The Talking Hedge

New Mexico legalizes recreational marijuana, joining a national movement to rethink antidrug laws that are increasingly seen as impediments to racial justice and the economy.

Under the New Mexico law, residents can have up to 2 ounces and 6 plants at home, or up to 12 per household. Sales would begin no later than April 2022 and be taxed at 12%, eventually rising to 18%, plus gross receipts taxes.

New Mexico has 34 licensed nonprofit vertically integrated MMJ operators, with 123 dispensaries in operation statewide, according to the most recent state data.

The state’s MMJ sales, meanwhile, are rising. Fueled by the pandemic and patient growth, sales are on pace to reach around $200 million this year, with MMJ sales totaling $130 million in 2019.

The industry will be regulated by the state and produce an estimated $20 million in revenue for the state in 2023, plus $10 million for local governments, according to a fiscal analysis cited by The Albuquerque Journal.

Show Notes: New Mexico lawmakers approve potential $350 million recreational marijuana market https://mjbizdaily.com/new-mexico-lawmakers-approve-recreational-marijuana-market/

Guest: Katrina Glogowski, Seattle Attorney & Angel Investor https://www.linkedin.com/in/katrina-glogowski-711a985/

Host: Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast. https://www.linkedin.com/in/joshkincaid/

Episode 691 of The Talking Hedge: Your Cannabis Business Podcast. ​Covering cannabis products, reviews, business news, interviews, investments, events, and more. https://www.theTalkingHedgepodcast.com

Music Info: Song: Beat | Keep On | 2020 Artist: Milochromatic Beats & Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018 Artist: LuxrayBeats

Keywords: Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data

Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers.

New York became the 17th state to regulate cannabis, paving the way for a potential $4.20 BILLION industry, creating jobs and becoming one of the largest markets in the country.

The deal would allow for delivery and lounges or “consumption sites,” as well as allow cultivate of up to six marijuana plants for home grow.

The deal was crafted with an attempt on making amends in communities impacted by the war on drugs. Millions of dollars in tax revenue is supposed to be reinvested in minority communities each year, and allegedly a sizable portion of business licenses would be reserved for minority business owners.

The marijuana proposal was initially being negotiated as part of the state's budget, with NY potentially capturing $1.2B in tax revenue by 2023.

Show Notes: Projections for New York adult-use cannabis sales https://www.headset.io/posts/projections-for-new-york-adult-use-cannabis-sales

Host: Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast. https://www.linkedin.com/in/joshkincaid/

Episode 688 of The Talking Hedge: Your Cannabis Business Podcast. ​Covering cannabis products, reviews, business news, interviews, investments, events, and more. https://www.theTalkingHedgepodcast.com

Music Info: Song: Beat | Keep On | 2020 Artist: Milochromatic Beats & Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018 Artist: LuxrayBeats

Keywords: Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data

Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers.

Since 2015 we've been hearing something along the lines of "beverages are about to take off." Yet over the last five years the beverage market share has maintained about 1% of total recreational cannabis sales, growing at roughly the same pace as the total market.

There have been different trends increasing in the US and Canada that indicate future growth. In Canada, for example, infused beverages rose quickly in the first half of 2020 and stabilized at 4.5%. In the US, however, basket penetration had a more gradual increase over time to 2.8% in February 2021.

This means beverages are making their way into more and more baskets as time goes on. Beverage sales trends also differ from state to state in the US. In Washington, for example, 100mg beverages dominate the market while in California, sales with 12mg or less make up more than a third of the beverage market.

Headset's report provides an understanding of where cannabis infused beverages have been, where the category stands today, and where it might be going.

Show Notes: Cannabis Beverages: Analyzing category & brand performance https://www.headset.io/industry-reports/cannabis-beverages-analyzing-category-brand-performance

Host: Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast. https://www.linkedin.com/in/joshkincaid/

Episode 687 of The Talking Hedge: Your Cannabis Business Podcast. ​Covering cannabis products, reviews, business news, interviews, investments, events, and more. https://www.theTalkingHedgepodcast.com

Music Info: Song: Beat | Keep On | 2020 Artist: Milochromatic Beats & Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018 Artist: LuxrayBeats

Keywords: Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data

Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers.

2021 has seen a record amount of capital raised by cannabis companies, with cash funding an acceleration of M&A activity. US companies have been the targets of 41 of the 56 closed transactions tracked in the first quarter of 2021.

The US is expected to continue to be the dominant target for M&A activity given its far greater growth potential and profitability, however, Europe could see increased focus given its potential market size.

Sectors like software and Infused products are experiencing their highest percentage of M&A activity in recent years.

M&A activity in the Cultivation & Retail sector has expanded significantly from 2020, but the sector accounted for only 32% of transactions in Q1:21, the smallest percentage of any quarter since Viridian began tracking the industry. This is expected to normalize over the course of the year as MSOs increasingly use M&A to build out cultivation and retail capacity in newly opened markets.

