Mid-Week Update: https://youtu.be/UJgs6gGfRjE
Curaleaf, Verano, Harvest Q2 Earnings: https://youtu.be/8rQ7cL8PTEQ
GTI, Trulieve, CC & Cresco Q2 Earnings: https://youtu.be/AFnPIpTnv3g
Timecodes:
00:00 – Intro
00:40 – AG Garland Did NOT Speak on Cannabis / No Members Had Courage to Ask
1:36 – New Understanding Washington Write Up… Time to Adapt, Plan Accordingly
2:50 – Contact Your Representatives, Americans Need to Make Noise & Add Pressure
4:15 – NY Regulators Let Medical Patients Home Grow / Expungement Update
5:43 – D.C. May See Adult Use Sales Start as Harris Rider Omitted From Approps Bill
7:27 – Cantor’s Takeaway from MJBizCon via Todd Harrison
9:09 – Great Visual from CC Invest Comparing MSOs P/S with Celsius Holdings
10:26 – FL Added 3,909 Patients, Sales Back Up
11:11 – Curaleaf & Rolling Stone Extend Partnership into CA, AZ, CO and MA By Early 2022
12:05 – Verano Upsizes Credit Agreement, Reduces Interest Rate from 9.8% to 8.5%
13:12 – Trulieve Opens Harvest Affiliated Dispensary in PA
13:48 – Cresco Opens 5th PA Dispensary, 38th US Wide
14:24 – Snapshot of Lines Outside Dispensary, Est. 5K to 7K Customers Weekly
15:12 – Republicans Reps Aim to Push Adult Use Legalization Bill in OH
15:50 – Senate Committee Demands State Department Explain Failed Drug War
17:54 – Mexican Senators Say Legalization Bill Could Advance in Coming Weeks
18:25 – Canadian Adult Use Sales Up 5% M/M to $357M
19:52 – Canopy Growth Corp To Report Q2 2022 on Nov 5th, 2021
20:12 – Proposal to Legalize Adult Use in Luxembourg
20:53 – Switzerland to Legalize Adult Use and Cultivation, Bill Passed But No Date Given
22:02 – Costa Rica Congress Approves Legalization of Medical Use
22:34 – Study Finds ADHD Patients Report Improvements Using Plant Medicinally
24:17 – Study: Over 60% of Women Used CBD, Half Report Subbing CBD for Opioids
25:17 – IRS Indirectly Asks Congress to Pass SAFE, ONLY Industry ASKING to be Taxed!
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Sources:
.@kylejaeger and I watched six hours of Republicans and Democrats *not* asking the attorney general about marijuana today just to make sure we could bring you the news in the event they did.
If you appreciate the work, support the work:https://t.co/tiwZjdawXr
— Tom Angell 🌳📰ⓥ (@tomangell) October 21, 2021
https://www.forbes.com/sites/ajherrington/2021/10/20/washington-dc-may-see-recreational-marijuana-sales-under-new-budget-bill/amp/
Cantor's Take-Aways from #MJBizCon include:
1. A vibrant US industry 👇
2. Longer fed reform -> better for MSOs.
3. M&A expected to accelerate.
4. 2H21 slowing / normalizing post-COVID
5. FLA, NY , NJ, PA, IL particulars (not incl)🇺🇸 #cannabis 🌿 pic.twitter.com/eQG9MwlHy0
— Todd Harrison (@todd_harrison) October 22, 2021
Celsius Holdings price/ sales vs. MSO's.
Very similar operating metrics, growth rates, slightly worse margins than MSO's.
Patience.. 😀 pic.twitter.com/q2CvU946kX
— CC (@ccinvest2) October 22, 2021
https://knowthefactsmmj.com/wp-content/uploads/ommu_updates/2021/102221-OMMU-Update.pdf
https://www.prnewswire.com/news-releases/curaleafs-select-brand-and-rolling-stone-expand-strategic-relationship-301405632.html
Verano Upsizes Credit Agreement to US$250 Million at 8.50% With an Additional US$100 Million Option
https://investors.trulieve.com/news-releases/news-release-details/trulieve-affiliated-dispensary-opens-pittsburgh?utm_medium=email&utm_source=rss_feed
https://www.businesswire.com/news/home/20211021006075/en/
an oldie but a goodie. read the caption…. hold tight folks. Schumer and Booker can only stand in the way for so long. The market is there and that is all that really matters. @AyrJen mentioned they are doing $10k per/sq ft in sales. Apple does ~ 6k/per sq ft. Insane. $msos pic.twitter.com/aMufvX3p4p
— Santiago Dunbar (@DrXfizz) October 22, 2021
https://wtov9.com/news/local/ferguson-aims-to-push-adult-use-marijuana-bill
Top Mexican Senator Says Marijuana Legalization Bill May Be Taken Up Within Weeks
Canadian Cannabis Sales Increased 44% in August to Record $357 Million
Canopy Growth to Report Q2 2022 Financial Results on November 5, 2021
https://www.theguardian.com/world/2021/oct/22/luxembourg-first-in-europe-to-legalise-growing-and-using-cannabis?CMP=twt_gu&utm_source=Twitter&utm_medium#Echobox=1634895309-1
https://www.usnews.com/news/world/articles/2021-10-19/costa-rica-congress-approves-legalization-of-marijuana-for-medicinal-use
Survey: ADHD Patients Report Improvements Following Cannabis Consumption
https://www.sciencedirect.com/science/article/pii/S1553465021008955
IRS: Give us #SAFEBanking!
🇺🇸 #cannabis 🌿
cc @SenSchumer @SenBooker pic.twitter.com/c0z61ahXvj
— Todd Harrison (@todd_harrison) October 22, 2021
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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. **
