Cannabis Pot – Remedii http://remedii.net/ Sun, 03 Jul 2022 09:21:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://remedii.net/wp-content/uploads/2021/06/icon-2-150x150.png Cannabis Pot – Remedii http://remedii.net/ 32 32 3 monster growth stocks that can turn $200,000 into $1 million by 2030 https://remedii.net/3-monster-growth-stocks-that-can-turn-200000-into-1-million-by-2030/ Sun, 03 Jul 2022 09:21:00 +0000 https://remedii.net/3-monster-growth-stocks-that-can-turn-200000-into-1-million-by-2030/ Jhis year was one of the toughest for Wall Street and investors in the past half-century. In terms of peak-to-trough decline, the benchmark S&P500 and growth oriented Nasdaq Compound fell 24% and 34%, respectively. This puts both indices in a bear market. While bear markets can undoubtedly instill fear and test investors’ resolve, they are […]]]>

Jhis year was one of the toughest for Wall Street and investors in the past half-century. In terms of peak-to-trough decline, the benchmark S&P500 and growth oriented Nasdaq Compound fell 24% and 34%, respectively. This puts both indices in a bear market.

While bear markets can undoubtedly instill fear and test investors’ resolve, they are also a proven opportunity to buy game-changing companies at a discount. As a reminder, every stock market correction and bear market in history has eventually been erased by a bull rally.

Image source: Getty Images.

The current bear market is a particularly good time to recover supercharged growth stocks that have been beaten down by short-term fear. The following three monster growth stocks all have the potential to turn an initial investment of $200,000 into $1 million by 2030.

Nio

The first fast-paced company with the potential to quintuple investor money over the next eight years is the China-based electric vehicle (EV) maker Nio (NYSE: NIO).

Over the next two quarters, there is no doubt that auto stocks will face a veritable mountain of headwinds. Automakers are facing shortages of semiconductor chips, provincial COVID-19 shutdowns in China that have led to parts shortages and historically high inflation, which is eating away at their operating margins. Yet Nio has demonstrated that it has the capability and innovation to become one of the leading producers of electric vehicles in China, the world’s largest automotive market.

Once supply chain issues are a thing of the past, Nio should have no trouble ramping up production. In two years, the company has grown from less than 4,000 electric vehicles in a quarter to more than 25,000. In fact, production in November and December 2021 hinted at an annual rate close to 130,000 electric vehicles. Without supply constraints, I believe Nio can reach an annual rate of over 500,000 electric vehicles in 12 months or less.

Even more essential to Nio’s success is its continuous innovation. For example, it recently introduced two sedans, the ET7 and ET5, which will directly compete You’re hereNio’s flagship sedans, the Model S and Model 3. With the industry-leading battery upgrade, Nio’s sedans offer longer range than Tesla’s sedans.

Nio’s Battery-as-a-Service (BaaS) subscription is another way to drive long-term growth. The BaaS program lowers the initial purchase price of a Nio EV and allows buyers to charge, swap and upgrade their batteries. In return, Nio collects a high-margin monthly fee and, most importantly, retains first-time buyers to the brand.

Trupanion

Another monster growth stock with the ability to turn a $200,000 investment into $1 million by the end of the decade is the pet insurance company. Trupanion (NASDAQ: TRUP).

The big knock against Trupanion is that he chose subscriber expansion over short-term profits. Reinvesting in its platform is not cheap and has resulted in bigger losses over the past two years. But patience can pay off big time when investing in the pet industry, especially when you have as many competitive advantages as Trupanion.

Perhaps the most important thing to understand about pets is that owners will open their wallets in any economic environment for their four-legged, feathered, and scaly family members. Data from the American Pet Products Association shows that it has been more than a quarter century since US spending on pets has declined year over year.

On a more company-specific basis, Trupanion’s opportunity lies in its huge pool of potential “members”. To date, the company has only penetrated approximately 2% of the US and Canadian pet market. This compares to an insured rate of 25% for pets in the UK. If Trupanion was able to increase registrations to 25% of pets in the United States, it would have an addressable market worth over $38 billion. In other words, the pet insurance industry is still in its infancy.

Trupanion is also the only major pet insurance company that provides veterinary clinics with software to manage payment at the time of service. This is one of the many reasons why Trupanion’s rapport with veterinary clinics is unmatched.

Cannabis jars on a dispensary counter.

Image source: Getty Images.

Cresco Laboratories

A third monster growth stock that can turn a $200,000 investment into $1 million by 2030 is Multistate Cannabis Operator (MSO) Cresco Laboratories (OTC: CRLBF). Cresco ended March with 50 dispensaries operating in 10 states.

Since February 2021, few industries have been more universally hated by Wall Street than cannabis. It was expected that a Democratic-led Congress, along with the election of Democrat Joe Biden as President, would quickly lead to the passage of cannabis reforms at the US federal level. But in the absence of marijuana legalization or banking reforms becoming law, pot stocks fell into a 16-month downtrend.

While the weed industry has been buzzing for over a year, it also offers an intriguing opportunity for patient investors to take advantage of the rapid growth in legalized states. After all, three-quarters of all states have green-lighted marijuana in some way. It’s music to the ears of the greatest MSOs, like Cresco.

