Cannabis Cashier’s Post

Some fresh industry news before the weekend! 🚀 Cannabis is soaring high! 11 cannabis companies are now among the fastest-growing in the Americas. With Missouri leading the way to $1 billion in sales, the cannabis sector is full of promise. Challenges persist, but the growth potential is undeniable. Stay tuned for the evolving cannabis landscape! 🌟 #mood #industrynews #CannabisGrowth #IndustryInsights #MoodCannabis 

I found this MJBiz article on the issues facing Canada's cannabis industry to be fascinating. Three years post-legalization, Canada's cannabis industry finds itself at a crossroads. Despite being one of the pioneering nations to fully legalize cannabis, both for medicinal and recreational use, the anticipated economic boom has been somewhat underwhelming. Why isn't Canada's cannabis market thriving as expected? Several factors contribute to this complex scenario: - Overregulation: Stringent regulations have stifled innovation and efficiency, making it challenging for businesses to adapt and grow. - Market Saturation: An initial overestimation of demand has led to an oversupply, driving prices down and making it difficult for producers to maintain profitability. - Illicit Competition: The black market remains a formidable competitor, offering lower prices due to the absence of regulatory burdens and taxes. These challenges highlight the need for regulatory adjustments that support industry growth while maintaining safety and quality standards. It's a delicate balance, but essential for nurturing a thriving market. As professionals in the #cannabis industry, we must advocate for change, leveraging our collective expertise to propose solutions that can help overcome these obstacles. Whether it's through innovative business models, lobbying for regulatory reform, or educating consumers about the benefits of purchasing through legal channels, we all have a role to play in shaping the future of Canada's cannabis industry. - What changes would you like to see in the regulatory landscape? - How can businesses better adapt to the current market conditions? - What strategies can be employed to combat the illicit market? - How can we learn from Canada's federal legalization issues and apply those lessons to the US market? Your insights and experiences are invaluable. Let's collaborate to drive positive change and ensure the long-term success of the cannabis industry.

New York State has issued 105 new adult-use cannabis licenses, aiming to stimulate economic growth and innovation within the state's legal cannabis market. Governor Kathy Hochul emphasized the importance of building a robust and equitable market. The licenses issued include 25 for cultivators, 22 for distributors, 22 for microbusinesses, 19 for processors, and 17 for retail dispensaries. Additionally, 45 of these licenses are transitions from existing provisional licenses. The New York State Cannabis Control Board also approved regulations for personal home cultivation, permitting individuals 21 and older to grow up to six plants each, with a household maximum of twelve plants. This move is part of the ongoing development of a leading cannabis industry in New York. https://lnkd.in/gP4AxDms

As we consider and analyze global cannabis legalization, both medical and recreational, understanding the visitor economy specifically is a worthy endeavor. The visitor profile and spend is incredibly different than the resident profile and spend. https://lnkd.in/gjD_NZj3

2024: A Transformative Year in the Cannabis Industry The cannabis industry in 2024 is at a pivotal juncture, with significant growth and legislative developments shaping its landscape. States like Pennsylvania, Florida, and Indiana are moving towards legalization, reflecting a nationwide shift in attitude. However, federal progress, particularly regarding the SAFER Banking Act, remains stagnant, leading to alternative approaches like the Boies Schiller Flexner lawsuit against Attorney General Garland. The potential reclassification of cannabis as a Schedule 3 substance by the DEA, following the HHS recommendation, is a hot topic. This change, possibly announced on April 19, could dramatically alter the industry's regulatory framework. Additionally, Congress may introduce a 14% excise tax on cannabis, a move aimed at integrating intoxicating hemp into regulated channels and competing with the illicit market. In Ontario, 2024 began with regulatory changes that doubled the store cap for operators, signaling a shift in the market dynamics. Loblaws' entry into the cannabis sector and Mississauga's decision to allow legal cannabis stores are indicators of the evolving market landscape. However, resistance in other Greater Toronto Area cities like Oakville and Markham shows a varied acceptance level. Small cannabis businesses face challenges like mandatory window coverings and the burden of federal excise tax. Advocacy for tax relief and regulatory changes is essential to ensure their competitiveness against the illicit market. Overall, 2024 is a crucial year for the cannabis industry, marked by potential regulatory changes, market expansion, and ongoing challenges. With the anticipation of increased liquidity and the possibility of a U.S. cannabis operator being listed on a major stock exchange, the industry is on the brink of a transformative era.

