THCnet sat down with Andrew Kline, the National Cannabis Industry Association's director of public policy, during this week's Northeast Cannabis Business Conference to get his take on a myriad of issues -- including the chances of rescheduling cannabis, the timeline for legalization and how the NCIA approaches its lobbying efforts in Washington D.C.
According to marijuana information firm Leafly, the U.S. cannabis industry added 33,700 jobs in 2019 even as many major cannabis firms have slashed hundreds of positions in search of profits. In its most recent jobs report, Leafly said the legal American cannabis market supported 243,700 full-time-equivalent positions as of January, 2020, up 15% from the previous 12-month period.
2019 was a bit of a mixed bag for the North American marijuana market as companies had to battle through a nationwide vaping crisis, plummeting stock prices and a barrage of other headwinds. Nevertheless, there were plenty of reasons for cannabis entrepreneurs and executives to feel optimistic heading into 2020. Here are 3 storylines to keep an eye on as the new year gets underway.
In an interview with THCnet, Theory Wellness VP Matt Gamble discusses his experience in the marijuana business, and shares his thoughts on why other CPG professionals should consider a career in cannabis.
In this week’s edition of The Buzz: Michigan’s Marijuana Regulatory Agency issued the state’s first recreational licenses, Michigan and Washington banned vitamin E acetate, and New York’s Acreage Holdings announced plans to acquire New Jersey’s Compassionate Care Foundation.
In this week’s edition of The Buzz: Vitamin E acetate is identified as the likely culprit in the vaping crisis, California regulators suspend nearly 400 licenses, Canopy Growth Corporation teams up with Canadian rapper Drake, and Bruce Linton lands at Vireo Health International.
Earlier this year, Celtics basketball legend Paul Pierce hauled in $2.8 million in private equity and family office money to help expand Vesper, the Boston-based company he co-founded with entrepreneur Elliot Mermel in 2017. Vesper partnered with Eaze Wellness as its exclusive provider of both the battery and the CBD cartridges.
Cannabis resource Leafly has launched a new program aimed at educating so-called budtenders on the science of cannabis. Called Leafly Learn, the new online education platform gives dispensary workers the “tools to really understand the science and art around budtending.”