Cresco’s most significant growth opportunity stems from its retail presence. Cresco has targeted a number of limited license states, such as Illinois, Ohio, and Massachusetts. Regulators deliberately limiting the number of dispensary licenses issued give Cresco’s retail stores a fair chance to build brand awareness and customer loyalty.

Cresco Labs is also in the midst of a transformative deal that will see it acquire MSO Care British Columbia (OTC: CCHWF) in an all-stock deal. Assuming the deal goes through, Cresco Labs would have more than 130 outlets in 18 markets. Columbia Care has regularly used acquisitions as a way to grow. By buying Columbia Care, Cresco would turn the tables and gain immediate exposure in a number of high dollar markets.

Finally, Cresco Labs is the largest wholesale cannabis supplier in the United States. Wall Street often rejects wholesale marijuana because of its less favorable margins compared to retail sales. However, Cresco holds a cannabis distribution license in California, the country’s largest cannabis market. This allows him to place his exclusive products in more than 575 dispensaries in the Golden State. This volume advantage more than offsets the lower margins associated with wholesale cannabis.

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Great interest in the sale of legal cannabis in Manteca https://remedii.net/great-interest-in-the-sale-of-legal-cannabis-in-manteca/ Fri, 01 Jul 2022 08:20:52 +0000 https://remedii.net/great-interest-in-the-sale-of-legal-cannabis-in-manteca/ As many as 60 businesses or individuals have expressed interest in obtaining one of three licenses that will be available for legal marijuana sales within the city limits of Manteca. Acting City Manager Toni Lundgren said Thursday the city is still reviewing a draft community benefits contract. The document specifies how much the city will […]]]>

As many as 60 businesses or individuals have expressed interest in obtaining one of three licenses that will be available for legal marijuana sales within the city limits of Manteca.

Acting City Manager Toni Lundgren said Thursday the city is still reviewing a draft community benefits contract.

The document specifies how much the city will receive in annual profits from the retail sale of marijuana. This would be in addition to the city’s share of one cent of the basic sales tax plus the Measure M public safety tax of one-half cent.

The city expects the process of finalizing the outline of a community benefit contract, selecting candidates and finalizing the issuance of permits to last until late this year or early 2023. .

City Council approved legal marijuana sales in December 2021.

Lundgren stressed Thursday that staff are taking the time to be thorough to ensure the city and community are protected.

Critics argue that the legal marijuana market is oversaturated and the expected fallout for Manteca’s general fund won’t be as robust.

Even if it does, it will end what economists call the “retail bleed,” much like the decision 16 years ago to secure Costco with a sales tax split that has since expired.

Records kept on purchases by Costco showed the city lost about $700,000 a year in local sales taxes based on Manteca residents shopping at Costco stores in Modesto and Tracy.

With marijuana storefronts, the city does not waive any portion of the sales tax. In place. the city receives additional money beyond what it would normally be entitled to receive.

This means that legal sellers of Modesto cannabis will be affected in about six months.

Modesto Marijuana Suppliers have recorded sales to more than 7,000 people ages 21 and older in ZIP Codes 95336 and 95337 which cover the city of Manteca and surrounding rural areas.

It is highly likely that most of these sales will be trapped by Manteca pot shops which could also benefit from customers in nearby towns such as Ripon and Escalon which do not have legal sales.

Other possible losers are those who believe that easier access to marijuana will further encourage the use of cannabis products that have been legal for adults 21 and older to use recreationally for several years. in California and therefore potentially creating more – or exacerbating – problems related to pot abuse and overconsumption. Many of these concerns span the same range as for alcohol, from impaired driving to addictive behavior

The big winners will be the companies that successfully obtain one of the three retail permits the city will issue, as well as the city of Manteca itself.

Based on similar community benefit agreements in other jurisdictions, the city could get up to 5% of marijuana retail profits that could be used to ensure public safety, prevention of addiction and drug awareness, homelessness, mental health and drug issues, code enforcement, and assume any related community impact.

Other winners include law-abiding residents of Manteca, those who no longer have to travel to Modesto or other jurisdictions where these sales are legal. Those with no way to get to Modesto also needn’t rely on what they say is spotty delivery service from out-of-town dispensaries that leaves them with little choice for examine the products before buying them.

It is also expected that some of those who buy weed on the black market will switch to legal marijuana which is tested extensively for the amount of THC and to ensure that there is no hazardous chemicals absorbed into products during cultivation and processing.

At the same time, city officials are under no illusions that the black market will be hit hard because of the price difference. Regulated and taxed marijuana costs what some users describe as “significantly more” than the black market.

Concerns have been raised over the past year by the legal marijuana industry that it is “on the verge of collapse” financially and is unlikely to dampen the enthusiasm of businesses to open in Manteca.

That’s because the marijuana trade group thinks more cities that allow legal sales will help stave off the black market that’s arguably more extensive than legal storefront operations.

In addition, the solutions advocated by the trade group have an impact on the cultivation tax imposed on producers as well as on the excise tax, which are both imposed by the State.

The passed Manteca ordinance also requires licensing to pay a fee to make the city whole in terms of the cost of vetting applicants as well as their ongoing monitoring of marijuana operations by law enforcement and financial monitoring. This is in addition to sales tax and community benefits proceeds.

