This Week in Cannabis Investing News – Jan 31 to Feb 6 2022
This Week in Cannabis Investing News – Jan 31 to Feb 6 2022
Correction: @ 1:39 – Decriminalized, Not Legalized. @ 12:24 – 28M (NY 20M, NJ 8 M)
*This news is NOT investment advice. It’s for educational purposes only.*
Mid-Week Update: https://youtu.be/pkwNoAVPl0E
Trulieve & Verano Q3: https://youtu.be/4TXm72YAgJU
Curaleaf Q3: https://youtu.be/HspQL1KNMiM
Green Thumb, Cresco, Columbia Care Q3: https://youtu.be/VbWgKQveZwA
Timecodes:
00:00 – Intro
00:40 – SAFE Banking Passes in the #AmericaCompetes Act, Will Schumer Pull Again?
1:16 – Schumer Update – Plans to File CAOA in April, Making It Priority.
2:06 – December Sales Bounced Back in Key Markets via New Cannabis Ventures
6:18 – MI Sales For December Hit $135M, Up From $120M in November
6:36 – MT Sees $12.8M in First Month of Sales After Launching Jan 1 2022
7:31 – FL Adds 6,250 Patients, Love to See the Jump in Growth + Strong Sales
8:21 – NJ Regulators to Meet Feb 24 For Potential March 24 Launch via MJStock Trader
8:48 – #MSOS Ends Week with $36.22M in Cash, Up From $478K via Junglejava
9:19 – Snippets from Cannacord Genuity Research on Top MSO’s via Puff Daddy
10:26 – Verano CIO Spaces Sharing Info About GNDS Merger via Aaron Edelheit
10:49 – Visual Showing How Undervalued MSO’s Are to Other Industries via ElGuapotron
12:31 – Trulieve Celebrates Statewide Rebrand in MD
12:53 – Columbia Care Raises New Debt at Cheaper Rate / Open First WV Dispensary
14:40 – Green Thumb Industries to Open New RISE Dispensaries in VA
15:09 – PA Issues Mandatory Recalls on Certain Products, Developing Story
15:54 – Ayr Wellness to Hold Q4 Conference Call on March 17
16:18 – 1 in 10 New Jobs in MO Came From New Medical Cannabis Industry, 7k of 78k
16:59 – MS Officially Legalizes Medical, Governor Signs New Bill Into Law
17:33 – Retailers in CT Can Start Applying for Licenses As Of Feb 3rd
18:25 – TN Lawmakers Introduce Bills for Medical, Decriminalization & Legalization
19:00 – Legal Industry Added $43.5B to Canada’s GDP. Reform – No Brainer At This Point
21:01 – Brady Cobb, DC Lobbyist on Benzinga, New Outlook on Reform via ElGuapoTron
Sources:
https://www.michigan.gov/documents/mra/December_2021_Monthly_Report_745274_7.pdf
https://mjbizdaily.com/montana-recreational-marijuana-sales-exceed-12-8-million-in-first-month/
https://knowthefactsmmj.com/wp-content/uploads/ommu_updates/2022/020422-OMMU-Update.pdf
#NewJersey cannabis regulators meet on Feb 24 and Mar 24 and word is that on Feb 24 regulators are likely to approve adult-use sales which would go into effect 30 days later. 4/20 New Jersey sales would be an amazing catalyst. Don't stop putting pressure on NJ politicians!
— MJ Stock Trader (@stock_mj) February 5, 2022
Itβs awesome to wrap up the week with a massive inflow for the @AdvisorShares $MSOS ETF! Here are the changes made to the holdings for February 4, 2022.
π° position π€© $36.22M vs $478.5K
My estimated inflow is about $47.5M-$48M
πππ₯
Have a fabulous weekend #MSOGang!
