Native American Cannabis Alliance, Everscore Creating World's Largest Cannabis Cultivation Source

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Native American Cannabis Alliance, Everscore Creating World's Largest Cannabis Cultivation Source

By Maureen Meehan, Wednesday, September 15, 2021 4:18 PM

The Native American Cannabis Alliance, a joint venture of Tim Houseberg, executive director of Cherokee Nation-based Native Health Matters Foundation, and Everscore announced Wednesday they have signed three memoranda of understanding with indigenous farmers from the Mohawk Nation, Cheyenne and the Arapaho Tribal Nations.

Everscore, the first direct-to-consumer marketplace for THC and CBD, enables consumers to discover and experience the benefits of cannabis with the guarantee of ingredient transparency owing to its seed-to-shopper data and blockchain platform.

The Agreements: The ground-breaking agreements will oversee the transformation of over 500,000 acres of tribal farmland into cannabis farming that will include agricultural services, the creation of manufacturing campuses to process the cannabis and workforce development, with products to be sold on the Everscore online marketplace.

Everscore's cutting-edge technology will enable NACA to leverage the ...

Full story available on Benzinga.com

Compass: Psychedelics Unicorn Expands Portfolio Beyond Psilocybin Into Psychedelics 2.0

By Natan Ponieman, Wednesday, September 15, 2021 3:39 PM

Psychedelics biotech company Compass Pathways (NASDAQ: CMPS) has purchased an intellectual property portfolio that includes patent applications for a variety of psychedelic and empathogenic substances.

Compass reached unicorn status after becoming the first company in the sector to IPO on the Nasdaq last year. Compass is best known for its flagship program on psilocybin, which seeks to take the active compound in “magic mushrooms” through FDA approval for the treatment of depression and is currently in phase 2 clinical trials.

This announcement marks ...

Full story available on Benzinga.com

Psychedelics Co. Pasithea Therapeutics Prices $24M IPO At $5 Per Share

By Javier Hasse, Wednesday, September 15, 2021 2:59 PM

Pasithea Therapeutics, a biotechnology company focused on the research and discovery of new and effective treatments for psychiatric and neurological disorders, filed its registration statement on Form S-1 for a proposed $24.0 million IPO.

What Happened

On Wednesday, the company announced the pricing of its initial public offering of 4.8 million units, with each unit consisting of one share of common stock, at a public offering price of $5.00 per Unit.

Why It Matters

“Today’s announcement is a monumental achievement for Pasithea. Our successful IPO is testament to our work as a biotech company paving the way for new solutions to address how we treat mental health disorders,” