The Talking Hedge

Once a month the Chronic Club meets up to review a cannabis product sold somewhere in Washington State at a legal adult-use pot shop. Last month we rated GLW Durban Limes flower a 49% out of 100%. Join Josh Kincaid of The Talking Hedge, Steve Cominski of Baked & Awake, and Miggy420 of Cannabis Legalization News as we do a blind taste-test with a dozen vape carts from the Sun Grower's Cup. Guest: S...

Once a month the Chronic Club meets up to review a cannabis product sold somewhere in Washington State at a legal adult-use pot shop. Last month we rated ORGROW's Puna Orange Moon Rocks a 46% out of 100%. Join us~ Josh Kincaid of The Talking Hedge, Steve Cominski of Baked & Awake, and Miggy420 of Cannabis Legalization News as we judge Fleek Leaf's Gelato 33 (20.63% THC) recommended by budtender Is...

During the pandemic, migrants who lost their jobs moved to a remote city on the Navajo Nation Indian reservation in New Mexico, to do what they thought was legal agricultural work. Instead, they and the local Native community found themselves pitted against one another in a bizarre cautionary tale about the boom in cannabis production in the US, and the impact on Asian migrant laborers. It was par...

Two legal stories, equally ridiculous: (1) A former mayor Massachusetts was convicted of corruption after prosecutors alleged he engaged in a bribery scheme in which he solicited payments from cannabis companies in exchange for licenses. (2) It was ruled in Mississippi that the MMJ initiative was invalid because it didn’t meet the state’s initiative process requiring that 20% of the signatures com...

Viridian Capital Advisors Chart of the Week has the top five cannabis market cap U.S. stocks (Curaleaf, Cresco, GTI, TerrAscend & Verano) versus their Canadian counterparts (Aurora, Canopy, Cronos, Sundial & Tilray) where each stock’s price equaled 100% on February 19th, the approximate top of the market. Since February 19th, the prices of the top U.S. stocks have fallen 18.7% while their Canadian...

Legal sales across the U.S. hit a record of $17.5 billion, a 46% increase from 2019. Cannabis sales last month totaled $1.6B across our 13-region report (CA, CO, NV, WA, OR, IL, MA, MI, PA, British Columbia, Alberta, Ontario, & Saskatchewan). Colorado, which grew sales by 26% to reach $2.2 billion, and Oregon, which saw sales hit $1.1 billion, a 29% increase over 2019. Last months sales for CO & O...

As one of Las Vegas' top dispensaries, Planet 13 strives to provide the best quality recreational cannabis, extracts, and infused products available at competitive prices and with compassion that can only come from those who are knowledgeable in the field. Planet 13 reported revenue in Q4 of $20.1 million. Although 22% higher year over year, it came in below analyst's estimate of $23.1MM. In the p...

Which entry point provide the best return on investment in the cannabis industry? Is it retail, with customers stretching around the block in new markets? What about cultivation or edibles manufacturing, with products that become “must-haves” for marijuana connoisseurs? Maybe distribution, or even an ancillary company that provides packaging, security or some other type of service? We chat about a...

Arizona started the recreational cannabis legalization process with the 2020 election. With a total population of approximately 7.3M, it is the largest state in the Southwest. The AZ cannabis per capita spend estimate is $76.18. One interesting group of potential consumers are tourists. The reverse effect of AZ residents not having to travel to neighboring CA, NV, and CO for recreational cannabis...

As the 5th most populated state in the US, we would expect an adult-use market to grow rapidly in Pennsylvania. With potential adult-use legalization on the horizon, we took a look at their medical cannabis market to see what we could learn about this unique state. In the last 12 months, Pennsylvania medical cannabis sales totaled $910M. Year over year January growth in the Pennsylvania medical ca...

Multinational tobacco company Philip Morris International reportedly is analyzing the marijuana industry for its market possibilities in pharmaceutical and consumer plays with a focus on smoke-free products. Philip Morris hasn’t ventured specifically into the cannabis space, unlike British American Tobacco and Altria Group which have both taken stakes in marijuana companies. Philip Morris invested...

New Jersey is likely to be the largest recreational cannabis market on the East Coast. With a total population of approximately 8.8M, it is the most densely populated of all US states. It is also closely bordered by the NYC metro area to the northeast and the Philadelphia metro area to the west. Until New York and Pennsylvania legalize recreational cannabis, some cross-border shopping is assumed i...