Biden's proposed corporate tax increases provided motivation to sell in a lower tax environment, thereby accelerating deals. An Ernst & Young's survey found 79% of respondents were likely to accelerate M&A strategies, alliances and joint ventures if tax rates increased.

Show Notes: M&A Accelerates Following Record Capital Raising  https://www.viridianca.com/chart2 Biden-Harris Impact on M&A https://www.themiddlemarket.com/news/biden-harris-impact-on-m-a-transactions-now-jvs-later-finds-ey-survey-of-executives

Host: Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast. https://www.linkedin.com/in/joshkincaid/

Episode 686 of The Talking Hedge: Your Cannabis Business Podcast. ​Covering cannabis products, reviews, business news, interviews, investments, events, and more. https://www.theTalkingHedgepodcast.com

Music Info: Song: Beat | Keep On | 2020  Artist: Milochromatic Beats & Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018 Artist: LuxrayBeats

Keywords: Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks,  Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data

Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers.

The fiercely anti-marijuana South Dakota Republican governor attempted to delay the state’s MMJ program, now is trying to add restrictions to the voter-approved law.

New Mexico's governor, however, is calling for a special legislative session to try and legalize cannabis.

So where in America is cannabis still entirely illegal?

Fewer than 7M Americans live in places without some degree of cannabis legalization. On the other hand, there are more than 120M with access to regulated adult-use cannabis.

While cannabis use has been federally illegal for over 50 years, 328M Americans have adopted at least one of form of legalization (36 states including DC, U.S. Virgin Islands, Puerto Rico, the Northern Mariana Islands and Guam). In total, nine out of 10 Americans live in a place where cannabis is legal to some degree.

Show Notes: The three degrees of marijuana legalization in the United States https://mjbizdaily.com/the-three-degrees-of-marijuana-legalization-in-the-united-states Where in America is marijuana still entirely illegal? https://mjbizdaily.com/where-in-america-is-marijuana-still-entirely-illegal NM gov calls for special session to focus on adult-use marijuana measure & South Dakota governor wants to restrain medical cannabis law https://mjbizdaily.com/daily-news/#south-dakota-governor-wants-to-restrain-medical-cannabis-law

Guest: Katrina Glogowski, Seattle Attorney & Angel Investor https://www.linkedin.com/in/katrina-glogowski-711a985/

Host: Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast. https://www.linkedin.com/in/joshkincaid/

Episode 684 of The Talking Hedge: Your Cannabis Business Podcast. ​Covering cannabis products, reviews, business news, interviews, investments, events, and more. https://www.theTalkingHedgepodcast.com

Music Info: Song: Beat | Keep On | 2020 Artist: Milochromatic Beats & Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018 Artist: LuxrayBeats

Keywords: Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data

Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers.

#consolidation #capitulation The smaller, less-covered MSOs have outperformed their larger counterparts by approximately 9%, however the gap has been as wide as 22%.

Smaller MSOs are more volatile, generally rising faster in up markets and declining faster when pricing weakens, which is consistent with the markets for these stocks being less liquid.

Investors focusing on lesser known but still solid names tend to have better risk adjusted returns. Viridian Capital expects to see smaller public companies continue to narrow the valuation gap further in 2021 as capital becomes more accessible to build out operations as the smaller companies are increasingly targeted for acquisitions by the larger MSOs.

Show Notes: Small Under-Covered Cannabis Operators Outperform Large MSOs YTD https://www.viridianca.com/chart3

Host: Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast. https://www.linkedin.com/in/joshkincaid/

Episode 684 of The Talking Hedge: Your Cannabis Business Podcast. ​Covering cannabis products, reviews, business news, interviews, investments, events, and more. https://www.theTalkingHedgepodcast.com

Music Info: Song: Beat | Keep On | 2020 Artist: Milochromatic Beats & Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018 Artist: LuxrayBeats

Keywords: Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data

Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers.

Green Health Colombia is a company from Colombia dedicated to sustainable agriculture and to promote research for the development of new products.

Their goal is to structure and develop a high-performance, low cost company for the extraction of cannabis oil and the manufacture of innovate cannabis-based products, taking advantage of Colombia’s regulation and our team knowledge in developing and managing heavily regulated projects that require interaction between the public and private sector, as well as the communities.

Green Health is betting on developing the MMJ cluster through a sustainable agricultural production, refine processes with quality and investment in R & D applied to clinical and scientific research for the elaboration of innovative products.

