Legal cannabis in Canada is booming. In fact, Statistics Canada reported cannabis sales reaching an all-time monthly high nationally, at just over $270 million in October of 2020. Given the rapid financial growth of the Canadian cannabis industry since it was legalized nationwide in October 2018, retail businesses selling cannabis need to manage their finances expertly. With this in mind, those hoping to enter cannabis retail must ensure accounting best practices are in place. With the national cannabis industry continuing to grow, any retail business selling cannabis products should always prioritize their long-term financial sustainability, and how to build a.. READ MORE »
Extraction is a core aspect of the cannabis industry, referring to the process of removing the most potent chemical compounds of the plant so that they can be used as ingredients in various cannabis products. There are several approaches for removing the most sought out cannabinoids of the cannabis plant. Hydrocarbon extraction is one of these approaches, gaining attention in the industry due to the efficiency of the technique, and the high-quality results of the extraction. The increasing popularity of this method makes it important for anyone entering this field to have some understanding of how it works, and some.. READ MORE »
Microbial testing is an important part of quality assurance in the cannabis industry. Health Canada requires cannabis producers to conduct quality assurance tests, ensuring that any microbial or chemical contaminants are within the tolerance limit of the Cannabis Regulations. Students learning about cannabis might want to discover how quality assurance and control impacts the industry. Taking a cannabis training program can provide a solid foundation in good laboratory practices and the various laboratory techniques that impact quality assurance. This blog post aims to take a closer look at how microbial testing works, highlighting its uses and importance in the cannabis.. READ MORE »
The cannabis industry is heavily regulated, meaning that entrepreneurs must abide by specific rules and conditions to set up their dispensaries. These strict regulations extend to marketing initiatives. Marketing a cannabis dispensary under heavy regulations can be a challenge, but it is still possible. When starting your business, be sure to develop solid marketing strategies that meet the guidelines under the Cannabis Act. Here’s a closer look at some of the ways you can bring more customers to your dispensary. Understanding Marketing Regulations to Abide by Them First and foremost, you’ll need to have a solid understanding of the marketing.. READ MORE »
As a cannabis quality assurance professional, you’ll want to ensure that the production of cannabis can be scaled up sufficiently while also meeting high standards. However, accomplishing this is a challenge in and of itself. Although recreational cannabis is legalized in Canada, scaling up faces both the typical challenges associated with growing any business, along with some unique hurdles. Between meeting regulations set out by Health Canada, as well as approaches for eliminating pests and ensuring there’s enough product to meet demand, scaling up cannabis growth operations doesn’t come without its share of obstacles. However, those hoping to accomplish this.. READ MORE »
Just as professionals in the general foods industry must create rigid manufacturing protocols to prevent foodborne illnesses and other types of hazards, cannabis industry professionals must also take precautions when producing edibles. Regulated by Health Canada, edibles are relatively new to the market. When working on edibles, there are several factors that professionals must take into consideration to prevent products from being contaminated with bacteria, mold, and other types of harmful pathogens. A failure to comply with protocols can lead to potential mishaps, legal consequences, and closure of the manufacturing facility. To understand more on how to keep edibles free.. READ MORE »
This past year lay witness to challenges for many business niches as a result of the global pandemic. However, cannabis was one sector that was relatively unscathed and in some ways benefitted from the pandemic. Many are predicting continued expansion and additional shifts that could bode well for the cannabis industry in 2021. To understand more on what to expect in the next year, let’ take a closer look at a few of the trends and challenges trade insiders are discussing. Continued Adaptations to the COVID Business Reality The majority of businesses that have managed to survive the pandemic, regardless.. READ MORE »
Just as grocery stores, retailers, and all kinds of other businesses must take regular stock of their inventory, cannabis dispensary operators must also keep careful track of what exactly remains in store, and how much more product will be needed to meet customer demand. The cannabis industry takes the practice a complicated step further, however, with a priority placed on compliance with strict regulatory oversight in order to avoid fines, license suspensions or revocations, and other possible legal repercussions. To understand more on what a dispensary can do to improve the tracking and management of its inventory, let’s explore the.. READ MORE »
In the field of cannabis production, the extraction technician plays a crucial role in the development of many products, having the specialist training needed for removing the cannabinoid-rich trichomes from the flowers of the cannabis plant. Beyond the training required for removing the most potent chemical compounds of the plant, the technician is also an expert in refining the extracts to improve the purity of the formulated products they will eventually be sold as. Due to the scientific nature of the work, and the specialist knowledge required for avoiding the inherent dangers of handling the tools of the trade, extractors.. READ MORE »
As a graduate of a cannabis diploma program, you will have gained an invaluable new level of insight into cannabis production, and may feel ready to take on the business world as soon as you’re approved for a cannabis retail license. The success of your venture will be reliant on your academic knowledge and official paperwork, as well as the professionalism and efforts of the wider team behind you. As the saying goes, “a company is only as good as its people.” So how can you ensure all your employees are on the same page as you with regards to.. READ MORE »
