The Talking Hedge

Brooke Butler is the VP of Partnerships at Simplifya, the leading regulatory and operational compliance software platform serving the cannabis industry. 

Simplifya is the cannabis industry’s leading regulatory and operational compliance software platform.

Episode 1087 The #TalkingHedge chats with Brooke Butler, VP of Partnerships, Simplifya about cannabis regulatory and operational software...

https://youtu.be/Oa5S3AuO2WI

Pre-Rolls are now the second largest category in Canada and the third largest in the US during 2022.

These prerolls aren't usually made by hand anymore, but not all #joint rolling machines are created equal!

Some twist the tops, others fold them. Some preroll machines offer different sizes, a tamper, or build in check-weigh system. Others have an accuracy of .01g and can work continuously as long as it's supplied with enough ground cannabis. One of the preroll machines at #MJbizCon 2022 sucks!

There are many choices when it comes to purchasing cannabis pre-rolls, but how are #prerolls sold?

The top #preroll product has been "Hybrid - Single Strain" every year since Headset began tracking sales data. 

Pre-Rolls make up 12.6% of all cannabis sales, growing over 2% from the same period last year. Infused #prerolls rose from 12.7% of all pre-roll sales in 2018 to 41% of all pre-roll sales in 2022.

Another trend is that consumers are buying multi-pack products rather than single pre-rolls. Sales of multipack pre-rolls grew by 69.4% from February 2020 to February 2021, while single pre-roll sales only grew by 18.1% over the same time period, according to the survey.

In Canada for example, the most popular package sizes of Multi-Packs are the 3-packs (36%) and 10-packs (27%). 

In the US however, consumers are purchasing 5-packs (37%) and 2-packs (14%) the most, with 10-packs of Pre-Rolls making up 13% of the market.

Through the first six months of 2022, consumers in the US and Canada have spent over $752M and $402M CAD, respectively, on Pre-Rolls. Canadian consumers are especially enthusiastic about this category, as Pre-Rolls made up nearly a quarter of all cannabis sales from January through June 2022, second only to Flower (42.6%).

In order to satiate this demand, manufacturers of prerolls, joints, & blunts will need to invest in automation, likely one of the machines featured in this episode.

Episode 1084 of The #TalkingHedge at #MJbizCon looking at automated joint rolling machines...

https://youtu.be/CiUVZ2W9lY8

PodConx's network of industry-specific podcasts connects to more listeners everyday than any single podcast.

Podcasts are a great way to share your message with the world and the Podconx team of industry veterans has helped more businesses help spread the word via a network of over 50 cannabis podcasts.

Episode 1085 The #TalkingHedge chats with Dan Humiston, founder PodConx...

https://youtu.be/h7HspK6Vsfk

At Regennabis, they believe that there is a need to create a disruptive and innovative community driven by exponential actions – in alignment with the UN Sustainable Development Goals (SDGs) - to deliver both increased brand value and at the same time, provide solutions to many of the world’s biggest challenges and build a better future for ALL in the Cannabis Industry - to lead, learn, connect and innovate breakthrough solutions around humanity’s greatest challenges and deliver “Impact Alpha” for ALL stakeholders.

Episode 1083 The #TalkingHedge chats with Geoff Trotter, Regennabis...

https://youtu.be/_epEOggVsKg

PreRoll-Er specializes in the manufacturing of validated solutions for your pre-rolls or any other cannabis products.

Episode 1082 The #TalkingHedge chats with Patrick Grenier, PreRoll-Er...

https://youtu.be/a0_TIXIXcPc

Operational Security Solutions (OSS) offers its “Full-Spectrum” risk management solutions founded upon proven security protocols, practices and standards designed to anticipate and mitigate the widest scope of potential threats which could result in loss of any kind.

Episode 1081 The #TalkingHedge chats with Scott Solomon, CEO, Operational Security Solutions...

https://youtu.be/n2yx8t-p1bA

A New ‘Indigenous Cannabis Association’ Aims To Unite America’s Tribes Around Cannabis

So what happened?

Many of the 574 federally recognized American Indian tribes are re-recognizing the plant’s medicinal healing powers.

21 of the state’s 27 tribes have a cannabis compact with the governor. Some tribes are only cultivating, some have fully integrated dispensaries. Some tribes just have farmers, some, retail storefronts.

Personally, I’m hoping they make some blunts!

Significance

Tribes are sovereign nations, meaning that their surrounding states’ cannabis policies don’t apply. So, even in remote rural areas, tribal-owned smoke shops can do quite well, selling to tribal members and outsiders alike and having to comply only with compacts made with the U.S. Department of Agriculture and state authorities.

Impact

Then there is the social good such revenues can do: In Washington State, the Puyallup Tribe are putting revenues into clinical cannabis medical research, partnering with academic institutions, as well as building housing for the tribe’s homeless and addressing their local opioid crisis.

Episode 1078 The #TalkingHedge...

https://youtu.be/94gVvxG5S8s

Weedmaps (NASDAQ: MAPS) is a leading cannabis technology platform providing integrated solutions for cannabis consumers and businesses.

Episode 1079 The #TalkingHedge chats with Greg Stolowitz, Corporate Development, Investor Relations and Treasury, Weedmaps...

https://youtu.be/2Dh7v41ThoI

The #TalkingHedge chats with Tim Coffey, Director of Communications at OMI Industries (Natural Odor Control)...

https://youtu.be/aca_2ZD75x4

Washington Establishes Social Equity Support Programs

So what happened?

The state’s new Social Equity in Cannabis Task Force and the Social Equity in Cannabis Technical Assistance Program were created to reduce barriers to entry to the cannabis industry for individuals and communities most impacted by the war on drugs.  

Significance

The Task Force will allow approximately 40 additional cannabis retail licenses to be issued for social equity purposes, according to a release. Those licenses will replace the approximately 40 licenses that were canceled, forfeited, revoked or never issued in specific jurisdictions across Washington.  

Separately, the Washington Department of Commerce partnered with the state’s Liquor and Cannabis Board (LCB) and Make Green Go!, a cannabis business development consulting company, to create the Social Equity in Cannabis Technical Assistance Program.

Impact

The program includes one-on-one mentoring for social equity applicants seeking retail licenses, as well as an online learning module to help educate operators on a range of business development topics such as accounting, finance, market research, strategies and more.

Episode 1076 The #TalkingHedge...

https://youtu.be/Qc_k74YvA1Y