Blog

Chart: Marijuana store density surpasses Starbucks & McDonald’s in many mature cannabis markets

As competition between cannabis retailers grows, so does the number of stores in mature markets, where the relative density of marijuana shops has surpassed that of Starbucks in many.
Moving forward, retailers will need to provide consumers a compelling reason to visit and return, such as low prices, exceptional service, quality product selection and convenience.

Link to story: http://bit.ly/2KsHC2k

Part 1, Leafly Study Debunks Dispensary Myths

When a state legalizes cannabis, local municipal officials are put in a tough spot: they have the power to allow or prohibit cannabis stores from opening in their jurisdiction. It’s done through property zoning. Click the link in our bio to read results of an evidence based study detailing impact on teen use and property value trends in communities that have allowed dispensaries.

Link to story: http://bit.ly/2IYcPaH

U.S. Marijuana Sales May Triple to $30 Billion by 2023, New Report Finds

Unless you’ve been living under a rock, there’s a pretty good chance you’ve heard about the once-in-a-generation investment opportunity that is the legalized marijuana industry. According to Bank of America analyst Christopher Carey, the cannabis industry could one day offer peak annual sales potential of $166 billion, and disrupt industries that currently total $2.6 trillion in yearly sales. Considering that only two countries worldwide have OK’d recreational weed, and just over 40 have legalized medical marijuana, the ceiling for the pot industry is still a ways off.

Link to story: http://bit.ly/2XYsBJ1

FDA kicks off review of CBD with 140 people scheduled to testify at first public hearing Friday

The cannabis industry wants a single set of rules, but entrepreneurs aren’t sure what those rules should be.

At Friday’s landmark cannabis review by the U.S. Food and Administration (FDA), CBD manufacturers joined with academics, consumer packaged goods manufacturers and agriculture officials to ask a panel of regulators to give the cannabis industry a uniform set of guidelines for producing, packaging and labeling cannabis extracts.

Link to story: https://cnb.cx/2HStVYk

Square Quietly Launches Program For CBD Cannabis Company Credit Card Processing

Companies that sell cannabis products—even those consisting of CBD derived from hemp, which was legalized in the U.S. through the Farm Bill late last year—are continuing to have trouble accessing basic financial services that are available to businesses in other sectors. That includes being able to maintain bank accounts and process their customers’ credit cards.

The latter problem could be solved under a new pilot program that has quietly been launched by the payment processing service Square.

Link to story: http://bit.ly/2MoH6o2