Jay-Z’s Monogram Faces Struggles in Luxury Cannabis Market
Jay-Z’s cannabis brand, Monogram, launched in 2020 as a luxury product, is now facing significant struggles just four years later. With dwindling market presence and a massive financial loss reported by its parent company, The Parent Company, Monogram’s future is uncertain. This article explores the challenges faced by Monogram amidst fierce competition and shifting consumer preferences in the cannabis industry.
Man’s Near-Death Experience Highlights Dangers of Smoking Cannabis with Contaminated Water
A 25-year-old man in Connecticut faced a life-threatening situation after using a cannabis bong filled with water from a garden hose, leading to a rare and deadly lung infection known as Legionnaires’ disease. This incident sheds light on the dangers of using contaminated water sources in devices like bongs for substance consumption, emphasizing the need to be aware of the risks associated with bacterial infections, especially in the context of recreational drug use.
Cannabis Companies Seize Tax Savings Opportunities
Publicly traded cannabis companies are capitalizing on potential tax savings by amending their returns to seize 280E benefits. With the Biden administration’s cannabis rescheduling and legal challenges to the Controlled Substances Act, companies like Planet 13 and The Cannabist Co. Holdings Inc. are aiming to save tens of millions of dollars and reinvest in growth initiatives. TerrAscend Corp. is also leveraging tax savings to maximize financial benefits amidst evolving regulatory landscapes.
Growing Optimism Surrounding Marijuana Reform and Investing in U.S. Pot Stocks
Officials in the U.S. are considering rescheduling marijuana, sparking optimism for reform. While Canadian pot stocks are popular, multi-state operators may benefit most. Investing in individual pot stocks carries risk, but an ETF focusing on U.S.-based pot stocks could offer reduced risk. Multi-state operators are poised to benefit from reform, with ETFs like MSOS providing exposure to major players like Green Thumb Industries and Curaleaf Holdings.
Study Analyzes Strategies to Combat Illicit Cannabis Market Amid Legalization Wave
A recent study explores strategies to combat the illicit cannabis market amidst legalization in North America. Researchers suggest adjusting legal prices, improving quality, and enforcing laws to steer consumers towards legal sources. The study emphasizes evidence-based approaches to prioritize consumer safety and public health while addressing challenges posed by the underground market.
Challenges Ahead for Tilray Brands in the Cannabis Industry
Investors considering Tilray Brands in light of potential U.S. marijuana legalization should be aware of the company’s cash flow challenges, potential stock dilution, strategic shifts towards cannabis, and risks associated with acquisitions. Legalization alone may not solve Tilray’s underlying issues, making careful consideration essential for investors.
Michigan Dispensary Offers Chance to Win ‘Free Weed for a Year’ on 420 Day
Skymint, a Michigan-based dispensary, is celebrating 420 by offering a chance to win ‘free weed for a year.’ Local customers can participate by making a purchase of $75 or more at any of the 19 Skymint locations, earning them a raffle ticket for the contest. The winner will receive $250 per month to spend on Skymint products, with other rewards available for second and third-place winners. Beth Stone, retail sales manager, expressed excitement for the celebration, stating that 420 Day is the perfect occasion to thank customers in a big way. Skymint is also offering a 42% discount on all purchases made on April 20, with special promotions and activities at various store locations.
Florida’s Decision on Recreational Marijuana Legalization Looms
Florida is on the brink of a historic decision as the liberal Florida Supreme Court may pave the way for recreational marijuana legalization. With evolving attitudes towards cannabis use, the Sunshine State could witness a transformative moment in its social and legal landscape. Stay tuned for updates on this potentially groundbreaking decision.
Berner to Host Groundbreaking Event at Culture House in NYC
Join Berner, co-founder of Cookies, at Culture House in NYC on April 20th for the launch of his new album and Silly Nice’s product line. Experience an electrifying atmosphere with DJs, vendors, and industry figures, plus a chance to win $500 in CookiesSF merchandise. Don’t miss out on nationwide 420 promotions and exclusive product drops!
4/20 Celebrations and Advocacy Initiatives Ramp Up Ahead of Cannabis Holiday
As 4/20 approaches, brands and advocacy groups are gearing up for promotions and campaigns to capitalize on the growing acceptance of marijuana. With mainstream corporations like KFC and Jimmy Johns offering 4/20-themed deals, not everyone is on board. Smart Approaches to Marijuana (SAM) has criticized companies for promoting high-potency products. Despite the pushback, cannabis enthusiasts and reform-friendly companies are preparing for the holiday, coinciding with expectations for federal marijuana reform. Advocates are using the 4/20 platform to call for comprehensive legalization and other reforms, with organizations like the ACLU offering branded merchandise to support cannabis reform and address racial disparities in enforcement.