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States that Could Legalize Cannabis in 2021 | Cannabiz Media

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We’ve seen some significant developments in cannabis legalization in the United States during the first six weeks of 2021. The five states that legalized recreational and/or medical marijuana during the 2020 election have already started on their program implementation processes with Arizona aggressively approving more than 100 adult-use licenses.

Aside from Arizona, Mississippi, Montana, New Jersey, and South Dakota launching medical and/or adult-use sales through new programs in the coming year (assuming all goes smoothly with their timelines), there are other states that could push legalization through via the legislative process during 2021. Let’s take a look at some states that have been getting buzz for this very reason.

States that Could Legalize Recreational Cannabis in 2021

There are 11 states that pundits have been talking about in conversations about legalization in 2021, and some of those states are more likely to move forward than others.

Connecticut

With New Jersey residents voting to approve adult-use cannabis in the November 2020 election, other states in the Northeast are feeling the pressure to legalize too. Otherwise, residents will drive to New Jersey to purchase recreational cannabis, and states like Connecticut will lose the tax revenue that comes with those sales.

Currently, Connecticut has a very restrictive medical cannabis program, but with Massachusetts to its north, New Jersey to the south, New York to the west (which pundits expect to legalize adult-use cannabis soon), and an ocean to the east, the state will be surrounded by legalized adult-use states in the near future.

The state legislature has publicly committed to voting on legalization in 2021. It’s soon going to become very difficult for them to justify not legalizing.

Delaware

Another part of the blue wave of east coast states that have already legalized adult-use cannabis or are expected to do so in the near future, Delaware is another victim of geography in terms of its inability to delay legalization for much longer. After all, it’s a quick drive across the Delaware Memorial Bridge to get to New Jersey.

So far, Delaware’s governor has been against legalization, but you can’t slow progress or the will of the people. It seems like Delaware is another state where legalization is inevitable sooner rather than later.

Maryland

Shifting a bit further south, Maryland is bordered by the District of Columbia, where recreational cannabis is already legal, and Virginia, where lawmakers passed two adult-use legalization bills on February 5, 2021.

Unlike Delaware’s governor, Gov. Larry Hogan of Maryland has not publicly declared a specific stance on legalization, but the state does seem further behind in the legalization process via legislation than other states in this article.

Minnesota

Voters in Minnesota’s western neighbor, South Dakota, legalized both adult-use and medical cannabis at the same time in the 2020 election, so the marijuana landscape in the Midwest is beginning to change. However, the state’s Republican-controlled Senate is still causing a roadblock that may be hard to overcome in 2021 as it relates to recreational cannabis legalization.

New Mexico

New Mexico’s governor wants cannabis legalization, and pundits believe 2021 is the year legislators will be able to move a legalization bill through the state’s Senate. With Arizona to New Mexico’s west legalizing adult-use cannabis in the 2020 election and awarding 102 licenses within the first six weeks of 2021, New Mexico legislators may feel more motivated to speed things along.

New York

New York is a state to watch for adult-use legalization in 2021 with the governor and recently top Republicans in the state getting onboard. With Democrats in the Senate now having a supermajority in the state, it’s expected that legalization will happen this year.

That’s good news because when New Jersey’s adult-use market opens, the state would undoubtedly lose a lot of sales and tax revenue to the Garden State.

Pennsylvania

A big budget deficit and adult-use cannabis legal in New Jersey (and probably other states within a short driving distance very soon), it’s only a matter of time until Pennsylvania legalizes too. The governor has been pushing for it, but with Republicans still in control in the state, it may not be enough to get a bill passed in 2021.

Rhode Island

Rhode Island is surrounded by Connecticut, where adult-use cannabis could be approved in 2021, and Massachusetts, where it’s already legal. This is another state where it makes more sense to legalize recreational use than it does to keep it illegal.

The state’s Senate finally seems to be figuring that out and legalization may just make it into conversations in 2021, especially as it relates to recovering from the negative economic impact of COVID-19.

Texas

There are already bills filed and waiting for discussion in Texas related to legalizing recreational cannabis. It seems unlikely that anything would pass in 2021, but stranger things have happened in the cannabis industry.

Virginia

Virginia is a state to watch in 2021. The governor included money in his budget released in December 2020 for legalization, and on February 5, 2021, the House of Delegates and Senate passed two different legalization bills.

Wisconsin

With Illinois to its south enjoying significant tax revenue from a robust adult-use cannabis market, Wisconsin is eying legalization in 2021. However, getting anything related to legalization passed by Republican leaders in the state has been unsuccessful in the past and will probably continue to be unsuccessful in the near future.

Wisconsin is a state where voters seem ready to approve adult-use legalization based on voting patterns in previous state and local elections. We’ll have to wait and see whether or not the legislature will pass something based on what residents are telling them with their votes.

