Happy Wednesday, Cannabis Investors! According to Congressman Earl Blumenauer, “Schedule III is not quite what we wanted.” Here’s why.

Plus, check out our exclusive video interview with Congressional candidate Abigail Diehl from the Benzinga Cannabis Capital Conference in Miami. If you have missed it, do not worry! Our next Cannabis Conference is in Chicago on Oct 8-9. Get your tickets here.

Also, check out the newest episode of Cannabis Insider, also available on Apple and Spotify.

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TOP STORY

Top States Draw Major Cannabis Investments Despite Market Downturn

Briefly: In the latest report from Viridian Capital Advisors, investment trends in the U.S. cannabis industry show a marked decrease, despite significant capital inflows in leading states such as California, New York and Massachusetts.

What It Means: Capital raises and investment volumes are critical indicators of market confidence and potential regulatory changes. These metrics help investors gauge sentiment and anticipate market trends.

Specifically: California ranked first with $320.16 million raised through 20 transactions. This positioning highlights the state’s ongoing dominance in attracting cannabis investment. Pennsylvania and Nevada are also highlighted with notable increases in transaction volume and capital raised.

Why It Matters: Spotting emerging opportunities in states where investment activities are stable or growing despite a general market downturn is vital for investors. These trends suggest resilience and potential for growth in less saturated markets, offering strategic advantages.

Click here to read more.

PRESENTED BY MOOD

These Cannabis Gummies Sold Out In 2023

If you've ever struggled to enjoy cannabis due to the harshness of smoking or vaping, you're not alone. That’s why these new cannabis gummies caught our eye.

Mood is an online dispensary that has invented a “joint within a gummy” that’s extremely potent yet federally-legal. Their gummies are formulated to tap into the human body’s endocannabinoid system.

Although this system was discovered in the 1990’s, farmers and scientists at Mood were among the first to figure out how to tap into it with cannabis gummies. Just 1 of their rapid onset THC gummies can get you feeling right within 5 minutes!

Order Now.

ZINGERS

Goodness Growth Reports 16% YoY Revenue Growth In Q1, Progress Regarding New York Exit

Cannabinoids With Chemotherapy For Breast Cancer: Psychedelics Biotech Inks $61M License Deal For Patented Methods

Cannabis Controls Patients' Pain While Improving Gastrointestinal And Pulmonary Function, Anesthesiologist Discusses Alternative To Opioids

Verano Reports 3% Revenue Decline YoY For Q1 Driven Primarily By Expected Declines In New Jersey Retail

Review: Is This The Best Weed Pipe On The Market? My Experience With Weedgets - Smooth Hits And Sleek Design

ONE MORE FOR THE ROAD

Exclusive Video Interview: What Are The Latest Cannabis Trends?

Briefly: At the recent Benzinga Cannabis Capital Conference, Lucas Jarzem, founder of Good 2 Grow Solutions and Resell Canna Equipment, shared his analysis of Canada’s cannabis industry.

So Basically: Jarzem discussed the substantial drop in cannabis prices in Canada, noting it as an indicator of the commodity nature of the product. This pricing pressure, exacerbated by high taxes, is leading to a high failure rate among Canadian cannabis companies — a trend also visible in California.

So Then: Jarzem also highlighted how this economic environment creates a surge in available equipment and materials, which are then sold at reduced rates. His companies, Good 2 Grow Solutions and Resell Canna Equipment, thrive in this climate by offering affordable equipment and packaging solutions.

So What? “Understanding the pitfalls and successes of the market is crucial,” said Jarzem. By studying these precedents, new entrants can better navigate the complexities of the cannabis industry and position themselves for sustainable success.

Click here to watch the interview.

KEEP READING

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