More states and local officials are declaring medical marijuana dispensaries “essential” services akin to pharmacies. Essential businesses can remain open even as nonessential companies are forced to close to help contain coronavirus outbreaks.
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California marijuana retailers see sales boom, but coronavirus forces them to address some store closures, new regulations
Cannabis sales are currently brisk at many California marijuana shops as consumers stock up over the fear MJ retailers could shutter indefinitely – but even so, the business fallout surrounding coronavirus has pushed some California MJ firms closer to the brink.
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Adult-use cannabis retailers take stock of inventory, encourage online orders as sales surge during coronavirus pandemic
Recreational marijuana retailers throughout several markets in the U.S. saw a dramatic spike in sales in recent days, according to new data, an unambiguous sign that the coronavirus pandemic is prompting consumers to stock up on products. The run on cannabis stores may come from the fear that marijuana shops will be closed indefinitely, similar […]
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Marijuana businesses pivot quickly to meet demand for home deliveries amid coronavirus worries
Cannabis companies that provide delivery services – including delivery operators and retailers – are seeing a deluge of orders as customers stock up on marijuana products in the wake of coronavirus pandemic concerns. At the same time, these companies are putting into place unprecedented measures to ensure their delivery drivers and customers stay healthy, ranging […]
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Where in the US is marijuana legal?
With state regulations rapidly changing, Marijuana Business Daily is offering one spot where readers can find up-to-the-minute information for markets that allow legal medical and recreational cannabis. This information also is available in each issue of Marijuana Business Magazine.
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Chart: Marijuana brand concentration highlights need for strategic branding, marketing
As most recreational cannabis markets mature, a small number of brands are gobbling up the majority of sales. Brand concentration – where a few brands command most of a segment’s sales – highlights the importance of effective branding and messaging for marijuana companies. “When analyzing the competitive landscape of the cannabis market we often look […]
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Many marijuana companies increase costly sick pay policies due to coronavirus
Cannabis businesses – like mainstream U.S. companies – are extending sick pay provisions in response to the coronavirus pandemic to help ensure employees and customers remain safe and healthy. The measures could prove costly for marijuana companies in the short term at a time when some are struggling financially, but the hope is that stringent health […]
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Colorado cannabis retailer voluntarily closes over coronavirus concerns after spike in customer traffic; similar closures could follow
Fort Collins, Colorado, cannabis retailer Organic Alternatives closed voluntarily on Monday over concerns about the spread of the coronavirus – and many more marijuana shops likely could do the same soon despite the loss in sales they’ll experience. Concerns around marijuana retailers closing also could lead to a run on cannabis stores, where consumers buy out products over fears that business will remain shuttered.
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Wholesale cannabis flower prices in Massachusetts climb on mounting demand, sluggish supply
Prices for wholesale cannabis flower grown for Massachusetts’ recreational market are some of the highest in the nation, as the state’s producers slowly ramp up production to meet roaring demand.
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Business takeaways from Illinois’ first day of legal adult-use cannabis sales
As more and more markets across the United States have legalized marijuana sales, experienced cannabis retailers have come to expect certain speed bumps on launch day.
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Week in Review: Coronavirus’ effects on marijuana firms, Tilray plans $90M raise, Maine aims to tackle illicit MJ & more
Marijuana retailers, vape product suppliers and MJ industry conferences and trade shows are among the cannabis businesses dealing with challenges related to coronavirus. MJBizDaily takeaway: On the supply side, businesses that rely on cannabis vape products sourced from China are feeling the strain, as are manufacturers that use Chinese companies to provide packaging. But many are looking […]
Read MoreMarch Issue
Limited advertising opportunities for cannabis brands means a customer focused strategy.Read the Issue