Cannabis Association Spotlight: National Association Of Cannabis Businesses NACB has an impressive network of cannabis professionals and licensed businesses whose ethical approach is changing the way people look at cannabis while paving the way for a more legitimate industry. In the 3 short years since they launched the association, NACB has already made an impact.…
Is Recent Cannabis Industry Growth Sustainable? The cannabis industry, among many others, experienced a volatile 2020. There have been periods of explosive growth that parallel steep declines. California’s market, for example, is growing while other state’s markets are declining. Because California is the largest cannabis market in the world, cannabis industry experts often watch it for patterns…
Cannabis Association Spotlight: National Cannabis Industry Association The cannabis industry has an enormous economic impact. In 2019, global sales rose 48% to hit 15 billion dollars. Despite COVID-19, sales in 2020 are projected to continue to increase surpassing $20 billion by the end of the year. As sales grow so does cannabis reform. With the…
How Does the Illegal Market Impact the Cannabis Industry? Marijuana experts believed that legalizing recreational use would decrease illegal trade and smuggling. This has not always been the case. In some places, the illegal market has grown when recreational cannabis was legalized. Canada legalized recreational cannabis use two years ago. According to a recent Bloomberg report,…
When this year began, many thought the presidential election would influence legalization. Candidates soon became distracted with and prioritized their campaigns around the pandemic and resulting economic fallout. With the election fast approaching neither presidential candidate has taken a clearly defined stance towards marijuana legalization. 2020 is shaping up to be a potentially “big” year for cannabis reform. With marijuana legalization and…
Cannabis Businesses “Essential” While Arrests Grow The relationships between marijuana, the government and legislation are complex. While we’ve come a long way from the days of the initial “war on drugs,” there is still a lack of cohesive laws among states and the federal government. Understandably, this has made cannabis regulation challenging for most of…
How Cannabis Has Influenced U.S. Deportations There is a stark contrast between how states and the federal government treat cannabis. Marijuana laws are contrasting, complicated and change so frequently that even cannabis experts can’t keep up. Cannabis businesses know this all too well. The federal government classifies cannabis as a “Schedule 1” substance. In our…
Legalization Is No Longer Politically Divided Until recently, cannabis legalization was considered a “political issue”, with stark opinions dividing the party lines. But as public opinion changes, so have political views. As recently as the 1990s, two-thirds of the country opposed legalizing marijuana. Fast forward to 2019, when a Pew Research Center study stated that two-thirds of Americans…
Research Shows Promise for Cannabis as an Antidepressant: Our Take For decades, we were told that marijuana is harmful, even a gateway drug. Cannabis opposition often claimed that using the drug would incite violence, lead to crime, and that it was linked to increases in depression (this last point has since been rejected by scientific research) or…
Is the Cannabis Industry Poised to Bounce Back From COVID-19? COVID-19 has devastated much of the U.S. and global economy. Long-standing industries that were previously thought “recession proof” are floundering, struggling to stay afloat as the pandemic continues to spread throughout the country. Despite extreme volatility, and not without its own challenges, the cannabis industry is…