States that Could Legalize Medical Cannabis in 2021

There are the three states that pundits have been talking about the most when it comes to legalizing medical cannabis this year.

Alabama

This could be a long shot, but Alabama’s House and Senate leaders have publicly stated that they’d consider medical cannabis measures. That’s about as far as they’ve gotten so far, but it’s getting harder and harder for states to not legalize medical cannabis. We’ll see if they can hold out for another year or if 2021 is the year medical cannabis is finally approved in Alabama.

Kentucky

Polls show the majority of Kentucky residents support legalizing medical cannabis, and the state’s governor has publicly stated his support of it. Legislation didn’t make it out of the state’s Senate in 2020, so only time will tell if there is success in 2021.

South Carolina

After five years of “vetting,” “testimony,” and “input,” Senator Tom Davis of South Carolina publicly stated that there is a good chance medical cannabis could pass in 2021. However, the state’s governor has said he will oppose legalization. Will 2021 be the year? It seems doubtful, but there is still a glimmer of hope.

Key Takeaways about States that Could Legalize Cannabis in 2021

Some states are certainly farther along the path to adult-use cannabis or medical cannabis legalization in 2021, so it will be interesting to watch which states’ legislators can actually pass meaningful reforms this year.

All eyes are definitely on the Northeast where a domino effect of legalization has been predicted since New Jersey residents voted yes to recreational cannabis in November 2020. It’s really just a matter of which state legalizes first at this point. Which state do you think it will be?

Want to keep track of new and changing cannabis licenses across the U.S., Canada, and international markets? You can do it with the Cannabiz Media License Database. Schedule a demo to see how you can use it for research, lead generation, sales, business development, marketing, and more.

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Source: https://www.cannabiz.media/blog/states-that-could-legalize-cannabis-in-2021

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Irish start-up raises funds to get farmers to grow hemp using drones

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An Irish start-up has just raised $5.3 million (€4.5 million) in financing to provide loans to farmers in Ireland and across the world to encourage them to grow hemp for use in cannabidiol (CBD) products.

Co Meath-based Greenheart CBD, which was founded by Paul Walsh and Mark Canavan two years ago, uses drones and artificial intelligence to help maximise crop cultivation by continually monitoring plant health.

The company, which previously secured a government licence to grow hemp with farmers in Co Wicklow, has developed a number of organic CBD products for consumers that have full traceability “from seed to shelf”.

CBD is the lesser-known compound found in the cannabis sativa plant; its more famous sibling, tetrahydrocannabinol, or THC, is the active ingredient in marijuana.

Having recently signed a major distribution contract with Uniphar to distribute its products, the company is now looking to expand its supply chain. It has managed to grow, in retail terms, $12 million worth of crop so far from 10 acres in Ireland but now wants to secure more hemp, particularly from the developing world.

Cannabis association

Despite the growing popularity of CBD products, many farmers find it difficult to obtain financing from banks for hemp production due to its connection with cannabis. Greenheart is therefore stepping in to lend directly to them via smart contracts, which are built on blockchain technology.

Farmers essentially sign up for a package that allows them to start growing hemp immediately. As well as seeds, they get a drone and other smart technology that allows them to produce the purest crop at a decent yield. Greenheart then buys the crop from them.

The drones are used to continually monitor the health of the crop, and they have retractable arms that can remove weeds, pick buds and so on.

“There hasn’t really been an upgrade in terms of technology in agriculture since the introduction of the tractor but I believe that drone technology could change everything,” said Mr Walsh.

A typical loan to a farmer using the company’s lending model could be anywhere between $500 to $50,000 over five years, with interest at 5 per cent. Greenheart estimates that a farmer in the developing world might typically realise $1,500 per annum from existing cash crops but that they could get $2,500 per crop cycle from an acre of CBD cultivation.

Full traceability

According to Mr Walsh, its model could transform the livelihoods of farmers while also giving the company access to the highest-quality hemp, while consumers get full traceability of products that aren’t harmful to the environment.

“Greenheart CBD has committed itself to making a difference in today’s world with a unique and original approach to helping smallholders climb from the poverty trap,” said Liam Robertson, chief executive of Alphabit Fund, which has led the $5.3 million fundraiser.

The company is shortly to publicly launch the Greenheart Punt, a digital token that can be bought and sold. The €5.3 million raised has come from investors buying some of these tokens with others to be made available more widely shortly. One punt is equivalent to $0.10 with 150 million tokens minted in total.

Those who have tokens will be able to use them to access Greenheart products at a significant discount. Money raised via the punt will also help the company finance the purchasing of new land for CBD production, and go towards building a decortication plant to enable an expansion into other product lines, including insulation materials and bio-plastics.

