NASCAR and Cannabis Partner Up - Cannabis Daily January 21, 2022

Cannabis Daily

Welcome to Cannabis Daily - Your daily guide to cannabis news, industry trends and trade ideas in under 5 mins.

Episode Summary:

More than 50 % of Americans don't believe President Biden will get anything done for the Cannabis industry in 2022.

Stocks Talked About In The Episode:

Trulieve Cannabis(OTCQX:TCNNF)

22nd Century Group(NASDAQ:XXII)

Elliot's Stocks To Watch For The Day:

Glass House Brands(OTC: GHBWF)

(Mystic Holdings Inc OTC: MSTH)

Goodness Growth Holdings(OTCQX: GDNSF)

Hosted & Produced By:

Elliot Lane

Aaron Thomas

Contact us at: [e-mail]

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Unedited Transcript:

Good morning, my friends. Welcome to your field. Good Friday episode of cannabis daily. This is Elliot lane, your host as always with my good friend, Aaron Thomas who's producing and we'll join as he always does on Friday to give us some more interesting bits of news about cannabis culture, but super excited to be here.

It's been a great week, been a lot of legislative news this week, but a lot of stock news this week, and it's not slowing down. Today for all those who are new to the show this show brings you stock insights and news on the cannabis space and tells you what might be worth keeping on your watch list to look for an investment opportunity and, or not.

So let's dive right in mystic, holding. This is a Nevada operator, a company that has pretty strong footprint in Las Vegas. They list on the OTC Q X upgrading from the pink markets with ticker, M S T H. I love this management team. They are filled with lawyers they're filled with just people who know compliance, know the space.

They have really cool branding. Qual can is part of their brand. If you know them in the Nevada area, They are a strong company that I think could challenge the likes of 1933 that could challenge the likes of flower one. So keep them on your watch. Let's keep an eye on the Nevada market.

There's some super interesting players there. And of course I didn't even mention planet 13. So Nevada obviously becoming a battleground pretty quick. Private companies some news there, solar therapeutics, which you wouldn't think was a cannabis company based off its name launches, a paleo and the vegan artisinal chocolates and edibles line in Massachusetts.

This is edibles B Y K Y or. Becky, I don't know, but very cool news there. This is the first of its kind, apparently in the state pharma can the largest private MSO, if I'm not mistaken, currently issued 12% senior secured notes due in 2025. And they raised around 39 and a half. Million dollars off of that.

So pharma can being your largest private MSO, or for those of you who may not be aware that as a multi-state operator companies who are operating in multiple states as cannabis growers and distributors. Plus products, files, sanction order with the Supreme court of British Columbia to approve transaction.

In combination with glass house brands, that's OTC listed G L a S F a strong California company. There most likely a very strong MSO when it's all said and done. But I love this acquisition by glass house brands and plus products obviously does as well. Rhode Island, governor includes marijuana, legalization and expungements in the budget requests.

So another state looking to move forward here, we've touched on South Carolina. We've touched on Mississippi making moves and now Rhode Island this week, also looking to make its move Premera. Want a moment? Precedent and Biden's promises for the marijuana industry remained vastly unfulfilled and Americans by more than half.

Do not believe he will get anything done for the industry in 2022. So obviously we don't want that to be the case. We want the marijuana industry to move forward. But it is worth noting what is happening, what is not happening and safe banking through the sentence, or one of the bills that is currently in the, in that the house of representatives and or Senate will most likely move before the.

It takes any action, Kevin, what he's done to date harvest health, and truly celebrating one year anniversary of recreational sales in Arizona with in-store activations and product specials and celebration. So that's pretty cool. It's truly TFC in F biggest M and a, I believe to date with their harvest health acquisition expanded them into the state of Arizona and they are celebrating the Arizona sales, which.

Relatively massive since Arizona came online and last but not least 22nd century XXI appoints James mish to the board of directors. He is the president and CEO of the company. XXI is a very cool company that towed the line between cannabis and tobacco. So with that being said, that's some stock news for ya.

I would keep glass house brands, Glasshouse group on your watch list. I love that acquisition when it closes. I think it's going to be big news in personally for me MSDH or mystic holdings is definitely worth a look. Nevada is a very interesting state that I think hasn't been nearly fully tapped yet. So I, I.

What they're doing, and I love that. They're ready to go to war down there. Aaron, get your butt over here and tell me something. I don't know about cannabis. What's up Elliot. How's it going? Zinger. Nation. Happy Friday. We are back at it again. Whoo. Yeah, let's go. We are excited. Yeah. All right, let's get right into it.

So first up New Mexico ups cannabis production limits as adult use sales loom. New Mexico sales are about to expand with adult use legalization. So to prepare cannabis production is working to keep up less than three months before legal sales of recreational cannabis begin in New Mexico state regulators have increased production limits placed on adult use cannabis cultivators under emergency regulations that went into effect last week.

Most licensed cannabis producers will be permitted to grow twice as many plants as previously. Which is very great news, right? Let's see. Yes. Just to bring it back to the stock industry and, or the stock market, part of the cannabis industry, I should say, not the stock industry.

But to bring it back to that the company is, I think of our goodness growth. G D N S F a is a strong. Decently medically based operator in the states, but used to be a considered top 10 MSO, they have fallen off a little bit, but they're still there. They're still fighting. And in states like New Mexico and Minnesota, and I think this is big news for somebody like them.