To contact Dennis Wyatt, email dwyatt@mantecabulletin.com

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Puerto Rico Police Discover the Island’s Largest Greenhouse https://remedii.net/puerto-rico-police-discover-the-islands-largest-greenhouse/ Wed, 29 Jun 2022 01:24:14 +0000 https://remedii.net/puerto-rico-police-discover-the-islands-largest-greenhouse/ SAN JUAN, Puerto Rico (AP) — Puerto Rico police said they raided the island’s largest hydroponic marijuana greenhouse on Tuesday, with nearly 2,000 plants being grown in a former drug treatment center . Police Commissioner Antonio López Figueroa said officers discovered the greenhouse in the northern town of Carolina, just east of the capital San […]]]>



SAN JUAN, Puerto Rico (AP) — Puerto Rico police said they raided the island’s largest hydroponic marijuana greenhouse on Tuesday, with nearly 2,000 plants being grown in a former drug treatment center .

Police Commissioner Antonio López Figueroa said officers discovered the greenhouse in the northern town of Carolina, just east of the capital San Juan, after receiving a complaint about possible human trafficking. He said no one was found inside the three-story building.

Officials said the plants were nearly six feet (two meters) tall and extra marijuana had been packaged and was ready for distribution. They said they also found weapons at the site.

López said the investigation is ongoing and police are looking to find those responsible for what he called industrial pot production.

The US territory legalized medical marijuana in 2015 via executive order, but it has not decriminalized the substance despite recent debate over the issue following proposals to allow personal possession of 14 grams to 28 grams.

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Man who grew cannabis for his dying mother avoids jail as judge says ‘the heart was in the right place’ https://remedii.net/man-who-grew-cannabis-for-his-dying-mother-avoids-jail-as-judge-says-the-heart-was-in-the-right-place/ Sun, 26 Jun 2022 15:08:16 +0000 https://remedii.net/man-who-grew-cannabis-for-his-dying-mother-avoids-jail-as-judge-says-the-heart-was-in-the-right-place/ An apprentice electrician who started growing his own cannabis to make oil for his terminally ill mother and then started selling to friends has been given a suspended court sentence. Referee Martina Baxter said Cianán Mimna’s “heart was in the right place” when he started growing cannabis in his bedroom at home to produce cannabis […]]]>

An apprentice electrician who started growing his own cannabis to make oil for his terminally ill mother and then started selling to friends has been given a suspended court sentence.

Referee Martina Baxter said Cianán Mimna’s “heart was in the right place” when he started growing cannabis in his bedroom at home to produce cannabis oil for his mother Paula, who was in terminal stage of a brain tumour, but he also used cannabis himself and started dealing with friends.

Gardai raided the house in Prioryland, Duleek, Co Meath, on February 18, 2020 and found cannabis worth €10,062 during a raid.

Mimna (29) took full responsibility for cannabis and fully cooperated with gardai.

Gardai also found cannabis oil on her mother’s bedside table and she told officers she had asked her son to get some from her as she was using it for therapeutic pain relief.

Trim Circuit Court learned this week that his mother sadly passed away in May 2020 just months after the raid.

The court heard that Mimna had regular urine tests to show he was drug free and had taken significant steps to rehabilitate since the raid.

Justice Baxter said drugs were a scourge on society even though people didn’t think cannabis did any harm.

“It’s an illegal substance and it has a glaring effect on society. Although some people say it may not have a huge negative effect on them, it’s illegal, it’s a controlled drug .

“He is an educated young man with the support of his family. No doubt his heart was in the right place as it was [sourcing] this for his mother.”

Judge Baxter added: “His mother was terminally ill at the time. There were paraphernalia of drug dealing and he was growing them in his bedroom.

“He is a young man who clearly knew what it was. He told Gardai that he was growing it to produce oil [for his mother] and he used it.

“He first started the operation of producing cannabis oil for the therapeutic relief of his mother.

However, Judge Baxter added: “There was clear evidence that he was selling cannabis.”

She said he did indeed run a business from his bedroom.

She added that although telephone evidence showed he was selling cannabis, Mimna cooperated fully with Gardai in admitting he was doing so.

“He told Gardai while using cannabis himself that he was [also] coming to sell it.

“It was therapeutic for his mother, but he also profited from its use and abuse and selling it to friends.

“Unfortunately his mother has since passed away and has not seen him rehabilitated.”

Justice Baxter said it was very sad and tragic that Mimna’s mother died and she said the court had already heard of her father, who is now a widower with two sons.

Several reports were given to the court by professionals, including counselors and probation services who had treated Mimna since her arrest, all of which were very supportive.

He also had the support of his family and girlfriend, who were in court supporting him. The court heard he was an apprentice electrician with one year left in his apprenticeship and that his boss had also appeared in court at a previous session to vouch for him.

His defense lawyer said he was very apologetic for what he had done and “now recognizes that the road he took was wrong”.

He had no previous convictions.

Judge Baxter said she accepted his remorse was genuine and also considered his early guilty plea, his full cooperation with Gardai and other matters.

She sentenced him to two and a half years in prison but suspended for a period of three years.

