues to increase, brands that get on board now and start producing, publishing, and promoting useful, relevant video content will be in a position to win in the future. Will your brand be one of them?
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The ancillary cannabis market operates behind the scenes. It is made up of companies involved with the packaging of cannabis products, the provision of cash streaming to up-and-coming cannabis businesses, and the development of hydroponic technologies for the growers plus legal services and benefits providers.
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Today, the scientific race is on to study specific cannabinoids other than THC or CBD as treatments for illnesses such as epilepsy. And the commercial race is on to provide those cannabinoids to research institutions.
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Nevada District Court raises concerns due to the court refusing to enforce a loan agreement that was legal under Nevada state law on the basis that it violates the Controlled Substances Act (CSA).
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if a business borrows funds under a PPP loan, spends the loan proceeds in the manner prescribed by the CARES Act and SBA guidance, and the PPP loan is forgiven, it is not clear whether these expenditures would be deductible for federal income tax purposes.
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