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- 🔺 $700M Scheme
🔺 $700M Scheme
Ponzi scheme with over half a million investors busted in Europe. Plus, is 'gas station weed' on its way out?
Happy Monday, Cannabis Investors! We’re about to kick off our Benzinga Cannabis Capital Conference in Hollywood, so naturally we’re rolling out the red carpet for industry legends like Mike Tyson and Ric Flair. If you’re not here gearing up to celebrate with us, here’s what you’re missing.
Plus, a $700M Ponzi scheme with over half a million investors/victims was busted in Europe.
Also, check out the newest episode of Cannabis Insider, also available on Apple and Spotify.
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TOP STORY
Briefly: Former boxer Mike Tyson’s TYSON 2.0 cannabis company and brand licensing giant Carma HoldCo are teaming up with pharma company PHCANN to grow and distribute TYSON 2.0 THC products across Germany and the U.K.
Back Up: Germany recently became the third and largest European country to legalize adult-use marijuana. The new law went into effect on April 1.
Quoted: "Collaborating with PHCANN to bring my premium TYSON 2.0 cannabis products to Germany and the U.K. is a natural move as industry heavyweights," said Tyson.
Why It Matters: The venture marks a significant milestone in TYSON 2.0's mission to expand its global presence and provide quality products to consumers worldwide.
What Next: The announcement comes ahead of the Benzinga Cannabis Capital Conference in Florida on April 16-17, where Mike Tyson and his sidekick Ric Flair will be speaking on a panel.
WHERE DEALS GET DONE
$2B of Deals to Be Done on April 16-17 as the Cannabis Industry decides its future.
The speaker lineup is stacked with experts who will guide you, innovators who will inspire you, and top-producers who have seen it all.
We’ll have sophisticated networking tools and plenty of spaces to connect. And we’ll have an exhibit hall where you can discover the services and solutions to up your game.
ZINGERS
Podcast: Expert talks about 'Kanna,' the legal African succulent that elevates awareness, concentration and more
It's A Green Day In New York: 137 cannabis licenses granted, New Jersey still in the lead
New Yorkers to rally for SMOKEOUT act and against illicit weed shops, here's why, where and when
March sales top $288M in another record-breaking month for Michigan cannabis industry.
'Gas Station Weed' on its way out?
ONE FOR THE ROAD
Biden Champions Cannabis Reform And Pardon As Election Pressure Mounts, Marijuana Takes Center Stage
Briefly: President Joe Biden, Vice President Kamala Harris and Justice Department officials celebrated April as "Second Chance Month" on Friday.
So Basically: Biden earlier kicked off the month by calling attention to his administration’s pardons, signaling that marijuana is becoming an important issue as a tight presidential election race looms.
So Then: Since the Biden administration directed the Drug Enforcement Administration this past August to review cannabis reform and reclassify marijuana as a Schedule III drug, it’s been a waiting game.
So What? Can marijuana legalization help Biden's campaign? Recent polls show Biden has nearly erased Trump's lead of 46% to Biden's 45%.
DON’T MISS OUT
Join Mike Tyson and Ric Flair at the Benzinga Cannabis Capital Conference in Hollywood, Florida, this April 16-17.
The sports legends and cannabis moguls will share their journey from the rings to dominating the cannabis industry. The panel will feature insightful discussions on international expansion, brand licensing, and innovative product launches.
With Tyson’s and Flair’s ventures and unique collaborations capturing the spotlight, this session is the ultimate convergence of sports, celebrity, and cannabis business strategy.
Don’t miss your chance to network, learn, and get inspired by industry pioneers. Get your tickets now before prices surge and be part of this landmark event in the global cannabis market.
KEEP READING
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