3 Tips To Futurize Your CannaBusiness With Artificial Intelligence

Here’s how cannabis companies can utilize AI to improve infrastructure and improve workflow. October 11, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Cannabis is all the rage these days. In fact, Grand View Research reports that the global legal marijuana market is expected to hit USD $146.4 billion by 2025, meaning your CannaBusiness is either at the forefront of this ever-changing industry, or will be left behind when those projected sales numbers hit. To avoid getting smoked by the competition, let alone implode due to problems such as lack of traditional credit line access, cannabis start-ups must future-proof their position, evading the exigencies of this growing, yet capricious, market.  One person who knows this well is Sara Branch. As the director of Technossus, a company renowned for accelerating businesses around tech, she helps advise organizations on how to implement emerging tools like AI. Drawing on […]

Read more

Building A Financial Plan For Your Cannabis Business? What You Need to Know

Before launching your business, make sure to know the do’s and don’ts to set yourself up for success. October 2, 2019 3 min read This story originally appeared on Cannabis & Tech Today All good business plans require a financial projection. Creating a financial projection is both an art and science. A financial projection will include projected sales, budgeted expenses, a balance sheet, cash flow, and sources and uses of funds. Also, a financial projection will help determine how much funding will be needed and the projected return on the investment (ROI). For most cannabis and hemp/CBD operators, the problem in creating a financial projection is they don’t have any historical data or industry benchmarks. If we were assisting a chemical manufacturer or construction company prepare a financial projection, we could obtain benchmark financial information from third party providers. Unfortunately, these third-party providers do not have any historical data on […]

Read more

From The Glamorous World Of Wine, Meet The Entrepreneur Leading The Gourmet Side Of Cannabis

The founder of a cannabis blog and lifestyle brand called The Herb Somm, Jamie Evans, describes her cannabis journey. September 27, 2019 7 min read Opinions expressed by Entrepreneur contributors are their own. Jamie Evans is the founder of The Herb Somm, a cannabis blog and lifestyle brand that is focused on the gourmet side of the industry. She is an educator, event host and producer, as well as a writer who specializes in cannabis, CBD, food, recipes, wine, and the canna-culinary world.  As a well-known CBD and cannabis personality, Jamie is best known for her signature canna-culinary events. In addition, Jamie is the co-editor of GoldLeaf’s acclaimed cannabis Cooking Journal, and the author of a new CBD lifestyle book, The Ultimate Guide to CBD: Explore the World of Cannabidiol, scheduled to release in spring 2020.  As an industry leader, Jamie was recently named as one of Wine Enthusiast Magazine’s “Top 40 […]

Read more

The Cannabis Industry 10 Years In: Reading The Room

Jay and Diane Czarkowski of Canna Advisors describe what a cannabis entrepreneur must look for when navigating through the industry. September 16, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. Recently, we got some outstanding news. Our first client, David, sold his business — Advanced Grow Labs, a licensed medical cannabis cultivation and processing operation — to Green Thumb Industries for $80 million. We called him up to congratulate him and asked, “Why now?” reminding him that “the show’s just getting started!” He said, “Five years ago, you taught me to read the room. The stigma is fading fast, we’ve exceeded our business objectives in all directions, and there are other things I want to do.” Reading the room is a golden skill, and it’s even more important in an emerging industry like cannabis. For David, reading the room meant knowing that the industry had matured […]

Read more

Seth Rogen Teams Up With Evan Goldberg to Launch New Cannabis Brand

Rogan, famous for portraying stoners in the movies, is a cannabis advocate and entrepreneur in real life. March 28, 2019 3 min read Brought to you by Green Market Report Actor Seth Rogen and screenwriter Evan Goldberg have joined forces with Canopy Growth Corp. (NYSE: CGC) to launch a new cannabis and hemp company called Houseplant. “Houseplant is a passion we’ve brought to life through drive and dedication,” said Seth Rogen, Co-Founder of Houseplant.  “Every decision we’ve made for the business reflects the years of education, first-hand experience and respect we have for cannabis.” Rogen was born in Vancouver and starred in the stoner film Pineapple Express. Related: Harvest Buys Verano to Solidify Market Position Post-Prohibition (Whenever That Happens) The statement said that Houseplant will be dedicated to product quality and consumer education; delivering only the highest quality cannabis product for Canadians. Houseplant said that its strains are designed to satisfy both expert and new users. Houseplant will […]

Read more

5 Things I Learned Starting a Business in the Cannabis Industry

A unique industry requires a unique approach. June 1, 2018 6 min read Opinions expressed by Entrepreneur contributors are their own. Starting a business isn’t for the faint of heart. There are constant highs and lows, and everything in between—sometimes all in a single day. For me, this roller coaster ride is an addiction. I love taking an idea and turning it into something that others value and desire. I’ve done it three times: first building an organic juice company, then a beverage distribution business, and now Willow Industries, which helps cannabis cultivators and infused product manufacturers produce a cleaner, safer product that is more likely to meet state regulations and stand out in the marketplace. Having launched a business before, I thought I had a good handle on how the process might go. But the cannabis industry has its own unique challenges, making this venture different than the others. […]

Read more

Insider Advice for Financing Your #CannabisBusiness

Looking to raise cash for your startup? With most banks out of the picture, find out what your realistic financing options are. May 30, 2018 6 min read Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from The Staff of Entrepreneur Media, Inc. and Javier Hasse’s book Start Your Own Cannabis Business. Buy it now from Amazon | Barnes & Noble | iTunes | IndieBound This article is part of Entrepreneur’s series on How to Start a Cannabis Business. We seek to promote financial inclusion through marijuana. In previous articles, we’ve looked into numerous aspects of getting into the marijuana industry, including questions you should ask yourself before jumping in and factors that could determine your success. Although we’ve written about where and how to find funding, this is a very complex issue that requires an even deeper dive. Related: Where to Find Funding for a Cannabis Business What makes it so complicated? First of all, since banks and traditional financial institutions […]

Read more