Cannabis

  1. Shopper & Customer

The New CPG Playbook: Embrace Product, Marketing and Experience Innovation to Drive Growth

The digital surge during COVID-19 accelerated the introduction of direct-to-consumer CPG brands selling online, but three interlocking trends could hobble their continued growth. One is simple competition: more brands and more products competing for consumer wallet and mind share. The second is inflation, which is causing consumers to adjust their purchasing patterns. In the U.S. […]
7 min read
0
  1. Department: HBC

They were convicted on marijuana charges. Now they’re first in line to sell it legally

​[[“value”:” Tahir Johnson said he’s on track to be one of the first people with a marijuana related conviction to open a licensed dispensary in New Jersey. “The generational wealth this will create for my family is surreal,” he said. Stefan Sykes for CNBC TRENTON, N.J. — Tahir Johnson has been arrested on marijuana possession […]
5 min read
0
  1. Department: HBC

Canopy Growth cutting 60 percent of its workforce

Canopy Growth, the second-largest producer of marijuana in Canada, said it will cut about 60 percent of its workforce because of disappointing results. The company points to black market competition as a major factor in lower-than-expected sales in Canada. “Today, there are two very different cannabis markets in Canada. One that’s legal, highly taxed and […]
< 1 min read
0
  1. Department: HBC

Cannabis legalization is spreading like wildfire and related industries are booming

The global outlook for cannabis has never been better. The last month alone saw marijuana stocks soar when the American Medical Association alleged that medical marijuana could help solve the opioid crisis. As more and more governments look to cannabis for its medicinal properties, the market grows stronger by the day. And that, by default, […]
< 1 min read
0
  1. Department: HBC

Disclosure Rules for Alcohol, Cannabis Sales

Online sellers of alcohol and marijuana face a slew of disclosure requirements, such as permissible age, allowable products, shipping restrictions, and more. The post Disclosure Rules for Alcohol, Cannabis Sales appeared first on Practical Ecommerce.
< 1 min read
0
  1. Department: HBC

FDA says CBD may not be safe in food and supplements

The Food and Drug Administration yesterday said that products infused with CBD do not meet federal safety standards and require stricter regulations. The use of products with CBD has grown in recent years and the FDA’s announcement is likely to have a negative impact on businesses manufacturing and selling them. The FDA has asked Congress […]
< 1 min read
0
  1. Shopper & Customer

Sales of herbal immune supplements rise

ST. PETERSBURG, Fla. – During the final quarter of 2022, even as the U.S. grappled with a “tripledemic” of flu, RSV and COVID-19, unit sales of vitamins and health supplements declined over the prior year while average unit prices rose, according to shopper intelligence leader Catalina. A clear exception was Herbal Immune Supplements, unit sales of […]
2 min read
0
  1. Shopper & Customer

How The Martin Agency repositioned AXE to vibe with Gen Z consumers

With $0 media spend, the #DogeCan campaign generated 2 billion impressions. The iconic men’s grooming brand AXE set out to refresh its image. The brand, which was founded in 1983, was still presenting outdated messages about masculinity. Its messaging wasn’t in sync with the Gen Z consumers it aimed to capture. Through research, it defined […]
2 min read
0
  1. Channel: Mass

As Constellation’s shares fall on weak earnings, we see a buying opportunity

Alcoholic beverage producer Constellation Brands (STZ) reported mixed fiscal 2023 third-quarter earnings on Thursday before the opening bell. While the results came in short of our expectations, we see the subsequent drop in the Corona beermaker’s share price as chance for investors to buy up the stock. Net sales climbed 5% year-over-year, to $2.44 billion, […]
4 min read
0
  1. Department: Beverage

Alcohol Alternatives Aren’t Just For Dry January

This Dry January, consumers now have a multitude of beverages to choose from when they’re not indulging in alcohol. Mintel research shows consumers are increasingly reevaluating their relationship with alcohol and replacing those drinks with new beverages. Options include non-alcoholic craft beer, mocktails, cannabis tonics, and even premium sparkling water. This nascent AA (alcohol alternative) […]
< 1 min read
0
  1. Department: HBC

NYC locals bummed by the impending demise of ‘weed bodegas’

While most NYC stoners … er, cannabis consumers — are likely celebrating the new debut of state-authorized retail outlets, many will be sad to see the retreat of colorful independent corner stores (where it’s been said the illicit herb could be had for a nod and a wink). The licensed stores must follow strict guidelines […]
< 1 min read
0
  1. Department: HBC

Marijuana’s black market is undercutting legal businesses

Across the country, thriving, unregulated marijuana businesses are threatening to undercut legal markets awaiting banking and tax reform.[[“value”:” A man smokes marijuana during a hip-hop performance at the 11th annual block party held by the Bushwick Collective in Brooklyn, New York, on June 4, 2022. Alex Kent ]] 
< 1 min read
0
  1. Department: HBC

It’s a Beauty-Full Match for these Emerging Small Businesses

Astoria Beauty Bar is no cookie-cutter, assembly-line salon. When a guest comes to have their hair styled or colored, get a scalp treatment, add extensions or have their eyebrows shaped, it’s the owner Michelle DeMartino who takes the call, schedules the appointment, and provides the service. It’s DeMartino who educates customers on how to maintain […]
6 min read
0
  1. Department: HBC

Cannabis sales fall below pandemic highs

Sales of marijuana in medical dispensaries and retail stores have fallen year-over-year after posting big gains during the pandemic, according to Headset. “What we saw in 2020 was a massive spike in sales tied to the pandemic as people stayed home, had government stimulus money and not a lot to do,” said Chris Wash, CEO […]
< 1 min read
0
  1. Channel: Restaurants

Non-Alcohol Beverages are Hot, Hot, Hot

  Who moved the Beer?  Consumers are dynamic not static and all food retailers need to look a customer ahead or risk losing relevance with the next generation of consumers according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®. I bet that many of you did not know that recent research finds […]
4 min read
0
  1. Department: HBC

Marijuana industry sales slow down after pandemic surge

After years of rapid growth, the U.S. cannabis industry is showing signs of fatigue amid challenging economic conditions and growing pains. KEY POINTS In some of the most mature legal cannabis markets across the U.S., sales are declining after surging earlier in the pandemic. Investment money is also drying up, making it harder for small […]
< 1 min read
0
  1. Department: HBC

Is Selling Marijuana and Alcohol Online Worth It?

