When Financial Trouble Hits: The Bankruptcy Barrier Facing Cannabis Companies
Cannabis businesses face a unique challenge that most other industries never have to think about: they can't file for bankruptcy. While this might seem like a technical legal issue, it creates serious real-world problems for business owners, employees, and investors when financial difficulties arise.
U.S. Cannabis Sales Hit $30.1 Billion in 2024 Despite Job Cuts
U.S. cannabis shops sold $30.1 billion of legal cannabis in 2024. This marks a 4.5% rise from last year, based on the new Vangst Jobs Report with Whitney Economics.
The Truth About Federal Cannabis Legalization: 8 Myths Busted
As a cannabis lawyer, I often hear business owners talk about what they think will happen when federal legalization comes. Many base key business choices on these beliefs. But are these ideas correct? Let's look at the top myths about federal legalization and what you should really expect.
5 Fatal Flaws: How Cannabis Entrepreneurs Sabotage Their Own Success
After working with dozens of cannabis business owners who learned expensive lessons firsthand, I've identified some critical mistakes that consistently turn promising ventures into cautionary tales. Here's some of what separates the survivors from the casualties in this high-stakes industry.
The Secret Roadmap: Finding Your Way Through Local Cannabis Ordinances
Maria and James thought they'd found the perfect spot for their caregiver store—a charming storefront in a bustling downtown area. The space was perfect: great visibility, ample parking, and a landlord who welcomed their vision. Three months later, they discovered a small detail buried in the local ordinance that made their dream location impossible. That $15,000 lease deposit? Gone with the wind.
Maine Lawmakers Consider Safety Testing for Medical Cannabis
Maine's medical cannabis community is watching closely as state lawmakers review proposals that could bring Maine's program in line with safety standards common across the country. The Veterans and Legal Affairs committee met Monday to discuss nine cannabis-related bills, with special attention on two that focus on product safety testing.
Women are driving the wellness revolution in cannabis
Women are increasingly embracing cannabis for wellness purposes such as stress relief, sleep improvement, and pain management, prompting some brands to create products tailored to health-conscious consumers.