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Mass. Atty Charged In Pot Shop ‘Pay-To-Play’ Scheme https://remedii.net/mass-atty-charged-in-pot-shop-pay-to-play-scheme/ Fri, 24 Jun 2022 20:37:00 +0000 https://remedii.net/mass-atty-charged-in-pot-shop-pay-to-play-scheme/ By Brian Dowling (June 24, 2022, 4:37 p.m. EDT) – A Massachusetts lawyer launched an illegal “pay-to-play scheme” to bribe a local police chief for his vote to approve a proposed marijuana store in the city, federal prosecutors said Friday. Attorney Sean O’Donovan reportedly approached a relative of the police chief in Medford, Massachusetts, with […]]]>
By Brian Dowling (June 24, 2022, 4:37 p.m. EDT) – A Massachusetts lawyer launched an illegal “pay-to-play scheme” to bribe a local police chief for his vote to approve a proposed marijuana store in the city, federal prosecutors said Friday.

Attorney Sean O’Donovan reportedly approached a relative of the police chief in Medford, Massachusetts, with a plan to pay $25,000 in cash or a bogus loan in exchange for the chief’s vote on a city panel that ranked cannabis stores on offer.

The lawyer, who the government says acted without his client’s approval, also reportedly sought the chief’s help in persuading the mayor of Medford to sign a critical host community agreement with…

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How did ScottsMiracle-Gro become a cannabis powerhouse? https://remedii.net/how-did-scottsmiracle-gro-become-a-cannabis-powerhouse/ Wed, 22 Jun 2022 17:26:36 +0000 https://remedii.net/how-did-scottsmiracle-gro-become-a-cannabis-powerhouse/ Cannabis legalization continues to advance in the United States and beyond, creating economic opportunities for businesses in many industries. Much of the investment in the cannabis economy has gone into new companies that do most of the growing, processing and selling of marijuana, some of which have grown into large operations spanning many states. […]]]>

Cannabis legalization continues to advance in the United States and beyond, creating economic opportunities for businesses in many industries. Much of the investment in the cannabis economy has gone into new companies that do most of the growing, processing and selling of marijuana, some of which have grown into large operations spanning many states. . But increasingly, more mature companies are getting into cannabis, often through ancillary businesses that serve the needs of plant-contact operations. One of the first to adopt this business strategy is ScottsMiracle-Gro, a 154-year-old company that is a staple of American garden centers.

Targeting the pot market

PHOTO Courtesy of ScottsMiracle-Gro

ScottsMiracle-Gro is probably best known for the fertilizer and weedkiller combo found in the lawn spreaders of millions of suburban dads and the plant food in the watering cans owned by a similar number of grandmothers across the country. But over the past decade, the company has taken a deep dive into cannabis, with its subsidiary Hawthorne Gardening Company picking leaders in marijuana grow lights, nutrients, hydroponic supplies and more. And recently, Scotts pushed for the legalization of marijuana at the federal level. It’s a prospect that Chris Hagedorn, executive vice president of ScottsMiracle-Gro and president of the Hawthorne division, says is inevitable.

“It’s our belief, and it’s not a big reveal at all: Federal legalization is obviously going to happen; the question is when and how,” Hagedorn told CNN in a recent interview. “When that happens, what will be the most valuable assets in a post-legalization world? I think anyone who thinks about it for a while says consumer-facing brands [that make and sell cannabis products] will be the most valuable.

In 2011, ScottsMiracle-Gro CEO Jim Hagedorn, Chris Hagedorn’s father, told The Wall Street Journal that he saw opportunities for the company in the emerging legal cannabis sector.

“I want to target the pot market,” he said. “There’s no good reason why we didn’t do it.”

As a publicly traded company, ScottsMiracle-Gro has been unable to dive deep into legal cannabis with operations to grow, process, or sell marijuana due to the plant’s federal illegality. Instead, the company shopped for companies serving the booming market. In 2013, the company launched its new venture with a $4.5 million investment in Colorado-based indoor gardening products company AeroGrow.

“We see a long-term opportunity in using AeroGrow’s technology to grow the indoor gardening category, as well as expanding the ‘pod’ technology outdoors,” said Jim Gimeson, then senior vice president and general manager of gardens at ScottsMiracle-Gro. in a report. “Furthermore, we see an opportunity for these products to perform well in international markets where houseplants are very popular with consumers.”

Since then, ScottsMiracle-Gro’s leap into the cannabis industry has continued with notable ancillary companies including indoor gardening and nutrient supply company General Hydroponics, grow light manufacturer Gavita and the maker of Botanicare nutrients all part of the Hawthorne family of brands. Scotts’ focus on companies that offer products that appeal to commercial growers and home growers has positioned it well to survive the pandemic, at a time when garden centers and home improvement retailers have seen strong sales. .

“If people are stuck at home, what are they going to do? They smoke a joint and go gardening,” Chris Hagedorn said. “And that’s pretty much what happened, so the consumer business [of Scotts] saw a huge boost; U.S. too.

In for the long haul

Last year, Hawthorne Division sales were $1.4 billion, or 30% of Scotts’ total sales. In 2019, Hawthorne was responsible for a fifth of ScottsMiracle-Gro’s sales, reaching a 25% share of the company’s revenue in 2020. But supply chain issues and other economic factors led to a slump at Hawthorne, sales fell 44% to $202.6 million in the second quarter of this year.

