Tag Archive for: cannabis industry

Why Should Psychedelic Companies Invest in PR Now?

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If the legalization of marijuana in a growing number of states has taught us anything, there will likely be an emerging market for other products like psychedelics, as interest grows in their recreational and medicinal benefits. The stigma around using psychedelics, while still present, is starting to shift. The potentially beneficial and pharmaceutical uses for magic mushrooms and other substances are increasingly evident, and the market will likely follow.

Some estimates indicate that the market for psychedelic drugs could grow into a $6.9 billion industry by the year 2027. As psychedelics continue to gain mainstream acceptance, psychedelic companies are still in their marketing and PR infancy. Getting in on the ground floor means investing in a PR campaign today that could solidify your status as a psychedelic authority and leader in the industry in the future as it grows.

The psychedelic industry is a sophisticated enterprise that still suffers from stereotypes and misinformation. It’s much more than mushrooms, black lights, and velvet posters. A strategic PR campaign can help transform this image. It can also lend credibility to what should be considered the next big untapped drug market brimming with potential. As companies continue to grow and gain access to more capital, the opportunity for an IPO, or initial public offering, emerges. A strategic PR campaign can help push these companies into the big leagues.

Why Do Psychedelic Companies Need to Think About PR Now?

The legalization of marijuana has spurred new ways of thinking about old drugs. Psychedelics are getting a fresh look from both the public and private sectors. Researchers are uncovering promising data about the potential for these drugs to treat mental disorders such as depression, PTSD, and anxiety. With greater mainstream acceptance comes more pressure on government entities to decriminalize psychedelics and cannabis, both on state and federal levels.

The best time for psychedelic companies to capitalize on changing consumer sentiment is right now. Much of the emerging psychedelic industry is still in its infancy. When a substance is still considered illegal in much of the country, a stigma will obviously exist. The status of mushrooms and some psychedelics as Schedule 1 drugs also create major hurdles for companies when it comes to marketing. Changing the tide of both patient and political bias needs to happen now.

A strategic PR campaign can aid psychedelic companies in normalizing the conversation about psychedelics and help establish them as respected industry leaders. Changing the narrative on psychedelics doesn’t happen overnight. It takes a concerted effort to get the attention of policymakers and patients alike. PR professionals are uniquely positioned to help psychedelic companies leverage media coverage for a positive effect.

What is PR?

PR professionals specialize in helping companies get free media placement. Free media is media that does not require the company to pay for its distribution. Examples of this type of media include local news outlets, national news outlets, magazines, newspapers, and websites.

PR agencies tend to employ former journalists who have extensive contacts in the media industry. These professionals also know what it takes to pitch a story and what outlets are looking for in the source material.

What Can PR Do for Companies in the Psychedelic Industry?

The possibilities are almost limitless when it comes to what PR can do for the psychedelic industry. PR is a valuable tool in helping change the narrative about psychedelics. A PR agency can help a business craft a compelling and strategic messaged aimed at consumers or policymakers. The firm can then take that message to media sources for potential coverage. These outlets can distribute the story and help boost a company’s brand recognition within the psychedelic industry. Since this media coverage is not paid for, like commercials and ads, it also helps increase a company’s credibility.

Media coverage can also help shape future policies. It is essential to steer the conversation about psychedelics away from the negative and stigmatic image of drugs and towards more beneficial and informative coverage. Experienced PR agencies are experts at communicating. They understand crisis management and how to take potentially negative information and transform it into teaching moments. Although the conversation about marijuana and psychedelics is evolving, there is still work to be done when it comes to helping the industry shed problematic stereotypes.

It is also crucial to note that while change may seem slow to come, the needle is moving in a more accepting direction. It is easier to establish yourself as a reputable psychedelic company now and get in on the ground floor than it is to claw your way to the top of a crowded marketplace. Getting involved with a PR firm early gives you a head start when it comes to brand recognition, building credibility in the industry, and developing a loyal following and potential customer base. Your company can emerge as an industry leader just as other companies are attempting to jump on the bandwagon. Investing in PR today is investing in the future reputation of your business.

