Finally, the three licensing authorities and the California Department of Tax and Fee Administration today have released the highly anticipated recreational cannabis regulations. With only six weeks left until the beginning of recreational marijuana in California, Flourish will be regularly updating educational materials for cannabis business operators so stay tuned on this blog! You can also refer to our Blog A Quick Guide to Winning a Cannabis License in California for more information.
Choosing the right surface for the walls of your grow room is very important, as up to 40% of your total yield comes from the edge, and the right wall surface can increase the amount of light those plants receive by up to 30%! Artificial lighting diminishes exponentially with distance, so it is important to contain as much of this light as possible, and direct it accordingly. Reflective surfaces also help illuminate the lower portions of the garden, providing lower buds with light and heat energy.
Cannabis is still illegal at the federal level, which poses a variety of challenges for any cannabis operations attempting to conduct financial transactions even in states that have legalized pot. Not only that, carrying large amounts of cash poses huge security issues for dispensaries. However, cryptocurrencies are providing solutions to some of these problems and making it easier for cannabis related businesses to carry out transactions. While Bitcoin has become widely popular, there a few alternative cryptocurrencies that are designed just for the pot sector. Here are a few currencies that aim to make business easier for cannabis businesses:
Still trying to decide which cannabis conferences to go to this fall? You need to head to the NCIA and CCIA California Cannabis Business Conference in Anaheim, California! Here are a few reasons why you really have to get to Anaheim on September 21 and 22.
We recently were fortune to be profiled by Hypepotamus, the go-to source of startup and tech news, events, job listings and resources focusing on Atlanta and the Southeast. Atlanta is a hub for supply chain software. The Metro Atlanta Chamber, has a great reporting highlighting this:
All across the country, the burgeoning cannabis industry is experiencing unprecedented growth. With 29 states embracing the use of medical marijuana, 8 of them permitting its recreational use, and various upcoming campaigns and ballot measures for medical and recreational use in a number of states, marijuana legalization is happening across the US. To support clients growing marijuana, we put together some pro tips for cultivation management.
On January 1, California will begin issuing licenses allowing businesses to legally sell marijuana for recreational use. It is estimated that recreational marijuana sales will command about 60 percent of the state’s pot market — accounting for about $5 billion in annual sales. For anyone looking to step into the cultivation industry, this is a great opportunity. Here are a few key things an entrepreneur looking to operate in the cannabis industry should know about the new regulatory environment.
Marijuana sales in North America grew by an exceptional 30% in 2016 to $6.7 billion as the market expanded to more states in the U.S. and Canada, according to a new report by Arcview Market Research. Another report by New Frontier states that marijuana sales could reach up to $24.5 billion in 2025. To put this in perspective, this industry growth is larger and faster than even the dot-com era when GDP grew at 22%. But are cultivation operations prepared to handle this unprecedented boom in demand for cannabis?
There's been a lot of talk recently about cannabis seed-to-sale tracking. As a key requirement in cannabis regulatory models, seed-to-sale tracking refers to the process of tracking plants and their by-products from initial planting through the plant's sale. Track and trace is another term used for this process, but refers to the tracking within one link of the cannabis supply chain (for example, a cultivation facility). However, cultivators also tend to implement seed-to-sale tracking software to gain visibility to their operation.