“The current downturn is really the result of a perfect storm hitting producers hard,” Chris Hagedorn said. “There is oversupply in key markets such as California and Oklahoma, and inflation is driving up the cost of raw materials and services. We expect the industry to rebound as these markets keys are operating with oversupply and new markets coming online in the North East over the next 12-18 months.

The drop in sales led ScottsMiracle-Gro to cut its full-year revenue and adjusted profit guidance. The company said it expects U.S. consumer sales to decline between 4% and 6%, with Hawthorne sales expected to fall 40% to 45% for the year ending September 30.

“The revised advice we provide is our best estimate of the current situation in a fluid and rapidly changing market,” Jim Hagedorn said last week. “As we strive to deliver the best results for fiscal 2022, we are focused on the future.”

ScottsMiracle-Gro is also testing the waters for a possible dive into the herbal side of the cannabis industry. In March, RIV Capital Inc, a cannabis investment firm backed in part by Scotts subsidiary The Hawthorne Collective, reached an agreement to acquire New York-based licensed cannabis cultivator and retailer Etain.

Andrew Carter, an investment analyst who tracks ScottsMiracle-Gro for Stifel, said he thinks the company is well positioned for the long term.

“Absent some sort of change in the business, I would say they’re going to be a big player in cannabis, one way or another,” Carter said.

Chris Hagedorn says Hawthorne will continue to expand into the cannabis industry.

“I hope we will be among the leaders,” he said. “Otherwise I will be disappointed in myself.”

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The Mainers love their freewheeling medical marijuana market. The state does not know what to do with it. https://remedii.net/the-mainers-love-their-freewheeling-medical-marijuana-market-the-state-does-not-know-what-to-do-with-it/ Sat, 18 Jun 2022 18:34:11 +0000 https://remedii.net/the-mainers-love-their-freewheeling-medical-marijuana-market-the-state-does-not-know-what-to-do-with-it/ Maine marijuana officials and law enforcement officials have repeatedly lobbied for tougher rules on the freewheeling industry, saying its lack of testing, tracking and labeling makes patients vulnerable to contaminated cannabis and allows producers to easily divert inventory through the back door. However, the state’s thousands of tiny local medical operators and their legislative allies […]]]>

Maine marijuana officials and law enforcement officials have repeatedly lobbied for tougher rules on the freewheeling industry, saying its lack of testing, tracking and labeling makes patients vulnerable to contaminated cannabis and allows producers to easily divert inventory through the back door.

However, the state’s thousands of tiny local medical operators and their legislative allies have so far blocked all attempts to act on these concerns, recently passing legislation requiring Maine’s Office of Cannabis Policy to execute any regulatory changes by the State House. .

Now, frustrated agency regulators are going back to the drawing board for the third time in two years, announcing this week that they will launch a statewide “listening tour” to gather feedback before to embark on a new attempt to write new rules on medical marijuana.

“When we tell regulators in other states that we have tests for [recreational] but not medical, you get a weird look,” said Maine Potty Czar Erik Gundersen. “It’s a gray and strange space to be in. But we understand the fear and apprehension of change, and we also want a thriving medical program that allows operators to continue doing what they do.”

At stake in the fight is one of the most unusual legal marijuana markets in the country, which is dominated not by investor-backed dispensaries, but by so-called caregivers: small grow operations and informal manufacturing companies that were originally intended to supply medical cannabis to only a handful of patients nearby.

While caregivers in Massachusetts and most other states aren’t allowed to make a profit and typically work with a few critically ill patients they know personally, many of Maine’s more than 2,800 caregivers have evolved over the course of several statutory changes to pseudo-dispensaries that stand alongside a much smaller number of more traditionally regulated retailers selling both medical and recreational marijuana.

State law allows caregivers to accept out-of-state medical marijuana cards, and the storefronts they were allowed to open starting in 2018 have quickly become popular with patients. of New England for their popular atmosphere, their very low prices and their wide variety of artisanal products. . As a result, business boomed, with marijuana overtaking potatoes and blueberries as Maine’s most valuable crop.

Caregivers and their supporters fiercely defend the sector, saying it embodies Maine’s locavore, artisanal ethos and is a counterpoint to the unnecessary overregulation of cannabis in most other states.

Recent laws forcing regulators to back down were “a complete repudiation of the desire to regulate this industry as if we were a group of dangerous and evil drug traffickers who can be swept under the rug,” Alysia said. Melnick, attorney for the Maine Craft Cannabis Association. “The state can’t take our tax money and all the jobs we create and then sell us to big corporations out of state – we weren’t going to accept that.”

Larger business operators in Maine’s newer, more regulated recreational sector are less impressed. They applauded efforts to bring caregivers to heel, arguing that the disparity in regulations endangers the public and unfairly eats away at their businesses, including their outlets in neighboring states such as Massachusetts.

This leaves the regulators stuck in the middle. Gundersen told the Globe in an interview that he hoped a compromise could still emerge, although he insists that lab testing and product tracking are the backbone of any well-run marijuana market.

A December study commissioned by the Maine Office of Cannabis Policy suggests that despite the turmoil, the state has eroded more of its illicit cannabis market than most, with 64% of all cannabis consumed coming from a legal source.

For Gundersen, this proves that it is possible for marijuana companies to succeed while complying with mandatory testing and tracking. He noted that most recreation operators in Maine today are locals who got their start as caregivers, defying fears that tougher rules and a federal court ruling overturning a residency requirement would leave largest out-of-state companies dominate the space.

