It’s that time when we dust off the year that was and look forward to what may be in the year ahead. At MJ Freeway, we are looking forward to the definitive merger agreement with MTech to be finalized. This will create an exciting new chapter for us and the industry, but we’ll talk more about that later. For right now, let’s do some speculating. Here are my top 10 predictions for the cannabis industry in 2019 (because ‘tis the season for lists, and who doesn’t love them).
The most famous business advisors will tell you the secret to succeeding in business is innovation.
Since legalization, cannabis has undergone a transformation from an illegal narcotic to a respected medicine. Here in the United States of America it has been legalized for either recreational and/or medical use in 28 states.
People are falling in love with concentrates.
Since 2004, sales of concentrates has grown by 412%. By comparison, edibles have grown 272% and flower has grown 149%.
Putting numbers aside, there’s a lot to dig about concentrates.
On April 20, 2018, total U.S. cannabis sales will increase by more than 150% compared to an average sales day. Millions more people will buy cannabis compared to any other day this year. Here are some tips to get your products in more of their hands.
CannAbilityfoundation.org: Fighting for the Rights of the Children Who Need Medical Marijuana.
At this point, your cannabis business is operating successfully. You’re selling products, earning revenue, and things appear to be going well.But, you may ask yourself, “Can we do better?”
Although you’ve successfully overcome the startup phase of your cannabis business, growth and maturity is going to require that your business processes and workflows are optimized.
As a retail cannabis operator, you may be wondering what products and merchandise to supply at your dispensary. We’ve put together a list of items that are gaining momentum in the world of dabbing.
710 has become an unofficial holiday amongst cannabis consumers and patients that partake in dabbing. 710 is the word "oil" upside down. With no evidence of an uptick in total sales during 710 holiday across the industry, cannabis retailers can take advantage of this opportunity to be the destination for cannabis extracts.
Hiring a cannabis consultant can be a big investment in your business.
If you’re thinking about hiring a consultant, but you’re still not convinced it’s the right decision, you’re on the right page.
Here are 5 key benefits you’ll get from working with a cannabis consultant.