If these factors aren’t enough, consider what else a reputable PR firm can do for you:

  • Craft a brand story
  • Help establish you as a psychedelic industry leader
  • Generate visibility and brand recognition
  • Pitch stories that can help influence the public and policymakers
  • Help change the narrative surrounding psychedelic drugs
  • Target your key audience
  • Build brand loyalty
  • Build community relationships

Good public relations teams don’t sit back and wait for you to have news. They help strategize ways to make news. PR should not be passive. PR should be proactive in any market and help companies make their mark and shape the industry. A company’s needs for positive PR in the psychedelic industry are no different.

Whether you are a public or private psychedelic company, now is the time to start thinking about your image. With the help of an experienced PR team, you have the power to build your brand and mold the future of the psychedelic industry. The psychedelic business could quickly become the next big industry to experience hyper-growth. Getting started with PR early means you will have a strategic advantage over the competitors that wait to enter the market.

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3 Cannabis Branding Tips for Businesses Preparing for Adult-Use

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Cannabis Branding Is About To Become Extremely Important To Cannabis CMOs and Founders

Adult-use marijuana is on the ballot and in the minds of thousands of people in the United States this fall. Adult-use, especially in California, because of its market size will change everything for cannabis companies. What should cannabis brands be thinking about in preparation for market expansion? As a cannabis entrepreneur, you might be so busy keeping up that you haven’t given much thought to branding.

Before we jump into our 3 tips for cannabis branding, let’s talk for a minute about what branding is (and isn’t) so we’re all on the same page.

Branding: the emotional response the consumer has to your company and products. 
Branding: the humanity of your company.
Branding:  the often difficult to define, but easy to spot feeling people get when they know whether they want to “hang around” your brand.

 

Maybe the most important question is why should you CARE? Strong brands develop customer loyalty and they sell products for premium prices. Interested?

I thought so.

You know what companies are branding masters? Alcohol and tobacco. Technology. Beverages like soda, water, and sports drinks.

Truly great brands incorporate values, voice, design, and especially the customer into their presence, whether it’s in-person, online, or in-store. Notice I did NOT say that branding is the packing and logo. Those two are important aspects of branding. Logos and packaging should not be the last thing you ever do with branding. Branding should be a cornerstone of culture, communication, and position that your customers continue to relate to.

Strong cannabis branding will be a steady platform from which you make decisions on everything from products to partnerships, hiring and marketing campaigns. Cannabis brands need to nurture and develop their brands to be ready for the expansion of adult use. This is particularly important in California where consumers expect sophisticated brands and branding.

So, regardless of where you are in your branding process, it’s never too late to consider these 3 tips for cannabis brands in the adult-use market:

 

BE REALLY CLEAR: WHO is your customer?

Many people hear this question and they immediately think of demographics. That’s fine, be clear on demographics, it will save you time and money. But dig deeper. Think about your customer’s lifestyle, their other passions, and what motivations you’ll be tapping into when they see your brand.

Are your customers proud proclaimed pot users or have they been an “in-the-closet” user for most of their adult lives? If they aren’t open cannabis users, why is that? Is it because of kids, jobs, cultural fear? The potential of adult-use is tapping into the existing cannabis user or the adult whose perception of cannabis is changing and they’re beginning to see marijuana like a craft beer. This is future of cannabis branding-it’s wide open. You can do some really powerful branding when you understand these deeper aspects of your customers.  Do 2-3 customer profiles as you would if you were writing a bio on someone, this simple exercise can give you extraordinary clarity on your customer.

The potential of adult-use is tapping into the existing cannabis user who is in the closet or the adult whose perception of cannabis is changing even though they aren’t regular marijuana users. These new to marijuana customers will gravitate towards brands that are as well-rounded and credible as the other brands they’re used to buying. This is the future of cannabis branding-it’s wide open. You can do some really powerful branding when you understand these deeper aspects of your customers.

To prepare for these different customers, do 2-3 customer profiles as you would if you were writing a bio on someone, this simple exercise can give you extraordinary clarity on your customer.

 

ASK YOURSELF: Do I really SPEAK to my customer?

