Success in the cannabis industry isn’t just about having a top-notch product or a cutting-edge marketing strategy.

It’s about tapping into the right business insights—those hard-to-find, actionable pieces of intelligence that can make or break your venture. In an industry as heavily regulated and rapidly changing as cannabis, the challenge lies in sifting through the noise to uncover information that truly matters.

The complexities of regulations, coupled with the need to spot emerging trends before they become mainstream, can make finding reliable, industry-specific insights feel like an impossible task. But with the right guidance, you can navigate these challenges effectively.

At Canntella, we recognize that quality information is the backbone of business success. That’s why we’ve crafted this guide to help you discover the most valuable cannabis business insights and networking opportunities available.

Let’s dive into the resources that can propel your cannabis business to new heights.

8 Top Sources for Best Cannabis Business Insights

Staying ahead in the cannabis industry requires more than just intuition; it demands access to reliable insights. Here are eight trusted sources that can equip you with the knowledge to navigate this dynamic market successfully.

1. Industry-Specific Publications and Newsletters

Staying informed about the latest trends, regulatory changes, and market insights is essential for anyone in the cannabis business. Leveraging industry-specific publications and newsletters can provide you with the most relevant and up-to-date information.

Here are some top publications to consider:

Cannabis Business Times: Renowned for its in-depth analysis and coverage of cultivation, processing, and retail operations, this publication is a must-read for anyone looking to stay ahead in the cannabis industry. Their insights into best practices and industry trends are invaluable for making informed business decisions.

MJBizDaily: As one of the leading news sources in the cannabis industry, MJBizDaily offers daily updates on market trends, legal developments, and financial news. Their comprehensive reports are particularly useful for understanding market dynamics and investment opportunities.

Ganjapreneur: Another important resource for cannabis entrepreneurs, Ganjapreneur offers daily news, in-depth interviews, and practical advice, focusing on ethical and sustainable business practices. It’s indispensable for staying up-to-date on legal, business, and market trends within the rapidly evolving cannabis industry.

Pro Tip: Enhance your knowledge by setting up Google Alerts for specific cannabis-related keywords. This will ensure you receive timely updates on industry developments straight to your inbox, keeping you one step ahead of the competition.

At Canntella, we complement these resources by offering our own industry-specific insights through regular blogs, guides, and newsletters. These resources are designed to provide actionable advice and expert analysis tailored to the unique challenges faced by cannabis entrepreneurs.

2. Cannabis Business Conferences and Events

For cannabis entrepreneurs, attending industry events is a must for staying ahead in the market. These recurring events offer ongoing opportunities to learn, network, and gain insights that are essential for business growth in the ever-evolving cannabis landscape.

Some notable conferences include:

MJBizCon (Las Vegas, Annually in December): MJBizCon is the largest cannabis business conference in the world, held every December in Las Vegas. This event attracts over 30,000 professionals from across the industry, making it a premier destination for networking and learning about the latest trends, innovations, and regulatory updates.

NCIA Cannabis Business Summit & Expo (Annually): Hosted by the National Cannabis Industry Association, this summit is one of the most influential events in the industry. It combines a focus on policy and advocacy with business insights, offering cannabis professionals the tools and knowledge they need to succeed. The event typically includes workshops, keynote speakers, and an expo showcasing the latest products and services.

Cannabis World Congress & Business Expo (New York City, Annually in June): Known as the premier B2B cannabis and hemp expo on the East Coast, this event is a must-attend for professionals looking to explore the New York and tri-state area markets. It provides a platform for businesses to connect with industry leaders and stay updated on the latest market trends.

3. Online Forums and Communities

Engaging with peers and industry experts through online platforms is also important for staying informed and connected in the cannabis industry.

Below are some of the most active and valuable online communities where cannabis entrepreneurs can exchange knowledge, seek advice, and build networks.

• r/weedbiz: A community of cannabis entrepreneurs sharing experiences and advice.

• r/CannabisEntrepreneurs: A special Reddit group dedicated to the business side of cannabis.

• Women Grow: A network aimed at empowering women in the cannabis industry through networking, mentorship, and professional development.

• THCFarmer Forum: A business-oriented forum that focuses on cannabis farming, cultivation techniques, and industry trends. It's a valuable resource for growers looking to improve their practices and connect with other professionals.

While these platforms are rich in community engagement, always approach advice critically and verify information, especially when it comes to legal or business strategies.

4. Government and Regulatory Websites

Staying compliant with federal and state regulations is the number one priority for any cannabis business. Regularly checking official government websites will help you stay informed about the latest laws, guidelines, and updates that affect your operations.

State Cannabis Regulatory Agencies: Each state that legalizes cannabis has a regulatory agency responsible for overseeing cannabis businesses. These websites are essential for staying updated on state-specific regulations, licensing requirements, and compliance guidelines.

For example, you can visit California’s Bureau of Cannabis Control or Colorado’s Marijuana Enforcement Division for state-specific information.

FDA’s Cannabis and Cannabis-Derived Products Page: The U.S. Food and Drug Administration (FDA) provides guidelines on the use of cannabis and cannabis-derived products, including CBD. Regularly checking the FDA’s page ensures you stay compliant with federal regulations related to product safety, marketing, and labeling.

USDA’s Hemp Program: If your business involves hemp, it’s essential to stay informed about the U.S. Department of Agriculture’s (USDA) regulations. The USDA’s hemp program website provides information on licensing, cultivation, testing, and compliance related to hemp production.

