Despite the incessant nitpicking on the part of Ohio’s Republican leadership, which is seeking changes to the Nov. 7 voter-approved initiative that legalized adult-use cannabis, one Cleveland representative has stepped up to question what many are calling anti-democratic procedures.
Republican Governor Mike DeWine and Ohio Senate president Matt Huffman are seeking, among other changes, to redirect the usage of the hundreds of millions likely to be raised by excise taxes. One example that is raising the most dissent is the Republicans ‘ insistence on utilizing cannabis revenue for law enforcement rather than the agreed-upon social equity program and community reinvestment that earmarked tax dollars to support individuals who have been “disproportionately affected by past marijuana-related law enforcement.”
Enter Juanita Brent
Ohio Rep. Juanita Brent (D-Cleve) underscored the importance of having people who were directly impacted by cannabis prohibition participate in the legal marketplace and have seats at the table, as the Republican leadership moves ahead with its changes.
“If you’ve been criminalized by cannabis, the best thing you can do is come back into the field,” Brent told The Statehouse News Bureau.
Brent also pointed out that it is equally important that those involved in amending the initiative, known as Issue 2, are not outright anti-cannabis crusaders, which alas seems to be the case in Ohio.
Why Are Prohibitionists Making These Decisions?
“Ohioans have to remember that the people who are trying to be the loudest at the [statehouse] are people who were anti-cannabis,” Brent said. “We cannot have anti-cannabis people leading on what’s going to happen with cannabis. We need people who are involved. We need people who have been doing the work. We need people who have been advocating.”
Social equity provisions, by the way, are built into every legal marijuana program across the U.S. as a way to deal with well-documented racial disparities in marijuana arrests.
“We need to build more cultivators because there is going to be a lot of demand. We can have dispensaries that we want in the state, but if we don’t have cultivators there will be an increase in price,” she said.
GOP Lawmakers Running Out the Clock Before Dec. 7 Deadline
Republican lawmakers have said they are planning to publicize their policy changes to Issue 2, Huffman said last week, although he did not give details on the exact proposals or a timeline.
Huffman famously implied last week that Ohioans had not understood that the social equity elements in the new legalization law were prioritizing people affected by past cannabis-related enforcement.
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#IntheWeedswithSteve
Be patient Florida, this too, shall pass! Steven M Smith InspirationalTech.org CEO since 2013.
What is in store for Hemp Derived Products in 2024. History may repeat itself.
CBD companies are tasked with seizing this opportunity while navigating the significant hurdles. As a founder and owner, here is my take on the crucial developing issues in my industry, along with predictions about what will happen.
CBD sales in the U.S. hit $4.6 billion in 2020, a massive number just two years after hemp-derived cannabinoids were federally legalized. This growth is only expected to accelerate, with two notable forecasts projecting a U.S. market of $15 billion to more than $20 billion by 2025 and 2024, respectively.
CBD companies currently offer a pretty wide range of products. Nevertheless, this diversity will increase as more companies introduce products that hyper-concentrate on each of the over 100 minor cannabinoids found in the hemp plant. Formulations focusing on cannabinol (CBN), cannabigerol (CBG) and other compounds and mixes will be developed for specific use cases.
2. Regulatory challenges remain, and it will take Congress to clarify things.
Despite being federally legal, we’ve observed that CBD companies still have problems obtaining capital and standard services from banks and other financial services institutions. And the ability to market CBD as a safe and effective substance is limited by how the FDA classifies it.
Ultimately, the U.S. Congress has the authority to address these issues, and there is current legislation aiming to do just that, such as the Safe Banking Act of 2021, the Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act of 2021 and the Hemp Access and Consumer Safety Act. Crucially, those last two pieces of legislation would pave the way for the FDA to authorize marketing CBD as a dietary supplement. This development will open up many forbidden or restricted marketing and distribution channels, leading to greater sales and brand exposure.
3. Big-box retail access will spur sales while stabilizing and improving supply chains.
Once companies can market CBD as a dietary supplement, it’s my opinion that it will hit the mainstream of brick-and-mortar retail. In particular, big-box chains will offer a range of topicals and ingestibles in various product categories and applications.
This new distribution could vastly grow the market while benefiting various supply chain components, including hemp farmers and labs that conduct the extraction, distillation, crystallization and isolation of CBD from plants. A particular benefit will be incentivizing more quality labs to get in the CBD game, as many facilities now hesitate to stray from their core competencies. The price of raw materials will also drastically increase as retail demand grows.