Greenheart is already in profit and has secured over 2,500 customers since it launched in January 2020.

Source : https://www.irishtimes.com/business/agribusiness-and-food/irish-start-up-raises-funds-to-get-farmers-to-grow-hemp-using-drones-1.4534453

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4 Tips to Market Your Marijuana Dispensary

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Even Marijuana Needs Marketing

Marijuana has become a household name. It has already turned that page of history when speaking about weed or smoking it was considered illegal and was punishable. Nowadays, people have a more accepting attitude to the preferences of others and many of them advocate for diversity of opinions and choices. Marijuana, cannabis, and weed, in general, have always been the subject of hot debates, but one thing is clear. People need them for various reasons. Some use marijuana to get that feeling of satisfaction, to feel happy, while others opt for it for recreational purposes. This means that the owners of marijuana dispensaries and shops already have a long-developed customer base. The only thing remaining is to target them carefully and market your product correctly to win their loyalty and trust.

Tip #1. Personal Values

Surprisingly, personal values play a significant role in choosing marijuana over other types of relaxing and recreational activities. Studies have shown that young adults, especially, highly value their health and well-being. However, as this period is probably the most stressful among the others in the human lifespan, young adults very often need something to unwind and have some rest. For these purposes, they can choose weed. Research has shown that young adults consider marijuana healthier than alcohol, and it has become an essential part of their emotional wellness.

Tip #2. Teach New Ways

This can be very applicable to adults and baby boomers. Thinking that marijuana can be interested only to youngsters is the very right step to cutting down a large part of your potential buyers. It turns out that baby boomers have been also interested in marijuana for years; however, they refrained from using it due to societal constraints. As a result, the boomers might not be very well aware of the new and healthier ways to consume marijuana. The best approach here is to advertise and educate boomers on the health benefits of it. On the other hand, it would be great to train your staff to be welcoming to boomers. The latter usually seek information and are very keen on learning and trying something new.

Tip #3. Use Personas in Your Marketing

Personas are a very powerful tool when it comes to marketing. When you do market research, you will see that certain population groups are especially interested in your product. Those groups can be broken down into subgroups based on their gender, occupation, location, etc. For each of them, you can create a persona – a representative figure which accumulates the interests and the motives of these groups in one person. You can name her or him the way you want; the important thing here is that you can consider that persona’s internal frame of reference every time you present a new product. You can use him or her to find out whether that new offer will work for that particular group or not. Based on various reasons, like the frequency of their purchases or benefits they want to get, you can come up with something even better.

Tip #4. Use customized items.

Using custom-printed items would do a great favor to any marijuana dispensary. It is something that helps stand out and promote your business without putting much time and effort into creating something new. Ganjaprint, an all-inclusive store of custom-branded promotions for dispensaries and smoke shops provides a big variety of lighters, bags, matches, grinders, jars and rolling papers, and much more. The best thing about Ganjaprint is that the dispensary-owner can order its logo to be printed on any product, which will make it more recognizable and would differentiate it among the others. For example, Ganjaprint has already come up with designs for refillable custom clipper lighters with a 72-hour rush print offered. Using their website, you can order these lighters or any item that you want choosing the colors and the location.

Marijuana’s Four

By carefully using the tips above any shop owner can make sure that he/she targets the right audience and communicates the products in the right way. On one hand, knowing your customers and speaking in their language would serve the need to win their hearts. On the other hand, applying for the services of Ganjaprint and ordering your unique items will help your product be in use longer than any alternative to it.

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Cannabis

4 Tips to Market Your Marijuana Dispensary

Avatar

Published

on

Even Marijuana Needs Marketing

Marijuana has become a household name. It has already turned that page of history when speaking about weed or smoking it was considered illegal and was punishable. Nowadays, people have a more accepting attitude to the preferences of others and many of them advocate for diversity of opinions and choices. Marijuana, cannabis, and weed, in general, have always been the subject of hot debates, but one thing is clear. People need them for various reasons. Some use marijuana to get that feeling of satisfaction, to feel happy, while others opt for it for recreational purposes. This means that the owners of marijuana dispensaries and shops already have a long-developed customer base. The only thing remaining is to target them carefully and market your product correctly to win their loyalty and trust.

Tip #1. Personal Values

Surprisingly, personal values play a significant role in choosing marijuana over other types of relaxing and recreational activities. Studies have shown that young adults, especially, highly value their health and well-being. However, as this period is probably the most stressful among the others in the human lifespan, young adults very often need something to unwind and have some rest. For these purposes, they can choose weed. Research has shown that young adults consider marijuana healthier than alcohol, and it has become an essential part of their emotional wellness.

