Subscribe to Entrepreneur for $5
Subscribe

This Week in Weed: Can The Black Market Be Stopped?

The black market thrives, edible prices won't budge, and Congress introduces a new bud bill.

By

Welcome to Green Entrepreneur's video recap of the cannabis news you might have missed this week, hosted by our cannabis correspondent, Conrad Martin.

The Black Market is still popping in Canada

At the end of 2018, Canada legalized Cannabis, and contrary to early predictions - the black market is still thriving. According to an Ipsos poll, 35% of Canadians are still buying from their dealers. And for $3 dollars less per gram according to statistics Canada.

Related: 11 Facts Cannabis Entrepreneurs Should Know About the Black Market

Weed costs less, but edibles remain the same price

Dispensary sales tracker BDS analytics is reporting that while the cost of weed has gone down, the cost of edibles has remained the same. Why? Some experts cite the complexity of creating infused products, while others cite the steady cost of hash oil. 

Related: 5 Things You Need to Know About Edibles

A new cannabis bill is introduced by the Congressional Cannabis Caucus

Congressman Earl Bluemenauer introduced bill HR.420 this week. The aptly named, Regulate Marijuana like Alcohol act aims to do just that - legalize cannabis federally while maintaining regulatory standards. 

Related: Congressional Cannabis Caucus Unites to Protect Marijuana Industry

Be sure to keep up with all things cannabiz by checking out the newly launched GreenEntrepreneur.com

If you missed the last episode, check it out here: The Dallas Cannabis Club??

Latest

A Drone Just Dropped Free Weed Over Tel Aviv

In a protest to legalize weed in Israel, protestors release bags of cannabis onto the city streets.

Changing How the World Views CBD

The CMO of cbdMD talks about how he uses patience, partnerships and data to grow brand awareness.

WATCH: The Weed Business According To Jim Belushi

The actor opens up about his new TV show Growing Belushi and how cannabis would have saved his brother's life.

There Is A Town In North California Called Weed

And Netflix just named it one of the funniest town names in America.

Watch: DEA Raids Seven Grows In Antelope Valley

In a major crackdown on the illicit market, a multi-agency effort shuts down illegal California grows tied to Mexican drug cartels.

Evolving from Brick and Mortar to Ecommerce

CBD oil company Sunday Scaries's co-founders share the lessons they learned from running a sports bar and how they've applied them to their ecommerce business.

3 Ways To Deal With Face Mask Annoyances

Are you suffering from 'maskne' or glasses fog? These tips may help.

Succession Star Brian Cox Says Cannabis Helps Him Relax

The Golden Globe winner has been using the plant since he was 50.

Exclusive Video: Inside Dixie Brands Partnership with Arizona Iced Tea

CEO Chuck Smith shares details of the deal. Plus, how he grew the company from a "garage operation" to a massive multi-state player.

What You Need to Know to Be Successful in the Cannabis Industry

Jessica Abo sits down with the CEO of Weedmaps to discuss the company's journey and how you can be successful in the cannabis industry.

Exclusive: Why Canopy Growth's Ex-CEO Got Canned and What He's Doing Next (Watch)

Bruce Linton talks candidly about his past and his future. Listen very carefully. This man has crazy knowledge.

Discover Entrepreneur Series

Whether you need advice on how to get your business off the ground or you’re just looking for inspiration, our video series have something for everyone. Browse our library below to find a series that speaks to you and your interests.