Post by
geodcan on Jun 29, 2023 8:54pm
nigh on to nothing by US politicians
to do much of anything for American Cannabinoids to give anything close to a fair and level playing for this investment that shows so much promise as a new legal industry, albeit, most consider it a vice!
Instead this is just left to flounder around with more effort given by the major players both American and International with very little movement by the government powers who have shown that they are benign to do anything towards what the voting public wants by way of a National Marijuana legalization program.
I said before that they are totally willing to let this implode because of their fear to legalize in case they stir up the cartel influence, who are a lot more committed than those charged with legalization.
Investors and shareholders in these companies that see cannabinoids as having a great future with the right legislation that needs to be written with an ear to the invested lobbyists who clearly know more about what they need to be successful than any of those government lackies do.
The hard handed justice might not come from the Cartels and Gangs but disgruntled investors who are standing on the sidelines waiting for government to screw up thier cajones and at least level the playing field with beverage alcohol.
Those charged with policing the stock market need to take heed to as well as government who are totally content to charge and fine banks and brokerages who are running willynilly with the rules of order for the stockmarket. This approach that they like so much is a failure to actually enforce the laws and guidelines that are supposed to protect investors.
The pot and hemp business is leaning hard towards pharma use but also see a bright future for adult recreational use. This year the Biden politicians finally got around to allowing study and transfer of the plant to really explore and help to prove up the validity of the claims by a large segment of society who prefer pot as an alternative to what Big Pharma is delivering.
The US needs to take care of this or just admit failure and hand it to the blackmarket. I don't believe that it is Big Alcohol exercising their influence to keep a lid on the legal pot biz because most of them have been exploring their future with thc infused beverages that have shown tons of promise, where legal, despite the fact that there are a bunch of misguided rules that don't allow alcohol and pot to be sold or served at the same venue.
It is absolutely ridiculous to expect potpreneurs to build separate facilities to sell their wares and I really think the lawmakers have dropped the ball on letting pot be handled by the already existing alcohol guys who are trained and experienced in keeping the underage from accessing and purchasing adult products.
Constellation Brands, major shareholder of Canopy and I believe Acreage are highly successful in the booze business but dumped some serious coin into Canopy with infused beverages being in the crosshairs. They shook up investors and contributed heavily by that action to give amazing run-ups to potpreneurs whose smart investors cashed in while the latecomers were jumping on board which has left us with too many players and too much supply in North America.
Lack of cooperation by government to deal with this issue has exasperated pot investors who are asking where did all the money go? Paying too much is a big part of it and that goes to wages too.
It was STZ that took the reigns of the Canopy/Acreage deal that was valued at $4.3 billion with the option to walk or revisit the deal. Acreage was beat down so bad and basically broke but STZ guided Canopy into doing the deal for $38 million, down from the $4.3 that was the original value when they first started to do the deal but it fell like a rock along with most of the LPs and MSOs.
Now Klein is trying to bring the complicated deal to fruition to do the same thing that Canopy did and Acreage did to build hub and spoke companies only as a true International company with a US adress and a new name to freshen up all of those beatdown players.
The $38 million already went to Acreage and now all that is left is the share swap for Canopy shares for Acreage shares.
I am not sure how all of the other parts that STZ have been picking up is going to fit in but STZ put up $5 billion and I believe they will continue to provide financing to make this come together because that lack of financing is what is going to matter as we get on with the rightsizing of players and supply.
Soft alcohol are watching declining sales as consumers are reaching for healthier options than alcohol and Canopy/STZ are well positioned to satisfy that market. STZ has money and Canopy has about 10 beverage options that they are familiar with as in knowing what will sell and make profit but for sure for this to hit full stride they need to be allowed to sell and serve cannabinoid infused beverages alongside beer in bars and lounges.
It is time for the US to step up and take control from the black market to keep that bs away from US soil.
glta and dyodd