Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move: (OTCQX: $GRAMF), Holy Roller, #Legalisation Efforts in the #US and #Europe and #CannabisSeizures
Delta, Kelowna, BC, March 24, 2023 (Investorideas.com Newswire), investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
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Today’s podcast overview/transcript:
In today’s podcast we go over a few industry announcements, legalisation efforts in the US and Europe and the continuation of cannabis seizures.
TPCO Holding Corp. (The Parent Company) (NEO: GRAM.U) (OTCQX: GRAMF), a leading consumer-focused California cannabis company, announced the exclusive launch of Cruisers, a new all-FUN, no-frills brand that puts consumers first and offers everyday value on premium cannabis products. Cruisers combines the Company's existing brands, Fun Uncle and DELI, streamlining these top-performing products into a single consumer-centric destination. By skipping the doldrums of the daily grind, Cruisers transports consumers to that carefree place where the bowl is always full. The weed wizards at Cruisers combine high-quality with tasty custom flavours for good times only. Cruisers launched statewide in California on Wednesday, March 22nd, with prime availability in all The Parent Company-owned retail locations.
Providing high-quality distraction from the ordinary, Cruisers offers budget pricing for various cannabis products in all key categories, including best-selling distillate and live resin vapes, whole flower, gummies, and preroll products, including the debut of Cruisers' new infused prerolls. Infused prerolls, one of the fastest growing categories according to Headset, will be available in the 1g single and the extremely popular 5-pk mini formats. Cruisers' new vape products utilise the same unique formulas and flavours that made Fun Uncle the #1 selling value ($20-$30) vape in California, according to BDSA data. Additional products offered at the brand's launch include the new Cruisers' 1g Infused single pre-rolls featuring high-THC distillate and a kief coating in flavours like Blueberry Cookies, Strawberry Gelato, and Maui Wowie.
"I am thrilled to announce the launch of Cruisers. Combining Fun Uncle and DELI, which are two of our most beloved and disruptive brands, Cruisers will continue to feature high-quality products at a competitive, value price point. In our retail locations, Cruisers will be the best priced offering in every category it plays in," said Troy Datcher, CEO & Chairman of the Board at The Parent Company. "The new brand name was inspired by Fun Uncle "Cruisers" Vapes, which quickly became the #1 selling vape in the value segment. As we continue to prioritise building our portfolio of top-tier brands, we are committed to serving our customers' most essential needs through innovative and consistent brands."
To celebrate the launch of Cruisers, the Company will host "All Fun Fridays" in-store activations at Caliva San Jose, Varda Pasadena, Calma WeHo, and Coastal Santa Barbara starting today, Friday, March 24th. All Fun Fridays run every Friday from March 24th through April 14th and will feature branded swag giveaways and in-store promotions.
GreenBroz Inc., the leader in post-harvest processing technology, has announced the Holy Roller, an evolutionary leap in high-capacity pre-roll machines. It can produce 3000+ cones per hour with unrivalled fill accuracy and consistency.
The Holy Roller is the product of extensive R&D by an engineering team with over three decades of experience in cannabis and automated packaging. The machine achieves an impressive output rate with unmatched consistency and only a .0012 density variance. This is over 10x more precise than any other pre-roll machine on the market.
"When we decided to pursue automation of making the perfect joint, we knew we needed something designed with the real-world properties of cannabis in mind," said Cullen Raichart, GreenBroz CEO.
"We focused on consistency, which is the lifeblood of your brand, and on what consumers desire: pre-rolls packed densely and evenly and filled with a coarse grind for proper airflow. We are proud to release a machine that delivers all of those qualities, producing cones that are not only identical but provide the same great user experience every time."
To achieve superior accuracy and efficiency, the Holy Roller uses active weighing technology and proprietary cannabis separation technology, eliminating discrepancies in cone fills and cutting down on clogs. Pre-roll producers will be able to make joints ranging from .35 grams to a full gram with one universal cone, which allows them to fulfil multiple product SKUs and streamline ordering, storage, and inventory.
The Holy Roller is the only commercial cone-filling machine on the market engineered to accommodate whatever grind size the operator chooses to use, including the 3mm grind, the optimal particle size for smokability and flavour.
"Getting a better understanding of what's happening inside pre-rolls when consumers smoke them is vital to improving quality. After extensive airflow testing, we have found that the 3mm grind allows the air to travel through the length of the cone more efficiently and burn evenly, giving consumers a smoother smoking experience," said Raichart.
"The Holy Roller is a real game-changer and gives pre-roll producers an edge in the highly competitive market, providing them with the perfect mix of quality, quantity, uniformity, and airflow to position their brand as a leader in consistency."
To accommodate different operational needs, the machine is available in 2 or 4-lane variants.
A recent article from Marijuna Moment, discussed how The Wine & Spirits Wholesalers of America (WSWA) has officially endorsed the legalisation of marijuana at the federal level and has released a policy paper that outlines regulatory priorities to support this effort.
The association suggested that regulations for marijuana should follow the model of alcohol regulations to promote industry competition, innovation, and public safety. WSWA acknowledged that federal regulations should not replace state-established regulations entirely, but some level of federal oversight and taxation could help support state programs and promote normalisation of the cannabis industry.
“Americans have confidence in our regulated alcohol system and our experience can benefit lawmakers creating a U.S. adult-use cannabis market,” WSWA CEO Michelle Korsmo said in a press release on Friday. “WSWA members have successfully partnered with suppliers and distributed socially sensitive products to locally licensed retailers for the last century.”
“The U.S. alcohol marketplace is the safest and most diverse in the world because of the smart and enforceable federal regulatory model that ensures product integrity, efficient tax collection and public safety,” Korsmo said.
WSWA detailed four key principles for federal oversight of an adult-use marijuana supply chain:
1. The federal permitting of cannabis producers, importers, testing facilities and distributors.
The association said states should manage licensing for marijuana retailers, but it recommended that the federal government require permits for cannabis producers, importers, testing facilities and distributors through the Department of Treasury’s Alcohol and Tobacco Tax and Trade Bureau (TTB).
2. The approval and regulation of cannabis products.
New cannabis products should be subject to pre-market approval and federal registration, also through TTB, the association said. That would support existing quality control policies that are in place at the state level.
A standardised label should be included on all marijuana items, too. They should feature information, at a minimum, about the product name, THC potency, net content, producer name and address, a government health warning and the country of origin (for imports).
3. The efficient and effective collection of federal excise tax.
WSWA advised that a federal excise tax should be imposed for cannabis products at the producer or importer level, and it should be based on potency just as beverages are taxed based on alcohol concentration. The taxes should be payable to TTB on a semimonthly basis.
4. Effective measures to ensure public safety.
With respect to public safety, the association focused on deterring impaired driving, and it said that lawmakers should prioritize collaborative partnerships with law enforcement and researchers to develop technology that can identify active impairment from cannabis while also funding training for drug recognition experts on the roads.
WSWA, which came out in support of states rights to legalize cannabis in 2018, ended its policy brief by explaining why it’s taking this step to advise on federal reform. Since the end of alcohol prohibition, a “safe and economically vibrant marketplace has developed—one that serves the dual needs of regulators and consumers,” it said.
“While individual regulations have been modified over time, the basic federal regulatory structure of permitting and tax collection has stood the test of time,” WSWA’s paper, which was noted earlier by Politico, says. “As policymakers consider the future of adult-use cannabis, we believe it is important to share the learnings of our industry. America’s wine and spirits wholesalers are a proud part of this system and believe that the principles outlined here can be extended to a national adult-use cannabis system.”
In news from Europe we see a renewed push for legalisation efforts as Germany is expected to introduce a bill to legalize marijuana in the coming weeks. Marijuana is largely decriminalised in Germany, but the bill would declassify cannabis as a narcotic, allowing citizens over age 18 to carry up to 30 grams, or just over one ounce, for personal use. Residents would also be allowed to legally grow up to three marijuana plants in their homes and cannabis products could be sold in licensed stores.
