This Week in Cannabis News – May 2 to May 8 2022
This Week in Cannabis News – May 2 to May 8 2022
*This news is NOT investment advice. It’s for educational purposes only.*
Mid-Week Update: https://youtu.be/XQ0lQ261wAU
Cresco & Columbia Care Q4: https://youtu.be/FOWxHZ8taOk
Trulieve Q4: https://youtu.be/LRz7sI1a_YA
GTI Q4: https://youtu.be/zQWz7S3JWYA
Curaleaf Q4: https://youtu.be/3ywWtJyvpnY
TerrAscend & Ayr Wellness Q4: https://youtu.be/FXjtaerxiQI
Direct to Pelosi to Support #SAFE in #AMERICACOMPETES: https://www.speaker.gov/contact
Timecodes:
00:00 – Intro
00:40 – First Month of Adult Use Sales Near $40M in NM, Great Start
1:35 – Legal Canna Sales Surpass Starbucks in 2021 & Big Pharma’s Getting Scared
3:00 – March Sales Bounced Back From Feb in Most States via NCV
8:10 – FL Adds 3,107 Patients, 4 New Dispensaries Open – 9:05 – FL Comp Sheet as of 5/6
9:24 – Politico Pro Covering SAFE as Response to Cannabis Crime Wave
9:44 – Isaac Boltansky on SAFE Banking – 10:30 – AGP on SAFE Banking & MSO Outlook
10:50 – The Hill Covers Momentum Building for Major Cannabis Bill, SAFE, Not CAOA
12:58 – IF SAFE Doesn’t Pass in AC, SAFE Can Garner Votes to Pass If Voted On
14:04 – No MSOS Redemptions This Past Week, US MSOs Holding Up Compared to Others
14:40 – States that Legalize Bring in More Tax Revenue from Pot Sales Than Alcohol
15:17 – Visual Comparing Still High Growth US MSOs to Traditional CPG, Trul Best Deal?
17:26 – Curaleaf Opens 3 New Dispensaries in FL, Giving 50 in FL, 133 US Wide
17:46 – Verano Opens Company’s 46th Location in FL – 18:40 – Look at GTI Q1 Earnings 20:45 – Comparing GTI & Verano’s Balance Sheets, Goodwill, Why Not So Bad For MSOs
22:57 – Comparting GTI & Verano’s Current Assets & Liabilities, GTI Looking Better ATM
23:42 – Sayshu’s GTI 1Q22 Earnings Takeaway – Can Pause to Read
24:20 – Ben Kovler Quote “Rec Sales on RI Can Start as Early as Oct 2022” BONUS!
24:38 – CT Receives 15,600 Applications for First Dozen Licenses LOL
25:12 – VA Senate Blocks Govenor’s Attempt to Recriminalize Possession?
25:36 – CA’s Small Businesses Capitulate, Dems Crushing Small Biz for MSOs…
26:15 – Study – Over 50% of Canada’s MS Patients Using Pot, 76% Buying Legally
27:05 – Flower Effective for Treating Fatigue, 91% Reported Symptom Improvement
28:00 – German Health Minister Gets Behind Expediting Reform. Mexico Where you at?
Sources:
https://www.lcsun-news.com/story/news/local/new-mexico/2022/05/03/recreational-cannabis-sales-new-mexico-near-40-million-first-month/9636607002/
https://mjbizdaily.com/licensed-marijuana-sales-in-2021-eclipsed-coffee-giant-starbucks/
https://knowthefactsmmj.com/wp-content/uploads/ommu_updates/2022/050622-OMMU-Update.pdf
Florida THC Market Share Comp Sheet (Top 8)$TCNNF $AYRWF $VRNOF $CURLF $CNTMF pic.twitter.com/5Ko8WczOLt
— Pierre Gilles (@CompoundValue87) May 6, 2022
🇺🇸 #cannabis 🌿#SAFEBanking 🏦
@SenSchumer 👀 pic.twitter.com/EuunvwsEIX— Todd Harrison (@todd_harrison) May 6, 2022
Isaac ⚡️ Boltansky on 🇺🇸🌿 #SAFEBanking
“we remain bullish on cannabis banking legislation becoming law in 2H22.”
