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US cannabis stocks: a good investment in a bad economy
Cannabis valuations and investor sentiment are beginning to see a rebound from the lows earlier in the year. US cannabis operators remain an interesting investment opportunity even during the pandemic given their underlying fundamentals (Green Thumb Industries, Curaleaf, and Trulieve are expected to surpass $100 million in quarterly revenue this year) and due to increasing regulatory visibility in the space.
LeafLink debt deal shows cannabis entering a new phase
New York-based LeafLink has closed a $250 million credit facility to provide credit to cannabis operators. While LeafLink already provides some factoring (trade credit) to facilitate transactions, the majority of smaller cannabis operators currently do not have access to debt capital. This new loan facility will allow LeafLink to expand factoring across the cannabis landscape, helping supply chains operate more efficiently
Cannabis gig work startup Kanna lands $500K to put people back to work
Kanna, a gig work platform, trains workers in need of employment for jobs in the legal cannabis industry and connects them with vetted farms and dispensaries in need of skilled employees.
US cannabis industry's economic impact could hit $130 billion by 2024
According to an analysis from the Marijuana Business Factbook, the cannabis industry’s impact on the US economy is already at $46 billion and is projected to increase significantly. MJ Biz estimates that for every $1 consumers/patients spend at dispensaries and recreational marijuana stores, an additional $2.50 of economic value is injected into the economy – much of it at the local level. Another reason to visit your local dispensary (and tip your budtender)!
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Interesting Cannabis Products: July 23, 2020
The cannabis landscape evolves quickly, and innovation occurs at lighting speed. Within this nascent industry, entrepreneurs are hard at work creating unique brands and experiences that will resonate with a rapidly-growing base of legal cannabis consumers. This week, we feature some of our favorite products that are on the cutting edge of development. Jetty Extract unrefined live resin: Unrefined live resin is the latest innovative release from the Jetty Extracts team in Oakland. Cannabis becomes “live resin” through an extraction process that preserves the original cannabis flower by flash freezing immediately after harvest. “Refined” live resin extraction can lead to the loss of active cannabinoid components before reintroduction to the final oil product that is sold to consumers. In contrast, no active compounds are removed from Jetty’s “unrefined ” live resin, resulting in a full-spectrum experience (a concentrate product most-closely related to fresh cannabis flower) for the consumer.