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Investor Ideas #Potcasts 631, #Cannabis News and #Stocks on the Move- #420 Roundup
Investor Ideas #Potcasts
631, #Cannabis News and #Stocks on the Move- #420 Roundup
Delta, Kelowna, BC, April 21st, 2022 (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.
Watch today’s
potcast on YouTube
https://www.youtube.com/watch?v=ucALpcZWc7E
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at https://www.investorideas.com/news/2022/cannabis-potcasts/04221420-Roundup.asp
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Today’s podcast overview/transcript:
Happy Belated 4/20!
In today’s podcast we will be looking at a few different reports and news
articles focussing on where the cannabis industry is today, where it’s going
and how this year’s 4/20 highlighted some of these findings.
Looking
at a new report from New Frontier
Data titled “Cannabis Consumers in America: Dynamics Shaping
Normalization in 2022” we see that “Across both legal and illicit markets,
consumption patterns are normalizing to where demographic variables such as age
and gender are more influential than market legality in predicting behaviors
that are increasingly routine. The report’s findings concluded that cannabis
consumers are becoming more intentional with the plant’s use, and the primary
reasons for consumption now span relaxation, pain management, improving sleep
outcomes, treating medical conditions and improving overall wellness.
Since
2018, New Frontier Data has surveyed more than 20,000 consumers to benchmark
and analyze cannabis consumer behavior for endemic and non-endemic
organizations.
“Cannabis is no longer a one-size-fits-all
industry,” noted Gary Allen, CEO, New Frontier Data. “It’s now a commercial
imperative for brands, retailers and operators to do the homework required to
understand their ideal customer, why they consume and what products they
prefer.”
In the
report it was stated that “With combined U.S. legal and illicit sales estimated at $97 billion in 2021, can-
nabis consumer demand in America now
exceeds what the nation annually spends
on spirits, and roughly matches what it
spends on beer. Continued strong growth in legal demand, which is expected to serve
most U.S. demand by 2030, is driving
surging interest in cannabis among CPG
companies, investors, and entrepreneurs
alike.”
“Furthermore,
as science continues to affirm the comparative health effects of alcohol and tobacco relative to
cannabis, and social acceptance of cannabis increases, more consumers will expectedly substitute
cannabis for alcohol in the coming years, and in the process, increase the acceptability and use
of cannabis in American social society.”
Some of
the other key takeaways from the report were:
●
Nearly half (46%) of all survey respondents
report using cannabis daily as product selection expands with more convenient,
discreet and precise consumption methods.
●
Flower accounts for half of all legal sales
nationally, but the majority of consumers are now using non-flower products, as
the quality and selection of products expands.
●
The collective curiosity of consumers to
try new forms of cannabis is fueling product innovation and highlighting the
importance of targeted brand and loyalty strategies.
●
Positive outcomes from medical cannabis use
are driving increased acceptance as half of medical cannabis patients report
their conditions improved significantly and 93% report at least some
improvement.
The
report also included that “Cannabis consumers were more than twice as likely to self-identify as LGBTQ
compared to the general population. The
overindexing of cannabis use within the LGBTQ community presents an
opportunity for further research into
why cannabis use is so much higher among that group, and for brands to
understand the importance of the LGBTQ
community in their consumer bases. While
Pride Month has become a major
celebration on the U.S. retail calendar,
given the large representation of the
LGBTQ community in the cannabis consum- er base, cannabis brands and
retailers would be advised to consider
opportunities to serve the community not
just during Pride Month, but throughout
the year.”
The
report also conlcluded that “With more
than half of the country now living in states
where cannabis is legal in some form, and with an additional 18 states poised to legalize
either medical or adult-use programs over the next decade, nearly all Americans (96%) could be living in
legal cannabis markets by 2030.”
Another
sign pointing to renewed interest in the cannabis industry was with Roundhill Investments who announced its debut of its cannabis-themed
exchange-traded fund yesterday.
