What is branding? Your “brand” is composed of experiences customers can expect when they deal with your company. That can be anything from your website and brochure to your office décor to the way you answer the phone. Many small businesses assume that branding doesn’t apply to them and that it’s only for the Nikes and Coca-Colas of the world. Reality check: If you’re not managing your corporate image, who is?
Taking a page out of real life, edible companies can learn a lot about what not to do by examining the case of a bakery.
The Food and Drug Administration (FDA) sent a warning letter to the Nashoba Brook Bakery in Concord, Massachusetts, this past summer. Among a host of food safety violations, one item stood out as unusual. It was the company’s use of the word “love” in the ingredient list on their granola...
As I write this, Donald Trump is one year into his four-year term as President of the United States. What have we learned to date? To put it simply, we’ve learned that Donald Trump says one thing on the campaign trail, but a completely different thing in the White House. That’s a dangerous precedent to set. Case in point: his stance on marijuana legalization.
Donald Trump announced his run for president on June 16, 2015.
Montana, like other states that have had a medical cannabis program for a while, has developed new rules. This is no doubt in part due to the Cole Memo, which has led states to improve tracking, decrease “leakage,” and address other aspects of their programs. However, it also provides a benefit to the state by adding to their coffers.
Part of the proposed rules is a modest increase in the cost for a patient medical...
2017 may have been the year of Bitcoin, but Canna Newswire is hoping 2018 will be the year the cannabis Green Rush takes off.
While most people reading this article may not own any bitcoin, it has become ubiquitous in references on the internet and throughout news coverage. The digital currency went from being unknown a year ago to hitting over $17,000 value per coin at the time this was written. This rush in value...
In the old days, people rarely wrote things down when they sold cannabis. Selling the flower was risky and leaving a paper trail was riskier still. With the advent of medical marijuana programs, though, cannabis supply contracts became routine. Such agreements may be called “patient-caregiver agreements” or “patient-grower agreements,” and state agencies may even require their use. These limited-scale agreements are often between two individuals for small sums of marijuana and cash. In the world...
Imagine that you own and operate a dispensary and for the past three years things couldn’t have run more smoothly. You have a steady stream of clients, you haven’t suffered any losses, and you’re beginning to build a solid reputation around the area. The next thing that you know, you get a call from your insurance agent saying that you’ve just been cancelled and have to get new insurance.
All business owners want to believe that their marketing is increasing their sales, but how do you know which marketing efforts are actually working? Unfortunately, most business owners don’t know how to track whether their marketing is working, or they don’t know if their efforts are being directed to the right place to positively affect profits.
Consider the term ROI, which means Return on Investment. This term has two meanings, which, at times can be...
Compassionate Cultivation literally broke ground in Texas this November; that is, it broke ground to plant seeds.
The Austin, Texas-based medical cannabis company received the second license to cultivate cannabis in the state on November 1. The company immediately began the process to plant their low-THC, high-CBD cannabis plants. Compassionate Cultivation is operating a vertically-integrated facility that will focus on growing non-psychoactive CBD plants and using them to create a CBD oil product.
The University of Guelph may have published the first-ever paper on methods to improve cannabis cultivation.
Researchers from the University of Guelph, located in Ontario, Canada, shared their work in the October issue of the journal HortScience. The study was funded in part by the Natural Sciences and Engineering Research Council of Canada.
The researchers, Youbin Zheng, Mike Dixon, and Deron Caplan, attempted to find the optimal fertilizer rates for growing in soilless growing substrates...
Well it is December already and the year is coming to a close. Time for holiday parties and family get-togethers. Time to wrap up the year and prepare for the new one. What have you planned for your business in twenty eighteen?
As you are working with your staff to clean up shop and as you are working your accountant to wrap up your books, this month is a wonderful time to set goals for
Dr. Ethan Russo and colleagues recently published a paper on breeding programs for different essential oil or terpenoid profiles in cannabis.
The paper entitled “Pharmacological Foundations of Cannabis Chemovars” was printed in the journal Planta Medica. Dr. Russo is the former president of the International Cannabinoid Research Society and senior medical advisor for GW Pharmaceuticals. He has participated in much of the research and writing on the topic of terpenes and cannabinoid interactions in circulation.
The closer cannabis gets to being recognized medicine, the cloudier its future seems to be.
GW Pharmaceuticals, an England-based biotech company, has spent nearly 20 years working to bring a botanical cannabis-based medication to market. Although GW was successful in launching Sativex a 1:1 THC:Cannabidiol formulation in much of the world, the United States has proven more difficult to enter. Currently only synthetic tetrahydrocannabinol (THC), under the brand names Marinol and recently Syndros, has been...
Are you thinking of moving to Oregon and working in the marijuana industry?
It isn’t as easy as it used to be, as fear of the Cole Memo and Jeff Sessions motivates the state to collect money at every juncture in an attempt to regulate the product to keep the feds from their doorstep.