5. Cannabis Market Research Firms

For data-driven insights that can guide your business decisions, consider leveraging reports and analytics from leading cannabis market research firms. These organizations provide valuable data on market trends, consumer behavior, and industry forecasts.

New Frontier Data: They offer comprehensive market research and consumer insights, covering everything from cannabis cultivation to retail trends. Their reports are invaluable for understanding the broader market dynamics and emerging opportunities within the cannabis industry.

BDSA (formerly BDS Analytics): They are known for their detailed market forecasts and consumer trends analysis. They provide data on sales trends, product performance, and consumer preferences, helping businesses anticipate changes in the market.

Headset: Specializing in real-time market intelligence, Headset offers in-depth analytics on sales trends, product performance, and market forecasts. Their data is particularly useful for businesses looking to make informed decisions quickly in the fast-paced cannabis industry.

6. Key Figures and Thought Leaders in the Cannabis Industry

Following influential voices in the cannabis industry can provide you with cutting-edge insights and help you stay ahead of the curve. Here are some key figures to follow:

Steve DeAngelo: Known as the "Father of Legal Cannabis," DeAngelo co-founded Harborside and ArcView Group, pioneering cannabis activism and business innovation.

Jeanne Sullivan: A leading cannabis investor, Sullivan is a key advocate for female entrepreneurs, playing a pivotal role in industry diversification.

Dr. Chanda Macias: CEO of Women Grow, Macias leads in medical cannabis and advocates for women’s empowerment within the industry.

Gaynell Rogers: Co-founder of Treehouse Global Ventures, Rogers focuses on investing in women- and minority-owned cannabis businesses.

7. Network of Professional Advisors

Surround yourself with experts who understand the unique challenges of the cannabis industry. Here are key types of advisors to consider:

Cannabis-Focused Legal Experts: Navigating the legal landscape of the cannabis industry requires specialized legal expertise. Attorneys who focus on cannabis law can help with everything from licensing to compliance with federal and state regulations. 

Resources like the National Cannabis Bar Association can connect you with experienced legal professionals who understand the complexities of cannabis law.

Specialized Accountants and Financial Advisors: The cannabis industry faces unique financial challenges, such as dealing with Section 280E, which limits deductions for businesses involved with controlled substances.

Working with accountants and financial advisors who specialize in cannabis can help you navigate these issues and optimize your financial strategy. They ensure that your business stays compliant with tax laws while maximizing profitability.

Cannabis Industry Consultants: Consultants with a proven track record in the cannabis industry can offer valuable guidance in areas like cultivation, retail operations, brand development, and more.

These professionals bring deep industry knowledge and practical experience, helping you to grow your business, avoid common pitfalls, and capitalize on market opportunities. Look for consultants who have successfully worked with businesses similar to yours.

8. Utilizing Canntella's Network and Resources

At Canntella, we're committed to being your partner in growth, offering a robust platform designed to meet the unique needs of cannabis businesses. Our services are tailored to support you at every stage of your business journey, from finding financing to connecting with industry experts.

• Access to Financial Solutions: We connect you with trusted financial institutions and lenders who specialize in cannabis businesses. Whether you need working capital, equipment financing, or expansion funds, we help you find the right financial partners. You can apply here.

• Curated Industry Insights: Stay informed with our regularly updated library of articles, white papers, and market reports. We gather the latest industry data and trends, providing you with the insights needed to make informed decisions and stay ahead of the competition.

• Vetted Service Provider Network: Connect with a network of pre-screened legal, financial, and operational experts who understand the intricacies of the cannabis industry. These professionals are selected based on their proven track records in helping cannabis businesses navigate challenges and thrive.

• Networking and Knowledge-Sharing Platform: Engage with other cannabis entrepreneurs and share experiences in a supportive environment.

Cultivating Success: Your Cannabis Business Insight Action Plan

As we've explored the landscape of cannabis business insights, it's clear that knowledge is the foundation of success. But insights alone aren't enough; the key is taking action.

Given the fast-paced nature of this industry, staying informed and connected is important. Diversify your sources of information, actively engage in networking, and continuously seek opportunities to learn and grow. Surround yourself with experts who understand the unique challenges of the cannabis business.

At Canntella, we’re committed to being your partner in this journey. We provide the resources, connections, and insights you need to thrive. Now, it’s time to put this knowledge to work.

What’s your next move? Whether it’s subscribing to an industry newsletter, reaching out to a mentor, or leveraging Canntella’s network, don’t wait.

Fuel Your Cannabis Growth: Access Canntella's financial solutions and expert network today!

FAQs

1. What are the top challenges cannabis businesses face when seeking funding?

Cannabis businesses often struggle with limited access to traditional banking services due to federal regulations, making alternative financing options like private lenders or venture capital essential.

2. How can cannabis businesses stay compliant with evolving regulations?

Businesses should regularly consult state-specific regulatory agencies and federal resources like the FDA and USDA. Staying updated on changes is crucial to avoid costly compliance issues.

3. How important is market research for cannabis businesses?

Market research is vital for understanding consumer trends, product performance, and emerging opportunities. Utilizing data from specialized firms like BDSA or Headset can provide a competitive edge.

4. What is the best way to network within the cannabis industry?

Attending industry-specific conferences, joining online communities like LinkedIn groups, regularly reviewing Canntella’s literature, and participating in local meetups are effective strategies for building valuable connections and staying informed.