Caregivers drew the opposite conclusion, saying the report shows an affordable, convenient and lightly regulated industry with low upfront costs for entrepreneurs is the shortest path to eradicating unlicensed sales.

“Competitive legal operations are the most effective way to combat illegal drug sales and secure the cannabis trade in our communities,” said Matt Hawes, founder of cannabis company Novel Beverage Co. and Chief Maine Cannabis Industry Association. “Policymakers must support those who have chosen the legal but harder path in our battle for market share. . . We are on the same team.

Similarly, many caregivers argue that market forces will eventually resolve the testing debate as more patients ask caregivers to provide lab results.

“Consumers must demand whatever changes they want through purchasing power,” said Calvin Akers, co-founder of the Wisely Hash Factory at Sanford, a medical concentrate supplier that voluntarily tests its products. . “I’m not opposed to regulation at all, but the way [the state] wants to implement this would create an unsustainable financial burden.

Akers said a one-size-fits-all approach is a mistake in Maine, with its mix of urban and extremely rural areas. Some communities, for example, do not have immediate access to the Internet, which means that the requirement to install security cameras that broadcast images directly to government inspectors could require the installation of new utility lines. expensive. Making these operations more remote at prohibitive cost would only drive patients and caregivers underground, he argued, while breaking the personal and community touch the market is known for.

“If we had the regulatory structure and the cost of Massachusetts, 90% of these popular homemade marijuana brands wouldn’t exist,” he said. “Maine is a place where you don’t need a lot of money to pursue a dream – you can create generational wealth through hard work. I don’t want to see people shut out of this opportunity.

Again, Akers and others conceded that the uncertainty created by repeated attempts to start and stop stricter regulation is itself beginning to take its toll. For example, a number of caregivers who started buying plant identification tags and inventory monitoring software in anticipation of a new product tracking requirement found themselves short of thousands of dollars when the State suspended regulation, then switched to another provider.

This is causing some operators to ponder acceptable trade-offs as the state presses the reset button on its rule-making process again.

“To be honest, there should probably be some level of regulation that extends beyond what is currently enforced in the medical curriculum, but is well below what is currently enforced in the [recreational] market,” Hawes said. “We want a uniform but right-sized approach that serves as a model.”


Dan Adams can be contacted at daniel.adams@globe.com. Follow him on Twitter @Dan_Adams86.

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State charges two attorneys in medical marijuana ghost owner case https://remedii.net/state-charges-two-attorneys-in-medical-marijuana-ghost-owner-case/ Thu, 16 Jun 2022 22:48:00 +0000 https://remedii.net/state-charges-two-attorneys-in-medical-marijuana-ghost-owner-case/ Two Oklahoma attorneys have been charged after they allegedly helped set up hundreds of “ghost owners” of medical marijuana operations. shop in the state to export pot grown in Oklahoma. |SEE ALSO| Oklahoma lawyers accused of facilitating illegal medical marijuana operations And, the AG said, the two lawyers were helping to make it easy to […]]]>

Two Oklahoma attorneys have been charged after they allegedly helped set up hundreds of “ghost owners” of medical marijuana operations. shop in the state to export pot grown in Oklahoma. |SEE ALSO| Oklahoma lawyers accused of facilitating illegal medical marijuana operations And, the AG said, the two lawyers were helping to make it easy to do. “These charges filed today should send a loud and clear message to anyone involved in a criminal operation in Oklahoma that we will find you and prosecute you,” O’Connor said. Attorneys Logan Jones and Eric Brown of the Jones Brown Law Firm have been charged with facilitating more than 400 illegal marijuana operations in Garvin County. Investigators say the lawyers provided false information to the Oklahoma Medical Marijuana Authority and the Oklahoma Bureau of Narcotics, paving the way for illegal crops. | MORE | The medical marijuana industry has a huge impact on rural Oklahoma and Brown Jones reportedly provided company employees as ‘ghost owners’ in exchange for operators signing an agreement $3,000 consulting fee. “First of all, understand, people are getting these licenses — on the face of it, they look legit,” OBN director Donnie Anderson said. The two lawyers face charges of conspiracy to cultivate a controlled and dangerous substance; supply of false or falsified instruments. ruments for registration; culture of a controlled and dangerous substance; and a model criminal offence. Anderson said the case is one of hundreds the agency is investigating. “People are getting a license fraudulently because they are claiming someone owns 75%, which is not the case. They are paying individuals to get a license in their name, so that’s the first part of fraud, it used to be called shadow structuring, so that’s one of the early parts, but if you get into one of them grows on face value and the OMA got criticism at On this subject, it’s not the OMA’s fault because when you go in and inspect these things, everything is in order, it looks legit,” Anderson said. | WATCH | Tornado hits marijuana farm near MaudThe Oklahoma Cannabis Industry Association said compliance is hard to maintain because it changes frequently, but that’s no reason for bad actors to take advantage. must be restricted from operating in our industry,” the association’s Blake Cantrell said. The law firm Jones Brown chose not to comment on this story.

Two Oklahoma lawyers have been charged after allegedly helping set up hundreds of “ghost owners” of medical marijuana operations.

