Happy Tuesday, Cannabis Investors! German Chancellor Scholz gave a surprising reason for Germany’s recent cannabis legalization: “We want fewer people to consume cannabis.” 

Plus, who's who in cannabis: Latest executive changes in the industry you should know about.

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

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TOP STORY

Mike Tyson And Royal Queen Seeds Takeover Times Square For 4/20 Countdown

Briefly: Legendary boxer turned cannabis entrepreneur Mike Tyson and marijuana seed bank Royal Queen Seeds are taking over the famous One Times Square billboard in New York City.

Whar To Expect: The billboard takeover will take place from 4:10 – 4:19 p.m. with the countdown lasting 60 seconds until the clock strikes 4:20 p.m.

Back Up: Tyson recently brought his cannabis products to his home state of New York, where the market is rapidly expanding following recent legalization efforts.

What Else: Yesterday, Tyson’s TYSON 2.0 brand and Carma HoldCo announced a partnership with multinational pharmaceutical company PHCANN to exclusively cultivate, manufacture and distribute TYSON 2.0 branded THC products across Germany and the U.K.

What Next: The event is taking place on the heels of the Benzinga Cannabis Capital Conference in Florida today and tomorrow where Mike Tyson and his sidekick Ric Flair will be speaking on a panel.

Click here to read more.

ZINGERS

Agrify Cannabis Cultivation and Tech Company's full-year earnings mark major positive comeback

Cannabis companies clash with Justice Department over Fed prohibition in major trial, seek oral arguments

Missouri's $2B marijuana market hits record sales in March, eyes future growth with microbusiness licenses

Your next weed promo could go viral: How CannaCribs' creator is shaping social media with influencer marketing

Exclusive: Green Check, Brinks-Owned PAI forge partnership to expand ATM access for cannabis businesses

ONE FOR THE ROAD

Marijuana Investors Bet Big On Long-Term Growth Over Short-Term Earnings As Market Value Rises By 39%

Briefly: Over the past year, the majority of the 14 major cannabis companies have seen their market value increase compared to their expected earnings.

So Basically: Recent data from the Viridian Cannabis Deal Tracker highlights significant changes in the valuation multiples of major multi-state operators in the cannabis sector.

So Then: 11 out of the 14 companies analyzed have seen their valuation multiples rise, with increases ranging from 3% to a remarkable 70%.

So What? As a group, these cannabis companies have seen their overall market value rise by 39%, indicating they're now valued higher compared to their future profits.

Click here to read more.

KEEP READING

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