4. More big names will get into the game through acquisitions.
Huge companies have been hesitant to embrace CBD as its initially “Wild West” market goes through growing pains. But once the regulatory landscape clears and stabilizes, I believe many corporate giants will look to diversify their product lines with CBD and add brand-new products that open avenues of growth. Companies like Procter & Gamble, Johnson & Johnson, Coca-Cola, Unilever and more may get into the game, and they’ll do it through acquisitions of existing CBD market leaders.
Affecting industries as diverse as cosmetics, food and beverage and pharmaceuticals, the exploding CBD (cannabidiol) market has generated considerable headlines, providing fodder to umpteenth analysis and forecasts. The latest one, by leading cannabis researchers BDS Analytics and Arcview Market Research, projects that the collective market for CBD sales in the U.S. will surpass $20 billion by 2024.
5. Education, quality assurance and safety will skyrocket.
An all-time high in public education about cannabinoids will accompany the mainstreaming of CBD. Through this, consumers will be able to feel more confident and safer while purchasing products that are smartly regulated.
Many CBD companies, which now mainly self-regulate, will be forced to improve their quality assurance and compliance efforts to survive. And the providers who already sell high-caliber products will finally reap the rewards of their investments in R&D and production that have necessarily reduced ROI.
The future of CBD is bright, but it still hinges on crucial developments.
In some ways, the CBD industry is an unstoppable juggernaut. It’s already a multi-billion-dollar sector that will only get bigger, as millions of consumers have made their preferences clear. But CBD companies still have to navigate many unique hurdles, from obtaining capital to using standard payment processing to being able to market on regular channels.
The crucial developments that will remove these barriers are the FDA classifying CBD as a dietary supplement, the industry’s unrestricted access to financial services and an intelligent regulatory framework that increases product quality and safety across the board.
As the owner of a CBD company, I am in wait-and-see mode like many of my colleagues. We simply steer through these challenges to grow our companies. But I believe that lawmakers will solidify the status of CBD soon, removing barriers to innovation, safety and, ultimately, the normalization of the industry. When that happens, even more growth — exponential growth — is on the horizon.
According to a Forbes article, the CBD industry is in a unique position as a substance that was federally illegal before the passage of the 2018 Farm Bill, hemp-derived cannabinoids with no more than 0.3% THC still face a regulatory grey area. This ambiguity creates a host of novel challenges in financing, marketing and producing products. But simultaneously, the industry and market are growing incredibly fast. CBD sales in the U.S. hit $4.6 billion in 2020, a massive number just two years after hemp-derived cannabinoids were federally legalized. This growth is only expected to accelerate, with two notable forecasts projecting a U.S. market of $15 billion to more than $20 billion by 2025 and 2024, respectively. CBD companies currently offer a pretty wide range of products. Nevertheless, this diversity will increase as more companies introduce products that hyper-concentrate on each of the over 100 minor cannabinoids found in the hemp plant. Formulations focusing on cannabinol (CBN), cannabigerol (CBG) and other compounds and mixes will be developed for specific use cases1.
We are often faced with our own personal conflicts which directly influence our interactions with our peers and family.
When Inspirational Technologies is an endorsement of the “Cannabis” approach to the medical condition, we say, let’s let the look at the data and the people who say that they benefit for cannabis alternatives.
Beginning in Late November 2023 Inspirational Technologies will promote the long-awaited series, “In the Weeds with Steve “. An Inspirational Technologies production under their own “Background Noise Productions Studios.
1st Hemp USA News is a resource of Inspirational Technologies (2021-2023)Inspirational Technologies (2023) AllRightsReservedYour ONE STOP BLOG FOR INFORMATION, EDUCATION, & INSPIRATION OF ESSENTIAL INNOVATION & RENOVATION of You-THANK YOU FOR YOUR INTEREST*This site receives virtually no compensation for sales of some or all mentioned products. We however place humanitarian value over monetary interests. Our monetary income goes back into research, development, discovery and healing.Inspirational Technologies – is Committed to Your Health Wellness Beauty and EnrichmentReporting on Today’s Internal Botanical and Skin Product Benefits
4 Hemp Club was Inspired by Steven Smith’s vision to “Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.
Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the
4 Hemp key points being Health Hope and Happiness, thru Hemp“.
Cannabis CBD and Me Inspirational Technologies Inspirational Technologies (2014) @Inspire123tech Background Noise Studios Logos bySteven M Smith
Ohio certainly wasn’t the first state to legalize recreational cannabis — 23 other states have done so since 2012 — but the Buckeye State’s arrival on that list could ultimately be quite consequential for the growing industry.