Now it’s time to look at the way you speak to your customer? Depending on how you view your brand, your voice might be “friendly-let’s-hang-out” or it might be “knowledgeable advisor” “edgy-hipster” or “couch-locked stoner”. There is room for each of these voices, but not within the same brand.

Whatever your voice is, be sure it’s one that your ideal potential customer can relate to. The cannabis market is expanding beyond the traditional young person’s product and while there’s still room for that branding, the market is expanding.  Today’s marijuana user isn’t necessarily hiding from their parents, they might be hiding it from their kids. I hear a lot of cannabis entrepreneurs say that they absolutely understand their market because they are marketing to their friends. Well, that’s a great start, but the average person only has 338 Facebook friends – you’re going to need your business to be a lot bigger than that, so you may have to dig deep and really think about whether your brand is relatable to a larger audience.

 

REMEMBER: Be consistent!

Now that you’ve identified your customer and the voice, take a hard look around at the rest of your branding. Is your branding consistent from the four senses perspective – does it look, feel, smell, taste like your brand? Would your ideal target customer buy and, more importantly recommend to their friends? Sophisticated branding will take all this into account.  Commanding a higher price for your cannabis product requires that you consider these elements. Set some branding goals for your company and prioritize based on budgets. But do set them because as the market opens up, the strong brands who have developed loyalty will be the ones truly capitalizing on the future of cannabis branding.

 

The A-Team specializes in converging great brands with marvelous stories the media wants to write about.

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3 Massive Cultural Trends for Emerging Brands

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[4 minute read time] Today’s CMOs are constantly scanning the news and social networks for the latest trends and cultural shifts. For emerging brands, cultural trends and shifts couldn’t be more important. But even the savviest of CMOs needs to put these separate trends into a broader cultural context in order to put them to use. Enter TrendHunter, their annual Trend Report is a must-read for PR firms, CMO’s, Product Managers, and Innovators. Guess who else watches these massive cultural trends? The media.

As a PR firm that specializes in emerging brands and emerging industries, we’re extremely fortunate to be working with brands already leading the charge on many of the trends and cultural shifts that the latest TrendHunter report documents in its 200+ pages. A few cultural trends caught our eye and thought they were worth digging into on a deeper level for our community of CMOs and media.

3 Massive Cultural Trends for Emerging Brands

Magic Mushrooms

Over the last 6 years, we’ve noticed an increasing demand for mushroom-based functional foods. The wonders of the mushroom knows no bounds. Nowhere is this more true than in the expansion of psychedelic mushrooms. As researchers fast track the science behind therapeutic benefits of psychedelics, global businesses in Brazil, The British Virgin Islands, and the Netherlands, benefiting from legal loopholes are launching brands and experiences that include psilocybin (the compound that creates psychedelic mushrooms). In the US, like cannabis-based THC, psilocybin remains federally illegal, but the local movement to decriminalize the psychoactive ingredient in mushrooms has already begun in Denver, Oakland, and Santa Cruz (as of this writing). Emerging businesses and innovators see psilocybin following the same path of cannabis, but moving considerably faster towards legalization.

Audio Only

Most marketing executives could not ignore the breakthrough app of 2020: Clubhouse. Clubhouse may or may not have peaked already, and everyone’s listening to see what’s next. Interestingly, the pandemic surge on ClubHouse came just as marketers were wondering whether podcasts, famously popular with commuters and gym rats, would remain relevant. But podcasts survived, and some would say even thrived.

Apps like Calm, which uses sound to ease tension also surged during the pandemic. Music lovers know the secret to these apps: listening to sounds has a measurable effect on mood and dopamine regulation. Could it be true? Are audio-only meetings more memorable than video meetings? Twitter is betting on it with its pandemic feature: ‘Spaces.’ Emerging from the pandemic, the sound will be part of every experiential memory and brands will be looking to research to determine how their sound logos impact people’s moods much the way the we investigate how color impacts mood for graphic logos. We’re launching the ability to LISTEN to our blog posts starting with this very post.