Selling alcohol and marijuana online in the U.S. is subject to a slew of state and federal laws, especially when shipping across state borders. We explain. The post Is Selling Marijuana and Alcohol Online Worth It? appeared first on Practical Ecommerce.
< 1 min read
0
  1. Data & Insights

Hemp 101: Understanding the Superfood

Hemp offers many uses and benefits Hemp has made its way from specialty retailers into mainstream outlets as a common ingredient in the food, beverage, VMS, and body care aisles. Yet, many shoppers are still not sure what hemp is (and what it isn’t). That is in part because hemp only became legal in the […]
2 min read
0
  1. Department: Beverage

Friday Eye-Opener:  Holstein Highs

by Kevin Coupe After 21 years of doing this, the following story seems like the perfect MNB Eye Opener… The New York Times reports on a German study in which scientists fed 10 cows industrial hemp with high levels of THC, and then observed that “compared with cows that received the usual diet of corn […]
2 min read
0
  1. Department: HBC

Inside The Artist Tree’s Unique Take on Cannabis Retail

The Artist Tree chain of licensed cannabis stores in California is shaking up the dark, often intimidating dispensary experience with a retail concept that highlights the natural synergy between cannabis and art. Described as “an art gallery that happens to sell cannabis,” each of the brand’s five stores feature rotating displays of local art alongside […]
< 1 min read
0
  1. Department: HBC

CEW honors the year’s best in beauty

NEW YORK — Cosmetic Executive Women (CEW) announced the winners of the 29th Annual Beauty Creators Awards at a networking event and awards luncheon on November 11, 2022. One of the industry’s most esteemed beauty awards programs, the event honored the year’s best and most innovative products across 33 categories from more than 1,000 entries, chosen by an esteemed group of […]
3 min read
0
  1. Owned Brands (Private Label)

Five trends from the Private Label Trade Show

CHICAGO — The exhibit floor of PLMA’s sold-out 2022 Private Label Trade Show opened here yesterday with more than 1,400 exhibitors and 2,300 booths. Attendees filled the aisles to discover the hottest new foods, beverages, nonfoods, personal care, household goods and much more. Themed “Consumers Are Back in Charge,” the show kicked off Nov. 13 with educational […]
2 min read
0
4
  1. Department: HBC

Prof G Markets: The Failure of FTX, Why HBO Will be Acquired, and the Cannabis Industry

This week on Prof G Markets, Scott shares his thoughts on how Sam Bankman-Fried’s crypto exchange FTX came crashing down like a house of cards. He then explains what Disney’s earnings reveal about a streaming market headed for consolidation, and why HBO makes for an appealing acquisition target. And in this week’s Unpack, we check […]
< 1 min read
0
  1. Trends & External Forces

Your Views:  Margin Call

Yesterday we quoted a Benjamin Lorr op-ed piece in the Los Angeles Times in which he wrote about the Kroger-Albertsons merger: “The supermarket industry is trapped in an unsustainable model, “chasing higher and higher volume to fund cheaper and cheaper prices. Which by necessity means grocers are always looking over their shoulder at their competition. […]
4 min read
0
  1. Department: HBC

Circle K, Leading Cannabis Brand Announce Partnership

Circle K, a Canada-based convenience store and gas station operator, announced it was partnering with Green Thumb, a leading national cannabis consumer packaged goods company, to sell its products at a handful of Circle K locations next year. About 10 “RISE Express”-branded dispensaries will open adjacent to Circle K stores in various Florida locations, Green […]
< 1 min read
0
5
Note: Requires ChatGPT Plus
Advertisement

Trending Topics

Editor’s Choice

  1. Data & Insights
  2. Channel: Ecommerce & Digital
  3. Corporate Strategy
  4. Corporate Finance
  5. Media & Marketing
  6. Agencies & Vendors
  7. Data & Insights
  8. Shopper & Customer
  9. Technology & Innovation
  10. Trends & External Forces
  11. Retail Operations
  12. Operations & Supply Chain

AI Still Needs Human Insight to Shape the Retail Experience

In 2024, the most forward-thinking and innovative retail organizations will recognize that it’s a must to blend intelligent human insight and artificial intelligence (AI). It will become clear that unless an organization can find a way to unify the two across virtually every aspect of their business, it will suffer the consequences across both the […]
Written by
  1. Uncategorized

Toy maker MGA Entertainment launches DTC website

The company aims to bring its top brands, including L.O.L. Surprise!, Little Tikes and Bratz, under one online storefront. Dive Brief: Toy retailer MGA Entertainment announced Tuesday the launch of The MGA Shop website as a way to bring all its top brands under one storefront. Major retailers will continue to sell merchandise from its brands L.O.L. Surprise!, Little Tikes, […]
Written by

Trending

Advertisement