Cannabis & Tech Today Vol. 6 Issue 1

FROM THE EDITOR “There's plenty to catch up on at any new job, especially when the work includes staying current on all things cannabis.” Hey, how's it going? I'm Andrew, the new managing editor at Cannabis & Tech Today. Some of you might recognize my work from various cannabis and media outlets or perhaps from one of my two books. There's plenty to catch up on at any new job, especially when the work includes staying current on all things cannabis. Patricia (Trish) Miller set a high bar as editor of Cannabis & Tech Today. As a freelance writer, I enjoyed working with her on two editions and, in the process, witnessed her ability to produce top-notch digital and print content. As the new managing editor, I hope to pick…

Anthony Coniglio is the president, Chief Executive Officer and board member of NewLake Capital Partners, Inc., an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects. Jack Grover is the founder and CEO of Grove Bags, a provider of cannabis packaging specifically tailored for the unique physiology of the plant to create the perfect climate for cannabis preservation. Patricia Miller is the former executive editor at Innovative Properties Worldwide, where she explored science, technology, and policy shaping the legal cannabis sector. Alex Rogers is the founder and CEO of the International Cannabis Business Conference, which offers world-class industry networking as well as investment and capital opportunities. The International Cannabis Business Conference has upcoming events…

Finally, Market Optimism (More to Come?) After years of market downturns and struggles, the spring of 2024 crucially yielded largely positive insights for the industry. Market optimism is on the rise for the first time in a while. Backed by stronghold sale transactions and year-over-year per-pound flower sales, businesses appear to be on the upswing. The likely rescheduling of cannabis to Schedule III highlights additional positives. Rescheduling could significantly affect the industry, removing many critical banking and tax barriers that prevent cannabis brands from operating in the black. We aren't out of the woods yet, but at least there are glimmers of light off in the distance. LeafLink Long-Term National Retail and Wholesale Sales Forecast $11.2 Billion in Wholesale Transactions for the reported period, representing an 18% increase from 2023.…

Ag-Con 2024 Indoor Ag-Con 2024 saw its largest event to date with a 16% increase in attendance and a sold-out expo floor. Held at Caesars Forum Las Vegas on March 11-12, the conference hosted 1,584 attendees from 49 states and 31 countries. The exhibitor list expanded by 54%, featuring 207 companies in 287 booths. Co-located with the National Grocers Association Show, the event attracted over 1,700 participants in total. Next year, Indoor Ag-Con will move to the Westgate Las Vegas to accommodate its considerable growth. Benzinga Cannabis Capital Conference Spring 2024 The Spring 2024 edition of the Benzinga Cannabis Capital Conference, held on April 16-17 in Hollywood, FL, attracted over 2,000 attendees, including more than 200 investors. Key highlights included sessions with industry leaders such as Kim Rivers, CEO of…

The U.S. cannabis industry generated about $29 billion in revenue in 2023, with projected growth to reach $37 billion by 2027. That figure represents a large amount of assets to protect. With so much value comes significant risk, making insurance a critical need for any cannabis business. While insurance is essential to protect the cannabis business, it hasn't always been accessible or straightforward. Fortunately, that's changing, and cannabis businesses are better able to find the coverage they need. Finding an Insurance Partner When in need of coverage and looking for a cannabis insurance partner, making the right choice is critical. Companies need a policy that fits their budget and that will cover them in the event of a claim. These three tips can set you up for success. Work with…

As the global population continues to age, the pursuit of holistic well-being among older individuals has become more prevalent than ever. A noteworthy trend within this paradigm shift is the increasing adoption of alternative medicine, particularly CBD and cannabis-derived products. These products have emerged as a promising solution for various age-related health issues such as chronic pain, arthritis, inflammation, and sleep disorders. Additionally, CBD is gaining popularity for its potential role in promoting mental well-being and reducing the symptoms of anxiety and depression, common issues among older adults. Research indicates that CBD possesses anti-inflammatory, analgesic, and anxiolytic properties, making it an appealing option for older individuals seeking relief without the drawbacks of conventional medications that often come with unwanted side effects and risks. According to a survey conducted by Forbes…