🍔 The Burger King Meeting

NYC mayor meets illicit cannabis sellers over a Whopper. Plus, how to make your cannabis business more attractive for investors in 2024.

Happy Monday, Cannabin-vestors! NYC Mayor Eric Adams held a face-to-face meeting with a group of individuals who've taken to congregating at a Burger King just several blocks from City Hall — an area dubbed by some as an “open-air drug bazaar.” Here’s what they talked about over Whoppers.

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

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TOP STORY

Open shop

Briefly: As anticipation of possible federal cannabis reform builds, cannabis companies are figuring out ways to stay afloat and attract investors.

So Basically: Recent events — including President Biden’s brief mention of cannabis reform in the State of the Union speech and VP Kamala Harris‘s recent plea to the DEA — have investors eagerly anticipating word on rescheduling.

So Then: Amid this uncertain environment, cannabis companies are figuring out ways to stay afloat and attract investors.

So What? Suggestions and ideas on how to do that are on the docket at the upcoming Benzinga Cannabis Capital Conference this April 16-17 where industry insiders like Morgan Paxhia of Poseidon Investment Management and John Darwin of Luminous Capital will share their vast experience.

WHERE DEALS GET DONE

The Benzinga Cannabis Capital Conference is where deals get done.

With 2,000+ decision-makers in one room, attendees have the chance to engage in a year's worth of networking in just two days. More than 100 CEOs and 200 Investors confirmed for Investment and Branding on April 16th - 18th at The Diplomat Beach Resort in Hollywood, FL.

Boris Jordan, executive chairman of Curaleaf, to deliver Keynote Speech.

ZINGERS

Cannabis dispensaries outnumber McDonald's across U.S.: 'It's all about location'

Auxly Cannabis Group reported record net revenues of CA$101.1 million ($74.3 million) in 2023, representing an increase of 7% compared to 2022.

Japan reported a historic surge in cannabis-related criminal investigations in 2023, with 6,482 cases marking an unprecedented increase.

Weedmaps CEO will share revenue growth tips from first-hand experience at Benzinga Cannabis Conference

ONE FOR THE ROAD

Buenos Aires Party GIF by /////MONOARTCHIVES//////

Briefly: Comprehending cannabis stock dynamics is vital for investors. Florida's burgeoning market offers a unique chance for those poised to seize emerging opportunities.

So Basically: At Verano Holdings, Aaron Miles, boasting over two decades of financial expertise, leads as the chief investment officer, steering the company through this transformative landscape.

So Then: Guided by Miles's strategic vision, Verano has reached an impressive valuation, showcasing resilience and growth, especially in a burgeoning market like Florida.

So What? With a wealth of experience spanning over 20 years in financial and capital markets, Miles propelled Verano to a valuation of $2.1 billion, showcasing a promising trajectory despite market fluctuations.

What Next: Get a chance to meet Miles in person at the upcoming Benzinga cannabis event in Florida on April 16 and 17, 2024.

WHERE DEALS GET DONE

The Benzinga Cannabis Capital Conference is where deals get done.

With 2,000+ decision-makers in one room, attendees have the chance to engage in a year's worth of networking in just two days. More than 100 CEOs and 200 Investors confirmed for Investment and Branding on April 16th - 18th at The Diplomat Beach Resort in Hollywood, FL.

Boris Jordan, executive chairman of Curaleaf, to deliver Keynote Speech.

KEEP READING

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