On CA 2022 sales numbers -
1. CDTFA reported an 8% YoY sales decline, but probably closer to 5% (late returns to be added to Q4 ‘22 data).
2. People have pointed to lower retail prices as major driver of declining sales, and how this helps compete with illicit market in CA 💯
BREAKING NEWS 📢
@Twitter has announced major policy changes effective immediately:
Now allowing #cannabis advertisers to promote content for CBD, THC and cannabis services across the USA, officially becoming the largest 420-friendly social network.
https://t.co/vXhv3vUMjD
What the heck is going on with investing in cannabis? For the last two weeks, I've been calling every cannabis VC fund manager I know and taking their temperature on #investing in today's #cannabis industry. What I learned was pretty interesting, so I want to share it with you...
People who keep saying sober curious is a “coastal” thing haven’t done their research to know NA shops and options have been popping up in places like Houston, New Orleans, Charleston, Indianapolis etc
Sober curious movement has been less of a trend but permeating over time
Anyone else remember the rumor that was circulating a year ago that the TSX was going to to allow US cannabis operators to list on its exchange? Took them awhile, but here we are. #dontstopbelieving
https://t.co/SGe5JlR8L2
*NEW COMPANY, CANOPY USA, TO BUY ACREAGE HOLDINGS, JETTY, WANA
*CANADA’S CANOPY TRIGGERS US POT DEALS WITHOUT LEGALIZATION
*CANOPY GROWTH SHARES RISE 3.1% IN US PREMARKET TRADING
🇺🇸#cannabis 🌿 $CGC
Rep. Ed Perlmutter (D-CO), who introduced the bill in 2019, told The Hill Tuesday there’s “a lot of activity” around the legislation, which some senators have referred to as “SAFE Banking Plus” amid ongoing negotiations.
T-19 days 🗳️
🇺🇸 #cannabis 🌿
https://t.co/jPcppeNV8S
Delighted to be speaking at MJBizCon this November 15-18 in Vegas again this year at the pre-conference Finance Forum! Haven’t registered yet? Use promo code: SPKMJB2210 to save 10%. https://t.co/omKLa1AMnq
Yesterday, @potus announced that he would be issuing thousands of pardons for simple marijuana possession. But what does this news really mean for our constituents and the country as a whole?
Allow us to break it down for you.🧵
As I’ve said before, no one should be in jail just for using or possessing marijuana.
Today, I’m taking steps to end our failed approach. Allow me to lay them out.
Will cannabis beverages gain traction and garner a bigger chunk of consumer wallets? Or will this continue to be a story of 1-5% of the total pie? @Headset’s beverage deep dive looks at some of these key markets
https://t.co/nGRIRY0Mj6
Other than California, the introduction of new cannabis beverages remains stagnant. Would more innovative, exciting and new types of beverages drive sales or lead to too many options and complicate decision making for consumers?