Oklahoma Attorney General John O’Connor said his office and the Oklahoma Bureau of Narcotics crack down on out-of-state growers who move into the state to export pot grown in Oklahoma.

|SEE ALSO| Oklahoma lawyers charged with facilitating illegal medical marijuana operations

And, the AG said, the two lawyers were helping to make it easy to do.

“These charges filed today should send a loud and clear message to anyone involved in a criminal operation in Oklahoma that we will find you and prosecute you,” O’Connor said.

Attorneys Logan Jones and Eric Brown of the Jones Brown Law Firm have been charged with facilitating more than 400 illegal marijuana operations in Garvin County.

Investigators say the lawyers provided false information to the Oklahoma Medical Marijuana Authority and the Oklahoma Bureau of Narcotics, paving the way for illegal crops.

|AFTER| Medical Marijuana Industry Creates Booming Impact on Rural Oklahoma

Jones and Brown allegedly provided employees of their company as “ghost owners” in exchange for operators aggregating to sign a $3,000 consulting agreement.

“First of all, understand, people get these licenses — on the face of it, they look legit,” OBN director Donnie Anderson said.

The two lawyers face charges of conspiracy to cultivate a controlled and dangerous substance; offer false or falsified instruments for recording; culture of a controlled and dangerous substance; and a model criminal offence.

Anderson said the case is one of hundreds the agency is investigating.

“People are getting a license fraudulently because they are claiming someone owns 75%, which is not the case. They are paying individuals to get a license in their name, so that’s the first part of fraud, it used to be called shadow structuring, so that’s one of the early parts, but if you get into one of them grows on face value and the OMA got criticism at On this subject, it’s not the OMA’s fault because when you go in and inspect these things, everything is in order, it seems legit,” says Anderson.

|LOOK| Tornado hits marijuana farm near Maud

The Oklahoma Cannabis Industry Association said compliance is difficult to maintain because it changes frequently, but that doesn’t justify bad actors taking advantage of it.

“Our position on anyone knowingly violating any laws or regulations in our industry must be prevented from operating in our industry,” said the association’s Blake Cantrell.

Jones Brown Law has chosen not to comment on this story.

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Thailand Sells Chicken Rice Made From Cannabis-Fed Chickens – Mothership.SG https://remedii.net/thailand-sells-chicken-rice-made-from-cannabis-fed-chickens-mothership-sg/ Tue, 14 Jun 2022 03:54:04 +0000 https://remedii.net/thailand-sells-chicken-rice-made-from-cannabis-fed-chickens-mothership-sg/ Follow us on Telegram for the latest updates: https://t.me/mothershipsg Chickens in part of Thailand have been weaned off antibiotics – giving them cannabis as a replacement to stay strong and healthy. The chickens are then used to make chicken rice, which has proven popular, The nation reported. North of Thailand A farming community in Lampang, […]]]>

Follow us on Telegram for the latest updates: https://t.me/mothershipsg

Chickens in part of Thailand have been weaned off antibiotics – giving them cannabis as a replacement to stay strong and healthy.

The chickens are then used to make chicken rice, which has proven popular, The nation reported.

North of Thailand

A farming community in Lampang, northern Thailand, conducted an experiment in cooperation with Chiang Mai University’s Faculty of Agriculture to feed their chickens cannabis, which is believed to help improve the quality of meat and eggs.

Sirin Chaemthet, president of community enterprise Peth Lanna, said on June 11 that farmers switched to marijuana after chickens still suffered from avian bronchitis despite antibiotic injections, according to The nation.

Better immunity

The chickens are said to have developed higher immunity to disease in response to cannabis use and could withstand harsh weather.

The community business has decided to cut out antibiotics and only feed its chickens cannabis, she said.

National Farmers Council Chairman Prapat Panyachatrak said feeding chickens with cannabis also helps increase the commercial value of chicken products, The nation also reported.

He also warned that antibiotics in chicken meat and eggs harm consumers’ health, such as lowered immunity and allergies.

Turned into chicken rice

The company was selling chicken meat at 100 baht (S$4) per kg and eggs at 6 baht (S$0.24) each through its website.

According to Sirin, the response to chicken rice made from cannabis-fed chickens has been good.

The company plans to sell rotisserie chicken in the future.

Top photo via Unsplash

If you like what you read, follow us on Facebook, Instagram, Twitter and Telegram to get the latest updates.

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3 best jar stocks to buy right now https://remedii.net/3-best-jar-stocks-to-buy-right-now/ Sat, 11 Jun 2022 10:42:00 +0000 https://remedii.net/3-best-jar-stocks-to-buy-right-now/ MMost cannabis companies have seen their stocks fall so far this year as falling profits, a slowing pace of legalization and expectations have spooked investors. The AdvisorShares Pure Cannabis ETF is down more than 49% this year, while ETFMG Alternative Harvest ETF fell more than 39%. NewLake Capital Partners (OTC: NLCP), Cannacord Genuity Group (OTC: […]]]>

MMost cannabis companies have seen their stocks fall so far this year as falling profits, a slowing pace of legalization and expectations have spooked investors. The AdvisorShares Pure Cannabis ETF is down more than 49% this year, while ETFMG Alternative Harvest ETF fell more than 39%.