🇺🇸 #cannabis 🌿 pic.twitter.com/BXo84r6jmN
— Todd Harrison (@todd_harrison) May 6, 2022
AGP on 🇺🇸 #cannabis 🌿
"While we await momentum at the federal level, state by state momentum appears ripe to provide multi-year catalysts for MSOs including high-margin sales in the early years as these markets will likely be supply constrained." pic.twitter.com/7Ln4QRSBph
— Todd Harrison (@todd_harrison) May 6, 2022
It looks like we possibly get @SenSchumer’s CAOA and COMPETES finalized with or without SAFE by the Aug recess which is Aug 8. It seems at least 10 GOP will vote for it meaning SAFE could pass alone. Abortion bill likely the New Democrat priority. https://t.co/54oOuMXhVn pic.twitter.com/0ix3Q5LSJx
— MJ Stock Trader (@stock_mj) May 4, 2022
Yet again no $MSOS redemption. https://t.co/G7SyXpOvJx
— MJ Stock Trader (@stock_mj) May 7, 2022
States that legalized marijuana are bringing in more tax revenue on pot sales than alcohol
A majority of states that legalized recreational marijuana for recreational use are collecting more tax revenue from pot sales than alcohol sales.
🇺🇸 #cannabis 🌿https://t.co/4Qji7xLvqA pic.twitter.com/EOjqrrta9A
— Todd Harrison (@todd_harrison) May 6, 2022
🇺🇸 #cannabis 🌿
h/t Capital IQ pic.twitter.com/coXiMrYyLn
— Todd Harrison (@todd_harrison) May 3, 2022
https://ir.curaleaf.com/2022-05-06-Curaleaf-Expands-Retail-Presence-in-Florida-with-Three-New-Dispensaries
https://www.globenewswire.com/news-release/2022/05/06/2437628/0/en/Verano-Opens-M%C3%9CV-Fort-Myers-Beach-Company-s-46th-Florida-Location.html
https://www.globenewswire.com/news-release/2022/05/04/2436085/0/en/Green-Thumb-Industries-Reports-First-Quarter-2022-Financial-Results.html
$GTBIF 1Q22 Earnings – My Takeaways:
1. Revs/AEBITDA of $242.6M/$67M vs. est of $237.1M/$73.5M, beat/miss of 2%/9%, resp
2. Few notable things came out of the call today…— Sayshu Medicherla (@Sayshu_MM) May 5, 2022
"Rec sales in Rhodes Island can start as early as Oct, 2022." – @Bkov9 $GTBIF $GTII
— MJ Stock Trader (@stock_mj) May 4, 2022
15K applications to sell cannabis in Connecticut
HARTFORD, Conn. (AP) — 15,600 applications were submitted before this week's deadline for a chance to be awarded one of the first dozen licenses to open a retail marijuana shop in Connecticut.https://t.co/LWMFiWEFt9 pic.twitter.com/NJEdkZPg8H
— Todd Harrison (@todd_harrison) May 6, 2022
Virginia Senate Blocks Governor's Attempt to Recriminalize Weed Possession
A year after Virginia legalized weed, the Governor altered a bill intended to regulate THC edibles in an attempt to make cannabis possession illegal again#Virginia ⚔️ #Cannabis https://t.co/TbvdG214ym pic.twitter.com/6WsFouINxy
— Todd Harrison (@todd_harrison) May 4, 2022
California cannabis companies sell assets, narrow focus to save money
operators across state are unloading assets, shutting business lines and letting coveted licenses expire in order to cut costs and narrow focus.#California 🌴 #Cannabis 🌿https://t.co/uGue648fhY. pic.twitter.com/QYjXYOSg22
— Todd Harrison (@todd_harrison) May 6, 2022
https://merryjane.com/news/over-50-of-canadas-multiple-sclerosis-patients-are-using-medical-pot-study-says
German Health Minister Gets Behind Expediting Cannabis Reform
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.
Disclaimer
**This is not investment advice. It’s educational entertainment to help investors learn about the US Cannabis Industry. Invest at your risk. **
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My portfolio is 60% Growgeneration…. a masssive run up is coming for the MJ sector in the next 3 months I believe
Thank you, Jordan!!! I never miss an episode. Keep up the good work spreading the truth. The world needs more of that.