The U.S. legal cannabis industry is on track to total about $46 billion by 2026, and many in the alcohol and beverage space see cannabis as a unique opportunity to expand and reach new consumers. At the same time, some are also worried about the impact this could have on alcohol sales. Consumption of cannabis by alcohol consumers is on the rise, according to data from BDSA Consumer Insights, … [Read more...] about Rising Alcohol & Cannabis Sales Brings Business Opportunities
News & Insights
Can Cannabis Use Help Fight COVID-19 Symptoms?
C.Sativa, a type of cannabis, was found in the study to reduce these cytokines and pathways related to inflammation and fibrosis. Active cannabis users actually fared better after contracting COVID-19 than non-users, including lower ICU admission rates and need for ventilation intervention.Compounds in cannabis can prevent infection from the virus that causes COVID-19 by blocking its entry into … [Read more...] about Can Cannabis Use Help Fight COVID-19 Symptoms?
The Future of Medical Cannabis in Latin America
Studies continue to emerge showing that medical cannabis can help fight opioid addiction in patients. With less side effects and just about the same pain relief, more doctors are turning to marijuana to help those experiencing chronic pain. No One Wants Opioids Anymore Khiron, a global medical cannabis company, has been providing clinical evidence of the benefits of medical cannabis … [Read more...] about The Future of Medical Cannabis in Latin America
CBD’s Massive Growth as a Functional Ingredient
CBD sales overall are decreasing, outside of the pet channel. This is likely caused by increased interest in certain crossover categories, such as functional beverages that have seen a surge in focusing on functions beyond just energy. Sleep and relaxation beverages are looking at CBD as either a main or complimenting functional ingredient.“While CBD has been used in skincare for several years, … [Read more...] about CBD’s Massive Growth as a Functional Ingredient
Why Canada Has Slow CBD Growth
Newly published recommendations will move Canada closer to allowing broader retail sales of CBD products."Unlike in other jurisdictions such as the United States or United Kingdom, all products containing CBD are subject to the same rules as psychoactive cannabis products.”For entrepreneurs looking to take part in the exciting growth of the Canadian CBD industry, be prepared for a burdensome … [Read more...] about Why Canada Has Slow CBD Growth
Rising Real Estate Costs for Cannabis Dispensaries
Some landlords are charging a “green tax” on marijuana companies, under the impression that everyone in the marijuana industry is getting rich and has money to burn."As cities begin welcoming dispensaries, it can be harder to find locations with the increased competition and few areas that are actually zoned for cannabis.”"It is important to find the right real estate partner who is willing to … [Read more...] about Rising Real Estate Costs for Cannabis Dispensaries
The Online Cannabis Marketplace for Flower Enthusiasts
Flowerhead was designed for users to easily discover, learn about, and click through to buy best in-class craft cannabis.Flowerhead takes a design-first approach to ecommerce through its stylized editorial photos and high quality brand imagery.Flowerhead is in its beta phase and has plans to launch very soon. Along with the launch, a wholesale option will also be available to cannabis retailers … [Read more...] about The Online Cannabis Marketplace for Flower Enthusiasts
Arizona’s First Cannabis-Friendly Hotel
The cannabis industry continues to evolve and come out with new and exciting ways to enjoy marijuana. First, dispensaries started popping up all over in states where cannabis is legalized, and more recently weed cafes started to make their debut, and now we have marijuana-friendly hotels. Offering Elevated Experiences for Marijuana Lovers One of the few that are located in the United … [Read more...] about Arizona’s First Cannabis-Friendly Hotel
This Marketing Trick Guarantees Success
The CBD industry has skyrocketed the past few years and is estimated to reach $47.22 billion by 2028, up from $4.9 billion in 2021, at a compound annual growth rate (CAGR) of 21 percent. While this growth was initially seen as positive, it inevitably caused a multitude of entrepreneurs to open their own CBD businesses. Now, the stakes are high, and it is increasingly difficult to market yourself … [Read more...] about This Marketing Trick Guarantees Success
Weed Cafes & Cannabis Lounges the Next Frontier
Just when you thought the cannabis market could not possibly grow any larger, an increasing number of California cities are opening weed cafes and cannabis lounges. Here, customers can consume cannabis in a restaurant setting. Everything from bongs and vaporizer pens, to cannabis oil, concentrated cannabis, and cannabis beverages are just an order away. Less than six months before the … [Read more...] about Weed Cafes & Cannabis Lounges the Next Frontier