Tag: cannabis sales

  • Whole Foods CEO Would Like to See Marijuana Sold in Supermarkets

    Whole Foods CEO Would Like to See Marijuana Sold in Supermarkets

    Whole Foods already sells some cannabis-based products like organic hemp seeds and cannabinoid supplements.

    John Mackey, the co-founder and current CEO of Whole Foods Market, told an audience in Texas that if the state legalized cannabis, he would support efforts to sell it in supermarkets.

    Mackey, who was speaking at a staged conversation with the Texas Tribune, said that “chances are good” for cannabis sales in grocery stores like his natural and organic food chain, which has more than 450 locations in North America and the United Kingdom.

    When asked for an estimated time frame on when cannabis might be available on his shelves, Mackey noted that the decision lay with “the market and the government regulations.”

    As High Times noted, Mackey’s comments about cannabis in grocery stores were actually prompted by a question from an audience member about whether insects would ever be offered as an alternative protein source at Whole Foods. Mackey said that his stores would consider that option before adding his comments about legalization efforts in the Lone Star State.

    “If cannabis is ever passed in Texas, chances are good that grocery stores will be selling that, too,” he said. “You just never know what happens over time with markets. They change and evolve.”

    Mackey did not voice an opinion as to what cannabis-related products would be sold at his stores – Whole Foods already sells some cannabis-based products like organic hemp seeds and cannabinoid supplements – and concluded his thoughts on the possibility by stating, “Let’s see what happens with the market and government regulations over time.”

    Legal sale of marijuana is currently restricted in Texas, though low-THC cannabis is available to patients who have been diagnosed with “intractable” epilepsy as part of the Texas Compassionate Use Act of 2015. Three organizations were licensed to dispense cannabis in 2017, per the act’s requirements.

    House Bill 1365, which was introduced by Texas state representative Eddie Lucio III (D-Brownsville) in February 2019, would expand the Compassionate Use Act to allow treatment for cancer, autism, PTSD and other forms of epilepsy, and would expand the kinds of cannabis available to patients to include vaporizations, tinctures and lotions, but not smokeable cannabis.

    High Times also noted that Whole Foods is not the only food retailer to consider stocking cannabis. The United Bodegas of America has expressed its desire for New York Governor Andrew Cuomo to allow bodegas – the small, independent grocery/convenience and wine stores that are located throughout New York City and other major metropolises – to sell cannabis. 

    View the original article at thefix.com

  • How Cannabis Sales Are Affecting Canada’s Employment Rate

    How Cannabis Sales Are Affecting Canada’s Employment Rate

    A new report suggests that the recent legalization of cannabis in Canada has made a positive impact on unemployment rates. 

    Canada’s unemployment rate is the lowest since 1976 – and the country may have the legalization of cannabis to thank.

    According to new data from Statistics Canada, the legalization and growth of the cannabis industry have played a role in the drop in unemployment.

    High Times pointed out that the unemployment rate decreased by 0.2% in November, bringing the rate to 5.6%. In six different Canadian provinces, the rates increased, and the report stated that “private sector jobs” grew the most while public sector jobs and self-employment remained fairly unchanged. Cannabis was legalized in Canada in October. 

    Part of the report focused specifically on the cannabis industry and stated that in November, the month following legalization, there were 10,400 jobs related to the industry. In comparison, last November there were 7,500 fewer jobs in the industry, meaning that in one year, the jobs more than doubled. 

    More specifically, 58% of those jobs were in agriculture, while the other 42% ranged from educational services to health care to retail. Those working in the industry were also making more wage-wise than average, at about $29.58 per hour in comparison to the average of $27.03.

    The report also states that men were more likely to work in the industry than women, as men made up about 79% of jobs in the cannabis industry. 

    Alison McMahon, founder and CEO of Cannabis at Work, tells The Growth Op that the biggest demand for jobs is coming from licensed producers needing assistance with growing, cultivation, quality checks, post-production and order fulfillment. And the market will likely keep growing, as McMahon adds that “we expect to see a lot of jobs emerge around extraction, formulation and product R&D (research and development).” 

    In fact, there is even a new job engine dedicated solely to cannabis-related jobs. Brian Sekandi, the co-founder of Careers Cannabis, agrees that more and more research related jobs will be emerging over time. He also tells The Growth Op that he thinks jobs will be opening in the marketing of cannabis as more products hit the market.

    “With the massive restrictions on brand marketing and advertising the cannabis industry is faced with now, the big challenge is on how to educate consumers – particularly those who may be new cannabis users – about the different types of cannabis that are available to them and what the effects are of using cannabis,” Sekandi said. 

    Sekandi added that as of now, those working in the industry in Canada are ahead of much of the world.

    “Things are only going to go up from here for people gaining skills and experience in the Canadian cannabis industry,” he said. “The trend is definitely toward more liberalized cannabis laws being introduced around the world, so anybody who starts working in the industry in Canada today has a once-in-a-lifetime opportunity to be at the ground floor of a global industry and to help shape it for years to come.”

    View the original article at thefix.com