May 11, 2021


Legal cannabis sales hit record high

Legal cannabis sales in the US have hit a record high, according to a new report from specialist insurance intermediary New Dawn Risk.

Since the publication of New Dawn Risk’s previous report last year, US sales of medical and recreational cannabis have skyrocketed, hitting $17.5 billion in 2020 – a 46% increase from 2019. In addition, the pro-cannabis Biden administration and a Democratic majority in both houses of Congress have transformed the legislative landscape.

A new Clarifying Law Around Insurance of Marijuana (CLAIM) Act has been introduced in the Senate, alongside the parallel SAFE Banking Act. Both pieces of legislation

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To Maximize Growth, Get Sales and Finance in Sync

The CFO and sales leader have significant impact on their company’s ability to deliver on its strategies through processes. Unfortunately, the relationship between finance and sales is often more confrontational than collaborative. Given CFOs’ expressed interest in spending more time understanding customers — and sales teams’ concerns about re-engaging and re-energizing relationships strained by the pandemic — now is the ideal time for these reluctant partners to get together to improve their ability to measure and grow the “relationship capital” on which sales and enterprise growth depend. The author offers four strategies for focusing on customers and the customer experience

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Businesses fret over lost sales

The Centers for Disease Control and Prevention on Monday again advised against travel, while Miami Beach, Florida, business owners fretted about spring break chaos.

Miami Beach officials declared a state of emergency and ordered a rare curfew over the weekend, an effort to avoid spreading Covid-19 and stop large crowds and unruly behavior in the popular tourist destination.

Some businesses in the area, eager to recover from a brutal pandemic year that drove down tourist numbers, say they are being unfairly punished.

Police have arrested more than 1,000 people since Feb. 3, with 50 cited over the weekend, Miami Beach

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Tesla’s bitcoin investment reportedly made more profit this year than car sales in the whole of 2020 | Currency News | Financial and Business News

Bitcoin’s historic rally has been a source of debate.

Tesla’s $1.5 billion bitcoin investment didn’t just make headlines, it has also made the company more profit than its car sales last year, according to a Times of London report.

On Friday, the cryptocurrency smashed through the $55,000 level, bringing its market cap above $1 trillion. This means if Tesla owns the same amount of Bitcoin as it did on January 31, it made a paper profit of about $930 million since January. That’s almost 30% more than its $721 million revenue from electric vehicles, per the report.


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