A week in weed review, covering cannabis business news & events.
In this podcast episode, MITA's guest host, Tom Howard, explores the challenges and mistakes observed in Washington State's cannabis industry during its first decade of legal adult use.
The panel includes experts from Washington State:
Josh Kincaid, host of The Talking Hedge
https://www.linkedin.com/in/joshkincaid/
Caitlin Ryan, Executive Director for the Cannabis Alliance
https://thecannabisalliance.us/caitlein-ryan/
Neil Janaja, Managing Partner at Gleam Law
https://www.gleamlaw.com/cannabis-attorneys/neil-k-juneja/
The conversation delves into various issues, such as the slow development of the cannabis market since its legalization in 1998 for medical use, with dispensaries only emerging in 2011. The panel highlights specific challenges, like the imposition of a class C felony for homegrown cannabis and restrictions on operating cannabis lounges, hindering the industry's growth.
The host and guests touch on the unique structure of Washington's cannabis industry, including the absence of vertical integration and the requirement for a six-month residency to be on a license. They also discuss the need for changes in regulations, particularly in terms of allowing out-of-state ownership and promoting equity in the industry.
The panelists express concerns about the slow pace of reform and the challenges faced by businesses in adapting to evolving regulations. They emphasize the importance of learning from Washington State's experiences to shape better policies in other regions.
The episode also covers ongoing legislative efforts, such as bills related to homegrown cannabis and the challenges faced in pushing for these changes. The discussion sheds light on the complexities of the cannabis industry, touching on legal, regulatory, and social aspects.
The podcast provides insights into the evolution of Washington State's cannabis market, highlighting both successes and setbacks. The panelists encourage listeners to stay informed about the industry's developments and learn from the experiences shared by Washington's cannabis experts.
Episode 1,190 The #TalkingHedge...
Your Favorite Business Podcast.
Covering news, interviews, events, finance, data, 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:
News, Business, Pitch Deck, Investment Deck, Investing, Stocks, RoboAdvisor, Day Trading, Money, stock market, crypto, futures, options, equities,
This is only entertainment. This is NOT financial advice.
2024 Cannabis Crystal Ball Predictions, including:
*lounges & lockers
*Strain stability (availability)
*S3 is BIG Pharma's trojan horse
*5 year sideways movement
*Increase in SKUs nationwide
*More automation
Summary:
00:00 - Intro
01:03 - 2019 prediction recap
01:34 - Crystal Ball explanation
02:36 - MJ Biz Con recap
03:35 - thoughts from an activist to owner
07:59 - Doom & Gloom, or Naive?
09:45 - Distrobution is key
11:11 - Cannabis Culture
13:03 - Product innovation
16:00 - 2022 - 2023 overview
16:17 - Branding
18:31 - Josh's prediction
19:04 - cannabis investors
28:58 -2024 cannabis predictions
30:14 - hemp bill
31:02 - MISC Category
31:21 - Cannabis Lounges
33:36 - Small Biz over MSOs
38:42 - Safe Banking Act
40:06 - Schedule 3
44:58 - Miggy's Predictions
52:13 - Investors' Predictions
54:02 - Miggy's final thoughts
57:50 - Outro
Guest:
Miggy420, Co-host of Cannabis Legalization News
https://www.youtube.com/cannabislegalizationnews
Host:
Josh Kincaid, Capital Markets Analyst & host of your favorite business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 1189 The #TalkingHedge...
Your Favorite Business Podcast.
Covering news, interviews, events, finance, data, 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:
News, Business, Pitch Deck, Investment Deck, Investing, Stocks, RoboAdvisor, Day Trading, Money, stock market, crypto, futures, options, equities,
This is only entertainment. This is NOT financial advice.
Join us as we unravel the numbers, decode the trends, and navigate the thriving landscape of cannabis commerce.
Summary:
00:00 - Intro
00:35 - Total Sales (2023)
06:19 - Total Sales (2020-2023)
09:35 - Year Over Year Growth (2023)
12:38 - Year Over Year Growth (2020-2023)
16:07 - Average Basket (2023)
18:59 - Average Basket (2020-2023)
23:29 - Number of Products (2023)
25:57 - Number of Products (2020-2023)
29:52 - Same Store Sales (2023)
30:33 - Same Store Sales (2020-2023)
31:06 - Outro
Guest:
Jesse Redmond, Managing Director at Water Tower Research
https://www.linkedin.com/in/jesseredmond/
Host:
Josh Kincaid, Capital Markets Analyst & host of your favorite business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 1,188 The #TalkingHedge...
Your Favorite Business Podcast.
Covering news, interviews, events, finance, data, 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:
News, Business, Pitch Deck, Investment Deck, Investing, Stocks, RoboAdvisor, Day Trading, Money, stock market, crypto, futures, options, equities,
This is only entertainment. This is NOT financial advice.
Manual rolling? please. Cannabis preroll automation reigns supreme at MJ Biz Con!
