Illinois cannabis sales have skyrocketed and continue to rise since the start of recreational sales in 2020. Cannabis business licenses in the initial application round were limited and the process experienced technical errors, as well as delays due to the pandemic. The state continues to refine its legislation in an effort to create a fair application process and has even committed …
Similar to cannabis’ path to legalization, the process of legitimizing psilocybin will likely be a slow process with many legislative hurdles. In order to change current psilocybin laws, extensive scientific research and evidence showing the medical benefits will be necessary to remove negative connotations and shift public opinion. Efforts to reform psilocybin laws are growing throughout the United States and …
An alarm system is an integral part of every retail establishment, but it is especially important for cannabis businesses. Though the requirements may be similar, regulations regarding alarm system devices for cannabis businesses are different in every state. In addition to differing state guidelines, the cost, quality, and functionality of alarm system devices can vary greatly. Cannabis business owners must consider all components of …
This article was originally featured on the CB Advisors blog. New York vs. New Jersey: A Guide to Recreational Cannabis in the Mid-Atlantic In a span of five months, two of the largest cannabis markets in the eastern U.S. legalized adult-use. Highlight of this blog is comparing New York and New Jersey Cannabis Laws. New Jersey voters approved the expansion of its …
After years of strict prohibition, psilocybin therapy is finally gaining recognition for its medicinal benefits and use in the treatment of mental health. Though some areas have changed their laws regarding psilocybin research and access, the United States still has a long way to go before psilocybin is fully legitimized in the medical industry. The future of psilocybin will be …
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Despite a predominately cashless society, the cannabis industry still primarily operates using cash transactions. This is due to cannabis’ status as a federally illegal narcotic and leads to banking challenges for cannabis businesses. Although most cannabis transactions are completed using cash, there are alternative methods for non-cash cannabis transactions that are increasing in availability and popularity. Non-Cash Cannabis Transactions and Security There …
August, 19 2021 The day we have all been waiting for has finally arrived, the New Jersey cannabis license application regulations have been released. Something to highlight is New Jersey will be requiring city approval, which may require more security regulations. Applicants will really need to focus on their perimeter security. Here is what we know so far for security: …
While most cannabis business owners believe that external robberies or burglaries are their greatest threat, internal employee theft is actually one of the biggest interrupters in the growth and success of a business. One way to prevent and deter internal theft is to create and implement a Culture of Honesty. An employee Culture of Honesty ensures that the business is better protected from …
2021 has already been a huge year for cannabis, and the year is not over yet. There are still multiple cannabis conferences and tradeshows that people in the industry will not want to miss. Cannabis conferences and tradeshows are a great way for industry veterans and beginners alike to network. These events are also an excellent opportunity to make B2B …
