MJResearchCo by Mike Regan

Independent financial analysis of the legal cannabis industry. Acquired by Excelsior Equities By @MikeReganInvest & @SavingPlants in 2021 Not investment advice.

[MJResearchCo by Mike Regan @mjresearchco]

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[Spence Byer @spencebyer]

Mike & Colin are 2 of the most thoughtful people I know in the MJ industry. Truly 99th percentile content.

[Mike Regan @MikeReganInvest]

Senator @SenatorHick touting lame duck #SAFE, AND legislating a task force for #marijuana legalization = important LT to ensure Federal normalization momentum continues

Had CO task force 10 yrs ago too reluctantly set up Adult Use but now embraces, admits fears proved unfounded

[Mike Regan @MikeReganInvest]

9 years = avg length of prior FDA reviews of #marijuana #rescheduling per @ZhangMona @natsfert !

2 years would indeed be “expeditious”!

Also notes Biden said “currently available research” so review may be faster without new studies

[Mike Regan @MikeReganInvest]

Need >1 #cannabis store / 15k people for 75%+ licensed market share per @leafly @Whitney_Econ

Outlawing #cannabis just shifts consumption to unlicensed market

If legal stores too far & tax too high, unlicensed satisfies demand

CO=6k/store
CA=38k
IL=115k
NJ=358k!

report ⬇️

[Mike Regan @MikeReganInvest]

My #280E report goes into the rev & margin math vs excise taxes, & has a spreadsheet to use your own assumptions. It’s not as simple as it seems

most competitive biz see price ⬇️ & expenses ⬆️ post tax cuts

excise = more transparent & no tax on losses

https://t.co/ijdfb2zOTy

[MJResearchCo by Mike Regan @mjresearchco]

Colin Ferrian @SavingPlants now chatting, be sure to tune in

[🌊Morgan Paxhia @MorganPaxhia]

Set a reminder for the #CCBwP upcoming Space! Tomorrow will be a discussion with me and @SavingPlants talking public and private #cannabis, some fun @PoseidonInvest history and more! https://t.co/3UyfyjvXns

[Mike Regan @MikeReganInvest]

Congrats to my former editor @JenelJSH joining @GreenMarketRpt ! Jenel is a fantastic editor and hire for @WallandBroad . Looking forward to great reporting from the new team! Be sure to follow them if you care about #cannabisinvesting

[Emily Paxhia @empax1]

This is a solid piece, supported by strong data points written by the Editorial Board of @USATODAY. It is encouraging to see work being done like this around #Cannabis. @PoseidonInvest @MorganPaxhia @patrickrea @SavingPlants @TylerGreif 🌊🌱

[Mike Regan @MikeReganInvest]

280E math and downloadable worksheet for your own financials and estimates are available here @mjresearchco

https://t.co/ijdfb2QRVy

[Mike Regan @MikeReganInvest]

✅Good to remove 280E which = ~12% of rev at 55% GM, so 5-12.5% of rev is tax REDUCTION for small-mid size biz, & 10% is reduction for large biz too. 25% big maybe keeps independent?

What are $ size definitions?

✅Remove cannabis from CSA

Some interstate decided by states?

[Mike Regan @MikeReganInvest]

I wonder if this law will apply to White House employees…

[Mike Regan @MikeReganInvest]

I’ll be chatting with @patrickrea and @SavingPlants today at 5:30pmET about #cannabislegalization - tune in!

[Mike Regan @MikeReganInvest]

2015 article on descheduling vs legislative routes for #cannabislegalization

FDA would decide based on studies, which catch-22 don’t exist bc illegal

@SavingPlants & I noted “regulatory waiting room” at FDA as risk to THC in our Nov 21 Bear Case w @patrickrea ‘s insight

[Mike Regan @MikeReganInvest]

Ascend $AAWH 's @AbnerKurtin just said $AAWH did $9m of sales "last week" on @MorganPaxhia @empax1 @PoseidonInvest 's Closing Bell Spaces re why he's personally buying stock

$9m/wk = $117m run rate/Q

Consensus Rev est:
2Q22 $91.5m
3Q22 $112.4m
4Q22 $129.6m

[Mike Regan @MikeReganInvest]

My TLDR $BGXX=NOT a consumer #cannabis biz but hopes to be supplier to pharma for research IF it raises $ & executes

@suesisleymd notes “minimal” end mkt & “not a lucrative biz model”

No read through to $MSOS $PSDN $CURLF $TCNNF $GTBIF $CRLBF $VRNOF $AYRWF $AAWH $JUSHF $GLASF

[CanPod @canpod1]

Understanding all the moving pieces in #cannabis with @MikeReganInvest + @SavingPlants

https://t.co/Atopwf6wxq

[🌊Morgan Paxhia @MorganPaxhia]

Tomorrow is going to be a great, dynamic discussion. @greengiantsfund will be joining as co-host with guests @mjresearchco and @SavingPlants. Set a reminder for the #CCBwp upcoming Space! https://t.co/bs8PtaYOEY

[Mike Regan @MikeReganInvest]

We also talked about $SSIC ‘s $170m loan to @WeAreShryne - impressive funding amidst a market correction to an already cash constrained industry

[Mike Regan @MikeReganInvest]

Thanks @RenaSherbill for having me & @SavingPlants on @SeekingAlpha 's @canpod1 ! Always fun to discuss the #cannabis industry with you, and thanks for producing a consistently great podcast.

[Mike Regan @MikeReganInvest]

$SAM launches #cannabis beverage TeaPot in Canada, follow-through on their 5/21 subsid & 8/21 $ETRGF partnership
While not a surprise (in $SAM 10K), it is another example of alcohol's view of cannabis growth & fear of cannibalization #EatYourOwnLunch https://t.co/zjjeq7rN11

[Mike Regan @MikeReganInvest]

Potential #cannabis legalization via Supreme Court to be filed by @AbnerKurtin $AAWH

Justice Thomas has already said of fed laws: “contradictory and unstable state of affairs strains basic principles of federalism”

How can a Union exist with 74% of the states breaking fed law?