By Marijuana Business Daily staff The Green Rush is alive and well. Roughly 53% of cannabis-related businesses either launched in 2014 or are in startup mode now, underscoring intense entrepreneurial interest in the industry, according to preliminary data from...
By Noel Remigio Many dispensaries and retail stores open in a rush, with the owners focused squarely on supply chain, regulatory and licensing issues. As a result, they overlook a critical element of success: retail design. I've seen some ineffective - and even truly...
By Jennifer Mann Last year was a significant one for cannabis investments. U.S.-based private equity firms, venture capitalists and major angel investors pumped $95 million into marijuana businesses in 2014 via 59 recorded deals, according to data from CB Insights....
Marijuana Business Media has launched its annual survey of cannabis professionals to gather key financial, operational, business and market data about the booming MJ industry in the United States. Cannabis business owners, executives, investors and entrepreneurs can...
By Jennifer Mann If the recent past is any indication, the cannabis industry should be optimistic for legalization of both medical and recreational marijuana at the state level in 2015 and beyond. Over the last five years, a whopping 16 cannabis legalization measures...
In June 2013, the governor of Nevada signed into law a bill allowing for licensed medical marijuana facilities in the state.
Scores of entrepreneurs from both Nevada and existing MMJ markets rushed to get involved, establishing partnerships, writing up business plans and applying for licenses. Yet here we are in 2015, and not one licensed medical cannabis business
By Jennifer Mann The difficulties dispensaries and recreational cannabis stores face on the banking front are well documented. Although the federal government issued guidance early last year on how banks can work with the industry, the vast majority of financial...
By Jennifer Mann With electricity bills for marijuana grow facilities running thousands of dollars a month in some cases, understanding how energy usage breaks down is the starting point to controlling costs. Just three areas – lighting, air conditioning, and...
By Jennifer Mann Good news for medical marijuana companies hoping to open their doors in Nevada next year: The customer base is growing rapidly as dispensaries move closer to becoming a reality. The number of registered medical cannabis patients in the state has...
By Jennifer Mann
How much can a big holiday impact recreational cannabis companies?
A lot, as evidenced by a breakdown of overall recreational cannabis revenue in Washington State over the course of an average week vs. Thanksgiving week.
Sales hit $3.65 million during the holiday week this year, up about 30% from $2.8 million for the average week between September and the end of November, according to data from the state. The numbers include sales generated by retail stores, producers and processors.
By Jennifer Mann If you want to get an idea of which medical marijuana states offer the best business opportunities, take a look at the density of MMJ patients relative to the population. States with a higher concentration of patients often have thriving MMJ markets...
It seems many in the marijuana industry operate with a “one foot out the door” attitude. Many hope for a huge buyout from either the big brewers/distillers or the pharmaceutical companies. But the odds of that happening anytime soon are next to zero.
