Jazz Samra’s Post

New Jersey is the market to watch! Love this article by Benzinga Cannabis! It's thrilling to see the New Jersey cannabis industry thriving, with a 23% increase in total revenue in the last quarter of 2023, particularly in the pre-roll segment, where sales have risen by 8%. Despite regulatory hurdles and limited brand diversity, the market is seeing robust growth, with leaders like Verano holding a 21% share and Miss Grass capturing 13% with its 0.4g 5-pack minis. This is just the beginning! There are so many more brands coming into the NJ market. Benzinga's Cannabis Capital Conference will be doing a one-day summit in NJ on June 17th and I will be there! Hope to see you! Elliot Lane Patrick Lane Emily Lehmann Jeni Cohen Elana Cohen Cassie Tomaselli Lori Ferrara David Cunic Brian Dowling Philip DeMuro Chris Vaglio ⚡️Gian Lombardi Gabriella Lombardi Wilday Kate Miller Rachel Wright, CPA, MST Michael Schwamm Kevin Cassidy, CPA Greg Hill Steve Goldner LKP Impact Consulting, LLC Avicenna Leadership Group Eduardo Provencio Shaan Kapoor Tripp Murray #NewJerseyCannabis #MarketGrowth #CannabisIndustry https://lnkd.in/geHUeJWD

What's your thoughts on this article ? #cannabiscommunity #cannabis #marijuanaindustry #distributors #cannabiscultivation #cannabisbusiness

In the cannabis space, collaboration is more beneficial than competition, according to several CEOs. Will Breakell, the founder of Blazy Susan, launched a collaboration with the Grateful Dead in November 2023 - and the line of rolling papers, ashtrays, and cannabis grinders has sold over 1 million dollars of smoking accessories. Brands on the East Coast are even partnering with others in the cannabis space. Based in Lafayette, New York, Ayrloom has lent out its large extraction and processing facilities to farmers. Thanks to their efforts, Ayrloom now has a network of trusted growers to bring branded flowers to dispensaries across NY. Their ultimate collaboration, however, was partnering with seven other New York processing facilities to establish the Empire Cannabis Manufacturer's Alliance - which advocates their priorities to lawmakers and regulatory bodies. While collaboration has the power to increase your bottom line, working with others in the industry has the power to make a difference. Have you successfully collaborated with others in the cannabis industry? Let us know in the comments. 👇 Source: https://buff.ly/3W9MTAa #luxurycannabis #cannabisaccessories #cannabisbranding #highendcannabis #brandingnagency #luxuryagency #womenowned #cannabisinnovation #luxury #lux #branding #branding101 #marketing #smallbusiness #news #collab #collaboration

Despatches from the Business of Cannabis, New York  “If I make it there, I’m gonna make it anywhere...” Perhaps, but I guarantee it won’t be an easy ride.  It never is. Prohibition Partners hosted their Business of Cannabis New York event on November 12.  I was a workshop facilitator (Financial Modelling) and panellist.  If you don’t know PP, they are a leading global cannabis market researcher, industry connector and event company. The crowd was mostly NYC-based, dispensary owners (with assorted service providers) so not entirely representative of the State’s cannabis sector.  (It would be helpful to get a temperature check from growers and retailers from upstate New York. Next time.) Some of my key takeaways from the speakers and scuttlebutt from the bar: > There is optimism that the New York recreational market is finally starting to roll on all fronts.  > Industry revenues are trending to exceed $800M in 2024.  Frustratingly, big TAM numbers continue to be tossed around despite hard lessons from other markets. > According to the CCB, there are approx. 273 legal adult use dispensaries, hundreds of cultivation & processing licenses and 450+ brands in market as of November 12.  > There was (not surprisingly given the crowd) little mention of the substantial volume of ‘grey’ product flowing into the State. > Many attendees are naïve in thinking that NY can avoid the same challenges that bedevil other jurisdictions. These include margin compression, over production, and the inevitable slowdown that comes with market maturity.  > The illicit market is finally being addressed by the authorities.  However, without a sustained enforcement effort it will be a 'wack-a-mole' effort for the foreseeable future to shut down illegal sellers. > Many of the attendees were confident and hopeful, with a dash of bravado.  They view NY as a unique, sophisticated market of consumers, retailers and brand developers.  Haven’t we heard the same thing from our California and BC friends? And we know how those markets have played out. > As might be expected most of the attendees were supportive of the regulations and believe that the OCM troubles are behind them. There was little mention of the negatives:  MSOs unfairly being shut out of the market, CAURD expirations, improperly voided license applications and pending lawsuits. > Modest amounts of debt and equity funding is finally arriving through special government programs and external funders.  I wonder, however, if there will enough money (billons is needed) to kickstart and sustain the industry.   As important, are there enough investable companies to effectively absorb the capital given NY’s cost & tax burden and the inevitable operational hiccups? We shall see.  My fingers are crossed. I have assisted NY cannabis firms get out of the gate and position themselves for profitability. I can help your business do the same. #cannabis #newyork #cannabisindustry