Machines weave through production lines, spitting out flawless prerolls with robotic precision. These high-speed marvels churn out pre-rolls like clockwork, meeting demand without compromising quality.
Touchscreens control weight, size, and consistency, ensuring every pre roll sings in unison.
Smaller units with easy-clean designs and durable materials keep them humming, while multi-lane beasts handle production in droves.
But it's not just about speed. These ROI-boosters slash labor costs and automate packaging, streamlining your workflow from bud to shelf.
Summary:
0:00 - Intro
0:13 - PreRoll Market Overview
3:27 - Intro: Josh's 4 rolling machine sectors
4:58 - Futurola Knockbox
5:46 - COMMERCIAL USE
5:54 - RollPro's Blackbird
6:59 - Paxiom's JuanaRoll
7:51 - Holy Roller
8:23 - Koerber's Nano-H
10:57 - Procepack's PreRoll-Er
12:01 - PreRoll-Er Humingbird centrifuge
12:50 - Accelerant
13:56 - CME's AutoCone
16:38 - SEMI-AUTOMATION
17:08 - Alter-Pack
17:47 - Hefestus
19:13 - Cannamation's PreRoll Maxx
20:08 - SMALL BIZ - SERVICE
21:14 - Koerber's Tube Filling Machine
22:00 - Sorting Robotics Jiko & Stardust
23:12 - STM's Rocketbox & Mini
24:17 - JuanaOne
25:51 - Apehex
27:14 - RETAIL CONSUMER
27:30 - KingKone
28:22 - Banana Bros Otto
29:14 - PreRoll automation recap & final thoughts
31:27 - Outtro
Playlist: Automated PreRoll Machines
https://www.youtube.com/playlist?list=PLlhqNE1AwWeeGgypoN3yHSg4Qfyev_bSO
*Automated PreRoll Machines at MJ Biz Con 2022 https://youtu.be/CiUVZ2W9lY8
*Best Pre Roll Machines- COMPLETE LIST! https://youtu.be/3dXaKT9VDaE
*Complete Pre-Roll Machine Catalog, incl. 60 Joints per Minute!?! https://youtu.be/Qbmuc_2aQqE
*10 Fully-Automated Hemp & Cannabis Rolling Machines https://youtu.be/pbXiUqVyrE4
Host:
Josh Kincaid, Capital Markets Analyst & host of your favorite business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 1,187 The #TalkingHedge...
Your Favorite Business Podcast.
Covering news, interviews, events, finance, data, 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
Washington is a Petri dish experiment that should be studied by anyone in the cannabis industry. Find out how Washington State could shape the future of the Cannabis Industry.
Guest: Katrina Glogowski, Seattle Attorney & Angel Investor https://www.linkedin.com/in/katrinaglogowski
The OTTO is an automatic milling machine that fills prerolls. The idea for the OTTO was born out of the struggle with the traditional process of grinding and rolling joints, prompting an automated portable solution.
Summary:
00:00 - Intro
01:57 - least innovative award
02:52 - Hand rolling joints
04:02 - The OTTO
05:19 - Convenience factor
06:37 - PreRolls & Joints
07:57 - Different sized prerolls
08:47 - perfecting the grind
11:31 - cleaning the milling plates
12:40 - future commercial-use
14:43 - paper quality is key
16:04 - filtered glass tip (crutch)
18:35 - preroll's popularity
19:20 - Outtro
Guest:
Karl Russ, COO Banana Bros / OTTO
https://www.linkedin.com/in/karl-russ-16817351/
Host:
Josh Kincaid, Capital Markets Analyst & host of your favorite business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 1,184 The #TalkingHedge...
Your Favorite Business Podcast.
Covering news, interviews, events, finance, data, 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:
News, Business, Pitch Deck, Investment Deck, Investing, Stocks, RoboAdvisor, Day Trading, Money, stock market, crypto, futures, options, equities,
This is only entertainment. This is NOT financial advice.
Missouri has had a strong start in the last eight months since the beginning of adult use in February. It has quickly become the sixth-largest market among Headset's tracked markets in the US, alongside Massachusetts and Colorado. As an emerging cannabis market, Missouri faces both opportunities and challenges, and we have the data to shed light on the state's progress. In this report, we will explore key insights, such as the market size, product categories, brand count, pricing, and discounting trends in Missouri. Show Notes: Missouri's Growing Adult Use Market https://www.headset.io/industry-reports/missouris-growing-adult-use-market Host: Josh Kincaid, Capital Markets Analyst & host of your favorite business podcast. https://www.linkedin.com/in/joshkincaid/ Episode 1,183 The #TalkingHedge... Your Favorite Business Podcast. Covering cannabis business news, interviews, events, finance, data, 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: News, Business, Pitch Deck, Investment Deck, Investing, Stocks, RoboAdvisor, Day Trading, Money, stock markket, crypto, futures, options, equities, This is only entertainment. This is NOT financial advice.