 

Inclusion

Brands Celebrate Inclusivity

Gillette Skinclusive Line

Inclusion is no longer a buzzword, it is now part of our day-to-day awareness.  This year, Gillette Venus’ Skinclusive line launch with a summer line, “My Skin, My Way” on video game Animal Crossing. But inclusive skin is in, and so it differently abled bodies with this launch. In-game inclusivity mirrors our greater awareness of how our differences can be beautiful. We’re seeing inclusion happening in apps like Chapters: Interactive Stories, where users can create an avatar that reflects their ethnicity as well. Expect to see this in-game inclusivity mirror: gender inclusion and political points of view as well.

Brand Purpose

Bonus round: brand purpose. From sustainability to social good, TrendHunters covered the trend we’ve been seeing for several years: brand purpose. The best brands in the world are already ahead of the game on this, but it’s also trickling down to emerging industries and smaller brands and that’s because tomorrow’s most influential buyers care very much about where their products come from and what the social, political, and environmental costs of the brand are.

 

All of these trends have massive PR, product, and marketing implications. More and more, our clients are bringing us in at the beginning stages of ideation, to ensure not only do campaigns hit newsworthy notes, they also keep them out of hot water, which is a moving target these days. But our team, hand-picked for emotional intelligence, are here to help you see emerging trends all around.

 

Thanks for joining us today!

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PR Insights from the Eaze Cannabis Report

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The 3 Most Surprising PR Insights from the Eaze Cannabis Report

[3 minute reading time]
For cannabis brands, 2020 was an eye-opener. This week Eaze released their year in review for cannabis 2020 that offers PR insights for cannabis brands. As a delivery service, Eaze can pick up on some fascinating stats from a year that was (hopefully) like none other. Unsurprisingly to those in the industry, high anxiety levels fueled cannabis consumption to new heights in 2020; order volume was up by 15% on the Eaze platform even though dispensaries are considered essential businesses in many states, including California, which is 2X the combined size of the four states (AZ, JN, MT, MD) that legalized in 2020. The question is always “will this be the same or better in 2021?” While stats from years past are always fascinating, especially if they are an anomaly, when we looked at it, we see important PR insights from the Eaze Cannabis Report.

 

#1 Vapes Held Their Own Across All Ages

Even after the 2019 vape crisis, cannabis users continued to choose vapes consistently. While edibles were the #1 category of 2020, for GenZ they remained first choice. Apparently, GenZ isn’t concerned in the slightest about the vapes and continues to trust that cannabis brands will continue to earn their trust. Vapes were second only to edibles for Millenials and GenX. These two generations are very familiar with vapes, so there’s no surprise there and plenty of vape brands squarely target these demographics.

Boomers also chose vapes, they came third behind edibles and flower. Perhaps because of the covid-lung concerns, Boomer vape purchases declined in 2020, but vapes still outperformed topicals and prerolls for Boomers, which is fascinating given their appeal to the age group. The fact that Boomers choose flower second only to edibles isn’t much of a surprise considering the nostalgia that flower holds for that generation. If you’re a flower company, that’s definitely something to tap into in your cannabis public relations, branding, and advertising. PR Insights from the Eaze Cannabis Report offer cannabis brands important opportunities for 2021 too.

 

#2 Purpose Driven Cannabis Brands See Big Gains

Within cannabis, the number #1 purpose-driven theme is social equity, which has been important since legalization started. 2020 heightened social equity awareness for all consumers and cannabis buyers especially responded. According to Eaze, 9.5% of all customers bought social equity brands. What’s surprising in the cannabis stats for cannabis brands is customers over 30 were more likely purchase from social equity brands than younger customers. Men, in particular, were more likely to buy from social equity brands than women. These two statistics are surprising because they aren’t consistent with typical purpose-driven brand buyers   which typically skew female and younger.

 

#3 420 NOT the Biggest Cannabis Holiday in 2020

Green Wednesday, the Wednesday before Thanksgiving topped the purchase charts in 2020, up from second place in 2019. What’s also interesting is the other big seller nights: last night of Hanukkah, New Year’s Eve and Christmas Eve. None of these last 4 “cannabis holidays even broke into the top 5 in 2019, so their appearance provides overlooked cannabis public relations and advertising opportunities in 2021. Be on the lookout for other lifestyle holidays your customers might pair with cannabis because 2021 will continue to be disruptive in terms of large-scale events and large gatherings which typically dominated big sales days outside of 420 in previous years. The 2020 cannabis brand insights report by Eaze lists some outstanding examples of big sales days driven by current events or lifestyle.

