Federal law prohibits legal cannabis companies from writing off business expenses like advertising and rent, so entrepreneurs in the industry need to be frugal and effective with the money they spend. Here, CEOs and cannabis executives share their advice on using social media to reach customers, suppliers, investors and the press. Popular cannabis-focused Twitter accounts and Facebook groups boasting hundreds of thousands of followers show that social media is a target-rich environment for marijuana company messaging.
California Insurance Commissioner Dave Jones has been on a mission to ensure state-legal cannabis businesses have commercial insurance coverage and with his announcement of the first California cannabis surety bond program on Feb. 21, 2018, he continues to make progress.
More strife is on the horizon for Ohio’s troubled medical cannabis program. On Feb. 20, 2018, a group of unsuccessful medical cannabis applicants, led by Jimmy Gould of CannAscend Ohio LLC, filed a lawsuit challenging the state’s medical cannabis licensing process.
While the province of Newfoundland and Labrador has its key policies in place for recreational legalization and has secured a supply agreement with Canopy Growth Corporation (TSX:WEED) to provide cannabis for the province, it is now ready to hear from prospective cannabis retailers.