This Week in Cannabis News – Aug 16th to Aug 22nd 2021
This Week in Cannabis News – Aug 16th to Aug 22nd 2021
*This news is NOT investment advice. It’s for educational purposes only.*
Curaleaf, Verano, Harvest Earnings: https://youtu.be/8rQ7cL8PTEQ
GTI, Trulieve, CC & Cresco: https://youtu.be/AFnPIpTnv3g
Ayr, TerrAscend, Vireo, The Parent Co & GrowGeneration: https://youtu.be/o-LAHJydm6o
Timecodes:
00:00 – Intro
00:40 – B.C. Supreme Court Approves Final Order of Trulieve/Harvest Merger
1:57 – NJ Regulators Approve Adult Use Rules, Overview, Must Launch Within 180 Days
2:45 – Explaining WHY I think SAFE Will Pass BEFORE NJ Launches
6:30 – Valuable History Lesson / Thread via @WolfofWeedST
8:22 – Great Visual Reminder – Where We Sit Right Now In The Big Picture
12:11 – House Sponsor Perlmutter Pushing For SAFE Vote Sooner Than Later
14:40 – Booker’s Celebrity GF Joins CANN Board, Can She Help Get SAFE Passed?
16:33 – Virginia Lawmakers Consider Launching Adult Use Sales Early
17:35 – Nearly Half of US Adults Have Tried Cannabis, Trending UP
20:10 – Canadian Cannabis Sales See Record Sales of $319M For June
21:30 – FL Growth Strong, FL adds 2,400+
22:40 – New FL Governor Candidate Tweets If Elected, Will Legalize Adult Use
23:13 – Harvest Opens 11th Dispo in PA
23:35 – Goodness Growth Opens New 2 Dispo’s in NM
24:15 – IRS Hosts Cannabis & Crypto Tax Event Highlighting Industry Growth
26:21 – US Canna Insurers Get Ready to Roll As Federal Legalization Nears
28:03 – Kevin Durant Announces Partnership with WeedMaps to Destigmatize Use
29:30 – Medical Cannabis Laws Associated with Declines in Youth Cigarette Use
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Sources:
https://investors.trulieve.com/news-releases/news-release-details/supreme-court-british-columbia-grants-harvest-health-recreation?utm_medium=email&utm_source=rss_feed
This isnβt a bash the LP thread, our friendly neighbors are pumping up the numbers in sales & dispensary counts which was biggest hurdle in 2019, but in any new legal industry the survivors are few. Ex after prohibition there were 250+ alcohol companies… try naming 10
— Jason Spatafora (@WolfOfWeedST) August 21, 2021
Congressman Urges Passage Of Marijuana Banking Bill While Broader Reform Is Considered
https://news.gallup.com/poll/353645/nearly-half-adults-tried-marijuana.aspx
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=2010000801&pickMembers%5B0%5D=2.30&pickMembers%5B1%5D=3.1&cubeTimeFrame.startMonth=01&cubeTimeFrame.startYear=2021&cubeTimeFrame.endMonth=12&cubeTimeFrame.endYear=2021&referencePeriods=20210101%2C20211201
https://s27415.pcdn.co/wp-content/uploads/ommu_updates/2021/082021-OMMU-Update.pdf
If you elect me governor, I will legalize marijuana in Florida. #SomethingNew
— Nikki Fried (@NikkiFried) August 21, 2021
https://www.newswire.ca/news-releases/eleventh-harvest-affiliated-pennsylvania-dispensary-opens-in-south-philadelphia-853738432.html
https://investors.vireohealth.com/news/news-details/2021/Goodness-Growth-Holdings-Opens-Two-Additional-Green-Goods-Cannabis-Dispensaries-in-New-Mexico/default.aspx
IRS Hosts Marijuana And Cryptocurrency Tax Event That Highlights Legalization Support
https://money.usnews.com/investing/news/articles/2021-08-19/us-cannabis-insurers-get-ready-to-roll-as-federal-legalization-nears#
https://www.espn.com/nba/story/_/id/32051873/kevin-durant-aims-destigmatize-marijuana-use-new-partnership?platform=amp
Study: Medical Cannabis Laws Associated with Declines in Youth Cigarette Use
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.
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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. **
Gonna hit this dip this week!
Great video! Is your opinion that MSOS on the OTC will be able to uplist when the SAFE banking act passes? Or will happen only way out when federal decriminalization?
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Trulieve (& Harvest) market cap is way to cheap at approx 3.5b (& 1.5). 140 stores and over 3 million sq ft of cultivation. Curaleaf has 37 of it’s 107 stores in florida but its market cap is still around 7.5b. Trulieve has been beat down, all the bad news is most likely in, it’s undervalued. I’m buying as much as I can (Buying Harvest for the discount).
Also Cresco management is forecasting a 1 billion in sales for 2021, thats some good QoQ upside that I dont think is priced into the SP.
I want to buy Verano but wow, it just doesn’t stop selling off. Verano is the Alibaba of pot stocks
Is Truelieve or Harvest Health a better buy? Meaning where is the better deal?