What is Happening in the Marijuana Markets Now?
Anthony Planas is one of our key financial advisors. As he points out, the economy has been on a wild ride in the current health crisis of the COVID-19 Corona virus. Some basic stocks have fallen 50% in shock and blowback. Cannabis stocks could fair well through it all, however, That’s because cannabis is deemed essential and dispensaries are open to fulfill medical needs. A recent decline in the cannabis market already came before the recent health crisis, so they may not decline as much as many other stocks in this downturn. Through it all, cannabis stock may hold real opportunities to invest before the next long term rise.
BanyanHill.com
Business Coaching in Market Changes
Brad Grant is a business coach who helps people achieve business effectiveness. He addresses issues that many startup business do not consider until after they begin. This is especially true now after the boom in the cannabis industry because so many first time entrepreneurs opened dispensaries and other cannabis related businesses. With little experience to guide them, they ran into surprises. But with a little help, new businesses can quickly learn to work with people and analyze the process in order to adapt their approach to management. There is a difference between responding to a system and reacting to it. This can improve with leadership assessment, finding what motivates employees, knowing the obstacles and planning to overcome them. This is where coaching can be key.
GivenToFlyCoaching.com
Veterans Cannabis Group
Dan Heady leads is a group that started in the Bay area of California to help veterans gain access to medical cannabis. Today, the organization is rooted in multiple states across the country. Veterans suffer from a litany of ailments that can often be treated with cannabis. Unfortunately, not all veterans know how to get access to it, and some cannot afford it. Someone in the military could be banished from service if they seek cannabis treatment where it is not legal. The Veterans Cannabis Group was formed by veterans for veterans to bring help to those who need it.
Dispensary Security
Larry Mishkin is a private law practitioner who is also Counsel to the Hoban Law Group. He tells us how cannabis dispensaries in many states are at risk. The Justice Department reports that about 1 in 5 dispensaries will be robbed or burglarized. Federal laws and banking restrictions force dispensaries to keep cash on hand. Criminals know that a dispensary holds two things, marijuana, and cash. Neither is easily traced. This makes dispensaries stand-alone targets for theft. This brought about state mandated security plans for new dispensaries. Owners also need to guard against the potential of inside jobs. How do dispensary owners guard against risk?
Hoban.law
S2.E13. Cannabis Electronic Banking. Vertical Integration. Cannabis Recession? COVID-19 Depression.