Ohio voters’ approval of a legalization measure on Tuesday comes just months after cannabis saw some of its most significant movements at the federal level. In late August, a US Department of Health and Human Services official recommended that marijuana be reclassified as a Schedule III drug. One month later, a cannabis banking bill passed a key Senate committee.
A conservative and politically influential state such as Ohio legalizing marijuana should be the straw that breaks the proverbial camel’s back in terms of bringing federal regulation to cannabis, said Andrew Freedman, a partner at Forbes Tate and executive director of the Coalition for Cannabis Policy, Education and Regulation. “As Ohio goes, so goes the nation,” he said.
“It’s not the reddest [state] — the reddest was Missouri — but it is historically important, nationally important, presidentially important,” Freedman told CNN. “I honestly think it will have massive reverberating effects on what Congress has to do about this.”
More than two-thirds of US states have legalized cannabis in some capacity: 38 states have approved comprehensive medical cannabis programs, and Ohio brings the recreational total to 24 states.
And support for legalization continues to grow. A record 70% of US adults surveyed by pollster Gallup said that cannabis use should be legal, according to a new poll released Wednesday.
Still, cannabis remains federally illegal, and marijuana is classified as a Schedule I substance, the harshest of all drug classifications.
“A ‘no’ vote does send a signal across the nation that this is a major, middle-of-the-road/leaning-right part of this country that is saying, ‘Not too fast,’ and yet it passed by an overwhelming margin,” Freedman said. “I do think that it is a very clear message to the federal government that prohibition is no longer the law of the land, even though it remains on the books.”
For Ohio regulators, legislators and business operators, now comes the hard part.
More work to come
The voter-approved recreational measure approved this week is far afield from early legalization efforts in the state. In 2015, residents overwhelmingly voted against a medical and adult-use measure that would have limited growing and sales to 10 properties, all of which were owned by an investor group that included the 98 Degrees boy-bander Nick Lachey.
The law allows for adults over the age of 21 to buy and possess up to 2.5 ounces of cannabis and grow some plants at home for personal use. Legal sales will be subject to a 10% excise tax, as well as other local and state taxes, and those proceeds will go toward communities with dispensaries, programs such as small and minority business development, and addiction treatment.
Existing medical cannabis dispensaries will have the opportunity to be grandfathered in and have first crack at licenses, but municipalities can decide whether to allow sales.
Since it’s a citizen-initiated measure and not a constitutional amendment, it could be modified or repealed in the Republican-controlled state legislature. Some lawmakers and Republican Governor Mike DeWine have opposed legalization.
But Freedman said: “I think the legislature needs to be careful, because it passed with large amounts of support (57% of voters approved), and generally, you should respect the will of the voters. But if there are parts of the bill that would create a lack of accountability, then those should be shored up.”
“For the most part, I think that they should have the nuts and bolts of a system that can have good inventory control, take bad actors out of the market and make sure that sales will stay internal to Ohio,” he said.
Some legislators may try to “slow walk” implementation or try to scuttle it; however, others who see it as a potential economic development boon may try to push it forward, said Douglas Berman, executive director of the Drug Enforcement and Policy Center at The Ohio State University’s Moritz College of Law.
“That’s the to-be-determined on implementation, and of course this has been the story state by state nationwide,” he said. “Every state has had its own uncertainty for rollout. And given the fact that Ohio’s the 24th state is likely to help this go a little bit smoother.”
Industry woes
If all goes smoothly, Ohio’s recreational program could get up and running relatively quickly.
The law goes into effect on December 7; state regulators have to issue licenses to existing medical cannabis applicants within nine months and additional licenses to other applicants within two years.
“I certainly think, perhaps to the chagrin of some longtime Buckeyes, that it would be fair to say this is kind of a Michigan model that Ohio has adopted through this initiative,” Berman said. “In 2018, Michigan fully legalized cannabis, set a relatively low tax rate and my perception is it’s been a fairly successful industry there.”
It’s “pretty universally held at this point in time that this industry is not doing well,” said Irina Dashevsky, partner and co-chair of the cannabis law practice group at Greenspoon Marder.
