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Green Market Report: Marijuana Money, Aug. 17

The big news this week was the $5 billion investment by alcohol company Constellation Brands (STZ) into Canopy Growth (CGC). Constellation made an earlier investment in the company late last year and this recent move brings its total ownership up to 38%. Constellation also paid a premium for its shares. Canopy plans to use the money for strategic expansion into other countries.

That wasn’t the only big deal this week.

The longtime Bay Area Harborside dispensary which is actually a company called FLRish Inc. is entering into a binding letter agreement with  Lineage Grow Company Ltd.  (CSE:BUDD) for a reverse takeover in a deal valued at C$200 million. Lineage will acquire all of the outstanding shares of Harborside in exchange for newly issued shares of Lineage.

C21 Investments Inc. (CSE: CXXI)  has entered into an agreement to acquire Oregon-based premium cannabis edible companies Grön Chocolate and Grön Confections. The deal is expected to close by November 1, 2018. C21 has agreed to pay Grön unitholders $6.8 million plus the bonus earn-out shares of $4.375 million

Cronos Group (CRON) stock popped over two percent in early market trading after the Canadian cannabis reported that its revenue for the second quarter jumped 428% to $3.4 million. It was an increase of $2.8 million over the previous year’s quarter.

The main drivers behind the revenue increase were an expansion in patient onboarding, an increase in average sales price and the strong growth in cannabis oil sales. Second quarter cannabis sales were responsible for 40% of the company’s domestic medical sales.

The Green Organic Dutchman (TGODF) reported its quarterly results that demonstrate the company is still in a phase of ramping up as there are no sales to report as of yet. The net loss for the quarter ending June 30, 2018, was C$8.5 million or C$0.04 per share versus last year’s C$2.3 million loss or C$0.02 per share.

MedMen (MMNFF) reported its unaudited fiscal fourth-quarter sales of $19 million. The sales come from 7 locations in Southern California and do not include the newest store in Abbot Kinney or the store that was just opened in Las Vegas. The company said it would release its full-year audited results in October.

Cowen Research initiated coverage on Tilray Inc. with an Outperform rating and a $34 price target.

Stifel initiated a buy rating on GW Pharmaceuticals (GWPH) and $181 (36% upside) price target citing bullish prospects for Epidiolex.

This article was original posted on GreenMarketReport.com

A Sneak Peak At Massachusetts’ First Recreational Cannabis Dispensaries

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While they haven’t opened yet, the six dispensaries issued provisional retail licenses by the Cannabis Control Commission are waiting in the wings for final pieces of Massachusetts law to be upheld, including the licensing of an independent testing lab.

Other hold ups include the need for employee background checks and building and health inspections, and even though the projected date was missed months ago, Massachusetts is a lot closer to opening its shops now than it was before. So who are these new pot shops and what makes them unique?

Verilife Pharmacann Dispensary gets its name from the Latin root word of “veri” or truth. It’ll be the Cape’s best bet for procuring recreational cannabis as it’s by far the closest location to the vacation hot spot. Their menu boasts a wide variety of topicals, edibles, flowers, pre-rolls, concentrates and vape cartridges, which come in sativa, indica, hybrid and with different THC to CBD ratios.

Triple M’s website optimistically and perhaps realistically projects to be open by fall. With locations in both Plymouth and Mashpee they are bound to do well. The dispensaries are locally owned and operated and their website offers helpful advice as to what to ingest for different kinds to relief or elevation.

NETA or New England Treatment Access in Brookline cultivates their own cannabis and offers a different kind of oil dispenser called D-Line, which reintroduces terpenes into the mix. D-Line gives you precise dabs, enhances joints or even melts right into your morning cup o’ joe. Their interactive menu lets you reserve products ahead of time, so you don’t risk missing out on a favorite.

INSA of Easthampton, currently craft medical marijuana dispensaries also in Easthampton and Springfield, sources, grows and dispenses cannabis in forms to fit unique needs as well. They state that they believe that better is just that, better and they strive to please patients and the community. Their current medical special is $200 ounces, let’s just hope those specials transfer over to the adult use market.

