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Massachusetts pot shops are a billion-dollar market, but cannabis industry still faces hurdles

Massachusetts pot shops are a billion-dollar market, but cannabis industry still faces hurdles

by InfluencER | Nov 2, 2021 | Sales and Operations

While recreational marijuana sales have soared in 2021 as Massachusetts emerges from the pandemic, business complications and governmental actions have slowed the pace of the industry’s growth, cannabis advocates say. Massachusetts legalized marijuana in 2016,...
Marijuana industry has only a couple banking options in New Mexico

Marijuana industry has only a couple banking options in New Mexico

by InfluencER | Nov 1, 2021 | Sales and Operations

Verdes Foundation, one of New Mexico’s largest medical cannabis companies, is set to open its first Santa Fe shop — a dispensary on downtown Shelby Street — at the end of November. It plans another new store in the city in 2022, when the state will launch legal sales...
The First Year: Maine Banks $60 Million in Adult-Use Cannabis Sales With Room to Grow

The First Year: Maine Banks $60 Million in Adult-Use Cannabis Sales With Room to Grow

by InfluencER | Oct 29, 2021 | Sales and Operations

The $9.7 million in adult-use cannabis sales Maine banked in September might come in the shadows of current retail behemoths like California, Michigan, and Illinois. Through the first half of 2021, California averaged more than $430 million per month in taxable...
Virginia lawmakers explore an earlier start for retail marijuana sales

Virginia lawmakers explore an earlier start for retail marijuana sales

by InfluencER | Oct 28, 2021 | Sales and Operations

The start of marijuana retail sales in Virginia could come sooner than initially planned as lawmakers continue to discuss the ground rules for the new industry. The commission that oversees the implementation of state legislation that legalized marijuana recently...
Franchises Create Potential for National Cannabis Brands

Franchises Create Potential for National Cannabis Brands

by InfluencER | Oct 27, 2021 | Sales and Operations

The cannabis industry has an inherent limitation restricting the launch of billion-dollar brands and it is not money. Large amounts of capital are now flowing into performing cannabis companies of all sizes, whether locally owned small businesses or large, multi-state...
Who will control legal marijuana sales in NJ? Local players or big companies?

Who will control legal marijuana sales in NJ? Local players or big companies?

by InfluencER | Oct 27, 2021 | Sales and Operations

Manuel Caban is a lifelong Camden, New Jersey, resident who was arrested twice for marijuana offenses and a decade ago spent 30 days and then a year in prison for dealing. That, he figures, makes him an ideal candidate for a license to sell cannabis now that New...
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