Marijuana Business, Stocks, Finance, & Investing – MJ Shareholders https://mjshareholders.com The Ultimate Marijuana Business Directory Wed, 22 May 2024 01:28:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 Navigating the Future of Cannabinoid Regulation: Balancing Safety, Innovation, and Consumer Access Position Paper https://mjshareholders.com/navigating-the-future-of-cannabinoid-regulation-balancing-safety-innovation-and-consumer-access-position-paper/ https://mjshareholders.com/navigating-the-future-of-cannabinoid-regulation-balancing-safety-innovation-and-consumer-access-position-paper/#respond Wed, 22 May 2024 01:28:19 +0000 https://thecannabisindustry.org/?post_type=reports_webinars&p=59965

Prepared by NCIA

The National Cannabis Industry Association (NCIA) invites industry owners, operators, regulators, and elected officials to download our latest position paper on cannabinoid regulation. With over 100 different cannabinoids found in cannabis, nuanced and thoughtful policy considerations are crucial for shaping a safe and thriving industry.

Our position paper delves into the complexities of cannabinoid production, differentiating between plant-extracted and synthesized cannabinoids. It addresses the challenges posed by the current regulatory landscape and advocates for a common-sense federal framework that emphasizes safety, consistency, and quality across all cannabis-derived products.

Key insights include:

  • The distinction between intoxicating and non-intoxicating cannabinoids.
  • The economic impact of cannabinoids, evidenced by the billions spent annually on CBD products.
  • The importance of balancing regulation to support both consumer safety and industry growth.
  • Recommendations for federal reform, including modifications to the Farm Bill and the FDCA.

NCIA’s comprehensive approach ensures that safe, regulated cannabinoid products can meet consumer demand while fostering industry innovation and protecting public health.

Download our position paper today to stay informed and contribute to the future of cannabinoid policy.

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Brighton to allow marijuana stores for the first time https://mjshareholders.com/brighton-to-allow-marijuana-stores-for-the-first-time/ https://mjshareholders.com/brighton-to-allow-marijuana-stores-for-the-first-time/#respond Sun, 11 Feb 2024 15:29:37 +0000 https://www.thecannabist.co/2024/02/10/brighton-to-allow-marijuana-stores-for-the-first-time/136046/

The city of Brighton is about to get a little greener.

This week, the Brighton City Council voted 7-2 to allow recreational marijuana shops for the first time. The council-approved ordinance allows for the establishment of four stores, with two of the licenses reserved for social equity applicants. Applications open March 1.

This will be the first time Brighton, which is located primarily in Adams County, has ever allowed cannabis businesses within city limits, despite the fact that recreational weed has been legal in Colorado for a decade and medical marijuana has been legal since 2000. The city still prohibits cultivation and manufacturing businesses.

Read the rest of this story on DenverPost.com.

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Letters: What marijuana regulation? We purchased a biscotti-flavored vaporizer with THC potency of 84.9%. https://mjshareholders.com/letters-what-marijuana-regulation-we-purchased-a-biscotti-flavored-vaporizer-with-thc-potency-of-84-9/ https://mjshareholders.com/letters-what-marijuana-regulation-we-purchased-a-biscotti-flavored-vaporizer-with-thc-potency-of-84-9/#respond Thu, 18 Jan 2024 01:28:37 +0000 https://www.thecannabist.co/2024/01/17/letters-what-marijuana-regulation-we-purchased-a-biscotti-flavored-vaporizer-with-thc-potency-of-84-9/136040/

Marijuana regulations don’t seem overly complex

Re: “Colorado paved the way, and sky didn’t fall,” Dec. 31 news story

I read with interest the article about the 10-year wild ride of marijuana legalization and was intrigued by the comment by Truman Bradley, executive director of the Marijuana Industry Group, a business trade association.

Read the rest of this story on DenverPost.com.

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Three Things Regulators and Policymakers Can Do to Undercut Criminal Markets and Support Legal Main Street Cannabis Businesses https://mjshareholders.com/three-things-regulators-and-policymakers-can-do-to-undercut-criminal-markets-and-support-legal-main-street-cannabis-businesses/ https://mjshareholders.com/three-things-regulators-and-policymakers-can-do-to-undercut-criminal-markets-and-support-legal-main-street-cannabis-businesses/#respond Fri, 11 Aug 2023 02:44:46 +0000 https://thecannabisindustry.org/?post_type=reports_webinars&p=57107

Prepared by NCIA

The simple truth is that regulated cannabis markets are not working for the vast majority of small businesses, including equity businesses.