Cultivate is a compassionate outfit that offers discounts to veterans, seniors and those with financial hardships. All of their flowers, edibles and extractions are grown or made on premises. You can pre-register as a patient on their website to beat the rush when these dispensaries finally open to the public.

Alternative Therapies Group in Amesbury was the first medical marijuana dispensary in Massachusetts and now they will be among the first to open recreationally as soon as the stars align for patient imbibers 21 and over. Each dispensary has a unique component, but it’s likely going to come down to location, location, location as to where you go for the adult use cannabis that’s on its way.

The Ultimate Guide To West Coast Cannabis Tourism

Marijuana vacation travel is really taking off, with many desirably dank destinations available for visitation. Plan a pit stop, or a pot stop, the ultimate guide to west coast cannabis tourism.

The Flow Cannabis Institute in Redwood Valley, Mendocino County, California is an 80-acre former winery that is currently developing into a cannabis processing, manufacturing, testing facility as well as a tourist destination.

Flow Kana, is a cannabis distribution company that sources from small sun-grown farmers in Mendocino and Humboldt County. They have distribution hubs across the state, which originate from the Flow Cannabis Institute.

Billed as the world’s first cannabis campus,  Flow Kana’s co-founder and CEO Michael Steinmetz says touring the facility gives people the opportunity to learn how “preserving the immense biological diversity that exists in this Northern California region is key to fighting against the monocropping culture we see moving into the cannabis industry today.”

Amanda Reiman is on the Board of the California Cannabis Tourism Association and is also the Vice President of Community Relations for Flow Kana.

Reiman sees cannabis tourism becoming similar to wine tourism. Urban areas will specialize in tasting rooms and small production facilities, while rural areas where most production occurs will host farm tours, tasting rooms and specialty retail based on regional strains.

“The Mendocino Appellations Project is working on establishing growing regions similar to wine, where the unique qualities of the environment and their subsequent impact on the plant are used for marketing purposes, think the Champagne region of France,” says Reiman.  “I also think that we will see cannabis infused into different tourist experiences. From CBD treatments at health spas, to infused meals and pairing cannabis with everything from wine to yoga, tourism will see an uptick in experiences that are cannabis and something else.”

Reiman is beginning to experience a lot of outside interest from people who want to tour cultivation sites/cannabis farms.

“We do see a lot of interest in farm tours,” she says. “I feel that many folks think touring a cannabis farm is like touring a winery. And while an up-close look at production might be a goal of both, the policies have not caught up to where cannabis is treated like wine, leaving those experiences still quite bare bones. Whereas a winery might have a vineyard in the back and an air conditioned tasting room with a parking lot, bathrooms and food for purchase, cannabis farms, for the most part, are in the hills at the top of long, winding dirt roads. They are not allowed to house tasting rooms or retail and are often an extension of the farmer’s home, which was not built for public tours, in fact, quite the opposite, most of these farms are hard to access by design. “

Handling cannabis plants, or even getting very close to them runs the risk of transferring pests or other contaminants from people’s clothing. And, unlike grapes and other produce that has an acceptable level of pesticides, cannabis in California has a “zero tolerance” pesticide rule. Farmers have to be very careful about maintaining the health of their garden. So having tourists traipsing in, isn’t the best idea. Anyone lucky enough to take a cannabis tour, must be cautious and mindful because it is a privilege, not a right.

Emerald Country Tours and Emerald Farm Tours, both do farm tours and originate in the San Francisco Bay Area and Sonoma, California, respectively.

Emerald Farms Tours has several different options.  Take a four-hour San-Francisco cultural cannabis tour on a limo bus. In addition to hitting historic dispensaries, sightsee all the landmarks of the medical cannabis movement.

On Fridays, EFT does a seed-to-sale tour which explores the business side of the cannabis industry, which includes visiting a nursery, extracts manufacturer, and a few dispensaries, such as world-famous Harborside.

