California Marijuana

The cannabis industry is expanding at a rapid pace. According to the 2022 Leafly Jobs Report, there are currently more than 428,000 full-time equivalent jobs in cannabis, with an average of 280 new positions created daily. In order to meet the demand for qualified and dependable candidates , several cannabis staffing and recruitment providers have emerged in the last decade. Promising to help operators and ancillary businesses alike, these firms offer everything from on-demand temp workers to highly-skilled executives. We reached out to many of the leading staffing and cannabis recruitment firms to learn what makes each one unique. Viridian Staffing Service Area: Headquartered in Seattle, Viridian Staffing is a cannabis staffing firm that serves temporary staffing clients in all legal cannabis and hemp markets, coast-to-coast, and provides professional recruiting services to most international cannabis markets. Specialty: Viridian began by focusing exclusively on the professio...

LOUISVILLE, Colo. – BDSA , the leading provider of market intelligence for the cannabis industry, today released its updated five-year global legal cannabis market forecast. Global legal cannabis spending grew 4.8% to $32 billion in 2022 and forecasts a compound annual growth rate (CAGR) of 13.2% from 2022 to 2027, resulting in a market size of $59.6 billion by 2027. Despite economic uncertainty and rising inflation, BDSA expects legal U.S. cannabis sales to grow 14% by the end of 2023. “Legal cannabis spending slowed significantly in 2022 due to rapid price declines across all markets,” said Roy Bingham, Co-Founder and CEO of BDSA. “Despite this, our updated forecast predicts strong growth in the U.S. driven by developing markets, particularly the adult-use markets of Missouri, New Jersey and New York. Additionally, four of the top five U.S. markets—Florida, Illinois, Massachusetts and Michigan—will increase by a combined 9.5% in 2023, adding nearly $770 million in new spending.”...

DENVER — Coda Signature, the cannabis industry’s premier infused confectionery, today announced the introduction of a quartet of celebrated chocolate bars and a trio of artisanal gummy Fruit Notes to select dispensaries across Massachusetts. For Bay State cannabis enthusiasts who savor fine chocolate, the March entrance of Coda Signature into the state’s thriving cannabis marketplace, with partner TILT Holdings (NEO: TILT) (OTCQX: TLLTF), signals the beginning of a new era for chocolate craftsmanship, as the bars instantly set a new standard for infused-chocolate excellence. For gummy devotees, Coda Signature’s vegan, gluten-free, all-natural Fruit Notes capture the delicious essences of their real fruit and artisanal ingredients, showcasing natural flavors rather than relying upon artificial additives. “Massachusetts consumers are among the most discerning and savvy in the nation, and we are thrilled to craft our sumptuous chocolate bars and Fruit Notes on their behalf,” said Coda S...

NEW YORK — Sugarmade, Inc. (OTC Pink: SGMD) (“Sugarmade,” “SGMD” or the “Company”), a product and branding marketing company investing in operations and technologies with disruptive potential, is pleased to announce it has entered into a Binding Letter of Intent (the “LOI”), dated February 21, 2023, to acquire the real estate assets and businesses of Treasure Mountain Holdings, LLC (“Treasure Mountain”), and Victorville Treasure Holdings, LLC (“Victorville Treasure”). Management believes the full resolution of this strategic process (the “Proposed Transactions”) will result in two new dynamic growth-oriented business entities: a legacy OTC company engaged in the legal cannabis marketplace and a new NASDAQ listed company involved in hospitality, entertainment, and multimedia flex-makerspace operations that holds significant real estate and other assets away from the “plant-touching” cannabis arena. Several potential structures and scenarios for the Proposed Transactions have...

BOCA RATON, Fla. — springbig (the “Company”) (NASDAQ: SBIG), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs to the cannabis industry, today debuted its new logo and added two marketing features to its suite of marketing solutions. springbig began as a scrappy start-up with a passion for helping small businesses build meaningful relationships with their customers. Years later, the Company has evolved into an innovative marketing and loyalty technology enterprise. The Company’s new logo highlights springbig’s growth and reaffirms its commitment to helping businesses cultivate rewarding connections with their customers; while the Company’s new brand identity, the springbig Bolt, exemplifies the brand’s evolution as a leader in SaaS-based marketing solutions built to energize a business’s audience and hypercharge their engagement with high-value customers. springbig has also added two marketing features to its reno...