Overall, like others, we expect 2021 to be a very good year for cannabis sales, but since consumer habits are changing, it will be ever more important for cannabis brands to watch their own data closely so they can engage and expect their customers’ next move.

The Eaze 2020 State of Cannabis Report

 

This article originally appeared on our sister site Primo PR

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Will Weed Conventions in the Cannabis Industry Continue to Be Important for the Future of Legalization?

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As the cannabis industry grows, so does the need for conventions and conferences that focus on weed. These events provide a valuable opportunity for businesses in the cannabis industry to network and share information with one another. They are also a great place for consumers to learn about new products and strains. 

What to Expect at a Weed Convention

You will find cannabis professionals take their industry very seriously; you will find people dressed as you would any other professional industry. This isn’t just because weed consumption isn’t legal in most cannabis industry convention centers, but it’s also that cannabis is serious business. Millions of dollars of investment are flowing into cannabis and these investors expect a buttoned-up and professional organization.

Weed conventions have already become an important part of the cannabis industry. In just a few years, they have grown from small, regional events to large national conventions. The most well-known weed convention is the Cannabis Cup, which is held each year to celebrate the best in cannabis. The Cannabis Cup is a global event in multiple cities and multiple companies. 

Why Professionals Go to Cannabis Industry Tradeshows

Weed conventions offer a variety of educational sessions and panel discussions. Attendees can learn about everything from growing and harvesting cannabis to marketing and branding products. There are also often exhibits where businesses can showcase their products and services.

Cannabis has a long history of handshake deals and in-person business because it has operated in grey areas for so long because of federal regulations. Weed conventions offer an opportunity for businesses to network with each other. They provide a forum where companies can share information about the latest trends in the cannabis industry and learn from each other’s experiences. Attendees can talk to exhibitors and learn about the different cannabis products available, from strains to format, there is always something new at a weed convention. They can also learn about the various ways that cannabis can be used, such as for medical purposes or recreational enjoyment.

Conferences are also a great place for cannabis journalists and cannabis influencers to gather.

Weed conventions are an important part of the cannabis industry and offer a valuable opportunity for businesses and consumers to learn about new products and trends. They provide a forum where businesses can share information and learn from each other’s experiences, and they are a great place for consumers to learn about new products and strains. As the cannabis industry continues to grow, weed conventions will become even more important.

Weed conventions are an important part of the growing cannabis industry. 

If you’re a cannabis business looking for top-rated cannabis PR, please visit our cannabis insights page. 

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Successful Influencer Campaigns in 5 Steps

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Successful Influencer Campaigns Aren’t Unicorns

PR has a number of tools in its tool belt, one of them is successful influencer campaigns & partnerships.

In consumer goods, influencer marketing is establishing a significant place in the mix. When we see some of these campaigns, a little part of our PR soul dies. Frankly, some of them are brand-damaging and unlikely to have an influence on sales. When working with influencers, you’re already taking a risk that there’s a past or future PR fiasco that could affect your brand reputation.  Influencer marketing should be considered paid media and owned media and just like you wouldn’t put out an ad or other content that damages your brand, nor should you execute an influencer campaign without consideration. Some people seem to think so long as you’re getting your product in someone’s IG story that’s all that matters, we disagree.

We believe all consumer goods PR should be executed with strategy and thought. While influencer campaigns aren’t exactly the same as ads, we take insight from advertising research to inform our recommendations.

On average, it takes 21 brand exposures to bring someone to the purchase phase.
5-9 brand exposures to create brand awareness
more than 10 exposures during the consideration phase

While influencer campaigns are a paid opportunity (influencer rate range from product exchange to $1 million per post), there are public relations and brand opportunities and implications as well. While you might not be able to spend $1,500 per post, you should seriously balance the PR and brand implications.

Working with an influencer is NOT the same as placing an ad, so we also wanted to share our best practices for a  influencer campaign.

