MediaJel’s Post

Marcie Kiziak, CEO of Nova Cannabis, caught up with Cannabis Retailer this month for an industry roundtable to discuss the challenges currently faced in the sector, and how Nova's strategy has positioned the team for continued growth. You can read this interview and more here: https://lnkd.in/gUya9bBZ

Learn more about Ohio's cannabis industry at ohcann.com!

Yes, the New Mexico Cannabis market is oversaturated Yes, it poses significant challenges for the average dispensary Yes, it relies heavily on the Texas Shopper for current and continued success Yes, MMJ Sales are sliding fast BUT... It will still deliver nearly $600 million in Total Sales this year, of which $448 million will be REC (14% YoY lift) #newmexicocannabis #cannabisdata The Data Heard

Smart branding and advertising is a key to the success of any consumer packaged good sold at retail, including cannabis products. As the cannabis industry has grown and product lines have expanded, cannabis brands have emerged across the entire spectrum of products. From a branding and advertising standpoint, cannabis is similar to any mainstream #retail product, but the regulatory framework for #cannabis #marketing is different. Our next installment of the Duane Morris Mainstreaming Cannabis Webinar Program, "Branding and Advertising" will feature real-world examples and practical suggestions for cannabis #branding and #advertising for state-specific and nationally-sold products, including: - The marketing options that are available to companies in the cannabis industry as well as addressing the go-to market strategy for which your company should be planning. - An overview of state and federal regulations and the media types that are available in various states. - The differences between hemp products and marijuana products when it comes to branding and advertising. Register here: https://lnkd.in/eGMX83Zb

Did you know? In the fiscal year from April 2021 to March 2022, sales of recreational cannabis soared to a staggering $4.0 billion across provincial cannabis authorities and retail outlets. This equates to an average of $131 per person of legal consumption age, showcasing the immense growth and popularity of the cannabis market.

At Tuesday’s Cannabis Control Board meeting, the Office reflected on just how far #NYcannabis has come in a year.    With hundreds of licensed retailers now operating and nearly $1 billion in sales projected for 2024, the regulated market’s growth is truly remarkable.    Stay tuned for our Annual Report, coming at the end of the month, for a deeper dive into these milestones. 

During this Rootwurks webinar on Wednesday, July 24, 2024, Vicente LLP founding partner Brian Vicente and partner Travis Copenhaver will discuss the regulatory demands cannabis companies will face in Ohio and what consumers and industry professionals can expect from the cannabis industry in the state. Viewers will gain expert insight on: ➡️ The regulatory burdens cannabis companies will face in Ohio ➡️ What access and prices should be like for adult-use cannabis consumers in Ohio ➡️ How many municipalities have opted out ➡️ What the retail market could mean for legalization and consumers in neighboring Pennsylvania (but also IN, KY, and WV) ➡️ What the economic impact of retail cannabis could be like for Ohio ➡️ How difficult it will be for companies to win licenses and enter the market ➡️ How legalization in Ohio could affect legalization nationwide Register here: https://ow.ly/ahrv50SpoL0

Navigating Product Recalls in the Cannabis Market Product recalls are a significant challenge for any industry, and the cannabis market is no exception. The recent recall of cannabis oils and softgels in Canada underscores the complexities involved in ensuring product safety and compliance. For cannabis businesses, this incident highlights the need for robust supply chain management and clear communication with regulatory bodies. For consumers, it’s important to stay informed about the products they use and understand the implications of recalls. As the cannabis industry grows, so too does the need for transparency and trust between producers, regulators, and consumers. Read More: https://buff.ly/3X9CAen #ProductRecall #CannabisMarket #Compliance #ConsumerAwareness

Why Don’t We See State-Mandated Minimums for Cannabis Pricing? For alcohol and other industries, price floors exist to prevent race-to-the-bottom pricing or undercutting. So, why doesn't it exist in cannabis? Some possibilities: States want to encourage market competition. They’re concerned about pushing consumers to black market. They aim to avoid overregulating a maturing industry. With cannabis prices fluctuating heavily, minimum pricing could create much more stability. Why do you think states avoid setting price floors in cannabis? Do you think it’s the right approach? #CannabisIndustry #CannabisBusiness #CannabisRegulation #CannabisPrices

The cannabis holiday is the biggest sales day of the year for dispensaries. So how can you tap that momentum for year-round engagement and sales? Laurie Parfitt shares 7 tips in her new column. https://lnkd.in/ev6Ma5e3 #cannabismarketing #cannabisindustry #dispensaries #420