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- đ El Pres Backs Amendment 3 đ
đ El Pres Backs Amendment 3 đ
GM Everyone,
Yesterday, the Yes on 3 campaign gained a major boost as Dave Portnoy, in true "El Pres" style, tweeted his support just as Sundayâs NFL kickoff was underway. With about 4.9 million views (as of post-Bengals loss), the tweet was nothing short of high-impact. Between endorsements from the real "Pres" (Trump) and Portnoy himself, itâs safe to say Amendment 3 is drawing some serious star power. Expect more fireworks as this campaign heats upâitâs gaining momentum. Quickly.
Todayâs letter can be read in 7 minutes and 38 seconds.
đ¸ High Impact
The Michigan Market Is Having A Moment
Michiganâs 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.! Whatâs driving this green rush? A mix of Michigan's consumer-friendly regulations, an ever-growing lineup of dispensaries, and a diverse product selection. Plus, Michiganâs licensing system is so efficient, itâs practically a well-oiled machine, ensuring businesses keep up with demand.
But the real kicker? Ohioâs entry into the recreational cannabis scene didnât rain on Michiganâs parade at all. Launched in early August 2024, Ohioâs foray into legal weed hasnât dented Michiganâs momentum. Why? Michiganâs market is like a seasoned pro, with a loyal customer base and more choices than a candy store. Even with Ohio joining the fray, Michiganâs cannabis industry held strong, showing off its resilience and keeping its loyalists happy.
Michiganâs 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 Michiganâs cannabis market isnât just survivingâitâs thriving, and the industryâs well-regulated framework has become a gold standard for success.
As we look forward, Michiganâs 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 Californiaâyouâve got some serious competition!
đ 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 Ohioâs 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 isnât as dangerous as his administration made it out to beâcertainly 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 wasnât the boogeyman it was made out to be. Seems like the cannabis market isnât the only thing growing; so is the list of governmental contradictions.
đď¸ The News
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Would We Buy These Five Stocks? | TDR Small Cap Sunday
What we covered:
â 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.