Maryland's cannabis industry is off to hot start since adult-use sales began on July 1st. Since transitioning from a medical-only market, sales more than doubled from $42.7M in June to $87.8M in July. This report is based on real-time sales data from participating retailers and provides insight into the success and challenges faced by this new adult-use market. Key areas of focus include sales growth, product category trends, top products, and how Maryland compares to other US markets. Show Notes: A deep dive into the Maryland cannabis market https://www.headset.io/industry-reports/a-deep-dive-into-the-maryland-cannabis-market Host: Josh Kincaid, Capital Markets Analyst & host of your favorite business podcast. https://www.linkedin.com/in/joshkincaid/ Episode 1,182 The #TalkingHedge... Your Favorite Business Podcast. Covering cannabis business news, interviews, events, finance, data, 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: News, Business, Pitch Deck, Investment Deck, Investing, Stocks, RoboAdvisor, Day Trading, Money, stock markket, crypto, futures, options, equities, This is only entertainment. This is NOT financial advice.
In this episode, we interview Greg James, publisher of Marijuana Venture magazine and host of Interchange- which is like speed dating for cannabis producers, processors, and retailer.
Greg shares his insights on the cannabis industry, including its complexities, inventory issues, and the most underreported topic of 2023.
This episode provides valuable insights into the evolving cannabis industry, offering listeners a closer look at its challenges, innovations, and exciting prospects.
Summary:
00:00 - intro
01:12 - Interchange's inspiration
03:25 - intricacies within the industry
05:25 - cannabis industry overview
09:13 - Inventory issues
11:39 - Most underreported topic of 2023
14:43 - Cannabis Cups & High Times
16:25 - The future of cannabis
18:07 - is California king?
20:47 - mold & mites, oh my!
22:51 - consistent quality bud
24:44 - Interchange
25:52 - outro
Guest:
Greg James, Publisher, Marijuana Venture & Host of Interchange
https://www.linkedin.com/in/greg-james-949a931
Host:
Josh Kincaid, Capital Markets Analyst & host of your favorite business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode XXX The #TalkingHedge...
Your Favorite Business Podcast.
Covering cannabis business news, interviews, events, finance, data, 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:
News, Business, Pitch Deck, Investment Deck, Investing, Stocks, RoboAdvisor, Day Trading, Money, stock markket, crypto, futures, options, equities,
This is only entertainment. This is NOT financial advice.
In a year when sales growth in the US is relatively flat, PreRolls have managed to grow sales by over 13%.
Based on total sales, Pre-Rolls are now the third largest product category in the US (15.3%) and second in Canada (33.3%).
Summary:
00:00 - Intro
00:49 - Sales Growth
06:13 - Brand Count
08:14 - Top Segments
10:09 - Packaging
12:06 - Pricing
13:55 - Demographics
15:14 - Crystal Ball Predictions
16:07 - Outro
Show Notes:
Pre-Rolls: Analyzing category performance & sales trends
https://www.headset.io/industry-reports/pre-rolls-analyzing-category-performance-sales-trends
Guest:
Harrison Bard, Co-Founder & CEO, Custom Cones USA
https://www.linkedin.com/in/harrisonbard/
Host:
Josh Kincaid, Capital Markets Analyst & host of your favorite business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 1,178 The #TalkingHedge...
Your Favorite Business Podcast.
Covering cannabis business news, interviews, events, finance, data, 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:
News, Business, Pitch Deck, Investment Deck, Investing, Stocks, RoboAdvisor, Day Trading, Money, stock markket, crypto, futures, options, equities,
This is only entertainment. This is NOT financial advice.
In this podcast episode, we have the pleasure of exploring the fascinating realm of cannabis banking and compliance with Michael O'Neil, The Cannabis Banker.
With years of experience in providing reliable banking services for the cannabis industry, Michael shares his insights on the challenges and opportunities surrounding financial services for cannabis businesses.
Join us as we delve into the pivotal role of banking in legitimizing this industry, navigate the intricate landscape of compliance, and analyze the potential ramifications of legislative shifts such as the Safe Banking Act and the ongoing path toward cannabis legalization.
Tune in for valuable insights into the ever-evolving financial dynamics of the cannabis world in this captivating conversation with Michael O'Neil, The Cannabis Banker.
Guest:
With over two decades of experience spanning financial institutions, technology companies, and regulatory agencies, Michael brings a comprehensive understanding of the banking industry to the table. His extensive background includes roles as an Executive, Senior BSA / Compliance Officer, Auditor, Consultant, and Federal Regulator, where he specialized in designing, implementing, and managing Marijuana Related Business banking programs while also evaluating programs from a regulatory agency standpoint.
Michael O'Neil, The Cannabis Banker
https://www.linkedin.com/in/thecannabisbanker/
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
The #TalkingHedge...
Your Favorite Business Podcast.
Covering cannabis business news, interviews, events, finance, data, 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:
News, Business, Pitch Deck, Investment Deck, Investing, Stocks, RoboAdvisor, Day Trading, Money, stock markket, crypto, futures, options, equities,
This is only entertainment. This is NOT financial advice.