High Finance

Cannabis Company CFO,
I definitely get high on my own supply

[High Finance @TheWeedCFO]

A lot of people think Finance & Accounting are the same thing.

They're very different.

But sometimes they go out to lunch together and it looks like this:

[High Finance @TheWeedCFO]

Detailed breakdown of Q1 Sales vs prior years; the region assignments were my own (someone else might break them out differently)

[High Finance @TheWeedCFO]

Growth in the Cannabis market is being driven by the Midwest & East Coast

We can see this in the Q1 sales numbers broken out by region. Over a 2 year period:

West (-12%)
Midwest +55%
East Coast +61%

*excludes Washington but I think it's unlikely that would change the trend (detailed breakdown shown in first comment below)

[High Finance @TheWeedCFO]

"280e might be gone"

[High Finance @TheWeedCFO]

Cleaned out my dad's closet and found a box of Super 8 reels, this one was Arthur Ashe at the 1972 US Open🎾

[High Finance @TheWeedCFO]

4: Top sellers are Multi-State brands

source: BDSA

[High Finance @TheWeedCFO]

A few slides on the NJ Cannabis market

1: Highest Flower Price in the country

[High Finance @TheWeedCFO]

3: Big recent bump in retail licenses

[High Finance @TheWeedCFO]

@maevro it can always be worse

[High Finance @TheWeedCFO]

if you're feeling bad about having invested in the US cannabis market

[High Finance @TheWeedCFO]

@808emanresu easier to audit as well

[High Finance @TheWeedCFO]

There are much simpler tax systems.

I worked for a while in a country where employers paid income taxes for their employees. This had several huge benefits:

1) Less Stress: employees did not need to understand, calculate, or file taxes

2) More Clarity: salaries were negotiated on a net basis, so employees knew exactly what they would receive each month (including health insurance)

3) Less Bitterness: employees didn't see a breakdown of how much tax they pay every two weeks (which leads to resentment)

As an employee, I liked that system. Maybe the employers didn't. Either way, our current system is fucked.

[High Finance @TheWeedCFO]

@ElGuapoTron4000 Did you check it out?

[High Finance @TheWeedCFO]

@jfberke *with sun

[High Finance @TheWeedCFO]

the breakdown:

[High Finance @TheWeedCFO]

BDSA predictions:

2024 Legal Cannabis Sales:

-Global: $40.7 billion (11.6%)
-US: $32 billion (+9.8%)
-Canada: $5 billion (+5.1%)
-International: $3.5 billion (+46%)

And by 2028:

-Global: $58 billion (9.7% CAGR)
-US: $46 billion (9.1% CAGR)
-Canada: $5.3 billion (3.4% CAGR)
-International: $7 billion (23.8% CAGR)

[High Finance @TheWeedCFO]

BDSA predictions:

2024 Legal Cannabis Sales:

-Global: $40.7 billion (11.6%)
-US: $32 billion (+9.8%)
-Canada: $5 billion (+5.1%)
-International: $3.5 billion (+46%)

And by 2028:

-Global: $58 billion (9.7% CAGR)
-US: $46 billion (9.1% CAGR)
-Canada: $5.3 billion (3.4% CAGR)
-International: $7 billion (23.8% CAGR)

[High Finance @TheWeedCFO]

@jfberke Based on my conversations, both Tobacco & Alcohol are looking over their shoulders for the Pharma monster

[High Finance @TheWeedCFO]

@jfberke like taking a nice tequila and then dumping rubbing alcohol in it to make it stronger

[High Finance @TheWeedCFO]

@jfberke next up: an unhealthy obsession with WWII

[High Finance @TheWeedCFO]

@hudsonryan Do you know the other half? Genuinely interested