Regulators increasingly understand that these businesses are struggling, but face the daunting challenge of knowing where to start with the many, many, many voices calling for attention. Of course, regulators are also wary of accepting a rescue plan for Main Street businesses from lobbyists exclusively paid for by the handful of large Wall Street backed businesses that can afford such slick-talking representatives.

Providing a credible voice for those Main Street businesses is at the core of NCIA’s mission.

As a result, our Policy Co-Chairs Khurshid Khoja and Michael Cooper recently traveled to the annual external stakeholders meeting of the Cannabis Regulators Association (better known as CANNRA), where they were invited back to address state and local cannabis regulators from across the country. Michael and Khurshid spoke on issues of crucial importance to the future of the industry, including the challenges facing small businesses, the successes and failures of social equity programs, the potential pitfalls of rescheduling without addressing FDA oversight in advance, and establishing a level playing field between state-licensed cannabis businesses that provide highly regulated delta-9 THC marijuana products, and unregulated actors that provide equivalent products with equally potent, psychotropic and/or chemically analogous cannabinoids derived from hemp.

Regulators were clear at the meeting that they need more credible, tangible solutions for the challenges facing these markets, and they wanted to hear directly from the nation’s oldest, largest and still most representative non-profit trade association for the regulated cannabis industry.

Today, NCIA is proud to offer the first of a series of policy papers that offer specific steps that regulators and policymakers across the nation can take to help these struggling markets.

Want to help NCIA fix the challenges you’re facing? Existing members are encouraged to contact us at Membership@thecannabisindustry.org to provide feedback or learn how you can get involved with this project. Not a member? No problem. Sign up here, and roll up your sleeves to join the fight.

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IRC Section 280E: An Unjust Burden on State-Legal Cannabis Businesses https://mjshareholders.com/irc-section-280e-an-unjust-burden-on-state-legal-cannabis-businesses/ https://mjshareholders.com/irc-section-280e-an-unjust-burden-on-state-legal-cannabis-businesses/#respond Thu, 03 Aug 2023 14:45:00 +0000 https://thecannabisindustry.org/?post_type=reports_webinars&p=27766

Prepared by NCIA

Section 280E of the Internal Revenue Code forbids businesses from deducting otherwise ordinary business associated with the “trafficking” of Schedule I or II substances, as defined by the Controlled Substances Act.

This provision was enacted by Congress in 1982 in order to penalize illegal drug dealers.  However, today the IRS aggressively applies Section 280E to state-licensed cannabis businesses, entities that were never conceived of when the statute was originally adopted.

An overwhelming majority of U.S. states now permit some form of legal cannabis commerce despite its nonsensical Schedule I status under federal law. As a result of the outdated federal status, 280E is being applied to thousands of licensed businesses effectively prohibiting them from taking the ordinary business deductions every other business relies on. 

We updated our position paper, “IRC 280E: An Unjust Burden on State-Legal Cannabis Businesses,” to help illustrate the facts about this outdated provision of the tax code. We’ve already delivered this publication to every member of Congress but we encourage you to download it and share with those in your network who need to know about 280E. 

The publication includes data from NCIA’s chief economist Beau Witney which shows that exempting state-legal cannabis businesses from 280E would create a net benefit to the economy of nearly $2 billion dollars over the next three years. That means more new jobs, more prosperity, and more payroll taxes for the federal government.

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Denver issues ticket, warning letters to unlicensed cannabis hospitality businesses https://mjshareholders.com/denver-issues-ticket-warning-letters-to-unlicensed-cannabis-hospitality-businesses/ https://mjshareholders.com/denver-issues-ticket-warning-letters-to-unlicensed-cannabis-hospitality-businesses/#respond Tue, 01 Aug 2023 22:44:53 +0000 https://www.thecannabist.co/2023/08/01/denver-issues-ticket-warning-letters-to-unlicensed-cannabis-hospitality-businesses/135956/

Eight businesses have recently received warnings for hosting marijuana-related activities in Denver without the required license, with a separate ticket issued to Tetra Lounge.

