I saw vape-gate coming. Of course, I didn’t predict the exact situation, but in 2010, at the start of the legal cannabis industry, I saw an impending scandal tied to cannabis – either real, perceived or orchestrated by the opposition.
Why do cannabis retailers in legal states choose to offer delivery in addition to the typical storefront dispensary experience? The answers are obvious, as delivery in legal states allows these businesses to increase their volume, improve the customer experience, and ultimately lead to increased ROI. Adding delivery to your dispensary enables more customers to purchase your products, even when you need to temporarily close your storefront.
Unbelievably, it is May and summer is around the corner. The swiftness of our industry seems to accelerate days passing, so I wanted to take a moment to share what’s “top of mind.”
Tax day looms next week, signaling it’s time again for mathematical gymnastics and mental frustrations. The cannabis industry now exists in most U.S. states; however, marijuana remains a Schedule I drug. The toll of this classification has canna-businesses paying 70-80% higher taxes, all thanks to 280E.
A couple months ago, I predicted 2019 would be the year Latin American cannabis production begins to shift the global market for cannabis, and I went to see for myself what the future holds. Check out my observations from my recent Colombia trip in this month's blog.
How often do you find yourself asking, “Where did the time go?” Unbelievably, I’m approaching a decade of cannabis experience, and MJ Freeway celebrates nine years this month. Conceptually, MJ Freeway was conceived on New Year’s Eve 2009, which was the same year I invested in one of the first legally licensed operators in Colorado. My first experiences in the industry were on the operations side initially, where it was easy to see the need for compliance tracking in a newly regulated industry. So, MJ Freeway was officially incorporated in January 2010.