Friday, November 27, 2020

Bio-Availabilty Increases Consumer Choices In the The New Cannabis Industry > "Everything else except rolling a joint"

At least one company - that is the only operator with dominant positions in both New Jersey and Arizona - has plans to develop and expand...In Arizona, Curaleaf is the second-largest player with 8 dispensaries and two cultivation facilities, mostly in Phoenix, and the company will open two more dispensaries in 2021

Daily Cover||Nov 27, 2020,06:00am ESTInside Curaleaf Billionaire Boris Jordan’s Hunger To Become The ‘Frito-Lay’ Of Cannabis

Inside Curaleaf Billionaire Boris Jordan’s Hunger To Become The ‘Frito-Lay’ Of Cannabis

Will YakowiczForbes StaffVices

Forbes | 2020-11-27

The largest marijuana company in America is on a mission to convert non-consumers into customers by selling them highly formulated products.

Daily Cover||Nov 27, 2020,06:00am ESTInside Curaleaf Billionaire Boris Jordan’s Hunger To Become The ‘Frito-Lay’ Of Cannabis

^On the rolling hills of Long Island’s North Shore Country Club, overlooking Hempstead Harbor, a 54-year-old billionaire is getting high with his friends. Boris Jordan, a New York native who made his fortune in Moscow in the 1990s and built Curaleaf into the largest cannabis company in America, is encouraging his guests to try his newest product—a fast-acting nano-emulsion tincture made with tetrahydrocannabinol (THC). None of the guys have smoked weed since college, and neither has Jordan, but he drops 5 milligrams of THC into everyone’s water and within 10 minutes they’re feeling like a billion bucks.

“I never have been so excited for a product in my life. I felt fantastic,” says Jordan, who actually prefers a slow-release THC capsule to help him sleep. “It just relaxes you and my golf game was much better. I really suck at golf, so trust me, I needed it.”

Jordan, who is worth $1.6 billion and owns 34% of Curaleaf, which has a $7.1 billion market cap, believes the new cannabis tincture, and a gummy made with the same fast-acting bioavailability, will be a “home run.” But, he’s much more excited about how the new adult-use markets in New Jersey and Arizona will be a windfall for his company.

On Election Day, voters in those two states passed legalized recreational sales. (Voters in South Dakota also passed medical and adult-use, while Utah and Mississippi passed medical marijuana laws.) The new adult-use markets, according to a note from Cowen, will unlock a black market worth a combined $3 billion-plus. Curaleaf, with its 96 dispensaries and 23 cultivation sites across as many states, is the only operator with dominant positions in both New Jersey and Arizona, where it is the number-one and number-two market leader in medical marijuana, respectively. . .

Curaleaf is not in the craft, sun-grown, hand-trimmed, high-end flower business targeting legacy cannabis consumers. Rather, the company is focused on the highly formulated products sector, targeting people who partook in college and want to get back into it, senior consumers looking for something to ail their pain, and Millennial newbies.

“I look at Curaleaf as a consumer-packaged goods company,” says Jordan, who assumed control of Curaleaf in 2013 through his private equity company and took it public on the Canadian Stock Exchange in 2018. “We’re making the products much more mainstream for our customer base—we’ll be no different than Coca-Cola or Frito-Lay.”

For now, Jordan’s company has two main brands—Curaleaf, a wellness brand that sells cannabis flower and makes THC and CBD capsules, lotions, and tinctures. And Select, a lifestyle brand that sells THC vape pens and gummies and CBD tinctures.

Weed (Cannabis) Was The Real Winner of the 2020 Election

It's the new NORML - Majority Approval for sure, but here in Mesa, conservative Republicans and city planners want to imposed some PROHIBITIONS using Police Regulations to interfere in Free-Market Enterprises

Vox - Weed was the real winner of the 2020 election | Facebook

23 November 2020

MARIJUANA PROHIBITIONS > What's The Buzz? December 1, 2020 @ Mesa City Council

That's right here in 'the most conservative city' in the Great State of Arizona. Here's the official notice on the Agenda, Item 6-b

File #:

20-1212

Type:

Ordinance

Status:

Agenda Ready

In control:

City Council

On agenda:

12/1/2020

Title:

Amending Title 6 of the Mesa City Code (Police Regulations) by adding a new Chapter 25 entitled “Marijuana Prohibitions” prohibiting certain activities and facilities related to marijuana including:

recreational marijuana retail establishments, except for retail sales by a state dual licensee at a shared location;

marijuana testing facilities;

delivery of marijuana unless delivered by a nonprofit medical marijuana dispensary in accordance with state regulations; and

the consumption of marijuana on City property, certain prohibited property, and in vehicles/transportation. (Citywide)

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20 December 2017

Smokin' Hot News: High-Ho! Mesa Is Getting 'Greener'

What to your MesaZona blogger's wondering eyes should appear just a few hours ago in an online report from AZ Big Media is that here in the most conservative city in America, the grand-daddy of Mesa law firms where both Mesa Mayor John Giles and D4 Mesa City Councilmember Chris Glover got their first start in the practice of law, there was this headline below. Being the Pundit-at-heart yours truly is, it appears that the 'grass-roots' citizen activist movement that put the issue of what's called in popular jargon medical marijuana' in a referendum overlwhelmingly approved by voters has creating an entire new engine for economic development.

It's reason to celebrate!