💸 High Impact

The Michigan Market Is Having A Moment

Michigan’s cannabis market hit a historic milestone in August 2024, raking in a whopping $294 million in sales. Not bad for the second-largest legal cannabis market in the U.S.! What’s driving this green rush? A mix of Michigan's consumer-friendly regulations, an ever-growing lineup of dispensaries, and a diverse product selection. Plus, Michigan’s licensing system is so efficient, it’s practically a well-oiled machine, ensuring businesses keep up with demand.

But the real kicker? Ohio’s entry into the recreational cannabis scene didn’t rain on Michigan’s parade at all. Launched in early August 2024, Ohio’s foray into legal weed hasn’t dented Michigan’s momentum. Why? Michigan’s market is like a seasoned pro, with a loyal customer base and more choices than a candy store. Even with Ohio joining the fray, Michigan’s cannabis industry held strong, showing off its resilience and keeping its loyalists happy.

Michigan’s savvy approach to supply chain management and its commitment to innovation are keeping shelves stocked and customers returning for more. This record-breaking month proves that Michigan’s cannabis market isn’t just surviving—it’s thriving, and the industry’s well-regulated framework has become a gold standard for success.

As we look forward, Michigan’s cannabis sector seems ready to keep soaring. With its steady growth, consumer trust, and a forward-thinking approach, the state is setting itself up as a leading force in the U.S. cannabis industry. Watch out California—you’ve got some serious competition!

📈 Dog Walkers

Acreage Enters into Amended and Restated Credit Agreement

Acreage Holdings has restructured its financial future with an amended credit agreement alongside Canopy Growth and a new lender. The $65 million deal includes a 10% discount and repays previous debt, leaving Acreage with $8 million to play with post-transaction. CEO Dennis Curran is optimistic, highlighting the opportunity to expand in key markets like Ohio’s budding adult-use sector. The loan, set at 13.5% interest, matures in 2027. Meanwhile, Seaport Global Securities managed the deal, setting Acreage up for its next growth phase.

The NJ Hemp Ban Is Here

New Jersey has fully rolled out its ban on intoxicating hemp products, effectively dragging Delta-8 THC into the same regulatory framework as marijuana. The state aims to curb unregulated hemp sales, which had been thriving in a gray market. While the new rules focus on boosting consumer safety, they have some hemp retailers biting their nails over increased compliance costs. On the bright side, the state seems determined to tidy up the cannabis sector. Welcome to Jersey: no more shortcuts for hemppreneurs.

Tricky Dick Has Always Been Full Of It

In a newly uncovered recording, former President Richard Nixon admits that marijuana isn’t as dangerous as his administration made it out to be—certainly not compared to alcohol. Yet, despite this candid confession, Nixon still pushed forward with his infamous war on drugs, prioritizing political gains over rational policy. The irony here is that Nixon, the architect of modern drug prohibition, knew full well that cannabis wasn’t the boogeyman it was made out to be. Seems like the cannabis market isn’t the only thing growing; so is the list of governmental contradictions.

Original Article - MM

🗞️ The News

The New Jersey Hemp Ban Is In Full Effect

Michigan’s Record Cannabis Sales Defy Ohio’s Recreational Market Entry

Acreage Enters into Amended and Restated Credit Agreement

Weekly Recap of Cannabis Stocks With The Chart Guys

When Trump And Harris Agree On Marijuana Legalization, You Know The Issue Has Gone Mainstream (Op-Ed)

Hemp And CBD Groups Threaten To Sue California Over Governor’s New Rules Restricting Cannabinoid Products

How Virginia can fix its regulated marijuana market

📺 YouTube

Would We Buy These Five Stocks? | TDR Small Cap Sunday

What we covered:

✅ This week co-hosts Shadd Dales and Bill McNarland researched five small-cap stocks. One small-cap stock allows investors to invest in long-term carbon credits to help the environment! Of the five companies, find out which ones we would buy and which are traps.

Co-hosts Shadd Dales and Bill McNarland will walk through their process for deciding whether to buy these five stocks. They will look at an online car parts store that Bill is using to find car parts for a restoration project. We will also look at a high-tech cement company and our first look at the shipping industry.