Now that the midterm elections are over, this post from Civilized reports how all of America's newly elected governors feel about marijuana legalization. Yesterday was the midterm elections, and 20 new governors were elected in the United States, including seven Democrats who wrestled control of the governor’s mansion away from Republicans. Considering most marijuana ... Continue Reading
legal cannabis
Banks Not Happy Dealing with Marijuana Businesses
Traditional banks are not willing to lend to marijuana businesses in Canada. This post from CNN Business highlights how the big banks are missing a boom. KushCo Holdings, a company that sells packaging and supplies to the cannabis industry, would love to borrow money from a real bank. CEO Nick Kovacevich wants to secure up to $30 million in revolving credit, so he can ... Continue Reading
Legal Cannabis Shortage: Who Will Pay the Price?
Numerous legal cannabis stores in Canada are dealing with empty shelves and disgruntled customers, with fears consumers will turn to black market. This post from The Guardian discusses the weed woes of Canada and their struggle to meet the huge demand for legal cannabis. When Trevor Tobin opened one of Canada’s first legal cannabis stores last month, he had high hopes of ... Continue Reading
Could Midterm Elections Be A Game Changer for Cannabis?
After the mid-term elections, the nation may look even more cannabis-friendly. The midterm elections could push the U.S. further toward cannabis legalization. This post from Forbes discusses six ways the cannabis landscape could change after the elections. Voters in seven states will weigh in on 36 different cannabis proposalsTuesday, everything from the legalization of ... Continue Reading
Are the US Cannabis Retail Stores Underperforming?
A retail industry veteran and cannabis CEO says most US cannabis stores are ‘underperforming’ their potential and are fraught with points of dissonance. This post from CNBC shares an interview with Peter Horvath. KEY POINTS Peter Horvath, a former Victoria’s Secret and American Eagle Outfitters executive, talks about his new gig as CEO of a cannabis products company ... Continue Reading