1 of 2 https://t.co/6IdARj54yw pic.twitter.com/s7dI9TohS8
— jungle.java (@junglejava1) February 5, 2022
Useful Information On Columbia Care, Cresco Labs, and Curaleaf Shareholders πΏ Maybe Shareholders Can Correct Any Errorsβ¦ $CCHW $CCHWF $CL $CRLBF $CURA $CURLF PotStocks #weedstocks #Cannabis $MSOS $PSDN $CNBS pic.twitter.com/DcCzN84iSs
— Puff Daddy (@Puff_Daddy_Jr) February 5, 2022
Useful Information On Green Thumb, iAnthus, and Jushi Shareholders πΏ Maybe Shareholders Can Correct Any Errorsβ¦ $GTII $GTBIF $IAN $JUSH #JUSHF #PotStocks #weedstocks #Cannabis $MSOS $PSDN $CNBS pic.twitter.com/SGemEXq8xs
— Puff Daddy (@Puff_Daddy_Jr) February 5, 2022
TRULIEVE π₯³π¨π¨π¨ Current Cultivation (SqFt) πΏ And Dispensary Footprint π£ In The US πΊπΈ I Find The Cultivation Capacity Summary Very Useful. Believe TRULIEVE Actually Has A Total Of 5 Retail Licenses In Massachusetts And 9 Retail Licenses In W. Virginia $TCNNF $TRUL β¦ pic.twitter.com/M72PJtEcMt
— Puff Daddy (@Puff_Daddy_Jr) February 5, 2022
Join me in my Space! https://t.co/VgTiwocHL6
— Aaron Edelheit (@aaronvalue) February 2, 2022
Cannabis needs to develop an integrated campaign outlining the investment opportunity.
An accessible package of Video, Infographics, Articles, & Comp Tables will not only help attract investors now, but improve knowledge & conviction for new investors who pile in on the way up. pic.twitter.com/VEnNZa4xrl
— ElGuapoTron4000 (@ElGuapoTron4000) February 5, 2022
https://www.prnewswire.com/news-releases/trulieve-celebrates-statewide-retail-rebrand-in-maryland-on-february-5-301473458.html?tc=portal_CAP
https://ir.col-care.com/news-events/press-releases/detail/166/columbia-care-announces-closing-of-us185-million-private
https://ir.col-care.com/news-events/press-releases/detail/167/columbia-care-opens-first-cannabist-dispensary-in-west
https://roanoke.com/news/local/christiansburg-medical-marijuana-facility-to-open-next-week/article_773085ac-847c-11ec-b7b8-bbd7d90b3c0a.html
Pennsylvania Issues Mandatory Recall for Hundreds of Cannabis Products
https://financialpost.com/globe-newswire/ayr-wellness-to-hold-fourth-quarter-and-full-year-2021-conference-call-on-march-17-2022-at-830-a-m-et
https://abcnews.go.com/amp/Health/wireStory/mississippi-governor-signs-law-allowing-medical-marijuana-82634943
https://www.fox61.com/article/news/local/hartford-county/hartford/application-period-adult-use-cannabis-licenses/520-d772e417-76ea-41c9-a1a0-c1ce11f17ba3
https://www.wkrn.com/news/tennessee-politics/lawmakers-introduce-range-of-bills-to-legalize-marijuana-in-tennessee/
https://mjbizdaily.com/legal-cannabis-has-added-ca43-5-billion-to-canadas-gdp-report-says/
This is a must listen if you wanna know how @BCobblaw sees this all shaking out in the next few months.https://t.co/YPzs534KLX
1. Expungements/pardons & decrim(?)
2. CAOA (is DOA)
3. SAFE + MORE/SRA
4. HOPEGive it all a 60% chance because politicians are involved.$MSOS https://t.co/vR3yp6KUVa
— ElGuapoTron4000 (@ElGuapoTron4000) February 3, 2022
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 is educational and informative entertainment to help people learn about the US Cannabis Industry. Invest at your risk. **
Things are heating up!! Remember guys LP’s can’t sell cannabis in the USA. Only MULTIPLE STATE OPERATORS CAN. Thanks Jordan
π
As far as 2022 goes, I have just bought a few hundred Green Thumb. But now thinking about pulling the trigger on Columbia Care, wish me luck.
6th times a charm? Thanks for your stuff bro great work. Have a great week. High five on my Vireo shares eh. BAM! I feel a perturbation in the force. I live in Ontario and I killed it by accident investing in thos early Canadian companies Aphria, Tweed, aurora etc … Back then, Trudeau was coming up to a relelection (like the midterms in US this year) and it played out like this almost exactly. The Dems are going to weaponize this subject and ride it into a relection to get younger votes. Sadly, thats why i think it will be next year actual decriminlization happens legally. It’ll work too … Trudeau is still in office and this was 6 years ago.