andYou're receiving this email because you're subscribed to Cannabis Daily from Benzinga. To manage your subscription, click the link at the bottom of this email.

Happy Monday Cannabis Investors: Get ready to celebrate the finest cannabis products from California! The 2024 California State Fair Cannabis Awards showcased the best in the industry, with over 500 submissions across six new product categories. From top-notch flowers to innovative edibles and concentrates, discover who took home the coveted Golden Bear trophies.

Plus, Wiz Khalifa busted for cannabis possession in Romania.

On The Go: Check out the newest episode of Cannabis Insider, also available on Apple and Spotify.

Puff Pass: Did someone forward you this email? Click here to get automatically subscribed.

TOP STORY

Major Pharma Players Eye Cannabis Market as Legalization Nears

Briefly: With the prospect of federal cannabis legalization on the horizon, major pharmaceutical companies like AbbVie and Jazz Pharmaceuticals are setting their sights on the cannabis market.

So: These companies are preparing to enter the space, anticipating significant opportunities as regulatory landscapes shift.

What To Expect: The potential rescheduling of cannabis could reduce tax burdens and attract further investment, fostering industry growth. This move mirrors the broader trend of consolidation seen across the pharmaceutical industry.

For more details, check out the full article here.

PRESENTED BY CANNABIS INSIDER TITANS OF FINANCE

Join the Benzinga Cannabis team and cannabis finance titans, Adam Stettner, Seth Yakatan, and Henry Miller for a special virtual event about the ins and outs of cannabis capital.

ZINGERS

Medical Cannabis: Can Cannabis Help Prevent Diabetes? New Study Shows Potential Benefits

Leaked Documents: Czech Republic Plans To Set Up Legal Recreational Cannabis Market

New Product: Snoop Dogg Launches 2Pac Limited Collection Honoring Legendary Rapper Who Gave Him His First Blunt

Elizabeth Warren And Jonathan Van Ness: Prevent Corporations Like Amazon, Booze And Tobacco From Taking Over Cannabis Industry

Cannabis Stocks: Ascend Wellness To Issue $235M Of Senior Secured Notes To Prepay $215M Under Term Loan

ONE MORE FOR THE ROAD

Cannabis Concentrates Brands with Strong Growth: Acquisition Targets Amid Industry Consolidation

Briefly: As the cannabis industry consolidates, certain cannabis concentrate brands are standing out as prime acquisition targets due to their strong growth.

So: Products like concentrates are appealing for their potency, flavors, and premium pricing, making them attractive in oversaturated markets. Brands like Goodlyfe Farms in Michigan and Happy Valley in Massachusetts are among the top performers, with significant sales and potential for future growth.

Why It Matters: This trend is leading to increased interest from larger companies looking to acquire these successful brands.

For more details, check out the full article here.

PRESENTED BY CANNABIS CAPITAL CONFERENCE

Join us on October 8th and 9th in Chicago for the world's largest gathering of cannabis investors - happening just ONE month before the Presidential election.

Buy your tickets, apply to exhibit or become a sponsor here.

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Ring The Bell: Created for market enthusiasts by market enthusiasts, this twice-daily newsletter delivers top stories, fast movers, and hot trade ideas straight to your inbox. Subscribe here.

Future Finance: Where fintech, crypto, and the future of finance collide. Future Finance is a perfect lunch read packed with quick bites for industry enthusiasts. Subscribe here.

Real Estate Weekly: Where we highlight the movers and the losers, the upgrades and the downgrades, the top stories and opportunities in the trillion dollar REIT and real asset industry. Subscribe here.

Mining Weekly: Get an insider's edge with news, analysis, and commentary on what’s shaping the mining and commodities industry that powers the global economy. Subscribe here.