This Week in Cannabis News – July 26th to August 1st
*This news is NOT investment advice. It’s for educational purposes only. *
Mid-Week Update: https://youtu.be/y7OiMFmEvaw
TLRY Earnings: https://youtu.be/5H7_dmybE8s
Note: EBITDA = Earnings or Profits After Cost of Goods Sold / Sales = Revenue
Timecodes:
00:00 – Intro
00:40 – Recapping Late Friday Action For Context, My Plan for Next Week
2:07 – OpEd From Tim Seymour & Brady Cobb, Outlining Best Case Scenario For 2021
3:55 – Press Saying Cannabis Wave Coming Late August, Some Foreshadowing?
5:24 – Legislative Stagnation CAN’T and WONT Impede On State Growth M/M, Y/Y
6:06 – SAM Admitting Defeat, Highlighting Bill Amendments That Protect Banks
8:00 – Understanding Washington: Follow the Minibus – MUST READ FOR INVESTORS!
9:10 – Todd Harrison Interview on Fox, Making Sense Of Where We Stand Today
12:52 – Tweet – UBS Switzerland Offers MSO Custody Again, Maybe More to Follow?
13:33 – EV/EBITDA (Earnings/Profit) Multiples for MSOs Via Todd Harrison
15:00 – IL Had First Lottery to Hand out 55 More Dispensary Licenses, 2 More to Come
15:35 – Chicago Cannabis Shops Stock Up For Lollapalooza
16:57 – Florida Update, Strong Sales, Added 2,844 Patients
17:40 – Michigan Credit Union to Offers Banking Services, Good Sign For What’s to Come
19:07 – Gen Z Overtakes Baby Boomer Market Share Already
19:58 – Green Thumb To Open 60th Store, First “RISE” Aug 2nd
20:38 – Verano Opens Another Dispensary With 4 Lane Drive Through
21:27 – 49% Self Reported Reductions in Tobacco Use Following Medical Cannabis
22:35 – Another Study, Cannabis Aids Treatment-Resistant Depression and Alcoholism
24:05 – NORML’s 2021 Report Highlighting 450+ Studies Assessing Cannabis Benefits
25:20 – Top 7 Mid Cap MSOs – Cannabis Investing Network Podcast
Open your self directed TFSA through these links to support the creator!
Use Questrade and earn $50: https://www.questrade.com/?refid=makemorecapital
Use WealthSimple for a RoboAdvisor and get $50: http://bit.ly/mmcrobo
Use WealthSimpleTrade to Invest with no commissions, get $10: http://bit.ly/mmcwst
Sources:
https://marijuanaindex.com/
https://finance.yahoo.com/news/cannabis-stocks-next-big-wave-235520637.html
https://twitter.com/tomangell/status/1421186733362847745
https://www.reddit.com/r/weedstocks/comments/ou538a/understanding_washington_follow_the_minibus/
https://video.foxbusiness.com/v/6265759691001#sp=show-clips
https://twitter.com/todd_harrison/status/1420409295976476688
https://www.idfpr.com/Forms/AUC/230pm%20List%20to%20be%20posted.pdf
https://s27415.pcdn.co/wp-content/uploads/ommu_updates/2021/073021-OMMU-Update.pdf
https://mjbizdaily.com/michigan-credit-union-to-provide-banking-services-to-marijuana-companies/
https://cheddar.com/media/cannabis-native-gen-z-overtakes-baby-boomer-market-share-in-2021
https://www.journalofsubstanceabusetreatment.com/article/S0740-5472(21)00207-5/fulltext?fbclid=IwAR3NxAQ9gQaLow1G9U722UgwOT9MmeRdQtX5yRyM-CWbE635BaB–Y6kZoU
https://norml.org/marijuana/library/recent-medical-marijuana-research/
https://podcasts.apple.com/us/podcast/cannabis-investing-network/id1473608442?i=1000530259576
This Week in Cannabis is a weekly recap of the Cannabis industry for retail investors to learn about the budding opportunity unfolding in North America before Cannabis goes global.
For FREE Financial Education, check out these free resources:
Video Course on ETF Investing: bit.ly/freemoneyedu
Free ETF Investing Guide: bit.ly/pimachine
Budget Tool For Download: bit.ly/budgetbae
Disclaimer
**This is not investment advice. It is educational and informative entertainment to help people learn new investing perspectives that they can compare with their own. Invest at your risk. **
source