High Tide Inc. (Nasdaq: HITI) High Tide Welcomes Passage of First Pillar of Germany’s Cannabis Legalization Plan February 23, 2024 Pillar 1) Germany to begin implementing “pillar 1” of its legalization plan, which will see possession and cultivation for personal use permitted by April 1, 2024, and not-for-profit social clubs begin operation as of July 1st, 2024. Pillar 2) The German government has indicated that it will now begin work on a draft law related to “pillar 2” of its legalization plan, focusing on regional adult use pilot projects supported by commercial supply chains and for-profit cannabis specialty stores.

Insights from Fix8 Media's Cannabis Division: Curious about the current state of the Cannabis industry in Colorado? Fix8 Cannabis' own Daniel Didion summarizes it here. https://lnkd.in/g3vJXPj4

🌿🚀 Exciting times ahead for the cannabis and hemp industry in Mexico! With recent legal shifts signaling a more open market, now is the perfect moment for launching your brand here. Here’s why: By The Supreme Court's decision in 2021 to decriminalize recreational cannabis use is just the beginning. We’re on the brink of seeing a fully regulated market take shape, providing a golden opportunity for those who enter early. With over 120 million people, Mexico is set to become one of the world’s largest legal cannabis markets. The cultural acceptance and growing demand for both recreational and medicinal products are key drivers that promise a vibrant consumer base ready to be tapped. Benefit from lower operational costs in Mexico compared to many other regions. This advantage translates into competitive pricing and better margins, making it an ideal locale for cultivation and production. The tide of public opinion on cannabis in Mexico is turning more favorable. This evolving perception is creating a burgeoning market enthusiastic about exploring legalized cannabis products. The nascent stage of Mexico’s cannabis market is ripe for investments and partnerships. Early involvement can lead to significant collaborative ventures with local players, integrating your brand into the fabric of the market as it grows. Being part of the market from the outset allows businesses to adapt seamlessly to new regulations and even influence their development. Establishing your brand now positions you as a pivotal player in shaping the industry. Mexico offers a strategic and lucrative frontier for cannabis and hemp businesses. The combination of a large potential market, cost benefits, and a dynamic legal landscape makes it an ideal setting for your brand. Let’s talk about how you can lead the way in transforming the cannabis industry in one of Latin America’s most influential markets. 🌱💼 #CannabisIndustry #HempBusiness #MarketExpansion #BusinessOpportunity #InvestInMexico

🚀 Exciting times ahead for Germany's cannabis industry: "Germany's Cannabis Clubs Start Sales, Sparking Personalized Cannabis Innovation"! 🌿 As of today, cannabis clubs are legally allowed to start selling cannabis, paving the way for personalized cannabis innovation and exclusive products. Despite some initial delays due to licensing, the future looks promising. 💬 Christian Muller from localeaf: "Efficient software management is key for the smooth operation and success of these new cannabis clubs." Fabian Baumann from CANTURA Cannabis Club shares his optimism: "We need around eight weeks from cutting to harvesting. If everything goes well, we'll be able to supply cannabis to our members this year. That would be wonderful." Discover how this new legislation aims to curb the black market and what it means for the future of cannabis in Germany. Read the full article here: https://lnkd.in/eJcVM7y7

Despite the massive amounts of cannabis sales happening in the United States, sales are on the decline following the surge in consumption seen during Covid. Companies are attempting to roll out more sophisticated products and experiences for cannabis users but are met with many legislative and financial hurdles. Despite the struggles many in cannabis face, there is hope as the federal government considers rescheduling cannabis. Learn more in this piece written by Lawrence Carrel for Forbes. https://lnkd.in/eejvJUcq #cannabis #cannabismarket #cannabisbusienss #sales #branding #rescheduling #legalization