Tip #2. Teach New Ways

This can be very applicable to adults and baby boomers. Thinking that marijuana can be interested only to youngsters is the very right step to cutting down a large part of your potential buyers. It turns out that baby boomers have been also interested in marijuana for years; however, they refrained from using it due to societal constraints. As a result, the boomers might not be very well aware of the new and healthier ways to consume marijuana. The best approach here is to advertise and educate boomers on the health benefits of it. On the other hand, it would be great to train your staff to be welcoming to boomers. The latter usually seek information and are very keen on learning and trying something new.

Tip #3. Use Personas in Your Marketing

Personas are a very powerful tool when it comes to marketing. When you do market research, you will see that certain population groups are especially interested in your product. Those groups can be broken down into subgroups based on their gender, occupation, location, etc. For each of them, you can create a persona – a representative figure which accumulates the interests and the motives of these groups in one person. You can name her or him the way you want; the important thing here is that you can consider that persona’s internal frame of reference every time you present a new product. You can use him or her to find out whether that new offer will work for that particular group or not. Based on various reasons, like the frequency of their purchases or benefits they want to get, you can come up with something even better.

Tip #4. Use customized items.

Using custom-printed items would do a great favor to any marijuana dispensary. It is something that helps stand out and promote your business without putting much time and effort into creating something new. Ganjaprint, an all-inclusive store of custom-branded promotions for dispensaries and smoke shops provides a big variety of lighters, bags, matches, grinders, jars and rolling papers, and much more. The best thing about Ganjaprint is that the dispensary-owner can order its logo to be printed on any product, which will make it more recognizable and would differentiate it among the others. For example, Ganjaprint has already come up with designs for refillable custom clipper lighters with a 72-hour rush print offered. Using their website, you can order these lighters or any item that you want choosing the colors and the location.

Marijuana’s Four

By carefully using the tips above any shop owner can make sure that he/she targets the right audience and communicates the products in the right way. On one hand, knowing your customers and speaking in their language would serve the need to win their hearts. On the other hand, applying for the services of Ganjaprint and ordering your unique items will help your product be in use longer than any alternative to it.

source link:platodata

 

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Cannabiz Media Client Spotlight – Shield Compliance | Cannabiz Media

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Shield Compliance is a comprehensive compliance management platform for banking cannabis-related businesses. The company’s focus is on transforming the way cannabis banks and legal marijuana financial institutions manage risk, comply with regulations, and satisfy operational demands across the United States.

Cannabiz Media recently spoke with Tony Repanich, President and Chief Operating Officer at Shield Compliance, to learn more about how he and his team use the Cannabiz Media License Database to support their business development, data intelligence, and license verification processes.

Why Does Shield Compliance Subscribe to the Cannabiz Media License Database?

Shield Compliance subscribes to the Cannabiz Media License Database for access to reliable industry intelligence and licensing data for the cannabis industry. “We rely on the Cannabiz Media License Database to bring information into our platform,” shares Tony Repanich. “It’s an important part of our license verification process and our licensed data set.”

Thanks to the reliable data in the Cannabiz Media platform, Tony and his team save a significant amount of the time and frustration previously required to find the data they need to do their jobs. 

Tony explains, “There are a lot of states that make it very difficult to get information about the licenses they’ve issued and the enforcement actions they’ve undertaken. Where we can get direct state integration to get data, we do that. However, where we need an additional uplift in terms of boots on the street or boots on the phone and keyboard to get the information from states that are more difficult to deal with, we rely on the Cannabiz Media License Database to bring that information into our platform.”

Bottom-line, Tony says, “The Cannabiz Media team has done a great job bringing together that information and having diligence around filling those gaps.”

What’s Next for Shield Compliance?

A big focus for Shield Compliance in the near future is its new onboarding solution. Tony explains, “We brought our new onboarding solution to market at the end of 2020, and it’s really helping our bankers streamline the onboarding process and creating a much better client experience. We’re really excited to get that in front of more bankers this year.”

With more states legalizing cannabis and launching new cannabis programs, Shield Compliance is focusing on future trends and the evolving industry. “We’re having a lot more conversations with bankers that we’ve never talked to in the past, like New York and New Jersey,” Tony shares. “We’re also having a lot more conversations with bankers about their willingness and ability to lend, which is great for the industry.”

For more information about Shield Compliance and to hear additional insights from Tony Repanich, follow the link and listen to Cannabiz Media’s recent Cannacurio podcast episode featuring Tony as the special guest.

To learn more about how subscribing to the Cannabiz Media License Database can help your business like it helps the team at Shield Compliance, follow the link and schedule a free demo.

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Source: https://www.cannabiz.media/blog/cannabiz-media-client-spotlight-shield-compliance

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