SAN DIEGO, CA and TORONTO, ON —  StateHouse Holdings Inc. (“StateHouse” or the “Company”) (CSE:STHZ)(OTCQX:STHZF), a California-focused, vertically integrated cannabis enterprise, today announced it has entered into cultivation partnership with Refined Genetics LLC., an industry leader in genetic development and commercial propagation of world class cannabis cultivars. Through its strategic investments in plant genomics, breeding technologies, and commercial propagation, Refined Genetics is able to develop and deliver superior cultivars for the future of the cannabis industry. The purpose-driven, community-oriented company separates itself from other nurseries by unifying legacy cannabis operators and emerging businesses. “The relationship between grower and breeder should be strongly symbiotic and built on mutual benefit, trust and collaboration,” said Travis Higginbotham, Vice President of Cultivation at StateHouse. “Refined Genetics is unique because its pa...

There is a lot to consider and control when it comes to cannabis storage environments. The hundreds of chemical compounds that give cultivars unique aromas, flavors, appearance, and effects are vulnerable to alteration when buds are stored in an uncontrolled environment. As growers know , everything from air, light, temperature, and moisture levels can affect the quality and ultimately the price of cannabis flower when these conditions fluctuate too much. Luckily, we’ve come a long way from storing marijuana in staticky plastic bags or glass mason jars in a cool, dark closet thanks to new technologies for commercial farms and processors that can block UV light, automatically regulate humidity, keep aromas contained, and be used multiple times for a better return on the investment. Some simple looking marijuana storage solutions, like those produced by Grove Bags and Cannatrol, can also act as curing systems to help ensure each cultivar’s cannabinoids and terpenes reach their peak p...

In every sense of the word, there’s plenty of green in the cannabis industry these days. For companies looking to be profitable, it’s essential to have a strategy that reflects how the market currently operates . In a highly competitive, ever-evolving industry, putting time and care into your brand’s financial planning is akin to establishing deep roots in fertile soil . By positioning your company to blossom financially, you’ll ultimately benefit your bottom line and your standing in the market as an ideal investment opportunity. As chief financial officer for MariMed since early 2022, I’ve had the opportunity to oversee such efforts and watch them succeed. In hopes of providing a quick plan to make your brand a viable player in the field, I’ve put together seven strategies that have served us well. From setting realistic goals to evaluating the true cost of capital , the info below is a brief blueprint for building a profitable cannabis company. Set SMART goals In this case, SMAR...

Warren Buffett once famously said, “When the tide goes out, you see who’s been swimming naked.” The Oracle of Omaha offered this sage bit of wisdom in reference to companies’ ability to survive in lean times . In cannabis, the tide went out very quickly, leaving many founders blushing through a combination of hubris, inexperience, and the misguided notion that abundant liquidity was going to last forever. “I have spent ten years in the cannabis industry, and this is the most challenging environment I have seen for raising capital ,” said David Kram, a seasoned finance and capital markets executive and founder of Springfield Capital, a boutique investment management and advisory firm. “With most publicly traded cannabis companies down more than 80 percent from their highs a couple years ago and a market that appears to be in a recession, things aren’t looking good.” Over the past two years, the industry has been plagued by a lack of growth capital and dashed hopes of changes to the r...

As one of California’s leading cannabis brand houses, Canndescent works to elevate the customer’s experience through quality, consistency, and education. Since 2015, the company has spearheaded multiple industry firsts, including supplementing traditional strain names with curated effects to simplify the consumer experience and implementing a commercial-scale solar-powered cannabis project. Our diverse group of brands has something for every type of cannabis consumer. Calm, Cruise, Create, Connect and Charge: Canndescent has an effect to compliment every lifestyle. This allows both experts and novices alike to curate, control, and enrich their cannabis journey, pairing strains with activities. If you can answer, “How do you want to feel?” you can personalize your cannabis experience and select any of our products. good brands co. is driven by sustainability. With pure, sun-nurtured flower, good brands co. is the official cannabis brand for good times and natural living. Baker’s...

MINNEAPOLIS —  Vireo Health of Minnesota, LLC (“Vireo” or the “Company”), a physician-founded medical cannabis company based in Minneapolis, today announced that Amber Shimpa has been appointed as Chief Executive Officer, effective immediately. Ms. Shimpa’s appointment to the role follows eight years of cross-organizational leadership at the Company, including serving as the Company’s first Chief Financial Officer when it began operating under the name Minnesota Medical Solutions. Amber Shimpa commented, “I’m proud to join Kyle in this new role and lead Vireo into the future. I look forward to working more closely with our team members and partner organizations to improve the lives of patients and other Minnesotans who have been negatively impacted by the failed war on drugs. Our organization has been steadfast in its commitment to these initiatives since our inception, and we’ll continue to do this important work despite significant challenges posed by current federal regul...