Media’s sensationalized headlines on pot industry a worry for the sector?

Media’s sensationalized headlines on pot industry a worry for the sector?


STUART: HOW ABOUT THIS? CIGARETTE SMOKING, TOBACCO SMOKING HAS HIT ALL-TIME LOW IN THE UNITED STATES. JOINING US ALEX COLEMAN, ZOO YO OF TILT, THEY OWN CANNABIS AND POT, MARIJUANA BUSINESSES. ALEX, WELCOME TO THE SHOW.>>THANKS FOR HAVING ME. STUART: IS THIS GOOD NEWS, WE’RE ALL USING LESS TOBACCO, 14% OF ADULTS SMOKE TOBACCO TODAY, IS THAT AN OPPORTUNITY, GOOD NEWS FOR THE MARIJUANA BUSINESS?>>I THINK THEY’RE UNRELATED, LOOK AT COMPANIES LIKE JULE, INTEREST THEY HAVE, VALUED AT 40 TIMES REVENUE, TRANSITION OF CUSTOMER TO HEALTH AND WELLNESS, TRYING TO IN THAT CASE ENJOY NICOTINE. WE’RE EXPERIENCING THE SAIL TRANSITION IN THE MARIJUANA INDUSTRY. WHILE FLOWER IS THE NUMBER ONE SELLING PRODUCT INITIALLY THE VAPE PENS AND CARTRIDGES WAY OUTSELL CANNABIS IN TERMS OF GROWTH RATE. ALMOST IMMEDIATELY I WOULD ARGUE, VAPE ON REVENUE BASIS ACROSS MULTIPLE STATES IS ALREADY AS BIG AS THE VAPE MARKET FOR NICOTINE. STUART: THAT IS INTERESTING. SEEMS LIKE YOUR BIGGEST PROBLEM IN THE MARIJUANA BUSINESS, MARIJUANA IS STILL CLASSIFIED AS SCHEDULE ONE DRUG ALONG WITH COCAINE AND HEROIN. IF THAT WERE TO CHANGE, IF THE CLASSIFICATION WERE TO CHANGE THAT WOULD BE ENORMOUS OPPORTUNITY FOR MARIJUANA COMPANIES IN THE UNITED STATES, IS THERE ANY POSSIBILITY, OR LIKELIHOOD THAT THAT WOULD HAPPEN?>>I THINK THERE IS A VERY STRONG LIKELIHOOD. YOU HAVE SEEN A LOT OF SUPPORT FOR CBD IN THE HEMP BILL. HOW THAT WENT THROUGH VERY EASILY. WE HAVE NUMBER OF INITIATIVES GOING ON. THE MOST NOTABLE IS CALLED THE STATE AS ACT. STRENGTHENING OF THE TENTH AMENDMENT WHICH ALLOWS STATES TO CONTINUE CANNABIS PROGRAMS WITHOUT VIOLATING FEDERAL LAW. IT ALLOWS US TO HAVE ACCESS AND BETTER CAPITAL FOR BANKING. I WOULD ARGUE ALL FOR ALL INTENTS AND PURPOSES TODAY. WE OPERATE IN GREAT ENVIRONMENT. WE HAVE NO RESTRICTIONS. 20 MILLION PEOPLE ALREADY HAVE ACCESS TO THE PRODUCT. WE WOULD LIKE BETTER ACCESS TO BANKING AND CAPITAL MARKETS. IT IS IS EVOLVE AT A VERY FAST, BUT VERY MEASURED RATE. STUART: THERE ARE, THERE HAVE BEEN SOME MEDICAL NEGATIVES VOICED IN THE MEDIA, I BELIEVE A FORMER “NEW YORK TIMES” REPORTER WRITTEN A BOCK ABOUT IT, SAYING MAYBE MARIJUANA ENCOURAGES PSYCHOSIS. IS THAT A WORRY FOR YOU, SOME NEGATIVE PRESS COMING ALONG?>>YOU KNOW THE NEGATIVE PRESS ALWAYS GETS SENSATIONAL HEADLINES. THE DATA WE HAVE AROUND OPIATE REDUCTIONS AND HEALTH AND WELLNESS BENEFITS, THE NUMBER OF CORRELATIONS BETWEEN USE OF CANNABIS INDEPENDENTLY OR IN CONJUNCTION WITH CERTAIN DRUG DELIVERY SYSTEMS AND RESULTS FOR QUALIFYING CONDITIONS ARE ASTRONOMICAL. IRREFUTABLE IN TERMS OF POSITIVE EVENTS. SO WE’RE VERY FOCUSED ON MAKING SURE WE DELIVER SAFE PRODUCTS TO THE CONSUMER. STUART: OKAY. I HAVE GOT TO RUN. I HAVE A HARD BREAK. SUFFICE IT TO SAY, YOU’RE A GROWTH INDUSTRY. ALEX COLEMAN.

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8 thoughts on “Media’s sensationalized headlines on pot industry a worry for the sector?”

  • Knew $$$ would make THC legal!
    Just didn't know it would be trending to do so Nationally this quickly.
    Three years ago, this would have been a anti-marijuana segment on Fox News.

  • Shelly - Cottage Farm Bear says:

    CBD (non thc) & Hemp is not euphoric and is superior to Big Pharma. Recreational pot Should Not Be Legalized by State or Fed Gov. I was wrong when I signed a petition to legalize recreational in WA state – i should’ve never signed it😢 it shouldn’t be legal.

  • Big Pharma is the medical equivalent to the FED. Just as the FED has manipulated market data, interest rates, inflation and politicians for their own benefit, so has big pharma manipulated with fear, political donations & outright lies. People have awoken to the fact that medical marijuana holds the most significant medical treatment benefits ever discovered. So, a natural & effective medicine costing mere pennies that ACTUALLY treats/cures many afflictions? OR an INEFFECTIVE toxic concoction of harmful poisons & malicious side effects that has made big pharma well over 500 billion dollars a year just for cancer treatment alone? Your choice… Time to free the medical profession & allow them to prescribe what really WORKS!

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