Cannabis has generated thousands of jobs, $21.7M in MD tax revenue so far
A new report shows Maryland’s cannabis growing and processing businesses have helped create more than 4,000 jobs and generate $21.7 million in tax revenue for the state economy.
Link to story: http://bit.ly/32oW4i2
Dispensary Sales Are Booming Thanks To This New Tool
Making dispensary customers feel welcome and informed the moment they walk into the store is vital, and the company that knows how to do this best is Seed Technology. Providing dispensaries with educational kiosks that help inform customers, Seed helps to achieve a customer experience that results in bigger purchases and repeat buyers.
In this episode of Cannainsider, Seed CEO Matt Cutone shares the incredible return on investment Seed is providing dispensaries across the US and gives his insights on the future of interactive kiosks.
Link to story: https://apple.co/37XUUeu
Retailers Have A Lot To Learn From Illinois’ Dispensaries And $40 Million In Cannabis Sales
Nearly two months into legal recreational cannabis sales in Illinois, there is a lot retailers can learn from dispensaries here, including how to leverage technology to manage demand and ease pain points for customers.
Link to story: http://bit.ly/38TGMEB
Marijuana cultivator’s CO2 partnership with craft beer brewer saves money, makes MJ firm more eco-friendly
As the legal cannabis industry continues to grow and expand across the country, so do the ancillary businesses that support the growth. Click the link in our bio to read about how a large cannabis retailer and craft brewery are teaming up to create a CO2 exchange market in Colorado.
Link to story: http://bit.ly/2HA9VIQ
A Tale Of Two Markets: How Illinois Succeeded In Rollout Of Adult-Use Cannabis And Why Massachusetts Floundered
The rollout of marijuana legalization in Illinois has been well covered by the press for the first few weeks of 2020, primarily due to the long lines and sky-high sales numbers the state has seen. While the early days of legalization in Illinois has had its challenges, particularly product shortages and high tax rates, the nearly $20 million of adult-use cannabis sold by Illinois dispensaries in the first 12 days of the program should be viewed as a success.
This early triumph of legalization in Illinois stands in stark contrast to another state that has been implementing a legal cannabis market for over three years, with a very similar set of policy goals and objectives, the Commonwealth of Massachusetts.
Read more here: http://bit.ly/2HtidCg
Council Post: Cannabis Trends To Watch In 2020
The new years is off to a fast start with lots of exciting initiatives on the horizon for the medical and adult use cannabis markets in the U.S. Here are 5 trends to watch for in the cannabis industry in 2020.
Read more here: http://bit.ly/37xTcRb
Capitol Confidential: How cannabis laws are changing in your state this week
Capitol Confidential from the good folks at Leafly – a pop-up column tracking dozens of cannabis bills and initiatives across the nation.
Read more here: http://bit.ly/39uPjh5
Retail pop-ups help cannabis suppliers attract customers
As marijuana companies seek more and different ways to make their products stand out on store shelves, they’re starting to turn to pop-up displays and events inside retail locations.
Setting up a temporary sales outlet – known as a pop-up – inside a cannabis store allows cannabis producers, vape makers, edibles manufacturers and other marijuana product suppliers to have direct contact with consumers.
Pop-ups also can assist companies in presenting new items and serving up in-store specials.
Read more here: http://bit.ly/2OJ4n2R
4 Technologies Driving the Cannabis Industry Forward | Irish Tech News
According to a recent study, sales of recreational marijuana reached $7.3 billion in 2019, and are expected to reach $66.3 billion worldwide by 2025. With more and more states legalizing the use of medicinal and recreational cannabis, the market is exploding and turning to cutting-edge technologies to optimize everything, from crop management to distribution.
Read more here: http://bit.ly/2UvP94X
By 2024, the CBD skincare market will be worth over $950 billion
Since its mainstream introduction a couple of years ago, CBD has become one of the biggest disruptors in the beauty industry. The compound has been embraced by consumers of all kinds, causing beauty companies to look for original ways to make their mark on the blooming business. A new study predicts that by 2024, the CBD industry will be worth over 950$ billion.
Read more here: http://bit.ly/2OmGopZ