Meanwhile in Zurich, both the city and the University of Zurich will launch a study titled “Züri Can—Cannabis with Responsibility” that will examine the possibilities and effects of the regulated sale and consumption of the drug among a test group of 2,100 residents.
Switzerland has allowed the sale of medical cannabis with less than 1% THC since 2011. The country decriminalized recreational cannabis possession in 2013, but even consumers caught with less than 10 grams (.35 ounces) can still be fined.
The authors of the Zurich study hope to provide real-world evidence to support policy making efforts. The results could help draft regulations based on levels of cannabis usage that promote individual and public health and safety. Similar studies with universities are planned to roll out in the coming months. Those studies will run across Switzerland including in Basel, Bern, Lausanne, Geneva, Biel, Thun, Olten, and Winterthur.
France is also undergoing a trial program expected to be complete by March 2024, providing free medical marijuana treatment to 3,000 patients. The country currently only allows cannabis-derived medicines for medical purposes and has a strict approach to recreational use. The country’s policies have mellowed, though. In 2018, France passed new regulations that reduced the penalty for possession of marijuana to a fine of approximately 200 euros.
Lastly, we look at cannabis related seizures, and why this continues.
In recent news, last week on March 18, 2023, as a result of the vigilance of staff members, a package containing contraband and unauthorised items was seized on the perimeter of the Federal Training Centre, a multi-level security federal institution.
The contraband and unauthorised items seized included 177 grams of marijuana, 119 grams of hashish, 5 grams of cocaine, 4 grams of cannabis wax, and 441 grams of tobacco. The total estimated institutional value of the items seized is $47,124.
The Correctional Service of Canada (CSC) uses a number of tools to prevent drugs from entering its institutions. These tools include ion scanners and drug-detector dogs to search buildings, personal property, inmates, and visitors.
CSC is heightening measures to prevent contraband from entering its institutions in order to help ensure a safe and secure environment for everyone. CSC also works in partnership with the police to take action against those who attempt to introduce contraband into correctional institutions.
CSC has also set up a telephone tip line for all federal institutions so that it may receive additional information about activities relating to security at CSC institutions. These activities may be related to drug use or trafficking that may threaten the safety and security of visitors, inmates, and staff members working at CSC institutions.
The toll-free number, 1–866–780–3784, helps ensure that the information shared is protected and that callers remain anonymous.
In B.C. news, The Community Safety Unit from the Ministry of Public Safety and Solicitor General in British Columbia, Canada, recently confiscated virtually the entire stock of the Victoria Cannabis Buyers Club.
The Club's founder, Ted Smith, stated that between $80,000 and $100,000 worth of products were taken. The Club serves about 3,000 people per month, many of whom rely on its products for a range of medical conditions.
“People count on our medicines for a range of conditions from cancer to chronic pain to epilepsy, arthritis, diabetes.”
The Community Safety Unit is responsible for enforcing the Cannabis Control and Licensing Act and focuses on the illegal production and sale of cannabis.
Investigations result from “proactive strategies and in response to complaints received from the public, government agencies, police, legal market operators and others,” the ministry said in a statement.
“All along, the aim has been voluntary compliance, and we have been very clear that once legal cannabis retail outlets became operational in a community, the illegal retailers would face enforcement activities from the CSU.”
Smith said the organisation is different from marijuana retailers because it provides a higher level of advice and offers locally sourced products. The Club has been fined $6.5 million for selling marijuana illegally at its previous location on Johnson Street, and the fine is currently under appeal. The organisation is Canada's oldest "compassion club" and has been selling cannabis products openly since 1996.
In January 2020, Victoria council passed a motion supporting the club’s request for an exemption from the province’s cannabis regulations, which came as the club was advocating for changes to the rules regarding the production and sale of medical marijuana.
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