Happy Thursday, Cannabis Investors! 3 in 10 marijuana shoppers are in a committed relationship with their “buds” and never change their weed retail choices. Learn about strain loyalty here.

Plus, weed giants Tilray and Curaleaf are ramping up their presence in Europe. Here's why.

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TOP STORY

VP Harris Will Meet Rapper Fat Joe And Others Pardoned By Biden For Cannabis Convictions

Briefly: U.S. Vice President Kamala Harris plans to meet rapper Fat Joe and several people pardoned by the Biden administration for marijuana-related convictions for a White House public discussion about criminal justice reform.

So Basically: The meeting follows President Biden’s cannabis reform promise in his State of the Union speech last Thursday. Biden reiterated his stance that no one should be incarcerated for possessing cannabis.

So What? Five-time Grammy nominee Fat Joe is a proponent of criminal justice reform. Harris aims to gain deeper insights by reaching out to federal cannabis offenders pardoned in October 2022 and December 2023.

Click here to read more.

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.

Don't be the ONLY cannabis leader missing this event.

ZINGERS

$250k in “the garbage”: Disabled combat veteran slams NJ Cannabis Commission for ignoring her for 2 painful years

Verano Holdings worth $2.1B, outprices its expected 2024 earnings

POSaBIT aims to enhance trading liquidity in cannabis after Hypur Deal, CEO calls it 'a natural continuation of plan'

Planet 13 stays green amid $23M revenue and red ink, Q4 2023 financial results

ONE FOR THE ROAD

MariMed Wholesale Revenue Up 48% Driven By Top Marijuana Brands: Why Is This Weed Stock Undervalued?

Briefly: MariMed, a notable player in the U.S. cannabis market, recently reported its financial results and guidance.

So Basically: In a detailed analysis, Pablo Zuanic, senior analyst at Zuanic & Associates, highlighted the company's position in a competitive market.

Specifically: Despite trading at 4.6x EBITDA — below the Multi-State Operator average of 7.3x — MariMed's brand portfolio shines, boasting a 48% increase in wholesale revenue for 2023 and projecting over 20% growth for 2024.

So What? The company's adjusted EBITDA is anticipated to be around $25 million, slightly up from the previous year, but still under the expected $38 million.

Click here to read the full analyst report.

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.

Don't be the ONLY cannabis leader missing this event.

KEEP READING

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