TGIF, Cannabis Investors! U.S. politics are unprecedently polarized, and the issue of legalization is no exception. Check out the fascinating contrast in attitudes toward cannabis legalization across the aisles.

Plus, the controversial bill restricting substance-related social media posts was approved in Colorado.

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

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TOP STORY

Exclusive: Focus On Selling Numbers, Not Dreams

Briefly: Poseidon Investment Management co-founder Morgan Paxhia broke down what makes cannabis a good investment at the Benzinga Cannabis Capital Conference.

So Basically: "Not trying to always be the next unicorn is okay… it’s actually great," Paxhia said at the event on Wednesday.

In Fact: "Selling a cannabis business and then building a new one from scratch is not a bad idea. We need to see good investments being made, entrepreneurs being realistic about the valuations and building good companies… and not being afraid to hit the bit," he added.

Specifically: The first thing to look at when investing in a company is if it’s new, or if it’s "already made some mistakes," said Paxhia, going on to suggest it’s best to invest in the latter.

Find out why here.

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Manifest Your Mind

Bluestem API Inc. is a therapeutic psychedelics company with an emphasis on botanical psilocybin, technology, and service delivery. 

Our subject matter experts are focused on developing innovative and integrated verticals across R&D, production, clinics/retreats, and digital platforms to support patients and practitioners alike. 

Our unique solutions harness the potential of these compelling compounds to treat illness while also helping people thrive in their relationships and communities - ultimately flourishing as their best and truest selves. 

Whether you're struggling with mental illness or addiction, are simply looking to improve your well-being, or if you work/invest in health and wellness, follow us on LinkedIn for exciting updates and opportunities, to connect with our team, and to explore the transformative power of this emerging industry.

Click here to find out more.

ZINGERS

Ben & Jerry's says marijuana legalization without justice is half-baked, pushes for record clearing in Arizona

Cannabis consumption, legal or not in your state: Everyone seems to be consuming at equal rates, poll finds

The Blinc Group leadership charts future of cannabis vaping on Benzinga Podcast

USDA hemp market report shows stability and growth amid challenges

ONE FOR THE ROAD

Kentucky Governor Announces Lottery To Award Medical Marijuana Licenses

Briefly: Kentucky Governor Andy Beshear unveiled plans yesterday to utilize a lottery system for granting initial licenses to businesses vying for entry into the state’s medical marijuana industry.

What Happened: Speaking at a press conference, Beshear called the lottery approach a fair way to give all qualifying applicants an equal opportunity to receive a license for the program, which is expected to launch in January 2025.

Why It Matters: Set for this coming October, the lottery should remove any temptation to lobby for “a leg up in different ways that we don't want to see," Beshear said at his weekly press conference.

What Next: Kentucky will initially issue 48 medical marijuana dispensary licenses, divided among 11 regions around the state, to ensure the shortest possible drive times for Kentuckians with qualifying health conditions.

Click here to read more.

KEEP READING

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