Mid-Week Update: https://youtu.be/QQRtzzmU1qs
Educational Video – Portfolio Breakdown: https://youtu.be/0bDsN27NPvY
**This news is not investment advice, for educational & entertainment purposes only. **
Corrections: @4:53 NV 1st YEAR $1B+, Not Month / @17:08 End Prohibition** Not Reform
Timecodes:
00:00 – Intro
00:40 – Memorial Day Weekend Sales
02:25 – IL Adult Use Cannabis Sales for May
3:46 – NV Adult Use Cannabis Sales So Far In 2021
5:00 – Florida Update – Added 2,400 Patients, Strong Medical Sales
6:00 – CannaVestments Update Meeting With Portfolio Companies
7:01 – Who Is CannaVestments? Connecting Dots From Wednesday
8:27 – Needham’s Takes on US Cannabis Going Into 2H21
9:30 – Politco Pro Recaps Great Few Weeks For Industry
10:45 – Todd Harrison’s Thoughts on Parliamentarian Update Article
11:47 – Article: Senate Parliamentarian May Have Foiled Schumer’s Plan
16:25 – Todd’s Last Take, As Reform Chances Go Down, SAFE Goes Up… NY Needs SAFE
17:20 – Civil Rights Groups Demand Congress Pass MORE Act By End of June
18:40 – CT Lawmakers Reach Deal For Wednesday Deadline, Not In Writing Yet
19:25 – LA Bills To Legalize Smokable Flower / Decriminalize Possession
20:30 – Verano Maximizes NJ Footprint, Now 78 Dispensaries US Wide
21:10 – Czech Republic Looking to Legalize Medical Cannabis
22:20 – Hemp Making a Comeback in Turkey Due to Economic Woes, WHY HEMP?
25:09 – UK Lawmakers Admit Drug Laws Are Failure, Call to Reform Laws
27:56 – New Cannabis Ventures Ranking: US MSOs and Canadian LPs Revised
31:40 – Podcast Worth Tuning Into with Alan Brochstein, Creator of NCV.com
31:58 – Great & Relevant Tweet to End With…Where Will Institutions Invest Next?
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Sources Mentioned:
https://www.prnewswire.com/news-releases/akerna-flash-report-memorial-day-weekend-brings-in-over-234-300-000-of-cannabis-sales-301305879.html
https://www.idfpr.com/Forms/AUC/2021%2006%2002%20IDFPR%20monthly%20adult%20use%20cannabis%20sales.pdf
https://imgur.com/a/KgiSYSd
https://s27415.pcdn.co/wp-content/uploads/ommu_updates/2021/060421-OMMU-Update.pdf
Had incredible meetings with a number of portfolio companies yesterday. Some resounding takeaways:
-Don’t bet against 🇺🇸 cannabis
-Still early innings
-Indoor>Greenhouse
-Experience, scale, and access to capital is the name of the game
-Institutions are waiting at the gate— CannaVestments (@CannaVestments) June 4, 2021
https://www.vginvests.com/portfolio
Needham on 🇺🇸 #cannabis 🌿 pic.twitter.com/MkUNyhgJJI
— Todd Harrison (@todd_harrison) June 2, 2021
.@POLITICOPro 🇺🇸 canna recap sums up the solid stretch for the space and make no mistake, this is a really solid stretch; CT didn’t even make their deadline. 😉 pic.twitter.com/wGsQjl447o
— Todd Harrison (@todd_harrison) June 4, 2021
quick thoughts:
1. market already knows bc 🇺🇸🌿 back @ Jan levels
2. zero shot schumes walks away empty-handed
3. ^ he's trying but can't pass w/o support
4. still a state-led story + fundies getting better
5. we gonna remain patient but u gotta do ugood luck / java good wknd https://t.co/MbIINCjnLi
— Todd Harrison (@todd_harrison) June 4, 2021
https://thefreshtoast.com/politics/senate-parliamentarian-may-have-foiled-schumers-marijuana-legalization-plan/
waiting on others to realize that IF Schumer doesn't have the votes for comprehensive cannabis reform, the odds of SAFE banking uptick in-kind.
New York is fully legal but there can be no social equity without functional banking; NY @SenSchumer knows it.
🇺🇸 #cannabis 🌿
— Todd Harrison (@todd_harrison) June 4, 2021
Civil Rights Groups Demand Congress Pass Federal Marijuana Legalization Bill This Month
Connecticut Lawmakers Finally Reach Marijuana Legalization Deal With Governor
Louisiana Bill To Legalize Smokable Medical Marijuana Heads To Governor’s Desk
https://investors.verano.com/news/news-details/2021/Verano-Maximizes-New-Jersey-Footprint-with-Opening-of-Zen-Leaf-Lawrence/default.aspx
Czech Parliament advances bill to liberalise medical cannabis
https://www.theguardian.com/world/2021/jun/05/turkey-experiments-with-cannabis-crops-to-boost-hemp-production
Sixty MPs And Peers Back Calls For Review Of 50-Year-Old UK Drugs’ Laws
First Quarter Earnings Reports Show Strong and Improving American Cannabis Industry Fundamentals
https://anchor.fm/cannabis-investing-network/episodes/95—Patience-Will-be-Rewarded-for-Cannabis-Investors-ft–Alan-Brochstein-of-420investor-e120onl
Don’t follow the institutions. Invest where they are going to go.
— Ian Cassel (@iancassel) May 29, 2021
The Ultimate MSO Resource, Thank You Awesome Human For This:
https://www.dropbox.com/s/bgogg22ba76j65a/US%20MSO%20DD%202019.xlsx?dl=0
This Week in Cannabis is a weekly recap of the Cannabis industry for retail investors to learn about the budding opportunity unfolding in North America before Cannabis goes global.
For FREE Financial Education, check out these free resources:
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Disclaimer
**This is not investment advice. It is educational and informative entertainment to help people learn new investing perspectives that they can compare with their own. Invest at your risk. **
