BUSINESS OF CANNABIS: NEW YORK
Equity, justice and Black culture in New York cannabis
Ahead of the Business of Cannabis: New York event, social entrepreneur, actor, photographer and producer, and founder of Frank White and Think BIG, CJ Wallace, discusses equity and black culture in the cannabis industry.
Wallace explores:
- How New York’s Hip Hop community influenced forward thinking cannabis policies, and the approach to building the industry in New York today.
- How large corporations and MSO’s can celebrate Black culture, support social equity initiatives and minority businesses, beyond purely financial assistance.
- What the impact will be of individuals with cannabis convictions being the first to get to sell cannabis in New York.
- How emerging small companies can utilize fashion, art, music and other creative disciplines to stand out.
CJ will deliver his keynote speech on ‘Equity & Justice in the New York Cannabis Space’ as well as joining the ‘Hip Hop, Cannabis & NYC: The Roots of an Industry?’ panel alongside Fab 5 Freddy.
Enjoy Cannabis Daily each morning at 7 a.m.
CASH CROP
Leafly report finds legal cannabis is America’s 6th biggest cash crop
Cannabis discovery marketplace Leafly Holdings has released its Cannabis Harvest Report.
The report provides an analysis of the last year of cannabis farming in the U.S., looking at adult-use cannabis crop licensing, production, and value.
The report has revealed a number of findings, including:
- 554 more metric tons of adult-use cannabis was grown in 2022 compared to 2021. – Prices have hit historic lows.
- Cannabis is the number one cash crop in three states.
- Colorado wholesale prices hit an all-time low in July.
- Regulators California do not report how much their licensees are growing.
Leafly said of the report: “Our findings suggest Congress needs to do the will of 68% of voters and send cannabis reform bills to President Biden this year.”
BUSINESS OF CANNABIS: NEW YORK
The importance of branding for cannabis businesses
Business of Cannabis sat down with brand marketing executive and Co-Founder of Think BIG, Willie Mack, ahead of Business of Cannabis: New York to explore cannabis branding and New York regulations.
Mack explores:
- The success of a luxury cannabis brand is defined by the quality of the product or the branding.
- Cannabis advertising regulations.
- The impact of municipalities opting out of allowing dispensaries to open and allowing licensed cannabis lounges to operate within city limits on market growth.
Business of Cannabis: New York will be held tomorrow, November 3rd at the New York Academy of Medicine, located at 1216 5th Ave, New York.
POSITIVE SIGNS
What sent cannabis stocks soaring on Monday?
Cannabis stocks were on fire Monday after another sign that the United States might be getting closer to easing banking rules for legalized cannabis, reports The Motley Fool.
Shares of Tilray Brands were 12.4% higher, Canopy Growth was up 18.3% and Aurora Cannabis stock was up 11.7%.
The publication highlights some of the key driving factors of the growth, including:
- The Senate majority leader said he was working with members of both parties on new banking rules.
- New legislation is “getting very close” to being passed.
- The legislation would open up the market to legal businesses.
The Motley Fool wrote: “It’s not surprising to see the stocks jump today after the Senate majority leader signaled progress might be imminent, at least on the associated banking rules.”
