Happy Monday, Cannabis Investors! Sam Adams says hold my beer — claps back against the narrative that cannabis is cannibalizing alcohol sales.

Plus, check out our exclusive interview with Wana Brands co-founder and CEO Nancy Whiteman from the Benzinga Cannabis Capital Conference.

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

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TOP STORY

The 'Apple Store Of Weed' Declares Bankruptcy

Briefly: MedMen Enterprises has thrown in the towel, citing financial conditions and an inability to pay its debts.

Back Up: MedMen opened one of California's first retail cannabis stores in 2018 in West Hollywood after recreational cannabis laws went into effect. That same year, its stock was given a $3 billion valuation.

But Still: Despite MedMen's early success, it faced numerous challenges in the form of legal battles, failed acquisitions, high losses and stiff competition from both the legal and illicit cannabis markets.

What Next: More information regarding the bankruptcy proceedings can be obtained from the bankruptcy trustee's website.

Click here to read more.

PRESENTED BY GUNDRY MD

How do you take your coffee?

There are two different types of coffee drinkers in this world. Those who like to drink their coffee black. And those who like to add a little cream.

According to Dr. Steven Gundry, one of these options is more likely to disrupt digestion, and it might surprise you.

Check out his video to see how he recommends consuming coffee (and keep on watching for some other key digestive tips!)

Watch Now.

ZINGERS

Exclusive: California Legacy Cannabis Company Is Buying Weed-Infused Snack Producer

Federal Court To Cannabis Pilot: No More Transporting Weed Around Alaska, FAA Revokes License Though Pot Is Legal There

GOP Lawmakers To Kansas: No Medical Marijuana, No Expanded Medicaid And No More Debate Until Next Year

Trump 'Took Marijuana Reform Backwards' While President, Says Biden Reelection Campaign

Cannabis Users 'Are Not Lazy Or Lacking Motivation At All' Even While High: University Of Toronto Study

ONE MORE FOR THE ROAD

Trump And Biden Supporters Are Worlds Apart On Everything Except For This One Issue

Briefly: 88% of Americans from both parties support legalizing pot yet Biden and Trump have not fully embraced the issue. What are they waiting for?

Biden’s Stance: President Biden took a step toward legalization in August 2022 by directing the HHS to review marijuana’s classification as a controlled substance. Still, advocates are pushing for fully de-scheduling marijuana.

Trump’s Stance: Former President Trump’s remarks reflect a mixed position. Nearly a year ago, he called cannabis "a pretty popular thing" among voters, but earlier said mass shootings were "not a gun problem” but due to “genetically engineered” cannabis.

Quoted: According to Morgan Fox, director of the National Organization for the Reform of Marijuana Laws, "Any candidate that actually wants to get ahead — whether it’s in the presidential election in Congress or state legislatures or local legislators — if they ignore this issue, it’s going to be at their peril.”

Click here to read more.

KEEP READING

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