EFT’s newest, most sophisticated offering is a three-day, fully immersive, all inclusive, heritage cannabis tour, that treks deep into the heart of the Emerald Triangle. Leave on a Friday morning from a partner dispensary in the city, then “get on the bus, Gus,” and drive a few hours north of the city, while enjoying a jam-packed itinerary along the way. The stops include visiting the farms of the folks who pioneered the legendary Emerald Triangle.

The Solar Living Center in Hopland, California hosts Emerald Pharms dispensary.

You won’t have to go as far as Tokyo, Japan to find a “love hotel,” which is just as well, because marijuana is heavily banned in Japan. Opt for Las Vegas instead. A state with legal prostitution probably isn’t the best place for a romantic rendezvous, unless you go to the 420 Luxury Condo. Escape the carnival atmosphere of the Sunset Strip in this one-bedroom, located on the 33rd floor. It provides guests unparalleled views of the Spring Mountains to the west.

The condo is stocked with curated cannabis products to try. If nothing in the marijuana mini bar strikes your fancy, the property’s location is within walking distance of its official dispensary partners. Since it is adjacent to the Palms Casino Resort, guests have access to its Drift Spa, 24-hour room service, concierge, pool, hot tub, and other amenities.

Hicksville Pines Resort located in Idyllwild, California, near the San Jacinto Mountains is one of the coolest little herb-friendly retreats you will ever come across. Hicksville Pines Bud & Breakfast Motel contains several properties, each with their unique feel and personal style.

A particular favorite love shack is burlesque star Dita Von Teese’s private chalet retreat. Sleep in the 1970’s-porn-star-style round bed, swing on the indoor swing or take a bath in her glittery, two-person claw-foot tub, by the bathroom fireplace. There are gorgeous views from the private deck which features a hot tub built for two. Just try not to picture Von Teese soaking in it with Marilyn Manson.

Converted, mid-20th-century motor inn  The Jupiter in Portland, Oregon is Portland charm personified.

Jupiter’s 81 rooms contain flirty shag pillows and fun chalkboard doors. Most of the guest rooms have platform beds. The hotel has a hair salon and a tattoo parlor just in case you want to get all dolled up before your date night at the in-house Doug Fir Lounge, one of Portland’s most popular music venues.

Getting high is A-OK when you book the first ever cannabis-friendly package in Oregon, which includes a munchie kit, a vape pen, and coupons to nearby cannabis dispensaries.

Share the love at the 70’s-inspired, adults-only Ventana Inn & Spa in scenic Big Sur, California. The relaxing, rustic guestrooms are designed for snuggling. There are oversized hammocks in front of the river rock fireplaces, and cavernous tubs in the bathrooms. Take in the views of the towering redwoods from a balcony, while munching on some edibles, over a glass of local wine. You can also book a guided hike to see hidden waterfalls and exotic wildlife. If you are not an active participant in the great outdoors, you can opt-in for the clothing-optional pool and sundeck, or the hotel-run yoga class instead.

There are plenty of opportunities for full immersion cannabis experiences. With so many 420-friendly, fun places to explore, “Go west, young man, go west!”

So, Ziploc Has A Fashion Line And We Don’t Know How To Feel

If you ever wanted your clothing to have the functionality of a freezer bag, your day has come. Japanese clothing line Beams has collaborated with Ziploc to create a new fashion line.

According to Fader, the collection is on trend with its use of unorthodox materials, “adding a heavy dose of weirdo kitsch.”

The look of a Ziploc bag has worked its way into umbrellas, hates, fanny packs, totes and other accessories, making you wonder how you ever lived without the transparency of America’s favorite sandwich holder.

The pop-up shop collection debuted Wednesday, and you shop on the Beams website beginning August 20.

Here’s an Instagram slideshow that won’t disappoint. And don’t miss the video below.

https://www.instagram.com/p/Bmc1M9DnyZr

One In Four Young Americans Consume Marijuana

Millennials get blamed for a lot of things these days—everything from avocado toast to not tipping enough—but perhaps their attitudes toward cannabis deserves some credit. One in four young Americans (ages 18-29) say they “regularly” or “occasionally” consume cannabis, according to a new Gallup Poll.