Get Crystal Clear on Your KPIs BEFORE Reaching Out to Influencers

If your consumer goods influencer campaign objective is SEO value as opposed to brand awareness, those are actually very different campaigns. They are both relevant.  Who you work with will be different. The number of influencers you work with will be different. How you CHOOSE the influencers might be different.  But even if you’re doing an influencer campaign for SEO value, we beg you to consider the brand implications.

For many CPG brands, their brand may be their most valuable asset, so treating the brand with long-term implications in mind is essential to the longevity or value of the brand. From a brand building and cannabis PR perspective, for MOST brands, our perspective is to go deep, rather than wide with cannabis social media influencers.  The biggest reason this is our typical approach is because of the importance of repeated exposure. This is PARTICULARLY important to emerging CPG brands whose other marketing initiatives are constrained.

Influencer Campaign Success #1:  Choose Your  Influencer Partners Carefully

No matter what strategy you apply to your influencer campaign, align with influencers who align with your brand. If you’re a wellness brand, maybe partnering with an influencer whose feed is about their last party isn’t natural synergy, the influencer’s audience may not receive your product well.

Why is a wellness driven product doing an influencer campaign with influencers aligned with party culture? Why not align with a nurse, a yogi, and a marathon runner? It’s jarring for customers to see inconsistent messages and creates brand confusion. Getting brand awareness is hard enough to do when you act with brand clarity, why make it harder on yourself?

Instead of looking at followers, look at engagement & reply rates. But dig a little deeper on those engagement rates, they should be consistent with typical engagement. If your influencer has 10,000 followers and 3,000 likes and 1,500 comments, that’s a red flag and suggests automation. On the other hand, if your influencer has 700 posts and 35 million followers, that’s disjointed as well. For context, as of this writing Kylie Jenner has 42M U.S. followers (164M globally), of which 1.2M are evaluated as authentic U.S. engagers, according to HypeAuditor. Is it POSSIBLE that they reached 35 million followers over 700 posts? Yes, but there must have been a viral trigger, so look to see what that could be.

Take a careful look at the other brands the influencer has worked with and see how they align with you. Have they worked with your competitors? Is that an advantage or a disadvantage?

Since this is likely a paid relationship, you should also be evaluating their overall professionalism. How thoughtful and eye-catching is the content, how professional is their response to your inquiry?

Ruthlessly review their past content for any red flags that could cause your brand problems, and also consider ways to mutually separate in case of a brand clash in the future.

If you follow the other steps below, this stage is incredibly important.

Build a Relationship with the Influencer Before Your Influencer Campaign

Note I keep referring to social media influencers as partners. Treat them as such, treat them as humans. Social media influencers will have an emotional response to how they are treated and no matter how professional they are, how you treat them impacts the outcome. That’s because the POWER of influencers is in the PERSONAL.

Why undermine the most valuable part of the partnership? Why not turn that influencer into an actual advocate?

By inspiring your cannabis influencer, you can bet they’ll have an easier time inspiring their followers and creating content that’s consistent for both brands. Meet with the influencer if you can, engage with them as they’re experiencing the product for the first time.

Explain your favorite aspects of the product/brand and discuss your brand values and vision, so the influencer can align their value systems and genuinely connect with the brand.

This more personal relationship approach is something 90% of influencer campaigns lack, and it shows.

Another reason to build a relationship with a brand influencer is to review how you’ll mutually handle it if the account is shut down during the campaign or afterward.

Allow The Influencer Creative Freedom & Voice

Effective  influencers have their own style of content and voice, you’re likely attracted to that style and voice – let then keep it. Influencers are master content creators, they see the world through a lens that sparks enthusiasm by their followers. A great influencer will happily develop content ideas that meet your objectives, while also reinforcing both brands. This content will put a fresh spin on your brand.

Collaboration magic happens when two brands align in such a way that it seems absolutely natural. Collaborating WITH the  influencer on content as opposed to directing or scripting the content enables to you leverage the influencer’s own brand while also enhancing yours.

Know FTC Guidelines

Make sure to review FTC guidelines on disclosure. This is especially important because it’s almost always the brand who the FTC investigates. The brand has more skin in the game, so the brand needs to be the enforcer.

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