On Saturday, the city investigated multiple locations after receiving complaints of illegal events taking place, said Eric Escudero, spokesperson for Denver Department Of Excise And Licenses. Officials issued a general violation ticket to the operator of Tetra Lounge at 3039 Walnut St. “for necessity of a license to operate,” he added.

Tetra Lounge didn’t immediately respond to a request for comment. Escudero declined to comment further on that specific case, as it’s being handled by the Denver City Attorney’s Office as a criminal matter. Spokesperson Melissa Sisneros declined to comment on pending litigation.

Read the rest of this story on DenverPost.com.

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Risk Management and Insurance Manual: A Novel Cannabinoid Conundrum – Loopholes, Liability, and Legislation https://mjshareholders.com/risk-management-and-insurance-manual-a-novel-cannabinoid-conundrum-loopholes-liability-and-legislation/ https://mjshareholders.com/risk-management-and-insurance-manual-a-novel-cannabinoid-conundrum-loopholes-liability-and-legislation/#respond Thu, 27 Jul 2023 22:44:47 +0000 https://thecannabisindustry.org/?post_type=reports_webinars&p=56967 Risk Management and Insurance Manual: A Novel Cannabinoid Conundrum – Loopholes, Liability, and Legislation | The National Cannabis Industry Association

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Prepared by NCIA

The National Cannabis Industry Association’s Risk Management & Insurance Committee is a multidisciplinary group of risk management professionals convened to draw on the expertise and experiences of professionals dedicated to the cannabis community.

This is the third in a series of insurance manuals that will help guide you through the various coverages and definitions used in the cannabis insurance industry. This edition of the RMIC Insurance manual frames the issues surrounding novel cannabinoids and the risk and insurance considerations around them. Read the first edition here, as well as the second edition here.

NCIA is leading the cannabis industry’s unified and coordinated campaign to ensure our business sector is treated fairly and has the opportunity to reach its full potential. Now – more than ever – is the time to invest in your business and the future of the industry by becoming a member.

This site uses cookies. By using this site or closing this notice, you agree to the use of cookies and our privacy policy.

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Colorado’s marijuana industry calls this year’s 4/20 sales “the worst” in recent years https://mjshareholders.com/colorados-marijuana-industry-calls-this-years-4-20-sales-the-worst-in-recent-years/ https://mjshareholders.com/colorados-marijuana-industry-calls-this-years-4-20-sales-the-worst-in-recent-years/#respond Sat, 08 Jul 2023 08:45:00 +0000 https://www.thecannabist.co/2023/07/08/colorados-marijuana-industry-calls-this-years-4-20-sales-the-worst-in-recent-years/135945/

Colorado’s marijuana industry dubbed weed sales for this year’s 4/20 “the worst” in five years.

The Marijuana Industry Group, a Denver-based trade association, is sounding the alarm bells for the state’s “struggling” industry, as falling sales compound with business closures and layoffs. This year, the market’s entrepreneurs are contending with too much supply, not enough demand, increased competition in other states, dropping prices, a dearth of cannabis tourism, the draw of black market weed and more.

April’s marijuana sales – medical and retail combined – stood at close to $132 million, which counts as the lowest number in five years, according to the Colorado Department of Revenue. In April 2018, the number was about $124 million.

Read the rest of this story on DenverPost.com.

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Dispensary buys former South Broadway firehouse for $3M https://mjshareholders.com/dispensary-buys-former-south-broadway-firehouse-for-3m/ https://mjshareholders.com/dispensary-buys-former-south-broadway-firehouse-for-3m/#respond Sat, 08 Jul 2023 08:44:54 +0000 https://www.thecannabist.co/2023/07/08/dispensary-buys-former-south-broadway-firehouse-for-3m/135947/

A local dispensary has bought a piece of the city’s history.

Wellness Center of the Rockies, also known as The Center, recently purchased a former firehouse at 600 S. Broadway for $3 million.

The seller, Firehouse Thirteen LLC, purchased the property for $300,000 in 2000, property records show.

Read the rest of this story on DenverPost.com.

