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The Importance of Reviews, Canadian Oversupply, New Growing License U.K., and more – The CBD Business Weekly Review

Written by Alexandra Hicks
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In this week’s edition, we’re taking a look at why online reviews are so important for building your brand, especially as a small business owner.

Also, Canada is facing a cannabis oversupply, which coupled with low demand, is leading to rock bottom prices. And well-known cannabis industry giant just got a license to grow cannabis with more than 0.2 percent in Europe. All that and more in this week’s CBD Business Weekly Newsletter.

Enjoy and don’t forget to subscribe to our business newsletter, below!


FEATURED STORY: Why Every Small Business Needs Reviews

reviews

These days, online reviews from relevant sites in your industry can make or break your small business. Reviews are basically like word-of-mouth advertising in the digital age. According to a recent survey, 91 percent of consumers read online reviews and a whopping 84 percent trust them as much as personal recommendations.

Statistics likes this really illuminate the major impact reviews can have on a business, especially a smaller one with a limited advertising budget. Good reviews can help promote your brand and improve your reputation. They can convince those customers who are on the fence about trying your product to take the plunge.

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Must Read Articles:

Canadian Cannabis Price Cuts As Oversupply Issues Surface

Aurora Canada Cannabis

It was not so long ago concerns were mainly about shortages with the second wave of cannabis consumer products set to hit the market. However, market analyst says “pot producers built up a massive surplus of pot. In fact, only 4% of pot produced in Canada in July has been sold, which means it is selling it for cheap”…due to sluggish demand.

Click here to read the full story

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Cannabis Company Secures Hard-To-Get U.K. Growing License

sativa group

A prominent U.K. cannabis company, Sativa Group, has become one of only a handful in the country to secure a license to grow hemp with a THC ratio of more than 0.2%. The company already has a license to grow low-THC cannabis which was granted 18 months ago.

Click here to read the full story 

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European Cannabis Company With A £150 Million Price Tag

emmac

A successful fund-raising round by Emmac Life Sciences has seen it emerge as one of the leading lights of the booming European cannabis industry. The company says it has raised £15 million in Convertible Loan Notes (CLN) from investors in Europe, North America, Asia and Australia. 

Click here to read the full story 

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About the author

Alexandra Hicks

Alexandra is the managing editor at CBD Testers. She has always been interested in alternative and natural remedies, and the versatility of cannabis as a healing plant is something that greatly appeals to her. It's for this reason that she decided to work as a cannabis industry journalist and editor, to help spread accurate information about the benefits of this plant.

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