New York's cannabis cultivation projections consider the use of varying cultivation environments including indoor under lights, greenhouse, and outdoor in soil and applied average yield figures to projected overall demand. Viridian utilized $300 per sq ft in their analysis which does not include the cost of real estate. This is higher than the levels we found in other markets and reflects their be...

Mexico’s proposal to legalize cannabis has hit a snag in the Senate, where a revised version of the bill is under consideration. The economic potential is enormous, we are talking about generating more than $22 billion dollars in less than four years because there is an opening to all areas, from the medicinal part, the recreational part, and even the industry. 2028 opens a national cannabis marke...

Gary Santo, President of TILT Holdings, has experience leading lean, high-performance teams including Specialty-Pharma. Gary has held a variety of senior-level positions, most recently Columbia Care, a leading multi-state operator in the cannabis industry. TILT is a combination of leading cannabis companies that deliver products and services to businesses operating in the cannabis industry. Throug...

Show Notes: Viridian Cannabis Deal Tracker https://www.viridianca.com/deal-tracker/cannabis-deal-tracker-week-16-2020 Host: Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast. https://www.linkedin.com/in/joshkincaid/ Episode 705 of The Talking Hedge: Your Cannabis Business Podcast. ​Covering cannabis products, reviews, business news, interviews, investments, events, and...

Cannabis Xpress' founder Chris Jones' strategy for Canadian Cannabis stores involve small, convenient locations, initially targeting smaller local markets with less competition from existing stores. At least 545 cannabis stores are currently licensed for business in Ontario, although Jones estimates that perhaps 60% of those stores are actually open. The province is now licensing as many as 120 ne...

#TaterTots Ontario, Oregon- birthplace of the tater tot & a weekend destination for residents of Boise Idaho who make about 1,600 "unique trips" to Ontario every day, for tax-free shopping at the big-box stores but mostly for cannabis, which is completely prohibited in Idaho. Ontario is just one of dozens of border communities around the country that have been transformed into marijuana boom towns...

A Washington state-based cannabis and hemp equipment manufacturer is suing the U.S. Customs and Border Protection for blocking its shipments. The company claimed Customs agents seized equipment (again) needed to build a cannabis trimming machine. They sued (again) in district court. Show Notes: Federal judge boots marijuana trimming firm’s case against US Border Patrol https://mjbizdaily.com/feder...

4/20 has been the single biggest day of sales each and every year since the recreational cannabis market began. For example, sales on 4/20 last year were nearly double that of the average sales on the previous four Mondays. Purchasing cannabis is clearly one of the most integral parts of the 4/20 celebration to many cannabis consumers in recreational markets. The holiday this year will be the seco...

Once a month the Chronic Club meets up to review a cannabis product sold somewhere in Washington State at a legal adult-use pot shop. Join Josh Kincaid of The Talking Hedge, Michael Schroeder of The Aging Ent, and Miggy420 of Cannabis Legalization News as we judge ORGROW's Puna Orange Moon Rocks (36.5% THC, 11.42% CBD) recommended by budtender Wesley of Natures Recreational Center in Tacoma, WA. F...

Senate Majority Leader Chuck Schumer’s home state of New York legalized cannabis use for adults, after years of failed efforts. More than 40% of Americans now live in states that have embraced full legalization. President Joe Biden has been a conspicuous outlier among Democrats when it comes to supporting marijuana legalization. But Schumer said Biden’s reticence won’t deter the Senate from taking...

The U.S. House of Representatives approved a bill to protect banks that service state-legal marijuana businesses from being penalized by federal regulators. The vote marks the fourth time the House has approved the Secure and Fair Enforcement (SAFE) Banking Act. Lawmakers passed it as a standalone bill in 2019 and then twice more as part of coronavirus relief legislation. But this time around, adv...

Dave was the star host of A&E’s hit TV show “Flipping Boston” which was rated the #1 reality TV series for" keeping it real" and the highest rating ever for the A&E network at the time of airing. Dave Seymour is an investor with over a decade of experience in real estate and capital management. He launched his career, from being a firefighter and paramedic to rapidly becoming one of the Nation’s t...

Our 7 tips to a successful investment pitch deck looks at Greenlight, who comes to the MMJ market with nearly a decade of cannabis experience spanning several states where medical cannabis sales are already legal. Their executive team comes from Acres Cannabis. Greenlight recognizes that new markets will have difficulties when it comes to sourcing quality product for their patients. This means in...