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Marijuana companies seeking real estate face limited choices and premium prices

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Experienced cannabis entrepreneurs know that ancillary companies such as construction and banking providers often charge marijuana businesses more than their non-plant-touching counterparts—the so-called “green tax.”

The green tax applies to real estate, too. Marijuana businesses regularly pay premiums for properties, whether they are retail storefronts, land or warehouses for cultivation and manufacturing.

“Yes, there is a cannabis premium,” said Berekk Blackwell, the chief operating officer at Scottsdale, Arizona-based Zoned Properties, a cannabis-focused commercial real estate leasing and investment company.

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That premium, Blackwell and other cannabis industry observers say, has a few main drivers that most other industries don’t have to contend with—at least not to the same degree as marijuana businesses.

These drivers include:

Restrictive land-use and zoning regulations. Holding fees that cannabis business owners pay landlords to keep property vacant until they receive business licenses as well as other contingency fees. Landlords and property

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What does the marijuana industry have in common with Harley-Davidson?

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(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.)

Magnus Thorsson (Courtesy photo)

Harley-Davidson’s struggles in the past decade offer a cautionary tale for the marijuana industry.

From 2014 to 2023, Harley-Davidson’s sales plummeted by 37%, driven by limited options appealing to new entrants and evolving market demands.

Efforts to attract new riders, such as women, stumbled because of heavy, costly bikes ill-suited to their needs.

Similarly, the state-regulated marijuana market is contending with slowing sales growth, intense competition and shrinking margins.

A key challenge is the lack of new consumer entrants, even as cultivation efficiencies have ramped up.

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This mismatch has resulted in a surplus of inventory, driving down prices and intensifying market pressures.

Since

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Super Bowl another opportunity for cannabis businesses to boost brand and product awareness

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The Super Bowl, like marijuana, brings people together while providing a new opportunity for cannabis brands and operators to capitalize on one of the world’s largest events.

Brand activations, special product releases and big sales discounts are all in the playbook this year as the industry preps for Sunday, when the Kansas City Chiefs take on the Philadelphia Eagles in Super Bowl LIX  at New Orleans.

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Arizona-based Mint Cannabis has already received more than 200 orders for infused pizzas for game day.

The company operates one of the nation’s only state-licensed kitchens allowed to infuse marijuana in prepared foods.

The cafe inside its Guadalupe retail store in suburban Phoenix , according to co-owner and chief operating officer Raul Molina.

From Feb. 7 to Feb.

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Colorado cannabis operator’s testing experiment yields damning pesticide, microbial and potency results

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More than 85% of regulated marijuana products sold in Colorado’s adult-use market might violate health and labeling laws, according to a recent report by one of the state’s cannabis operators.

Frustrated by the apparent reluctance of the Colorado Marijuana Enforcement Division (MED) to test state-regulated cannabis products and punish those found to be breaking the law, Justin Singer, CEO of manufacturer Ripple, asked his staffers to visit Denver-area MJ retailers on Nov. 12 and purchase the flower, shake and pre-rolls brands “they would normally purchase.”

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The company then sent unmarked, unadulterated samples – bud, pre-rolls and shake – to a state-regulated cannabis laboratory to have the products tested for potency, yeast and mold, pesticides and microbial contamination.

According to the lab results, only

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