Marijuana Business News

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stocks
business
Tue
18
May

Increased Demand For Top Talent As Cannabis Industry Salaries Continue To Surge

The burgeoning industry continues to seek diversity among its employees, as evidenced by the opportunities within all cannabis verticals for minority candidates.

With 320,000 full-time cannabis jobs in 2021, legal adult-use cannabis in 17 states and D.C., and medical marijuana in 36 states, the U.S. cannabis industry continues to prove its strength and resiliency.

Seeking to provide a clearer picture of the industry, cannabis-focused executive search and staffing firm CannabizTeam has released its 2021 Cannabis Industry Salary Guide – Second Quarter Update.

marijuana industry

Photo by Heath Korvola/Getty Images

Tue
18
May

How are CBD goods made? Behind the scenes of manufacturing & processing

CBD is somewhat magical in more ways than just its natural, wide-ranging therapeutic effects. If you think about it – it’s pretty extraordinary that a seemingly unsuspecting plant gets transformed into beneficial oils, and other types of goods. So, what happens on this magical journey of a cannabis hemp plant, getting extracted and processed into the goods we know and love?

Knowing how your products are made from start to finish, can help you better understand price points, and appreciate the true labor and love behind each bottle you enjoy. So, let’s find out more about the manufacturing process it takes to produce the varied consistencies and textures of the most popular CBD products.

Tue
18
May

Why Gas Detection is Critical for Cannabis Growers’ Health and Safety

In the U.S., cannabis legalization began in 2012 when both Colorado and Washington approved cannabis for recreational use.

Today, cannabis is legal in 11 states, along with Washington, D.C., for both recreational and medicinal use for adults over the age of 21.

For medicinal use only, it is currently legal in 33 other states. Recreational legalization allowed the cannabis cultivation industry to flourish exponentially.

The spike in demand for higher quality cannabis caused growers to experiment with their crops’ growing operations to yield higher volume.

Growers improved their lights, growth mediums, pesticides, heating, cooling and ventilation techniques.

Tue
18
May

Ottawa-based HEXO Corp. to acquire 48North Cannabis in $50 million deal

HEXO Corp., a consumer packaged goods (CPG) cannabis company, is looking to cement a top-two position in the Canadian recreational weed space by acquiring all shares of 48North Cannabis Corp. for $50 million.

The companies announced today that they have reached a definitive agreement in which HEXO will acquire all of 48North’s issued and outstanding common shares in an all-share transaction.

Tue
18
May

Co-founder of Toronto's chain of illicit dispensaries, CAFE, dies in Mexico

Jon Galvano, the co-founder of a chain of illegal cannabis dispensaries that have operated around Toronto for nearly five years, has died in Mexico, reports CBC.

Coffee and Fine Edibles (CAFE) opened its first location in Toronto’s CityPlace neighbourhood in 2016, before expanding to four shops around the city.

Few details have emerged so far regarding the circumstances of Galvano’s death. He was 46-years-old.

Mon
17
May

These Marijuana Stocks Are Working To Build More Market Momentum

2 Marijuana Stocks To Watch As The Sector Slowly Starts To Rise

With marijuana stocks still working to reach even higher market levels, the sector has been a bit volatile this month. Many people felt May might bring with it a boost in momentum. However, the first week of the new month followed in the same downward pattern as the previous month. Currently, some marijuana stocks have slowly started to inch back up in the market. Yet for those cannabis plays that have not fully recovered there is still a chance to find marijuana stocks to buy.

Mon
17
May

Cannabis Stealing Workers From Just About Every Other Industry

Job growth for the United States in April 2021 might not have quite matched expectations with a disappointing increase of 266,000 jobs and an unemployment rate rise for the first time since 2020, but executive search and staffing firm Cannabiz Team’s latest Cannabis Industry Salary Guide for Q2 2021 tells a different story for the cannabis market. With 320,000 full-time cannabis jobs in the U.S., the cannabis industry ranks as the fastest-growing industry in America. As cannabis legalization spreads, projections have cannabis hitting $35 billion dollars in sales and providing 500,000 full-time jobs by 2024.

Mon
17
May

Cannabis prices down, but tab for hard drugs up in U.S. states with legal weed

More research is needed to determine if a new study exploring how cannabis legalization influences illegal drug markets is correct in finding that prices for weed falls but those for hard drugs rises.

“Our exploratory findings suggest that markets for illegal drugs may not be independent of legal cannabis market regulation,” lead author Angélica Meinhofer, an assistant professor of population health sciences at Weill Cornell Medicine, notes in a statement from the Society for the Study of Addiction.

Mon
17
May

Are Canadian Cannabis Stocks Ready For A Rebound? 3 To Add To Your Watchlist Next Week

Canadian Cannabis Industry In May 2021

Are marijuana stocks setting up for a rebound in the market? Last week top cannabis stocks closed on Friday, May 14th showing upward momentum in trading. For more than two months the cannabis sector has been losing market value and trading near price points at the end of 2020. But May could be giving way to a market recovery for the cannabis sector.

Fri
14
May

New data shows cannabis industry salaries up across the board

California-based CannabizTeam has released its 2021 salary guide and the data shows that salaries for more than 60 popular positions within the sector have seen a salary bump over the past year.

The guide is focused on the U.S. industry across 36 states and hypothesizes that the sector could support 500,000 full-time jobs and top $35 billion in annual sales within the next three years.

“The cannabis industry proved its strength and resiliency in 2020 and enters 2021 as the fastest-growing industry in the United States,” said Liesl Bernard, CEO of CannabizTeam. The guide relies on proprietary salary data from the CannabizTeam, as well as surveys and independent research.

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