Tag: US


Cannabis Companies Are Seeing a Quarantine-Fueled Edibles Boom


Sundries to stock in one’s cupboard during the coronavirus pandemic: canned tuna, honey, rice, and weed gummies. Cannabis sales skyrocketed in the days leading up to stay-at-home orders to stem the spread of the coronavirus in the US. Now, cannabis analysts have found that an unusually high proportion of those sales can be attributed to edibles. Recently, concentrates such as dabs and vaporizers been the fastest-rising stars, fueling much of the cannabis industry’s growth, but…


Oaksterdam University: The Cannabis College, Explained


In 2019, legal cannabis firms generated $15 billion in sales and employed 340,00 people, while 13,000 — 18,000 cannabis businesses operate in the US every day. By 2025, cannabis research firm New Frontier Data predicts that legal cannabis sales will reach $23 billion. Given the industry’s upward trajectory and current market environment, weed is going to need a lot of workers. Fortunately, cannabis universities are out there, ready to train students from the career-oriented to…


Cannabis Bankruptcies Start to Roll in as Pandemic Halts Financing


The weakest companies are succumbing and even relatively healthy firms are showing signs of strain. The cannabis bankruptcy filings are starting to roll in. Already plagued by a tough regulatory environment, disappointing sales and capital markets that had closed to all but the strongest companies, the industry is now facing a pandemic-related collapse in stock markets and ever-shrinking financing options. Pot companies completed two capital raises worth just US$5.6 million the week ended March 27,…