These results fall in line with the average of 22 percent of young Americans that have answered yes when asked if they “smoke marijuana” in three polls Gallup conducted from 2015 to 2017.

The poll also states that 13 percent of total Americans says they casually use cannabis—meaning millennials regularly use cannabis at twice the rate of the general public. Adults aged 50-64 and 65+ use cannabis at lower rates than both, with 11% and six percent of those age group claim they regularly or occasionally use cannabis, respectively.

RELATED: How Much Do Millennials Love Marijuana?

As might be expected, the poll also shows that cannabis usage is much higher in the West than other portions of the country. Whereas 12 percent of Easterners and 10% of Midwesterners claim they use cannabis, 20 percent of Westerners say they use cannabis. Of the nine states that have legalized recreational cannabis, five of them are in the West. Nearby Alaska has also legalized full adult usage of cannabis.

The data is based on telephone polling that occurred between July 1 and July 11, with a random sample of 1,033 adults throughout 50 states and the District of Columbia. Gallup reports the poll has a margin of error of plus-or-minus 4 percentage points.

Mathematician Reveals How Ross From ‘Friends’ Could’ve Moved The Couch

If there’s one scene in “Friends” that describes the reality of living in New York, it’s the iconic “Pivot Scene.” In it, Ross draws a sketch of how he, Rachel, and Chandler will be able to move the couch through a flight of stairs. They lift the couch and start carrying it up the stairs, only to realize that it doesn’t fit. Ross is screaming “Pivot, pivot, pivot!” his pitch increasing in intensity, until the couch gets stuck right in the middle of the stairwell.

By the end of the episode, Ross, Chandler and Rachel have managed to get the couch up the stairs to the apartment, but the furniture has been cut in half and looks completely wrecked. Ross tries to return the couch to the store, but it doesn’t work.

After 10 seasons, “Friends” taught us one lesson, and that is that you should always hire a moving company or know what you’re doing. Which is really hard if you’re not some sort of physicist.

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Caroline Zunckel, a mathematician, consulted with SpareRoom, a site that connects you with apartments and roommates. Together, they devised an effective way of carrying a couch up a flight of stairs without ruining the back or your furniture.

Zunckel analyzed the pivot scene in “Friends” and created the mathematical solution to Ross’ problem. She came up with an equation that she called “The Friends Solution,” where she detailed how Ross could’ve coped with his problem by taking all of the following variables into account. You can check out the rules and the graphic below:

Angle of vertical tilt (T) = 44.15064 – 11.94274 x WS (Width of the Stairwell) + 8.69119xWC (Width of the Couch) + 3.65961xLC (Length of the Couch)

Step 1: First Ross should have measured the width of the stairs (WS), and the width (WC) and length (LC) of the couch.

Step 2: Ross then should have used the equation to find out the minimum angle (T) that the couch would need to be tilted upward to move around the 90-degree corner of the stairwell.

Step 3: After carrying the couch to the corner, Ross, Rachel and Chandler reach a point where they can’t move any more. When this happens Ross, Rachel and Chandler should have rested the couch against the corner.

Step 4: Here, the friends should have tilted the couch vertically toward the ceiling until the angle between the stairs and the base of the couch was greater than or equal to T. At this point the vertical length of the couch would be smaller than the horizontal length and they should have been able to successfully pivot the couch round the corner without it getting stuck. 

Step 5: Once round the corner, Ross, Rachel and Chandler should have moved the couch back to its original orientation and then carried it up to the apartment.

Graphic via SpareRoom.co.uk

Smashing Pumpkins and Smash Mouth Have Beef About…’Shrek’?

You know what the world needs more of? Beef. We’re always hungry for more of it so thank the heavens the Smashing Pumpkins decided to start some hardcore beef with…Smash Mouth? About the Shrek soundtrack?

You wouldn’t think anyone would have a reason to target the ska-pop band best known for the goofy single “All-Star” and a cover of the Monkee’s song “I’m A Believer,” both of which are prominently featured in Shrek. Who would have a problem with that?