When asked about what would happen when the feds deschedule or legalize cannabis, Kevin Hart, Founder & CEO of Green Check had this to say: “Interstate commerce and international commerce are going to fall into line very, very quickly, because they have to be part of those conversations.” Dive deeper into the conversation in mg Magazine's article. 👇 https://lnkd.in/e8gQmwHv #cannabisnews #cannabis #cannabisindustry #cannabislegalization

When you think about cannabis, collaboration and education probably aren’t the first things that come to mind. Yet, this Rolling Stone Culture Council article explores many of the ways Keef Brands along with other cannabis companies, brands and people are working diligently and tirelessly to create a system for long term success. https://lnkd.in/gEzwJJc9 Erik Knutson Matt Baumgartner #cannabisindustry #cannabisbeverage

How do you currently buy your cannabis? Is it the smell of the flower? Certain cannabinoids? A budtender’s recommendation? Or maybe your favorite celebrity promotes a certain brand? At Jointly, our CEO, David Kooi and the rest of us believe there's a smarter way. Our goals framework cuts through the noise, making it easier for consumers to make informed choices and budtenders to make informed recommendations. With solid data, we help consumers find what truly works for them. . The more we learn about how cannabis affects individuals, the better we can match people with the right products. This not only enhances our lives but also ensures everyone gets the most out of their cannabis experience. Curious about how Jointly is shaping the future of cannabis retail? I’d love to chat and introduce you to the Jointly ecosystem. #purposefulcannabisconsumption

Alaska is emerging as a leading force in the U.S. cannabis market. According to data from our Summer 2024 edition of Insights Into the State of the U.S. Cannabis Industry, Alaska ranks highest in per capita cannabis spending, with shoppers spending an impressive $366 annually—more than any other legal state. Explore the factors driving this remarkable trend in GreenState ’s latest article on The Last Frontier's unexpected success. Ben Burstein #Alaska #CannabisData #CannabisCommunity #LeafLink #GreenState

Should dispensaries be allowed to sell non-cannabis goods? It’s a no brainer. As a first step AB 1775 is working its way through the CA state legislature. The problem is that it only applies to consumption lounges. We need to call our reps and demand that they apply this bill to all dispensaries, not just consumption lounges. Single purpose retail stores are stupid. Retail is dying as it is and forcing people to make multiple trips for retail goods is a bubble waiting to pop. Especially with how bloated cannabis real estate was to secure. CA cannabis retail would be given a life raft if they could carry chips, soda, etc. and encourage shopping for many things and not just cannabis. I’ll add comments on if/how we can send a message to change the bill to expand its application. What are your thoughts? https://lnkd.in/gABxQMez

The California Department of Cannabis Control has issued a mandatory recall for Mike Tyson’s Undisputed Truth Cannabis Flower products due to contamination with a type of mold. Last week, California’s Department of Cannabis Control (DCC) issued a mandatory recall for a Mike Tyson-branded product, Tyson Undisputed Cannabis Flower, due to contamination with Aspergillus sp., a type of mold. The recall, published on April 9, affects multiple products sold after August 24, 2023, including the TOAD and TADPOLES batches, distributed across several counties including Alameda, Los Angeles, and San Francisco. The flower was grown by manufacturer Northern Emeralds, who also partnered with rapper Future for a product collaboration last year. This incident follows on the heels of other recent product recalls in California’s cannabis industry, which has been plagued this year by issues related to both product safety and testing integrity. Among industry insiders, the practice of “lab-shopping” — where cannabis manufacturers shop around for labs that might provide inflated or fabricated test results to increase sales or obfuscate the presence of contaminants — has been a controversial subject for years. The incident also brings fresh attention to concerns about celebrity-backed cannabis brands, which critics argue may prioritize marketing over product quality and safety. Consumers who have purchased any of the affected Tyson Undisputed products are advised to check their packages for specific batch and UID numbers listed in the recall notice. Those with matching numbers should dispose of the products or return them to the retailer for proper disposal. The DCC has also instructed all licensees with recalled products in their inventory to follow specific procedures to address the recall and has offered assistance via [email protected]." - Ganjapreneur