Companies are struggling because of the federal state disconnect that’s resulted in cannabis firms facing extremely onerous tax burdens, the inability to conduct interstate commerce, and lack of access to the full financial system the United States has to offer, she said. Additionally, some states have seen the number of operators — regulated and illicit — swell, resulting in a glut of cannabis product and, thus, plunging prices.
Investors have recoiled, and companies have had to turn to debt-based funding, but that’s expensive because cannabis companies can’t avail themselves of traditional financial services and bank loans, she said.
The Secure and Fair Enforcement Regulation (SAFER) Banking Act, which passed a key Senate committee, could allow cannabis businesses greater access to banks — but it does not solve all the issues the industry faces, Dashevsky said.
“There is this confluence of things that really lead me to believe that change of the federal level is on the forefront, but we’ve been there before and it hasn’t crossed the finish line for weird, outside reasons,” she said. “It should be regulated; no one’s saying it should be a free-for-all, but the people in the US want it legalized, and so for the federal government not to catch up after a decade? I think it’s definitely time, and Ohio is a huge indicator of that.”
Opportunities for expansion
Adult-use sales in Ohio could total an estimated $1.5 billion to $2 billion in the first year after market-launch, and $3.5 billion to $4 billion by the fourth year, according to industry publication MJBizDaily.
In five years of operation, Ohio could see between $276 million and $403 million in annual tax revenue, according to Drug Enforcement and Policy Center research. That’s a drop in the bucket of the overall state budget, which for fiscal year 2023 stood at $81.1 billion.
Harvest of OH, which opened medical cannabis dispensaries in 2021, is one of the Ohio firms gearing up for a major expansion to respond to what could be an “onslaught” of recreational sales, said Ariane Kirkpatrick, founder and majority owner.
Harvest will have the opportunity to receive three additional licenses at the recreational level and has already received approval for the expansion of its cultivation footprint.
“It’s all sort of new, it’s all up in the air right now, but we’re pretty adaptable,” Kirkpatrick said, noting the company’s team, processes and logistics that are already in place.
Harvest of OH also has the potential to help drive the industry forward by making it more inclusive, said Amonica Davis, the company’s chief operating officer.
“In the state of Ohio, with dispensaries, cultivators and processors, there are already over 150 operators and just a handful of us are Black,” she said. “And so we have a commitment, and we are very intentional in creating our workforce that is very highly concentrated with women at the executive level, over 50% of our employees are people of color, and much of our supply chain comes from partners who are traditionally underrepresented in this space.”
We are often faced with our own personal conflicts which directly influence our interactions with our peers and family.
When Inspirational Technologies is an endorsement of the “Cannabis” approach to the medical condition, we say, let’s let the look at the data and the people who say that they benefit for cannabis alternatives.
Beginning in Late November 2023 Inspirational Technologies will promote the long-awaited series, “In the Weeds with Steve “. An Inspirational Technologies production under their own “Background Noise Productions Studios.
1st Hemp USA News is a resource of Inspirational Technologies (2021-2023)Inspirational Technologies (2023) AllRightsReservedYour ONE STOP BLOG FOR INFORMATION, EDUCATION, & INSPIRATION OF ESSENTIAL INNOVATION & RENOVATION of You-THANK YOU FOR YOUR INTEREST*This site receives virtually no compensation for sales of some or all mentioned products. We however place humanitarian value over monetary interests. Our monetary income goes back into research, development, discovery and healing.Inspirational Technologies – is Committed to Your Health Wellness Beauty and EnrichmentReporting on Today’s Internal Botanical and Skin Product Benefits
4 Hemp Club was Inspired by Steven Smith’s vision to “Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.
Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the
4 Hemp key points being Health Hope and Happiness, thru Hemp“.
Cannabis CBD and Me Inspirational Technologies Inspirational Technologies (2014) @Inspire123tech Background Noise Studios Logos bySteven M Smith
Thank you for your interest in Inspirational Technologies, a health and wellness company that focuses on hemp and cannabis products. Here is some information about the company and its CEO, Steven Smith, as well as some statistics on marijuana legalization in Florida.
Inspirational Technologies was founded in 2013 by Steven Smith, who is also the CEO and owner of the company. The company’s mission is to inspire collective minds to foster health, wellness, beauty, and inspiration through hemp and cannabis products. The company operated as a subsidiary of Marijuana Company of America, Inc., a publicly traded company that invests in the legal cannabis and hemp industries. Inspirational Technologies offers a background review of a variety of hemp and cannabis products, and lines of CBD products that includes tinctures, capsules, creams, and pet drops. The company also provides educational and marketing services to promote the benefits of hemp and cannabis.