Enter Smashing Pumpkins frontman Billy Corgan. During a Q&A on his Instagram story, Corgan asserted that the Smashing Pumpkins were initially approached for Shrek, not Smash Mouth. “We were offered the end credit song for Shrek 1 but the offer was withdrawn and given to Smashmouth [sic] (who had hit with Monkees song).”

Corgan added that the song the Smashing Pumpkins would’ve supplied was “Untitled,” the last song the band recorded together before their initial breakup in 2000.

Smash Mouth is having none of this heresy, though. The band said they were asked for a song multiple times by Dreamworks, after Smash Mouth turned them down.

“Actually we said no and Michael Austin from Dreamworks kept calling,” the band tweeted. “That went on for over a month. We assume multiple bands we’re (sic) asked. If it feeds Billy’s ego to think they we’re first let him think that. Def would have been a darker approach. @THE_EELS are on it & others.”

You could pick a band to stand behind on this beef, but it seems pretty one-sided thus far. Let this serve as a warning to future would-be beefers — don’t you dare mess with Smash Mouth ever again.

The Pitfalls Of Synthetic Marijuana

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We’ve all seen it advertised in big marijuana magazines, whether we call it “spice,” “K2” or “Scooby Snacks,” it’s an assumed cannabis replacement for those who can’t score. Or, more dubiously, for those looking to fatten up their sacks or straight rip people off.

Synthetic cannabis is not cannabis at all, but leafy material sprayed with a variety of psychoactive chemicals that, beyond not being good for you, cause adverse reactions in many imbibers. Normally smoked or vaped, this substance is far more guilty of sending people to the emergency room than what it strives to imitate.

There have been moves made in states like Massachusetts to make spice illegal, but by adjusting their chemical components, companies can continue selling their laced products through that dubious loophole. Ahead of the curve, Mass. voted to make the drug illegal no matter how its compounds changed.

Aside from glossy magazines, some truck stops and convenience stores even carry the false herb, marketing it as incense or potpourri, and sometimes even labeling it as “not for human consumption,” according to The Boston Globe.

When smoking Scooby Snacks, the results can vary wildly from brand to brand and package to package. Sometimes a user may experience relaxation and an inability to concentrate on one thing for long, sometimes they might experience high anxiety, and though more rare, some experience psychosis and have to make the dreaded hospital trip.

The youth who experiment with the drug are the most likely category to end up in the ER. In many cases it’s likely that they thought they were smoking marijuana, and when the high hit absolutely nothing felt right.

Spice and cannabis are only comparable in that they grace the same pages of certain magazines and that one is made to resemble the other. Cannabis is an ancient plant with many, many therapeutic benefits, including the enhancement of one’s day. Spice, on the other hand, is a man-made concoction of chemicals known to have adverse effects.

Even when you’re out of weed, even when it seems that everyone else is out too, toking on some synthetic cannabis is not the answer. Just breathe and maybe meditate to achieve some necessary relaxation. Your next real bowl won’t be far in your future. Just wait.

What Constellation Brands $4 Billion Deal Means For Cannabis Industry

This week, Constellation Brands announced a $4 billion investment in the Canadian marijuana company Canopy Growth. Constellation is seeing cannabis as an expanded product line rather than a competitor and is putting a big stake in not only the company, but in the industry. While this particular deal may not be a unicorn for Constellation, the long-term benefits of this market positioning should reap nice returns for investors in both Constellation and the weed and alcohol industries.

The distinguished Wall Street investment bank Cowan and Company stated that although Constellation and Canopy Growth did not announce any joint operating arrangements, they look for further details on possible synergy benefits. In addition, the liquidity from the transaction will allow Canopy to accelerate its domestic and international investments. Canopy remains their top midsized idea, and Constellation remains their top pick in our overall coverage.

RELATED: Corona Brewing’s Parent Corporation Invests $4 Billion In Cannabis Company

One of the barriers of the industry is both understanding and experience of truly mainstreaming a product for general public consumption.  Constellation’s investment, along with Heineken, Molson Coors and Labatt Brewing stepping into the market are adding a level of knowledge that is missing. These companies have a rich history of taking the product from plant to shelves to homes, grocery, online, airlines, drug stores, restaurants and hotels—something the cannabis industry will need to reach market potential.

