The New Jersey Cannabis Regulatory Commission announced on November 9th that it will begin accepting applications next month. The initial deadline set by the state was not realized in September, but now it appears that the program roll out is back on track. Applications for Class 1 Cultivator Licenses, Class 2 Manufacturer Licenses, and Testing Laboratory Licenses will be accepted starting …
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 …
How Can Sapphire Risk Help? Tony Gallo and the team at Sapphire Risk Advisory Group are prepared to help with ensuring installed security is compliant and cost-efficient. Follow us on social media to stay up to date with cannabis industry updates! Author If you are a current operator (or want to be) Tyler Stratford can help! When Tyler got out of …
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. …
Since the early days of legalization in states like California, Colorado, and Washington, the landscape of the cannabis industry has changed dramatically. In fact, the United States cannabis market of today hardly resembles what it did just 8 short years ago. Now, recreational legalization efforts may be expanding to include states like Arkansas, Florida, and Oklahoma. Each year, new states that …
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 …
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 …
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 …
