The Talking Hedge

As the most densely populated state, New Jersey is positioned to become one of the highest revenue cannabis markets in the US. 

Based on the per capita spends of other cannabis markets, New Jersey’s total annual market range is expected to be between $1.3B and $2.9B.

In this report, we take a look at the first month of adult-use cannabis sales and compare changes in #MMJ sales trends.

Episode 963 The #TalkingHedge dives into Headset’s report on NJ…

https://youtu.be/qIrXIoWmoYM

The #GreenRush is a 2-hour weekly live cannabis business talk show produced by Pro Cannabis Media every Friday from 4PM EST to 6PM EST. 

The show discusses news issues in the cannabis market and each week conducts a deeper dive into specific topics of the industry.

Episode 962 The #TalkingHedge on The #GreenRush produced by Pro Cannabis Media w/ Christopher Smith of The American Cannabis Report interviews Gretchen Gailey of CWCB Expo & Susan Soares of The State of Cannabis in Americas….

https://youtu.be/FL0XNtz2Dps

Anna Symonds

Program Manager, The Etheridge Foundation

Board Member, Athletes for CARE

USA Rugby Women’s Premier League

Episode 961 The #TalkingHedge on The #GreenRush produced by Pro Cannabis Media w/ Rick Thompson of Michigan NORML interviews Anna Symonds…

https://youtu.be/5Vy1sF9SCPA

According to economists, Dr. Robin Goldstein and Professor Daniel Sumner, legal weed presents an economic conundrum—while nearly 40% of Americans can walk into a store today to purchase weed legally, why do many still buy it illegally?

Across North America, legal weed consumers face high prices and not enough retailers, while the predicted windfall of tax revenue has been muted. On the business side, investors are reeling, companies have shut down, and farms have failed. Many of the grandiose early promises of legalization have evaporated.

In their timely new book, CAN LEGAL WEED WIN?: The Blunt Realities of Cannabis Economics (UC Press; June 14, 2022), Goldstein and Sumner draw on a wealth of economic data and their experience working with industry and cannabis regulators to explain why many weed businesses and some aspects of legalization fail to measure up, while others occasionally get it right.

#Podcast Summary:

--What can NY learn from CA?

--Five pipe dreams about legal weed with a dose of economist reality ($7K/lb wholesale, $300/oz retail, $420M valuations, etc)

--Will national legalization or Banking help cannabis businesses more?  

--Where has cannabis regulation gone astray and how can it be done better?

--Legal weed in 2050: what can be expected?

Episode 960 The #TalkingHedge chats with Daniel Sumner & Robin Goldstein, authors of Can Legal Weed Win?...

https://youtu.be/ii5j9DgEorg

The GreenRush produced by Pro Cannabis Media along with Rick Thompson Executive Director, Michigan NORML, chats with Lofa Tatupu- Founder, ZoneIn CBD & Seattle Seahawks (ret. 2005-2012)

Episode 959 The #TalkingHedge...

https://youtu.be/XMnftzzmVNo

The San Francisco Pot Shop Crawl gave us a unique local cannabis perspective with a 3 hour guided tour across 7 pot shops.

We visited the local favorites for their variety of cannabis products including edibles, flower, prerolls, dabs, concentrates, topicals, tinctures, CBD & any other type of cannabis.

In Seattle I've visited 20 stores on 4/20 for 6 years in a row & I've noticed the 4/20 deals generally become the everyday low price at discount retailers approximately two years later. 

Since 2017 I've noticed other various trends and anomalies including butdenter and customer favorites (they still prefer flower and prerolls tend to be the most popular amongst customers/tourists).

San Francisco Cannabis Shops:

Golden Gate Cannabis Company

Magic Flower Cannabis Dispensary

Grass Roots Cannabis Dispensary & Delivery

Moe Greens Dispensary and Delivery

Vapor Room Cannabis Dispensary & Delivery SOMA

Stiiizy Union Square

Barbary Coast Dispensary

ALL ABOARD the funnest party 420-friendly bus touring SF #potshops!

Episode 959 The #TalkingHedge...

https://youtu.be/Tu5Lc-KOfVk

The Green Rush is a 2-hour weekly live cannabis business talk show produced by Pro Cannabis Media every Friday from 4PM EST to 6PM EST. The show discusses news issues in the cannabis market and each week conducts a deeper dive into specific topics of the industry.

Episode 958 The #TalkingHedge chats with Thomas Winstanley, VP Marketing, Theory Wellness &

Adelia Carrillo, CMO, EventHi & Co-Founder, Blunt Brunch...

https://youtu.be/aLAFFxgLqwU

M&A Investment Trends:  

Investments in cultivation and retail facilities accounted for 60% of 2021 deals (over $6 billion), but investors also bet big on technology companies, with 2021 seeing the largest tech deals to date.

Canadian and American companies are deploying capital in global emerging markets to capture the near $500 billion opportunity.

Cannabis stock prices and valuation multiples have been trending downwards.

MERGERS & ACQUISITIONS

Transactional Activity: Four M&A transactions closed this week with a total transaction amount of $164.85N compared to ten transactions for $439.68M in the prior year.  

Total YTD M&A volume is up 7.6%% from 2021, with $3.22BM in consideration and 62 deals closed.  

U.S. Transactions have been weaker, with total consideration down 3.2%, with 41% fewer transactions.

Episode 956 The #TalkingHedge...

https://youtu.be/IXetqkf1nqY

West Coast Cannabis Home Grow Update

The Green Rush is a 2-hour weekly cannabis business talk show produced by Pro Cannabis Media that streams live every Friday at 4PM EST on the Pro Cannabis Media Network - ROKU (PCM TV), Apple (PCM TV), YouTube, Facebook, Linked In, and Twitch.

Today's show is hosted by Josh Kincaid of The Talking Hedge and Christopher Smith of the American Cannabis Report with special guest Robert Laurie, a Vancouver BC-based attorney with Ad Lucem Law.

The #TalkingHedge...

https://youtu.be/76d2LdrKvy0

The #GreenRush is a 2-hour weekly live cannabis business talk show produced by Pro Cannabis Media every Friday at 4PM EST.  

The show discusses news issues in the cannabis market and each week conducts a deeper dive into specific topics of the industry.

The #TalkingHedge & Christopher Smith w/ The American Cannabis Report interview Brian Yauger & Penny Cook of Lemonhaze.com as well as Omari Jackson of Ganjactivist.com...

https://youtu.be/9FFcJb69Z1s