POLITICAL:

Senators released a discussion draft of the Cannabis Administration and Opportunity Act. This potential legislation would legalize cannabis at the federal level by removing it from the list of controlled substances.

SOCIAL:

States that legalized cannabis saw a six-month decline in opioid-related ER visits. One potential explanation is that recreational cannabis usage gives individuals pain relief, but it does not ultimately treat opioid use disorder.

ENVIRONMENTAL:

A new study suggests that outdoor California cannabis farms may not use as much water as originally thought. In fact, when calculating according to value in yield, cannabis is the most water-efficient crop in the state.

PROFESSIONAL DEVELOPMENT:

Here are some tips on how to deal with burnout.

ECONOMIC:

Even though cannabis is a booming industry, it is not yet integrated into all aspects of the business world. Obtaining a real estate loan in the cannabis space poses many problems, and they may be extremely difficult to overcome.

TECHNOLOGY:

About 70% of cannabis business failures can be traced to a failure to implement practices for which there are technology solutions. Embracing a technology-first approach can make all the difference for new cannabis business ventures.

LEGAL:

There are benefits to cannabis companies taking responsibility for their environmental and social impact. Strong environmental, social and corporate governance results in bottom line benefits as well as greater investor interest.