Verano’s Post

Excited to kick off a new series where I recap articles that caught my eye! 📰 This one from MJBiz caught my eye this past week and wanted to share my key takeaways : 🔍 - Attorney Rachel Gillette advises U.S. cannabis companies to comply with the Corporate Transparency Act. - The law, affecting most small cannabis businesses, carries exemptions but requires careful attention. - Deadlines vary: Existing companies formed pre-Jan. 1, 2024, have until Jan. 1, 2025, for their first report; 2024-formed companies must file within 90 days. - Disclosure of ownership isn't new, given state licensing laws in the cannabis industry. - Congressman Earl Blumenauer urges DEA clarity on marijuana rescheduling timelines. - Christina Lake Cannabis Corp. expands its outdoor cultivation in southern BC with a $3M acquisition. 🔗 Dive into the full article here: https://lnkd.in/eca_wTHS Let's stay informed together! 🌱 #CannabisNews #IndustryInsights

Setting up your Intellectual Property separate from plant touching operations is an important consideration for many cannabis companies. Successful brands should understand how non-plant touching products can help accelerate revenues and profit margins outside of 280E tax limitations. Clear delineation between the two business verticals can be useful. Joint ventures and IP license agremeents outside of cannabis can lead to more passive IP royalty income that doesn’t require a ton of overhead to generate.

Check out Venroy July’s recent article published in the Baltimore Business Journal, “Viewpoint: Maryland's recreational cannabis market still presents business perils.” In this article, Venroy discusses perils businesses need to watch for with Maryland’s recreational cannabis market kicking off in July. To read the full article, click here: https://bit.ly/46qOy7c #cannabislaw

Here is another discussion on the potential impact of the SCOTUS overturning of a whole host of administrative law precedents. I was honored to speak with Tom Hymes of Cannabis Business Executive both in January when we first raised the Looper Case as a potential hit to the industry and yesterday as we unpacked a bit of the impacts from the overturning of Chevron. https://lnkd.in/eQ7QqS37 #scotus #cannabisindustry #cannabisbusiness #administrativelaw

Here's the full video of my panel discussion from Benzinga Cannabis in Chicago last week, with Vladimir Bautista of Happy Munkey LLC, Rebecca Kirk of Acreage Holdings, and Louis Magazzu of Weiner Law Group LLP. We had a wide-ranging discussion of how big #cannabis companies and investors are looking at the opportunities and challenges in New York and the broader Northeast. Stay for some 🔥 words from my friend Vlad: "The majority of the big players were playing monopoly," Bautista said. "They would buy everything they land on, do another round of raising, and buy whatever else they land on. And the only thing they had to produce was projections, and growth." "Investors aren't rewarding that anymore. The game has morphed more into a game of Risk, and investors looking for profitability." Legacy market operators, said Bautista, couldn't operate off of projections — everything had to be funded out of income. It's a totally different way of doing business. What do you think? Are the days of big cannabis companies dotting up the map over? Are investors going to be more focused on profitability moving forward?

An Inside Look at the Pennsylvania Cannabis Market. Dive deep into the competitive landscape and market dynamics of Pennsylvania's cannabis industry through the expert lens of Anthony Coniglio, CEO of NewLake Capital Partners, Inc. Join the conversation and share your thoughts below! 👇(Link in Comments) Discover key players shaping the market: Cresco Labs (@crescolabs) Trulieve (@TrulievePA) Green Thumb Industries (GTI) (@GTIGrows) TerrAscend (@terrascendcorp) Curaleaf (@Curaleaf_Inc) Jushi Holdings Inc. (@wearejushi) Gain exclusive insights into market dynamics, the trajectory of future growth, and discover what makes Pennsylvania a unique opportunity for investors. Whether you're an investor looking for the next big opportunity, a business exploring expansion possibilities, or intrigued by the legalization and growth of the cannabis industry, this video is a must-watch! #PennsylvaniaCannabis #InvestmentOpportunities #LegalizationUpdate #MSOs

🌿✨ Excited Reflections from Crain's CLE Cannabis Summit ✨🌿 What an enlightening and energetic experience we had at the Crain's Cleveland Business Cannabis Summit! Midtown Capital Advisors is armed with new knowledge and valuable connections gathered at this dynamic summit. Let's talk numbers! The insights shared at the summit point towards an explosive growth projection for the cannabis market. Experts anticipate a market size of $2-4 billion, painting a vibrant picture of the future. To put it in perspective, this promising forecast positions the cannabis industry to be about the size of Cle based Lincoln Electric 📈 👀 This isn't just about the numbers – it's a story of community and economic growth. An industry of this magnitude means substantial contributions in taxes and an influx of job opportunities, fueling prosperity and innovation across our great state of Ohio. Wait! And now, the best part: Midtown Capital Advisors is on the cusp of introducing an exciting cannabis Multi State Operator’s brand to Ohio… But we can’t share the name… yet… Stay connected by following us here on LinkedIn for more updates and insider peeks into this blossoming industry. Trust us; you don't want to miss what we have in store! 🌱 #CannabisSummit #EconomicGrowth #MidtownCapital #CannabisIndustry #OhioCannabis #Networking #Insights #InvestmentOpportunities

It is with great privilege that we bring to you the inspiring story of two exceptional young founders who have redefined the landscape of cannabis distribution. Allow us to introduce Jun S. Lee and Vince C. Ning, the visionary minds propelling NABIS, the world's largest wholesale platform and distributor for cannabis products. With problem-solving at the core of their engineering backgrounds, Jun and Vince made a bold choice to venture beyond their comfort zones. As distributors of cannabis products, they took it upon themselves to personally deliver these goods, unearthing the real issues within the industry. Remarkably, they now handle the delivery of a staggering 20% of all cannabis products in California. As you delve deeper into their narrative, you'll uncover the profound transformation brought about by Jun and Vince. They've not only broadened their horizons but have also spearheaded a new era in cannabis distribution. Prepare to be inspired by the extraordinary journey of these two trailblazing individuals, and the significant impact they've made on the world of cannabis. https://lnkd.in/gFX_HwR3

Green Gold Rush: Navigating the Opportunities and Risks of Investing in the Cannabis Industry In this exploration, we delve into the dynamics of investing in the cannabis industry, examining the opportunities and risks that come with navigating this burgeoning market. See more: https://lnkd.in/dKEayJDj #CannabisIndustry #GreenGoldRush #CannabisInvesting #MarketTrends #RiskManagement #InvestResponsibly #SocialImpactInvesting #CannabisInsights #InvestmentStrategies #MarketGrowth

🌿👏 Congrats to Jim Conner, CEO of MJ Verdant, for being named a Notable Leader in Cannabis by the Green Market Report! 🏆 Jim's commitment to excellence and innovation in the cannabis industry is truly remarkable. Keep blazing the trail, Jim! 🔥🌱 https://buff.ly/3ZKU9SF #CannabisLeaders #MJVerdant #GreenMarketReport