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Infinera Stock Is an Affordable 5G Stock That Could Double or Triple https://mjshareholders.com/infinera-stock-is-an-affordable-5g-stock-that-could-double-or-triple/ https://mjshareholders.com/infinera-stock-is-an-affordable-5g-stock-that-could-double-or-triple/#respond Sat, 10 Jun 2023 10:45:22 +0000 https://www.profitconfidential.com/?p=164571
Infinera Stock Is an Affordable 5G Stock That Could Double or Triple

Why INFN Stock Looks Cheap Right Now

As more organizations dive deeper into 5G technology as a way to power the wireless communications of the future, I expect we could see a renaissance in the 5G space.

One rapidly growing player in the optical networking and 5G sectors is Infinera Corp. (NASDAQ:INFN), a developer of advanced optical networking solutions. Infinera stock presents a compelling risk/reward opportunity to investors.

Infinera generates more than $1.0 billion in annual revenues from more than 1,000 customers around the world. The company serves the majority of the world’s biggest telecommunications service and Internet content providers. (Source: “Investor Day 2021,” Infinera Corp., last accessed January 24, 2023.)

In terms of fundamentals, Infinera is financially sound and is heading toward profitability.

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As for share-price performance, INFN stock has rallied by 50% over the last three months but remains 42% below its five-year high of $12.39 (set in May 2018) and down by 71% from its record high of $25.24 (set in August 2015).

With Infinera stock’s current price weakness, the company is undervalued. This provides opportunities for risk capital.

Chart courtesy of StockCharts.com

Infinera Corp.’s Financials Translate to Attractive Valuation

Infinera’s revenues have risen in its last four consecutive reported years. Its revenues nearly doubled from 2017 to 2021, translating to a compound annual growth rate (CAGR) of 17.9% during this period.

Analysts’ consensus estimate has Infinera growing its revenues by 6.6% to $1.5 billion in 2022, followed by 8.9% to $1.7 billion in 2023. (Source: “Infinera Corporation (INFN),” Yahoo! Finance, last accessed January 24, 2023.)

This means Infinera Corp. trades at just 0.95 times its consensus 2023 revenue estimate.

Fiscal Year Revenues Growth
2017 $740.7 Million N/A
2018 $943.4 Million 27.4%
2019 $1.3 Billion 37.7%
2020 $1.4 Billion 4.4%
2021 $1.4 Billion 5.1%

(Source: “Infinera Corp.,” MarketWatch, last accessed January 24, 2023.)

Infinera produced two straight years of positive earnings before interest, taxes, depreciation, and amortization (EBITDA), following three years of EBITDA losses.

Infinera Corp.’s move toward positive EBITDA indicates that it has been doing a good job on the cost side as its revenues go higher.

Fiscal Year EBITDA (Millions) Growth
2017 -$81.6 N/A
2018 -$54.4 33.2%
2019 -$57.8 -6.0%
2020 $7.4 112.8%
2021 $26.5 257.8%

(Source: MarketWatch, op. cit.)

Moving to the bottom line, Infinera Corp. has lost money building its business, but the company has a pathway toward positive generally accepted accounting principles (GAAP) diluted earnings per share (EPS) in 2023.

Analysts expect Infinera to report an adjusted profit of $0.03 per diluted share in 2022 and $0.30 per diluted share in 2023. (Source: Yahoo! Finance, op. cit.)

Fiscal Year GAAP Diluted EPS Growth
2017 -$1.32 N/A
2018 -$1.36 -2.9%
2019 -$2.16 -59.0%
2020 -$1.10 49.2%
2021 -$0.82 25.0%

(Source: MarketWatch, op. cit.)

Infinera Corp.’s free cash flow (FCF) was negative in its last five reported years, but the company’s revenue growth and move toward profitability should drive up its FCF toward positivity. In fact, Infinera reported positive FCF of $8.6 million for the third quarter of 2022.

Fiscal Year FCF (Millions) Growth
2017 -$79.9 N/A
2018 -$116.8 -71.0%
2019 -$197.6 -44.4%
2020 -$151.3 23.4%
2021 -$13.3 91.2%

(Source: MarketWatch, op. cit.)

Analyst Take

Infinera Corp. is a favorite of institutional investors; 270 institutions hold the majority of INFN stock. Moreover, company insiders have been actively buying shares Over the last six months, insiders bought 545,731 shares of the stock and sold none. (Source: Yahoo! Finance, op. cit.)

The fact that Infinera Corp. has been generating major revenues and the company trades at a low valuation makes Infinera stock compelling. It might be a good idea for investors to follow the moves of institutional investors and the company’s insiders.

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