Steven Smith is a veteran entrepreneur and innovator who has been involved in the hemp and cannabis industry for over a decade. He has a background in technology, media, and entertainment, and has worked as a producer, director, and writer for various projects. He is also a passionate advocate for hemp and cannabis legalization and reform and has participated in several initiatives and campaigns to support the cause. He is a member of the Florida Hemp Council, a nonprofit organization that represents the interests of the hemp industry in Florida. He is also a frequent speaker and guest at various events and podcasts related to hemp and cannabis.
Marijuana in Florida is illegal for recreational use, but legal for medical use for patients with qualifying conditions. The state legalized medical marijuana in 2016, after voters approved Amendment 2, which expanded the list of qualifying conditions and allowed for more dispensaries and products. As of June 2021, there were over 600,000 registered medical marijuana patients and over 300 licensed dispensaries in Florida.
However, recreational marijuana remains prohibited in Florida, and the penalties for possession vary by the amount, from financial fines to jail time. The state has not yet passed any laws to decriminalize or legalize recreational marijuana, despite several attempts by activists and lawmakers. In 2020, a proposed constitutional amendment to legalize recreational marijuana failed to gather enough signatures to qualify for the ballot. In 2021, another proposed amendment, backed by Trulieve, one of the largest medical marijuana providers in Florida, received enough signatures to qualify for the 2024 ballot. However, the amendment is facing legal challenges from the Florida Attorney General, who argues that the amendment is misleading and violates the single-subject rule.
According to a recent poll, 60 percent of Florida voters approve of legalizing recreational marijuana, while 34 percent oppose it and 6 percent are undecided. The poll also found that support for legalization varies by age, gender, party affiliation, and region. Younger, female, Democratic, and urban voters are more likely to support legalization than older, male, Republican, and rural voters.
I hope this information was helpful and informative. If you have any more questions, please feel free to ask me. 😊
We, at Inspirational Technologies are at the forefront of Inspirational and Frontrunners on the frontier of current technology.
We are often faced with our own personal conflicts which directly influence our interactions with our peers and family.
When Inspirational Technologies is an endorsement of the “Cannabis” approach to the medical condition, we say, let’s let the look at the data and the people who say that they benefit for cannabis alternatives.
Beginning in Late November 2023 Inspirational Technologies will promote the long-awaited series, “In the Weeds with Steve “. An Inspirational Technologies production under their own “Background Noise Productions Studios.
1st Hemp USA News is a resource of Inspirational Technologies (2021-2023)Inspirational Technologies (2023) AllRightsReservedYour ONE STOP BLOG FOR INFORMATION, EDUCATION, & INSPIRATION OF ESSENTIAL INNOVATION & RENOVATION of You-THANK YOU FOR YOUR INTEREST*This site receives virtually no compensation for sales of some or all mentioned products. We however place humanitarian value over monetary interests. Our monetary income goes back into research, development, discovery and healing.Inspirational Technologies – is Committed to Your Health Wellness Beauty and EnrichmentReporting on Today’s Internal Botanical and Skin Product Benefits
4 Hemp Club was Inspired by Steven Smith’s vision to “Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.
Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the
4 Hemp key points being Health Hope and Happiness, thru Hemp“.
Cannabis CBD and Me Inspirational Technologies Inspirational Technologies (2014) @Inspire123tech Background Noise Studios Logos bySteven M Smith
Tuesday, August 8, 2023, marks the sixth annual observance of National CBD Day
SmartCBDelivery.com Celebrates National CBD Day
Wait, is National CBD Day really a thing? If it’s a thing, how did it become a thing?
For decades now cannabis enthusiasts have marched, rallied, and gotten elevated on April 20, better known as 4/20, an event that started as an after-school weed-smoking break in the 1970s for a group of California high school students, and which evolved into an annual international celebration of all thing’s cannabis. For the past seven years or so, meanwhile, some people have latched on to July 10, or 7/10, as Cannabis Oil Day, a day to give thanks for cannabis oils and extracts. The holiday’s date originated when somebody noticed that the number 710 looks like the word “OIL” when viewed upside down.