This is cool though. However, isn't it like 70 days away? Yeah, it's right around the corner for New Mexico. They said that the that the. Provision. So like the limits are a set till July so that they have the Capitol. Nice. The reason I ask is I don't think that's enough time for a full harvest.

So I would imagine if you're trying to prepare for recreational sales, there might be an issue in products once that launches, but I know New Mexico is not an incredibly populous state comparatively to other markets like California. And some of the larger markets out there right now, but just something to keep an eye on and something I think we covered before.

In the sense that I think some people feel like there might be a product shortage because they did this so late in the game. However, it is still good news, especially for the companies growing in that state. Totally a great news for New Mexico, a men, another state jumping on board. We've been talking about it all week.

Aaron, what else we got my friend. Let's go. So three. C H I blazes into a 2022 partnership with NASCAR racing. So 3 8, 3 Chi and NASCAR teaming up for a first of its kind partnership between the hemp company and racing brand. The world is the world of cannabis has shifted. Again. Social media has lit up with memes and cannabis fans, collectively rejoice.

So ever since the company first pioneer Delta eight three Chi has been a company focused on THC innovation with hemp based consumer products. Now raising the bar, the company has teamed up for groundbreaking partnership with Richard Childress racing. Tyler Reddick, the driver and number eight NASCAR cup series team.

22. This is a significant partnership for both organizations as it marks the first category specific team partnership in NASCAR and first hemp-based consumer brand sponsorship across all major professional sports. It's a big step for NASCAR and a huge step for the THC industry. I have questions. Specifically, this is awesome so start there congrats to three Chi.

Super cool. This is this the first I feel like I faintly remember him fusion doing this. A while ago like a year and a half ago, but I don't know if it was in the U S so maybe that's the distinction. Okay. However, I'm not trying to take away from three Chi and in the marketing here, I think this is super cool and NASCAR is huge.

So I don't think infusion did it in NASCAR. I think it was like F1, not F1 some it was some sort of race car. I thought that they did it on a. But I could be wrong, but I will. You know what guys, I will come back to you on Monday with whether or not that happened. I'm relatively positive that you're going to have to fact check yours, check yourself relatively positive.

That him fusion that has done that. But that being said very cool news for three C H I a. Yeah. I would also point to Philo and we sign up that just did it as well. It seems to be a new way for cannabis companies to put themselves on the level of other major CPG brands of other major just B to C focused companies.

And just just worth noting. I think for the industry that these companies are ready to be mainstream or they feel. Yeah, and three Chi is the main sponsor of the car. Their logo is very apparent on the NASCAR itself and our NASCAR race car itself. So this is, this could open up many different sponsorship opportunities for other cannabis companies.

So let's see. We'll throw it to the audience out there. What do you think is the next cannabis company to appear on your favorite teams, Jersey, your neck, your favorite teams, a sports car. What have you let us. It's going to be one with a big marketing budget. And honestly, we haven't seen a lot of those in this industry to date.

I will honestly be very interested to hear what our audience has to say. Three Chi though. I don't want to take away. I was just for some reason thinking that this wasn't the first, however, it could be the first for a major us sport. Which is fantastic. Awesome news there, man. Anything else you want to close us out with one last?

News items. So cannabis companies target teens on social media, a study clamps. So a new study with a modest sampling pool found that cannabis retail companies are not adhering to state restrictions on social media and are targeting teens. The study was published in the journal of studies on alcohol and drugs recently on.

On January 19th and found that many recreational cannabis companies market their products in a way that appeals to children and teens, flouting, state regulations, or flouting state regulations once Staley's flouting state regulations. But what state are you just like? Just general state regulations.

So say, okay, not a specific state. Content analysis of cannabis company adherence to marketing requirements and four states provided. So that was a mouthful. I did an analysis of social media posts from cannabis companies and a handful of legal states. A team of researchers evaluated one year of publicly displayed posts on Facebook and Instagram by retail cannabis companies in four states, Alaska, Colorado, Oregon, and Washington, and evaluated.

If companies adhere to restrictions on social. Keep reading on, keep going on the, they go on to say that a lot of these marketing ploys by in these states definitely did not follow the state regulations. They were not including their age restriction, labels or warnings.

They weren't properly labeling their posts. There were more. Hey, here's some, here's our cannabis marketing. It's open to everybody. You got to follow regulations and unfortunately in cannabis, even more so than other industries it's an unfortunate thing that you have to digest when you work in the cannabis space is that you are held to a different standard than a lot of other industries.

And. That standard can be ridiculous sometimes in California, they don't let you, they don't let you have billboards as cannabis companies because they feel like you're targeting teens with that. Yeah. I would love to see all the lists of ways that this is effective for teens.

In their marketing, but that being said, there are regulations for a reason and whether we like them or not, you, the only way for the industry to move forward is for companies to be compliant. So that's unfortunate. And I hope some of these companies. You move forward intelligently. Now it would be curious to know which ones they were slash if they were all in the licit market or if some were in the gray market, definitely would like to know that, but that might be a study for another day.

Yes, sir. Awesome. Aaron, good news today, man. Appreciate you jumping in everybody. This is. Daily Thank you for checking us out. We bring you stock knows every Friday we chat about what's going on around the industry, outside of the markets, but this is meant to bring you some interesting cannabis information.

Let us know what you think, and review us.

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