Being a Bengals or Browns fan over the past 25 years has basically been one giant nightmare. The two teams have combined for exactly zero playoff wins since 1995, and things have only gone downhill since then. Over the past three years alone, the Bengals have averaged just five wins per season, while... Read more
The Mississippi Medical Marijuana Amendment has officially qualified for the ballot and was filed with the Mississippi State Legislature on January 7, the first day of the 2020 legislative session. The legislature must act on the measure within four months. The measure will appear on the 2020 ballot regardless... Read more
Succeeding in the cannabis industry is not easy, especially in California. Complex regulation, high taxes, expensive real estate, and competition with the black market are just a handful of factors that challenge cannabis businesses. The majority of players lack sufficient reserves and agility to stay in the game. Due to the substantial upfront costs required…
On Friday, January 10, 2019, the California Bureau of Cannabis Control (BCC) issued an email press release entitled, “Consolidation of California Cannabis Licensing Authorities” concerning a budget proposal released by Governor Gavin Newsom. Per the press release: Newsom intends to combine all three California cannabis agencies into one single Department of Cannabis Control by July…
Mississippi became the latest state this week to add a medical marijuana question to its 2020 ballot. Voters there will have the opportunity to decide on Ballot Initiative 65, which, if approved, will grant access to medical cannabis for patients suffering from various conditions like cancer and epilepsy. Mississippians... Read more
A Tennessee state senator has reintroduced a bill that would legalize the medicinal use of cannabis in the state. The bill, which will be reintroduced in the Tennessee legislature by Republican Sen. Janice Bowling, failed to gain enough support last year. “There are tens of thousands or hundreds of... Read more
by Tyler Beuerlein, CRO of HypurChairman of NCIA’s Banking & Financial Services Committee As we begin the new year, the NCIA Banking and Financial Service Committee is joining the trend of starting something new for 2020. We are launching a blog series, the very words that you’re reading now,... Read more
As part of the new regulatory environment for CBD in New York, a registration requirement now exists for sellers of hemp extract products. Noteworthy, however, is the fact that the new law defers the decision on whether to legalize the addition of hemp extracts, including CBD, to foods or... Read more
Planet 13 Announces Strong Finish to 2019 – Approximately 695,000 Customers Served in 2019 at an Average Ticket above $90 Approximately 695,000 customers served in 2019 at an average ticket above $90 for preliminary unaudited revenue of ~$63 million Preliminary unaudited gross margin of ~57% for 2019, with margin expansion throughout the... Read more
As I wrote in a prior blog post, Utah’s cannabis market has special characteristics that you are unlikely to find in other states. This is due in large part to Utah’s hardworking, predominantly conservative, and compassionate culture. Marry those qualities together and the parameters and developments of the Utah medical cannabis and hemp marketplaces make…