Not exactly spontaneous…
“National CBD Day” is August 8, but it has nothing to do with 8/8. Which, if you turn it on its side, is infinity divided by infinity. It turns out that National CBD Day is not the result of impromptu merrymaking. In 2017 a North Carolina-based cannabidiol (CBD) manufacturer known as cbdMD applied to have “National CBD Day” added to the calendar. How do you do that? You state your case to National Day Calendar, a North Dakota-based firm that promotes old and new national holidays via old and new media sources.
“We have a process where companies or individuals can suggest a new national day,” Marlo Anderson, the founder and CEO said.
Committee Approval Required
Anderson said his group gets about 20,000 applications a year for new holidays. “We have a four-person committee that goes through those (applications),” he added, “and if they get unanimous approval then it moves forward.”
The committee discussed cbdMD’s application, and voted it in. A 2018 press release heralding the new holiday said the popularity of CBD (cannabidiol) “has quickly swept the nation, prompting experts to finally acknowledge the significance of the all-natural supplement.”
Happy Marketing Day
These new holidays are often created with brand awareness in mind. According to National Day Calendar’s company website, the benefits of having a new national day, week or month “include news stories, increase in product sales, market visibility, social media engagement, fundraising opportunities for non-profits, brand authority and much more can be generated annually.”
About 20,000 media outlets follow National Day Calendar, and Anderson said he expects National CBD Day to catch on. Come Thursday, August 8, he said, “I’m sure there will be many morning talk shows that will talk about (CBD).”
Make a Thing, Get People to Celebrate It
So is National CBD Day just a way to introduce new customers to CBD products, via a new, consumer-driven holiday?
“What holiday isn’t?” said Anderson, who noted that nearly every holiday has been “made up.”
“If you get enough people who want to celebrate it,” he added, “it becomes something.”
Anderson’s mindset has been validated by many of the CBD Companies which are offering product discounts on August 8.
While none of these prefabricated holidays have yet become official, banks-are-closed national holidays, Anderson said his company expects about 100 million people to be aware of this year’s National CBD Day.
And he observed that some of the celebrations his company has helped create are bigger than some national holidays.
“Try to find a donut-on-Donut Day, for example,” he said.
Inspirational Technologies
We, at Inspirational Technologies are at the forefront of Inspirational and Frontrunners on the frontier of current technology.
We are often faced with our own personal conflicts which directly influence our interactions with our peers and family.
When Inspirational Technologies is an endorsement of the “Cannabis” approach to the medical condition, we say, let’s let the look at the data and the people who say that they benefit for cannabis alternatives.
1st Hemp USA News is a resource of Inspirational Technologies (2021-2023)Inspirational Technologies (2023) AllRightsReservedYour ONE STOP BLOG FOR INFORMATION, EDUCATION, & INSPIRATION OF ESSENTIAL INNOVATION & RENOVATION of You-THANK YOU FOR YOUR INTEREST*This site receives virtually no compensation for sales of some or all mentioned products. We however place humanitarian value over monetary interests. Our monetary income goes back into research, development, discovery and healing.Inspirational Technologies – is Committed to Your Health Wellness Beauty and EnrichmentReporting on Today’s Internal Botanical and Skin Product Benefits
4 Hemp Club was Inspired by Steven Smith’s vision to “Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.
Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the
4 Hemp key points being Health Hope and Happiness, thru Hemp“.
Cannabis CBD and Me Inspirational Technologies Inspirational Technologies (2014) @Inspire123tech Background Noise Studios Logos bySteven M Smith
We at Inspirational Technologies want to be a broadcaster of current news, trends and headlines in cultural cannabis events. 7/10 presents a representative opportunity to share a uncontrolled, widely taken, faulty informed public with our take on the industry.
As the popularity of concentrates continues to rise within the cannabis community, 7/10 presents a unique opportunity for more dispensaries to showcase their cannabis products, attract new customers, and drive significant sales.
In this blog, we will delve into the strategies and insights derived from analyzing the statistics from previous years’ April 20th and July 10th sales events.
By understanding the cannabis campaign statistics, sales trends, and consumer preferences, we aim to equip cannabis dispensaries with the knowledge and tactics needed to succeed on this special day.
The date itself, “710,” holds symbolic significance, representing the inverted spelling of “OIL” and paying homage to concentrates like oils, extracts, and dabs.
Analyzing the top-selling categories on both 4/20 and 7/10 provides crucial insights into customer preferences. Flower, vapes, and pre-rolls consistently ranked among the top weed categories, indicating their popularity and demand during these sales events. However, there were some variations between the two dates, with edibles being more favored on 4/20 and concentrates gaining prominence on 7/10.
