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Re: HoldHigh post# 16781

Thursday, 04/27/2023 12:16:09 PM

Thursday, April 27, 2023 12:16:09 PM

Post# of 19738
This is why, it is Elon Musk's new policy relaxing rules on twitter.

https://www.benzinga.com/markets/cannabis/23/04/32045314/twitters-cannabis-ad-revolution-continues-elon-musk-gives-nod-to-packaged-weed-products

Several months after allowing CBD and THC product ads on its site, Twitter has updated its policy yet again. It will now permit accredited advertisers to include packaged cannabis products in their advertisement visuals.

"Going forward, certified advertisers may feature packaged cannabis products in ad creative," Twitter posted on its website.

Until now, cannabis advertisers have been prohibited from illustrating products in their ads nor advocating sales. However, Twitter CEO Elon Musk apparently decided to take cannabis advertising to another level.

As such, cannabis advertisers can responsibly link to their owned and operated web pages and e-commerce experiences for CBD, THC and cannabis-related products and services, Twitter noted.

The latest update comes two weeks after Alexa Alianiello (Twitter US Sales & Partnerships) and Rohan Routroy (Twitter NEXT) joined other top cannabis CEOs, entrepreneurs and advocates at the Benzinga Cannabis Capital Conference in Miami Beach, April 11-12, 2023 as featured keynote speakers.

"Twitter has your back," Alianiello told the packed room at the Fontainebleau Miami Beach Hotel. "We're a part of this community. We're with you on this journey."

This was the first time Twitter had met with cannabis industry executives to discuss the role the social networking giant will play in the marijuana industry, being the first platform to open the door to cannabis advertising.

https://fortune.com/2023/04/27/elon-musk-marijuana-weed-advertising-twitter-420-jokes/

Twitter under its 420-friendly owner Elon Musk earlier this year became the first major social media company to allow cannabis advertisements. Now, the platform is relaxing those rules in an attempt to lure in more advertisers from U.S. states where marijuana is legal.

“Going forward, certified advertisers may feature packaged cannabis products in ad creative,” Twitter said in a post on its website. Previously, cannabis advertisers could not show any products in their ads, nor could they actually promote their sale.

“They may also continue responsibly linking to their owned and operated web pages and e-commerce experiences for CBD, THC, and cannabis-related products and services,” Twitter said.

The billionaire Tesla CEO has been forced to make huge cost cuts and scramble to find more sources of revenue to justify his $44 billion purchase of Twitter. The platform also removed a ban on political advertisements in January.

Still, companies interested in advertising cannabis products on Twitter must comply with a long list of rules. They must be licensed and pre-authorized by Twitter, only target jurisdictions where they are licensed and refrain from targeting anyone under 21, among other policies.

Facebook parent Meta, Google and other major tech companies all prohibit cannabis ads. Google does allow ads for FDA-approved CBD products and topical, hemp-derived CBD products with THC content of 0.3% or less in California, Colorado, and Puerto Rico, but not for marijuana even in states where it is legal.

Musk became widely associated with marijuana usage in 2018 when he tweeted that he was mulling a buyout of Tesla for $420 per share – a price that was widely assumed to be tied to a specific time in the afternoon of April 20 when cannabis users annually celebrate the drug by partaking in it. Shortly after that August 2018 tweet, Musk smoked a marijuana joint on a podcast with Joe Rogan.

In a trial centered on whether Musk’s buyout tweet had misled Tesla investors, Musk testified the price of his offer wasn’t meant to be a marijuana reference while acknowledging why people might think it was.

“There is some, I think, karma around 420. I should question whether that is good or bad karma at this point,” Musk said on the witness stand.

The origins of the term “420” generally, were long murky. Some claimed it referred to a police code for marijuana possession or that it arose from a Bob Dylan song.
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