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 …
Opportunities in the Connecticut Cannabis Market
Joining the domino of cannabis legalization in the United States, Connecticut is one of the most recent states to enact legislation that legalizes cannabis use recreationally. Connecticut previously only permitted the use of medical marijuana, but will soon allow retail sales. The state released guidelines last week that provided some answers for those interested in entering this developing market. Current Status …
Arizona’s Booming Adult-Use Marijuana Market and How to get Involved
This article was originally featured on the CB Advisors blog. Just three months after voters approved recreational marijuana in November 2020, the Arizona adult-use program was up and running, making it one of the fastest implementations in the country. Recreational marijuana sales in Arizona have been strong. MJBizDaily projects that the state’s recreational market could be worth $350-400 million in its …
CPTED for Cannabis Businesses Pt. I
Crime Prevention Through Environmental Design, or CPTED, is a method of crime prevention that involves controlling the area surrounding a business and creating strong ties with the local community. CPTED, when practiced effectively, is one of the most successful crime prevention applications for any business, but these strategies can be especially useful for high-risk businesses like cannabis businesses. Utilizing CPTED is a form of proactive security that can …
Opportunities in the Illinois Cannabis Market
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 …
Choosing Alarm Devices for Cannabis Businesses
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 …
Comparing New York and New Jersey Cannabis Laws
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 …
Protected: Secured Storage Construction for Cannabis Businesses
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Opportunities in the New Mexico Cannabis Market
New Mexico has long been at the forefront of the evolving cannabis since it became one of the first states to allow medical-use cannabis in 2007. Now, the state is fully entering the industry with the signing of legislation to legalize the recreational use of cannabis. The signing of the Cannabis Regulation Act in New Mexico follows the legalization of adult-use cannabis …
Opportunities in the Texas Cannabis Market
While adult-use cannabis remains illegal in the state, the latest Legislative Session for Texas paved the way for an expansion of the state’s existing medical-use program. Like many previous Legislative Sessions, the majority of the bills in support of cannabis failed, such as Texas HB 441, HB 2593, and HB 3948. Unlike previous years, the 87th Legislative Session saw the passage of two …