Category: Features

Amazing Retailers – People’s OC

August 21st, 2018

Just a few years ago, it seemed most cannabis retailers had the same hole-in-the-wall feel, designed to fly under the radar and not attract attention from law enforcement. But as the legal market has exploded, cannabis shops have come out of the shadows and have begun to use their storefronts…

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The Diamond of Doom

August 20th, 2018

As a retail owner, one of your primary goals is to boost profit margins. You know that good inventory management is essential to producing top-notch profits. You also know that bad inventory management can cause big problems with profit. However, you may not know the actual cause and effect of…

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The CBD Explosion

August 17th, 2018

CBD is a hot commodity. While legal marijuana is gaining ground in several states, CBD for medical use is far more widely accepted. Hemp, which is now legal across most of the USA, is the source of the cannabinoid and part of the reason behind its widespread acceptance. Furthermore, because…

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Risk management even when no one is watching

August 15th, 2018

Earlier this year I traveled to Nevada, where recreational cannabis is legal, and asked someone to arrange a behind-the-scenes tour for me at a marijuana processing facility. I had never actually visited one and was curious what it would look and feel like. I was ultimately connected with a very…

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Solving the financial mistakes made by cannabis businesses

August 7th, 2018

The cannabis industry is the fastest-growing industry in the United States, and it’s experiencing a period of rapid change and development as the sector continues to define itself. During this pivotal time, many companies find themselves plagued with myriad complex financial struggles, stemming from a “perfect storm” of problems unique…

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Let’s get Visual

August 6th, 2018

Throughout North America, the regulations for displaying cannabis in stores vary from apothecary-style shops where product can be weighed, inspected and bagged at the counter to the overly-secure, appointment-only dispensaries where customers are required to bring their own state-approved lockbox to transport the product off the premises. Even in most…

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Invest in legal infrastructure to protect market share

August 3rd, 2018

Some states have legalized medical marijuana and others allow recreational use, yet the federal government still classifies marijuana as a Schedule I drug, alongside heroin, LSD and ecstasy. Although the U.S. attorney general rescinded the Cole Memo, ending the Department of Justice’s approach of non-interference with marijuana-friendly state laws, the…

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Lone Star Legal

August 1st, 2018

Between the extraordinarily high barrier to entry for businesses and the hyper-restrictive program for patients in Texas, it’s worth asking the question: Is there enough of a market to support the state’s three licensed medical cannabis companies? “I don’t know. That’s the $5 million question,” says Morris Denton, CEO of…

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A Canadian-Colombian Connection

July 31st, 2018

Khiron Life Sciences plans to be the first cannabis provider to hit the market in Colombia so the company has the best shot of becoming what CEO Alvaro Torres calls the “dominant brand” in Colombia and then throughout Latin America. But he realizes that in the long term, being first…

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Criminal justice reform in the U.S. makes slow progress

July 31st, 2018

Marijuana used to land you in jail; now it can land you on the Forbes list. However, while states across the country are decriminalizing cannabis and instituting their own medicinal and recreational programs, hundreds of thousands of nonviolent people — mostly black people — still currently sit behind bars or…

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