💸 High Impact

Seth Yakatan Set The Record Straight

Seth Yakatan of Katan Associates International, and capital markets advisor to Glass House Brands, recently joined hosts Shadd Dales and Anthony Varrell on the Trade To Black podcast to dissect cannabis investment trends and the West Coast's regulatory rollercoaster. California, the golden goose of cannabis, is experiencing some growing pains—Governor Gavin Newsom just pulled the emergency brake with new regulations impacting the hemp market, and now the state is staring down a lawsuit.

Newsom claims his swift ban aims to prevent minors from getting their hands on hemp products laced with THC and other intoxicating cannabinoids. In effect, he's put the kibosh on a slew of hemp foods, beverages, and dietary products containing THC, raised the purchasing age for hemp products to 21, and slapped limits on package quantities.

Unsurprisingly, hemp companies aren't taking this lying down. They've filed a lawsuit likening the ban to "requiring candy to stop containing sugar." Among the plaintiffs? None other than the iconic duo Cheech and Chong—because who better to fight for hemp than those guys?

We delve into why California is proving to be a tough terrain for cannabis businesses: tangled regulations, sagging retail performance, and companies grappling to stay in the green. Yet, despite these hurdles, California remains the epicenter for cannabis brand development—it's the industry's Silicon Valley, if you will.

So, what's the deal with hemp products in the Golden State? We chew over hemp production and distribution, which seems like a walk in the park compared to cannabis, burdened by heavier regulations and oversight.

Was Governor Newsom right to slam the door on THC-containing hemp products? His rationale seems murky unless you consider that the ban might protect the regulated cannabis market by weeding out competition from hemp-derived products that don't face the same regulatory microscope.

Looking ahead, how high can the cannabis and hemp industries climb? Join us as we chat with Seth Yakatan about cannabis investment trends and stock market potentials. Trust us, it's a conversation that's anything but dry.

📈 Dog Walkers

JD Vance Is Misinformed Again

Senator J.D. Vance, now playing sidekick in Trump's 2024 ticket, is pointing the finger at Vice President Kamala Harris for failing to stop cartels from smuggling marijuana and fentanyl disguised as Nerds candy. At a Faith & Freedom event, he was aghast at drugs masquerading as sweets, endangering children. Interestingly, while Vance once championed states' rights over cannabis and opposed criminalizing possession, he's now turning up the anti-drug rhetoric. Advocates argue that a regulated market with testing could prevent such risks, but Vance isn't connecting those dots. Investors might note that legalization and regulation could be the golden ticket to both consumer safety and market growth.

Ross Gerber Has Uses Some Strong Language At Benzinga

“And that’s why I’m here. Because I think cannabis is one of the biggest opportunities for investors that exists today outside of things like AI.” Gerber said.

“I can’t tell you the tsunami of money that would go into this industry if it was legalized because young people today want to invest in cannabis companies,” Gerber said.

Cannabis Delivery Might Be Coming To Mass.

The Cannabis Control Commission is finally gearing up to vote on regulations that could give cannabis delivery businesses the green light they've been waiting for. These policy changes, agreed upon last year but stuck in regulatory traffic, could significantly boost the bottom lines of struggling delivery services. Previously, the commission required two employees in each delivery vehicle—a security measure that was more of a buzzkill for profits. By potentially eliminating this rule, the commission is helping businesses cut costs and streamline operations. Looks like cannabis delivery might finally get a much-needed profitability boost.

CUSA Closes The Much Anticipated Wana Brands Acquisition

Canopy Growth Corporation (TSX: WEED, NASDAQ: CGC) just added another leaf to its portfolio by completing the acquisition of Wana Brands through its subsidiary, Canopy USA. This follows their earlier grab of a 75% stake in Jetty, pushing Canopy USA closer to dominating the U.S. cannabis scene. Wana and Jetty are already plotting to join forces in New York, aiming for edible and vape supremacy. With Wana launching Wanderous™, a direct-to-consumer marketplace featuring big names like Martha Stewart CBD™, Canopy is clearly mixing up a potent concoction. And don't forget the upcoming acquisition of Acreage Holdings—they're not just growing plants; they're growing profits.

👾 Number Of The Day

2,780,055 The number of eigths sold in Michigan in the month of September.

🗞️ The News

JD Vance Says ‘Bags Of Marijuana’ And Candy Laced With THC And Fentanyl Are Coming Across The Border, Blaming Biden-Harris Immigration Policy 

EXCLUSIVE: Ross Gerber Sees 'Tsunami Of Money' Pouring Into Cannabis Companies Upon Federal Legalization, Says Cannabis Is One Of 'Biggest' Opportunities Beyond AI

‘Lesser-Known’ Marijuana Components Like CBG And THCV Are ‘Promising’ Treatments For Parkinson’s And Alzheimer’s, Study Shows

Pennsylvania Black Lawmakers Step Up Push For Marijuana Legalization With Focus On Social Equity

Canopy Growth Confirms Canopy USA's Acquisition of Wana

📺 YouTube

How Ohio’s Marijuana Changes Affect Cannabis Stocks | Trade to Black

What we covered:

✅ On the latest Trade to Black podcast with special guest Anthony Coniglio, the CEO of NewLake Capital (OTCQX:NLCP), to discuss the potential of the Ohio marijuana market and its impact on individual cannabis stocks. TDR Trade to Black co-hosts Shadd Dales and Anthony Varrell will lead a discussion covering the following main points:

1. Market Projections & Potential: Ohio's cannabis market is expected to reach significant sales figures. Anthony Coniglio will share his estimates.

2. Social Equity Initiatives: Explore new programs in Ohio aimed at promoting diversity and inclusion in the cannabis sector.

3. Financial Outlook & Profit Margins: Get an overview of the expected profitability of cannabis businesses in Ohio.

4. Mergers & Acquisitions: See which companies are set for success and how mergers and acquisitions could shape Ohio's cannabis market.

5. Regulatory Impact & Market Stability: Understand the importance of regulations in keeping the market stable and competitive.