Why Your Hemp Business Needs a Better Inventory Management System
Here’s the truth: Inventory management is a critical part of a successful hemp business. And the tools you’re using make all the difference.
Outdated inventory management systems strain your resources. The more manual the process, the less visibility you have across tracking and production. And whether your business is currently using pen and paper, a series of spreadsheets, or a...
Zero-Waste Hemp: A Win/Win Situation for Profits and the Planet
No matter what your reasons are for having entered the hemp industry, one thing is clear: The link between hemp and sustainability is undeniable. Hemp, in all of its resilient glory, can be used in 50,000 ways and offers sustainable solutions to unsustainable farming practices. And it’s biomass can be profitable for business. That’s a win/win we can all get behind. Here’s what you need to...
Cashing in On Smokable Hemp
Smokable hemp is among the fastest growing — and most profitable — segments of the hemp-CBD market. Annual sales are expected to grow from $70 million in 2019 up to $400 million by 2025. And although it is only a fraction of today’s $1.2 billion total hemp-derived CBD market, smokable hemp presents a lucrative...
The DEA Interim Final Rule: Concerns for Hemp & CBD Businesses
Disclaimer: This article provides an overview of the DEA’s interim final rule. It is for informational purposes only and not for the purpose of providing legal advice. You should contact an attorney with respect to any legal matter.
The U.S. Drug Enforcement Administration (DEA) recently enacted an interim final rule...
Hot Hemp Can Damage Your Business. Here’s How to Prevent It.
0.3% — it’s an absurdly low percentage that can make or break your entire hemp operation.
But that’s the limit set by Federal and state laws for the delta-9 tetrahydrocannabinol (THC) levels that can be in your hemp product.
What is hot hemp and why does it matter?
Anything above a 0.3% of THC level in hemp...
The What, Why, and How of Seed-to-Sale Tracking
December 20, 2018 was a monumental day for the hemp industry. That’s when the Agriculture Improvement Act of 2018 (more commonly known as the 2018 Farm Bill) legalized the cultivation and sale of hemp at the federal level. Prior to the 2018 Farm Bill, hemp was classified as a Schedule I substance under the...
Research Spotlight: Top Cultivation Challenges in 2020
The Cannabis Business Times just released its 2020 State of the Cannabis Cultivation Industry Report, and it highlights a gut-punching but critical subject: What makes being in this business so damn hard?
First, some good news. Despite the cannabis industry’s ever-changing rules and regulations, challenges have...
The Cannabis Industry Lives and Dies by the Data
Gone are the days of gut feelings and hunches — at least when it comes to business. As cannabis becomes more widely accepted, growers, extractors and retailers alike need to accept one critical mantra: It’s data or death. Here’s why.
Data is refuge in a COVID-19 world.
In the midst of an...
Cannabis is Essential
The COVID-19 pandemic gripping the globe has brought about a new normal wherein businesses have been divided into two distinct categories: essential and non-essential. Essential businesses provide goods and services crucial to survival, such as grocery stores, banks, and gas...