Guest: Katrina Glogowski, Seattle Attorney & Angel Investor https://www.linkedin.com/in/katrina-glogowski-711a985/

Show Notes: Custom Cannabis Pitch Deck Package Includes: 15 slide pitch deck Complete explanation of each slide Created by legal and financial Subject Matter Experts in the cannabis industry. Complete & customizable pitch deck Hours of content explaining how to customize pitch deck for your team 3 hours of Josh Kincaid’s time 3 hours of Tom Howard’s time Customized pitch deck for your Team in a few weeks. https://www.cannabisindustrylawyer.com/cannabis-pitch-deck/

Host: Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast. https://www.linkedin.com/in/joshkincaid/

Episode 683 of The Talking Hedge: Your Cannabis Business Podcast. ​Covering cannabis products, reviews, business news, interviews, investments, events, and more. https://www.theTalkingHedgepodcast.com

Music Info: Song: Beat | Keep On | 2020 Artist: Milochromatic Beats & Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018 Artist: LuxrayBeats

Keywords: Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data

Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers.

Dozens of White House staffers have been suspended, relocated, or asked to resign over past cannabis use. Staffers were initially told the administration would likely overlook past marijuana use, only to later be asked for their resignation after they revealed past marijuana use in an official document they filled out as part of the lengthy background check for a position in the Biden White House. The policy has even affected staffers whose cannabis use was exclusive to one of the legal cannabis states.

What about Kamala? In February, 2019, Kamala was trying to look cool on The Breakfast Club - where she was asked by host Charlamagne Tha God whether she ever smoked pot, to which the now-Vice President replied: "I have. And I inhaled – I did inhale. It was a long time ago. But, yes."

Show Notes: 5 White House Staffers Fired Over Marijuana Use https://www.forbes.com/sites/nicholasreimann/2021/03/19/5-white-house-staffers-fired-over-marijuana-use-psaki-confirms/?sh=5423829042db

Guest: Katrina Glogowski, Seattle Attorney & Angel Investor https://www.linkedin.com/in/katrina-glogowski-711a985/

Host: Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast. https://www.linkedin.com/in/joshkincaid/

Episode 682 of The Talking Hedge: Your Cannabis Business Podcast. ​Covering cannabis products, reviews, business news, interviews, investments, events, and more. https://www.theTalkingHedgepodcast.com

Music Info: Song: Beat | Keep On | 2020 Artist: Milochromatic Beats & Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018 Artist: LuxrayBeats

Keywords: Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data

Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers.

North American legal sales of cannabis are estimated to reach US$39.1 billion by 2025, with adult-use cannabis sales reflecting a growth rate of 144% between 2020 and 2025. The projected is primarily fueled by the introduction of US states legalizing adult-use cannabis sales, product innovation in the Cannabis 2.0 segment and the increase of North American cannabis consumption.

Prohibition Partners estimates that Canadian retail cannabis sales in 2020 reached US$1.8 billion, with adult-use sales estimated at US$1.5 billion and medical cannabis at US$260 million. They project that total cannabis sales will reach US$3.2b by 2025.

It is estimated that in 2020, 1.4 million people in Canada consumed legal adult-use cannabis products with the number projected to surpass illicit market users between 2022 and 2023. By 2025, they predict the number of adult-use cannabis users in Canada to reach 3.4 million.

Show Notes: North American Cannabis Market Overview https://prohibitionpartners.com/2021/02/08/key-insights-from-the-north-american-cannabis-report-second-edition/

Host: Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast. https://www.linkedin.com/in/joshkincaid/

Episode 681 of The Talking Hedge: Your Cannabis Business Podcast. ​Covering cannabis products, reviews, business news, interviews, investments, events, and more. https://www.theTalkingHedgepodcast.com

Music Info: Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats

Keywords: Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data

Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers.

Nic Easley is the CEO and founder of 3C, providing strategic and tactical consulting to cultivation, manufacturing, retail, delivery, distribution, and other ancillary commercial cannabis operations. Nic and 3C also own cannabis operations throughout the world including the US and Denmark.   Nic is also the CEO and Managing Partner for Multiverse Capital. Multiverse is a broad-based set of cannabis investment funds covering all sectors of the industry. Multiverse holds three different investment funds, each portfolio focused on a specific cannabis industry sector: medicinal, recreational (adult-use), and ancillary (real estate, ancillary products & services, and biotech).   Nic is known for his passionate commitment to importing demonstrated best practices from other industries. His track-record of building strong cannabis businesses and guiding others towards their own victories has established him as a trusted, proven resource for potential cannabis investors.   Episode 680 of The #TalkingHedge interviews Nic Easley, Founder & CEO at 3C Consulting and CEO & Managing Director at Multiverse Capital... https://youtu.be/uIaTCqdXqK8 #AlternativeInvestors #CannabisIndustry #AngelInvestors #FamilyOffices #HighNetWorthInvestors #WealthManagers #PrivateBankers #FinancialAdvisors #PrivateEquity #VentureCapital #AssetManagers #fundmanagement #fundraising #cannabisinvesting #limitedpartners #growthcapital #acquisitions #Cannabis #CBD #VC #Capital #InvestmentBanking #cannabisBusiness #Investing #AltFinance