 “Constellation is a company that works in a regulated market with complex, varying, state-based regulatory systems and manages a logistics network around an intoxicating substance. One of the common critiques of corporate investors pumping money into the cannabis industry is that they know much about business and little about the industry. Constellation, and companies like it, can bring an important knowledge based along with a stream of capital” shared John Hudak, Senior Fellow and Deputy at Brookings

RELATED: Canopy Growth CEO Says Transforming Marijuana Into Products Is Key

Hudak continued, “Constellation getting into the cannabis space will likely raise alarm bells among activists that ‘Big Marijuana’ has arrived, but that breathless fear is unfounded. Large companies engaging with industry is a sign that the industry has matured, commercial enterprises are no longer drunk with the hysteria of taboo and bias associated with cannabis, and large-scale investors see cannabis as a commodity market of opportunity rather than risk.”

Already we see companies like Miracle Grow, Lamar Advertising and the Prtizker family making big investments. Our company, The Fresh Toast, is the primary bridge connecting the industry to the general public, and big business is seeing the growth and acceptance of cannabis as a potential boon to the bottom line.

“We feel this is the first of many large deals between traditional corporations and the cannabis industry” says Jennifer M. Sanders, Founder and CEO of CNS Equity Partners.

As an example of the changing opinion on marijuana, Fox News has featured stories showing the majority of Americans, including 46 percent of Republicans, are pro legalization.

“This is a very exciting development for the industry — Constellation’s commitment to the industry legitimizes it even more as an investment opportunity. And it makes Canopy the legitimate first major cannabis company on the planet. These are exciting times for the industry,” Shared Bill Kelly, General Partner, AgriCasadia, a leading cannabis investment fund.

Princess Diana Avoided Wearing This Fashion Accessory

During her time as a royal, Princess Diana became a style icon. Her formal gowns and casual everyday elegance became a nice distraction from the awkward relationship she had with Prince Charles.

But if you looked closely, you’d realize that while she wore everything from pumps to flats and Converse, she never wore one specific type of shoe.

As author Diane Clehane details for Best Life,  while researching her book, Diana: The Secrets of Her Style, she combed through literally thousands of photographs of the Princess to select the images featured in its pages, “and I did not find one photograph of the princess wearing open-toed shoes or sandals.” Clehane says when Diana became engaged to Prince Charles in 1981, “she wore mostly modest two-inch heels so as not to tower over her husband-to-be. Once she became a royal, she wore plenty of low-heeled, brightly colored pumps that coordinated with her ‘Dynasty Di’ look of the period. And when ‘off duty,’ she favored simple flats.”

When the couple announced they were separating, writes Clehane, there was a noticeable change in Diana’s appearance, and that included footwear. Her choice in shoes became sexier. She opted for designers like Manolo Blahnik and Jimmy Choo

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“Her favorite style was high-heel strappy shoes,” Choo told Clehane. “She liked classic styles. She never wore sandals because she did not like them and she knew the Queen didn’t either.”

Choo, who called Diana his “favorite client,” told Clehane that the Princess was always very enthusiastic. “Whenever I brought shoes to her, she would run to Paul [Burrell, her butler at the time] and say, ‘Look at these beautiful shoes Jimmy has made for me!’”

As far as Queen Elizabeth was concerned, open-toed shoes were a no-no, something Princess Di was very aware of. Said Choo, “She had beautiful legs. She sometimes chose not to wear hosiery, but never when she was appearing at an official event with the Queen. She was always very respectful of her.”

According to Clehane, Choo was planning to give Diana a pair of beige grosgrain ballerina flats the day after she was to return from her trip to Paris, something that sadly never happened. Instead, he kept them to remember her by, telling Clehane, “She was a naturally beautiful woman inside and out and a lady of great warmth, humility, and compassion. She was a dream.”

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