DD Support Board and Research Team

[36Knuckle]

Safe & rescheduling is still a once in a lifetime event for me...this could be the season?
(we just had a hurricane hit The state of California!...so it is possible!)

Top Headlines of the Week...from; CB1 Capital

I highlighted the bullet points … #10

1. Senate Marijuana Banking Sponsor Gives Details About Forthcoming 'SAFE Plus' Reform Package
2. Recreational Cannabis Sales Set New Record In New Mexico
3. Arkansas Medical Marijuana Patients Spent Over $23M In August
4. Montana Adult-Use Cannabis Sales Set Record, Approach 75% Of Market
5. Growing Majority Of Minnesotans Support Marijuana Legalization, State Fair Poll Conducted By Lawmakers Finds
6. Illinois Cracks $1 Billion In Adult-Use Cannabis Sales So Far In 2022
7. Most Voters Support Federal Banking Reforms For Licensed Marijuana Retailers
"Americans understand that no industry can operate safely, transparently, or effectively without access to banks or other financial institutions and it is self-evident that this industry, and those consumers that are served by it, remain severely hampered without this access."
8. Cannabis Advocates, Business Owners In Illinois Warn State's Program Is 'On The Verge Of Collapse' (social equity businesses have languished on the sidelines, ex-incarcerated individuals (this is the new pronoun for “inmate”...like the “unhoused”).
9. UK Government Blocks Bermuda From Legalizing Marijuana On Same Day New Prime Minister Takes Office (UK makes a move when we do)
10. Why Weed Companies Can't Make Any Money
https://www.politico.com/news/2022/09/04/weed-companies-cant-make-money-00054541

“It all stems from federal illegality,” said Anita Famili, who heads the cannabis and CBD industry group at Manatt, a law firm and consultancy. “The cost of doing business for weed companies is just much higher than any other business.”

Arguably the biggest barrier to making money is the sky-high taxes weed companies pay because they’re treated like illegal narcotics traffickers under the federal tax code.

Finally, raising capital is extremely expensive due to a dearth of financing options, an issue both Republicans and Democrats in Congress recognize but have yet to address.

“If you’re able to generate cash flow with all of these headwinds, when these headwinds start to be removed it’s going to be an incredibly, incredibly good business model,” said Jen Drake,