Virtually all industries follow a predictable evolutionary path, from introduction to growth to maturity to decline.
As the cannabis industry evolves from growth to maturity, it’s no surprise the market is experiencing one of the most common developments – consolidation.
Marijuana and hemp regulatory bodies across the United States are shortsighted in their contaminant-testing requirements for cannabis and cannabis-derived products.
The expectation is that contaminants will be identified, quantified and effectively removed from the supply chain if the contamination is significant or exceeds specification levels.
Early in the COVID-19 pandemic, the existential crisis was clear – the coronavirus threatened the fabric of society and many businesses’ ability to continue to operate normally.
Marijuana was hit particularly hard: Up to 95% of cannabis vaporizer components were suddenly closed off; other supplies key to business continuation were squeezed as well, particularly when single source suppliers were involved.
Shannon O’Brien, a former treasurer and Democratic candidate for governor in Massachusetts, was appointed chair of the CCC by the current state treasurer, The Boston Globe reported.
These are wonderful times for economists to fret about recession and for doomsayers to point at slowdowns, consolidation and commoditization in the cannabis industry.
Following up on my previous column on what a mission statement is, why it’s important and how it can be a powerful management tool, let’s now look at a practical approach to creating a mission statement.
While every organization has a mission, not so many recognize its value and fewer articulate it.
How much is too much overhead is a trick question. Focus on overhead as a ratio, as a percent of revenue, not an absolute dollar amount.
Corporate earnings reports might not seem like the most thrilling reading, especially in a dynamic industry such as cannabis.
Even so, Wall Street earnings releases are worth your time – both for what they can tell you about our industry and how they can help you craft better financial communiques.
As cannabis becomes more mainstream to all consumers, so does its availability to companion animals. With so much confusion around cannabis, that’s a problem.
We evaluate the likely impact a recession might have on the U.S. cannabis industry as well as individual businesses.
Aurora Cannabis has arranged new financing via a “bought deal.”
What is that, and is it important to all cannabis entrepreneurs or just the large operators?
Let’s take the deal apart to find out.