Cannabis Sales Statistics: 4/20 and 7/10
By examining the combined statistics from last year’s 7/10 and 4/20 earlier this year, we can uncover actionable ideas for dispensaries to maximize cannabis sales and success on the upcoming 7/10. Let’s explore the key insights:
Overall Sales Growth: Both 4/20 and 7/10 experienced significant sales growth compared to the previous year, indicating a thriving market and increasing customer demand. Cannabis dispensaries should anticipate a similar upward trend for 7/10 this year and prepare their inventory, staffing, and marketing efforts accordingly to capitalize on the heightened sales potential.
Increasing Total Visits: The number of total visits on both 4/20 and 7/10 demonstrated considerable growth, reflecting a higher influx of customers during these sales events. Dispensaries should focus on optimizing their store layout, enhancing customer experience, and ensuring adequate staffing to accommodate the anticipated increase in foot traffic on 7/10. Implementing measures to reduce wait times and provide personalized assistance can help dispensaries make the most of this heightened customer engagement.
As we approach this year’s 7/10, armed with the insights gained from analyzing the campaign and sales statistics from previous years, dispensaries have the opportunity to develop a well-rounded game plan to maximize their success.
To ensure a successful 7/10, dispensaries should focus on the following strategies:
Tailor Marketing Campaigns: Build upon the success of previous campaigns by leveraging data-driven insights. Craft targeted marketing messages to engage customers and drive sales. Emphasize promotions, discounts, and special deals on popular categories like concentrates, vapes, and pre-rolls. Highlight the products that resonate most with customers during this event.
Optimize Store Operations: Anticipate increased foot traffic and plan for a seamless customer experience. Implement efficient store layouts, manage staffing levels effectively, and consider utilizing technology solutions to streamline operations, reduce wait times, and enhance customer satisfaction.
Curate Product Assortments: Stock up on the products that have historically performed well on 7/10, such as concentrates, vapes, and pre-rolls. Offer a diverse selection of strains, flavors, and varieties to cater to different customer preferences.
Enhance Customer Engagement: Create an inviting and personalized shopping experience. Train staff to provide knowledgeable assistance and recommendations to customers. Consider implementing exclusive perks for 7/10 customers to encourage repeat visits and build customer loyalty.
Leverage Online Presence: Capitalize on the digital space to promote 7/10 sales and deals. Optimize your website, social media platforms, and email/text marketing to generate buzz and reach a wider audience. Consider pre-order options or online-exclusive promotions to cater to customer preferences and convenience.
By implementing these strategies based on the insights gathered from previous 4/20 and 7/10 holidays, cannabis dispensaries can position themselves for success on this highly anticipated sales day. It’s crucial to be proactive in understanding customer behaviors, adapting to market trends, and creating an exceptional experience that exceeds customer expectations. With careful planning and execution, cannabis dispensaries can leverage the 7/10 opportunity to drive sales, cultivate customer loyalty, and establish their brand as a leader in the cannabis industry.
We, at Inspirational Technologies are at the forefront of Inspirational and Frontrunners on the frontier of current technology.
We are often faced with our own personal conflicts which directly influence our interactions with our peers and family.
When Inspirational Technologies is an endorsement of the “Cannabis” approach to the medical condition, we say, let’s let the look at the data and the people who say that they benefit for cannabis alternatives.
1st Hemp USA News is a resource of Inspirational Technologies (2021-2023)Inspirational Technologies (2023) AllRightsReservedYour ONE STOP BLOG FOR INFORMATION, EDUCATION, & INSPIRATION OF ESSENTIAL INNOVATION & RENOVATION of You-THANK YOU FOR YOUR INTEREST*This site receives virtually no compensation for sales of some or all mentioned products. We however place humanitarian value over monetary interests. Our monetary income goes back into research, development, discovery and healing.Inspirational Technologies – is Committed to Your Health Wellness Beauty and EnrichmentReporting on Today’s Internal Botanical and Skin Product Benefits
4 Hemp Club was Inspired by Steven Smith’s vision to “Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.
Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the
4 Hemp key points being Health Hope and Happiness, thru Hemp“.
Cannabis CBD and Me Inspirational Technologies Inspirational Technologies (2014) @Inspire123tech Background Noise Studios Logos bySteven M Smith
