Happy Tuesday, Investors! New York is grappling with a new controversy as accusations swirl around social media giants Google and Meta allegedly playing a role in aiding illicit pot shops.

Plus, our cannabis chart of the week looks at EBITDA expectations for 2024.

Also, 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

Exclusive: AI's Role In The Cannabis Industry

Briefly: The Benzinga Cannabis Market Spotlight event ended with a panel discussion featuring X’s cannabis chief Alexa Alianiello, Wendy Berger of Green Thumb Industries‘ board and Poseidon co-founder Emily Paxhia.

What Happened: These prominent women delved into the current California trends, challenges and innovations shaping the cannabis industry, providing invaluable perspectives on its developing landscape.

So Basically: Alianiello introduced “Grok,” an AI chatbot designed to analyze platform data, offering a glimpse into the future of data-driven decision-making in the cannabis world.

So Then: To prove her point, Alianiello had Grok give her an answer to the question: “How will technology and advancements influence the cannabis market?”

Why It Matters: “As a platform where people can share their thoughts. And experiences, X helps to shape the public perception of cannabis.” Alianiello said.

Click here to read more

A MESSAGE FROM OUR PARTNERS

FIVE ZINGERS

Congresswoman Barbara Lee says marijuana rescheduling could hinder legalization for 'another 50 years'

U.S. Cannabis Council teams up with Curaleaf on National Donation Drive for legalization

LSD microdosing for depression? This clinical study reveals promising results

House bill to remove cannabis as obstacle to federal employment faces record-keeping complications

Product recs: The best marijuana smoking devices for cannabis without the cough

ONE FOR THE ROAD

Cannabis Stocks Gear Up For Germany's New Market: Check Out Who's Set To Win Big

Briefly: Following Germany's vote this past Friday to legalize limited cannabis possession, cannabis stocks got a significant boost before leveling out.

What: In an email to Benzinga, analyst Pablo Zuanic noted that despite online clinics and pharmacies making access easier, there are still very few medical marijuana patients in Germany — though with the new regulations, there’s enormous growth potential.

Who: Canadian exporters Tilray and Aurora, said Zuanic, are among the best positioned to benefit as they are already major players in Germany.

What Next: Zuanic pointed to Florida, where now more than 3.5% of the population uses medical cannabis. "If even 1% of Germans do the same, the German market could explode to €1.7 billion ($1.84 billion) by 2025! That’s 10 times the current size," he said.

Click here to read more

A MESSAGE FROM OUR PARTNERS

KEEP READING

Before you go, be sure to subscribe to our other newsletters:

Ring The Bell: If you have to pick just one daily financial newsletter, it’s not a choice. Subscribe here.

The Street Sheet: A Wall Street cheat sheet, delivered every Sunday directly to your inbox. One-click subscribe here.

Future Finance: TradFi is tired. Wake up to the future of finance with this midday fintech and crypto letter. Subscribe here.

The Flag: Top takes from Washington to Wall Street impacting policy and your portfolio. One-click subscribe here.