NewLake Capital Partners (OTC: NLCP), Cannacord Genuity Group (OTC: CCORF) and Trulieve Cannabis (OTC: TCNNF) have not been immune to investor concerns, and their stocks have also fallen, although all three are financially strong enough to last until the cannabis investment cycle swings back in their favor.

NewLake is small but growing fast

NewLake Capital Partners is the newcomer to the cannabis real estate investment trust (REIT) bloc. It just had its IPO last August, and its $455 million market cap is dwarfed by the $3.82 billion market cap of Innovative industrial properties, its main competitor. Both REITs specialize in sale-leasebacks to cannabis companies, where they provide capital to cannabis operators by buying cultivation and retail properties and then leasing them to cannabis companies with triple leases that place most of the maintenance costs on tenants.

In the first quarter, NewLake reported revenue of $10.2 million, up 13% sequentially. Net income was $5 million, compared to $4.3 million in the prior quarter. More importantly, the company continues to grow funds from operations (FFO) and said in the first quarter it had $7.7 million in FFO, up 16.2% sequentially. Adjusted FFO (AFFO) was $8.1 million, up 15.7% from the fourth quarter of 2021.

NewLake said it expects annual revenue of between $42 million and $44 million, up from $28.2 million reported in 2021. The company has 29 properties that are 100% leased and whose average lease term is 14.3 years.

NewLake’s stock is down more than 28% so far this year, but its fundamentals are strong enough that it makes sense to buy the stock while it’s discounted, especially because the company has just increased its dividend by 29% to $0.33 per share quarterly. , offering a yield of approximately 6.44%. The dividend looks safe as the company has a target of 80% to 90% of the AFFO payout ratio, considered safe for a REIT.

Cannacord Genuity is Crucial for Cannabis Businesses

Cannacord Genuity is a global investment bank that provides wealth management, brokerage and investment services to individuals, institutions and businesses. It is not a pure cannabis stock, but it frequently represents mergers and acquisitions (M&A) in cannabis.

Cannacord has had five consecutive years of increased revenue and three consecutive years of increased net profit. However, it fell in the first quarter, with $491 million in revenue, down 29.1% year over year, and $0.52 in earnings per share, down 56.7% compared to the same period last year. The drop has caused the stock to drop more than 28% this year.

It may seem counter-intuitive, but I think now is the right time to buy stocks for several reasons. It has a price-to-earnings ratio of around 4.95, well below what it should be given the stability of the business.

Mergers and acquisitions in the cannabis industry are also not expected to slow down. More profitable and better-funded companies are consolidating their licenses by buying up struggling cannabis companies. According to a study by Cannabiz Media, of the 137 cannabis M&A deals it found over the past two years, Cannacord was in the lead with 22 deals and was in the lead in representing sellers and buyers.

Even though cannabis company mergers have slowed, that’s only a small part of Cannacord’s business. It is one of the most profitable wealth management companies in Canada, with an operating margin (over 12 months) of 20.39% and a low leverage ratio of 0.095.

Cannacord also offers something most cannabis companies don’t: a quarterly dividend. It has increased its dividend by 22% this year to $0.085 per share, representing a yield of 3.2%, with a very safe cash payout ratio of 12.88%.

Trulieve will be a cannabis survivor

Trulieve, based primarily in Florida but with dispensaries in 11 states in Q1, leads all other cannabis retailers in revenue. The company reported first-quarter revenue of $318.3 million, more than $5 million higher than curafeuillethe second largest company in the revenue ranking.

Despite its size, Trulieve continues to show steady growth. Its quarterly revenue increased 64% year over year and 4% sequentially. It also improved gross margin to 56%, from 43.4% in the fourth quarter of 2021.

The only concern about Trulieve is that as it has grown through acquisitions and the opening of new retail dispensaries at 165 stores, it has gone from a profitable business to a business. who loses money. In the first quarter, it posted a net loss of $32 million, up 55% from the previous quarter, but down from the $30 million in net profit it reported in the first quarter of 2021. Much of that can be attributed to the $17.2 million in charges associated with its purchase of Harvest Health & Recreation last year.

This decline in net income is a major reason the stock has fallen more than 46% so far this year. This does, however, provide a better entry point for investors, as Trulieve is as prepared as any cannabis company to remain a major player in the industry. Last month, company insiders bought 31,650 shares of Trulieve, taking advantage of the bargain price, for now.

Looking at its adjusted EBITDA of $105.5 million, an improvement from $100.9 million in the fourth quarter, the company appears to be making progress in returning to profitability.

Trulieve also reiterated its guidance for 2022 with expected revenue between $1.3 billion and $1.4 billion and adjusted EBITDA between $450 million and $500 million. This compares to revenues of $938.4 million and adjusted EBITDA of $384.6 million last year.

Don’t wait too long

These three cannabis companies are too healthy to watch their stocks wallow for long. Trulieve, once it absorbs its acquisition of Harvest, will likely see its margins increase, bringing it back to profitability. NewLake Capital Partners is just beginning its trail, so I see a lot of opportunities there. Cannacord has enough geographic and revenue diversity to rebound quickly. These last two stocks also offer a dividend to reward long-term investors.

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Jim Halley holds positions in innovative industrial properties. The Motley Fool holds positions and recommends Innovative Industrial Properties and Trulieve Cannabis Corp. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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