The Roundhill Cannabis ETF (WEED)
will invest in exchange-listed equities and total return swaps that have
exposure to the cannabis and hemp markets, according to a filing
with the U.S. Securities and Exchange Commission. It will be listed on the Cboe
BZX Exchange.
“While publicly-listed cannabis
companies have recently underperformed, we believe that the cannabis market may
be entering an inflection point in terms of both profitability and regulatory
momentum,” Will Hershey, Roundhill’s chief executive officer, said in a
statement. “WEED allows for U.S. retail and institutional investors to gain
exposure to U.S. operators, potentially in advance of positive legislation.”
Pot ETFs have grown in popularity on
Wall Street over the last two years, with the market for cannabis and
psychedelic funds pulling in about $2.3 billion in 2021, up from $686 million
the year before, according to data compiled by Bloomberg.
The uptick came as more U.S. states
adopted the legalization of marijuana for medical or recreational purposes. So
far, 37 states have legalized
marijuana for medical use, while 18 states
and Washington D.C. have legalized it for recreational use, according to the
National Organization for the Reform of Marijuana Laws.
In recent news in Germany yesterday, at least
500 pro-legalization protesters gathered in front of Berlin's Brandenburg Gate
to try to urge the government to move forward with its plans to decriminalize
the drug.
It was
Chancellor Olaf Scholz's new government who last December announced that
"We will introduce the controlled distribution of cannabis to adults for
recreational purposes in licensed stores," the government promised, before
detailing its reasons. "This will ensure quality, prevent the
proliferation of impure substances and guarantee youth protection. We will
evaluate the law's social consequences after four years."
After
more than five months and there has still been no word or timetable about when
legal stores might be opened, pro-cannabis activists are getting impatient at
what they consider unnecessary foot-dragging. After all, the Green Party, now a
part of the government coalition, has already presented a draft law to the
Bundestag in the last few years and seen it defeated.
"All
they have to do is sign it," said Martin Montana, dressed in a suit
decorated from head to foot with florescent green marijuana leaves.
"What's important is protecting young people, making sure it's not dealt
in schoolyards — all that's logical, just like with alcohol."
Montana
is a former soldier who said he used cannabis to cope with the symptoms of
post-traumatic stress disorder. "I need it to control my flashbacks, and
for the last 20 years I've managed to do that," he said. "I just want
to do that peacefully and legally."
If
you’re in New Jersey, 4/20 starts today as starting today adult-use marijuana
sales are now legal in the Garden State, opening the doors to what analysts
believe could be a $2 billion market by 2025. It’s been a long wait for New
Jersey’s proponents of recreational cannabis: Voters in the state first
approved a ballot measure legalizing recreational marijuana sales in Nov. 2020,
and Gov. Phil Murphy signed the bill into law in Feb. 2021.
Delays
in establishing a regulatory framework for the industry have left consumers
waiting more than a year for the moment when anyone over the age of 21 can walk
into one of the state’s dispensaries and walk out with legally purchased
cannabis.
So now
after a long wait, New Jersey’s dispensary owners are expecting today’s launch
to have something of “a celebratory aspect to it, for sure,” Joe Bayern, CEO of
cannabis company Curaleaf, tells CNBC Make It. “People just want to be part of
the experience and learn and come from an educational standpoint, to see what
it’s all about.”
In
another recent news article, 60 year old Michael
Barrows was one of dozens of people who lined up before dawn to join the
celebratory scene.
“It’s
pretty amazing, exciting and if I get pulled over on the way home and I’m ever
asked if I have any drugs in the car now I’m allowed to say only this,” Barrows
said, holding up the canister of marijuana flower he had just purchased. Possession
of cannabis is legal now in New Jersey, though driving under the influence is
still prohibited.
Barrows,
joined a steady stream of other novelty seekers, longtime marijuana users and
medical patients at RISE in Bloomfield, near the state's biggest city, Newark,
and not far from New York City.
Hagan
Seeley, 23, said “It feels right. It feels safe. It feels like everything you’d
want it to be rather than anything you could get anywhere else.”
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