Business Resources for Cannabis Companies
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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To succeed and cultivate value, cannabis companies must adapt to the new realities of the marketplace to be well positioned for continued growth after the pandemic subsides.
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Congress established the PPP to provide relief to small businesses during the coronavirus pandemic as part of the CARES Act. PPP funds are available to small businesses that were in operation on Feb. 15 with 500 or fewer employees, including not-for-profits, veterans’ organizations
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From time-to-time CannaBizCentral Highlights key industry executives in key Cannabis companies
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Instagram has exploded as an essential social media tool that can help you promote your brand and keep you connected to companies that offer the latest tech trends and industry insights your business needs to stay fresh.
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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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