Keeping with its philosophy of making every penny it can from marijuana, Oregon is the only legal recreational cannabis state to...
If you are like most small cannabis businesses, you might be starting to think about your business year end and taxes … or you might be wondering where to sell this year’s product. Either way, you still need to produce financial records for the year. Don’t panic, here at Making Waves Management Services we pride ourselves on making it easy to follow processes and procedures that put financial recordkeeping on autopilot. One way we do...
As the old adage goes, “it takes money to make money.” At least that is the way cannabis seems to be heading in Michigan, as they develop new medical cannabis regulations.
In September 2016, the Michigan Legislature passed House Bills 4209, 4827, and 4210. Michigan Governor Rick Snyder signed these bills into law—creating a directive to form a regulatory framework for medical cannabis. The state is instructed through these bills to have the system...
Today’s youth are tomorrow’s cannabis industry professionals. But the educational system throughout the United States is sending students mixed messages when it comes to legalized cannabis. These signals range from “it’s okay” to “it’s medicine” to “it’s an addictive drug.”
So children are very confused. Most educational systems are still pushing the War on Drugs era anti-drug campaign onto our children. This antiquated campaign lumps cannabis in with illegal drugs like cocaine, meth, heroin, etc.
Florida is gradually making the transition into medical cannabis for patients who can benefit. Their first medical marijuana law, passed in 2014, allowed only limited patients to use high-CBD and low-THC (0.8% or less). The first dispensary for this type of cannabis opened in July of 2016.
The legislature then passed HB 307 in 2016, which would allow terminally ill patients to use cannabis with higher THC. But that law was flawed, placing a heavy...
Imagine walking into a local recreational retail location and bypassing the lines of people waiting for customer service. You approach a vending machine, put your money in, and make your selection. The machine dispenses your cannabis product and you are out the door in no time. All without standing in the queue.
Great dream right? Well, VendTek Wholesale Equipment, Inc., is working to make this dream a reality by breaking into the cannabis industry.
Celeste Miranda, already one of the busiest people in cannabis, has a new agency. The founder and CEO of The Cannabis Marketing Lab - the oldest and largest cannabis-specific marketing agency - has banded together with two veteran public relations executives - John Sidline and Karen Blondell - to form a new cannabis-focused PR agency: The Cannabis Story Lab (www.thecannabisstorylab.com). Together, the trio possess a unique combination of cannabis industry and non-cannabis PR experience.
In 1994, Canada started issuing research licenses to grow industrial hemp on an experimental basis. Prompted by field results and lobbying by the agriculture and business communities, Canada passed legislation in 1998 that allowed for the full production of hemp for seed and seed oil. The first year approximately 6000 acres were planted. Year two that number jumped to 35,000—driven by the promise of large-scale fiber plants. Those plants didn’t materialize, leaving many farmers...
While most of the world is just discovering terpenes and cannabidiol (CBD), a small group of cannabis extractors are literally transforming the plant.
The cannabis industry has been coming out of the shadows during the last two decades of reduced prohibition and medical program expansion across the United States. While the industry still faces many roadblocks for banking, research, and law enforcement, there has been an increase in experimentation and diversification driven by independent groups.
In the movie Field of Dreams, a rookie corn farmer named Ray hears a voice telling him to build a baseball diamond in the middle of his corn field. He isn’t sure why the voice is telling him to do it, but he does it anyway—much to the amusement of the fellow farmers in his county. Many times, new business owners are a lot like Ray. They have a dream about starting a business.
We all have stayed at a hotel or Bed and Breakfast, and you may have heard about the service called Airbnb, where homeowners rent a room, or even their whole house, for short term rentals. Now there is a new kid on the block called Bud and Breakfast or the Airbnb of Weed. In areas where marijuana is legal, the Bud and Breakfast concept is a similar arrangement, but it is special because the accommodation...
CannaBiz Journal recently visited Farmer Tom’s farm to speak with Farmer Tom about his contributions to Washington’s BHO concentrate laws, how he came to the cannabis industry—including work and safety in the industry, and how he has contributed to setting the standards for that as well.
Farmer Tom credits his wife for bringing him into the cannabis industry. “I got into the industry through my wife. She was part of one of the first...
National Investment Connection brings together a network of licensed professionals across the nation to assist cash investors with creative ways to manage their money with turn-key real estate channels. That is their claim and they say it is all legal.
Shane Blocker was not originally involved in any type of cannabis venture, but he was involved in the real estate and banking industries. He considered himself a bit of an entrepreneur and a self-proclaimed problem solver.
This Veteran’s Day, if you want to put your money where your mouth is, Citizen CBD might be the place to shop for your cannabidiol (CBD).
Citizen CBD is a veteran-owned and operated company that specializes in hemp-derived CBD products. Hemp and marijuana are both the same species of plant. The cannabis plant is identified as marijuana when it has over .3% THC, but the same species with below .3% THC (regardless of CBD content) is considered hemp.