This year, the first in-person MJBizCon since 2019 was a success with 35,000 people in attendance. The conference, which took place from October 19-22 at the Las Vegas Convention Center, hosted over 1,300 exhibitors covering every aspect of the cannabis industry. Retailers could find packaging and payment solutions, cultivators could find new ways to increase their yields, and processors could access advanced methods …
Sunday is Halloween, and while this holiday isn’t weed specific, Halloween conjures up a large increase in cannabis sales across the country. Halloween now has the third highest cannabis sales of any American holiday. As cannabis legalization continues to spread, cannabis sales and use during Halloween, or “Halloweed,” are increasing. In 2016, the state of Washington generated $2.11 million in …
Industries from cannabis to food delivery have begun implementing tamper-evident packaging to demonstrate to customers (and regulators) that products have not been manipulated. The key to tamper-evident packaging is that the material is plastic. That statement may not seem revolutionary, as most packaging is indeed plastic as noted by one of the seven recycling symbols, or by simple look and feel. …
Over the past few years, Delta-8 THC has made headlines as a form of “THC-lite.” Since the 2018 Farm Bill legalized the production of hemp as long as the Delta-9 content stays below 0.3%, Delta-8 manufacturers and retailers have found themselves in a legal gray zone. Now, states must decide for themselves whether to allow the sale and possession of …
Perhaps you have heard theft of catalytic converters is on the rise. While Sapphire Risk focuses mostly on retail and cannabis security, we try to stay adept of all loss prevention issues. Legislators and police departments are attempting to tackle the issue’s status as a rising type of property crime. The catalytic converter converts toxic exhaust molecules into environmentally safe …
The business of growing and selling marijuana shows some of the fastest growth of any new industry today. Current valuations show the U.S cannabis industry to be worth $61 billion. Analysts are now predicting that the industry will be worth $100 billion by 2030. This explosive growth has brought with it an array of challenges for dispensary owners. While many …
While reactive security measures are a foundational part of any business, proactive security measures have been increasing in popularity due to recent technological advancements in the security industry. Reactive security measures are those used to respond to a crime after it occurs, but proactive security measures seek to prevent the crime from ever occurring. Reactive and proactive security measures serve different roles …
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 …
Today is 710, a holiday for cannabis enthusiasts who enjoy consuming cannabis oils, dabs, and concentrates. While 420 may still be the most universally celebrated cannabis holiday, 710 is quickly growing in popularity as cannabis access spreads throughout the U.S. The date 710 was chosen because when the numbers are flipped upside down they spell OIL. Cannabis oil products have a …
While wildfire season does not have a set start date, wildfires typically increase in the hotter summer and fall months. Wildfires are common in states like Georgia, Texas, and North Carolina, but more acres have been burned by wildfires in California than any other state. The 2020 wildfire season was the worst in state history for California and more than 1 million …
