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- 🌿 $1.3M Bust
🌿 $1.3M Bust
350 pounds stashed in 8 suitcases. Plus, did the cannabis industry create e-commerce?
Happy Monday, Cannabis Investors! Marijuana or music: Which was sold first over the internet? In the early 1970s, students from Stanford University and MIT allegedly utilized a precursor to the modern internet to arrange a marijuana deal. So wait — the cannabis industry created e-commerce?
Plus, catch the early bird discount to our Benzinga Market Spotlight: New Jersey - Cannabis on Monday, June 17th.
Also, check out the newest episode of Cannabis Insider, also available on Apple and Spotify.
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TOP STORY
Briefly: Benzinga's cannabis stock expert Michael Berger is on a mission to uncover the most promising marijuana stocks poised for growth.
What He Said: "Cannabis is just getting started and there’s going to be a lot of companies getting ready to take advantage of this massive growth cycle, government reform, news states, opening new opportunities and one day, interstate commerce," noted Berger.
What Else: Berger — who is behind Benzinga PotProfits — said with regulation coming out at the federal level, many can capitalize on cannabis.
What Next: The strategy Berger advises retail traders to stick to is focusing on plays that have that global reach, global opportunity and companies that have free cash flow. Other financial metrics to watch out for are net income and adjusted EBITDA.
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ZINGERS
Marijuana Bust: Spaniard Smuggles 350 Pounds Of Weed In His 3 Children's Luggage From Los Angeles To The UK
Weed In Brazil: A Guide To Cannabis' Legal Status In The South American Country
GOP Senator Bashes Dems' Push For Marijuana Legalization As Pro-Criminal & Anti-American: “It's Obscene”
Cannabis In Sports Medicine: Here's What Doctors Really Think
Cannabis Reg Update: San Diego New Equity Program, Early Cultivation In Minnesota, South Carolina Delays Medical Bill And More
ONE MORE FOR THE ROAD
Briefly: Seymour Asset Management founder Tim Seymour provided profound insights at the recent Benzinga Cannabis Capital Conference.
So Basically: He discussed the impact of changing legal frameworks on the cannabis industry, particularly highlighting recent developments in Germany.
Specifically: “It’s been a pretty significant change,” Seymour noted, referencing the unexpected legislative shifts in Europe’s largest economy.
So Then: Seymour addressed the challenges companies face in sustaining their competitive edge and customer bases amid rapid market changes.
So What? “There are three or four different models for success in the cannabis industry right now,” Seymour explained, illustrating the diverse approaches firms are taking to maintain relevance and efficiency.
KEEP READING
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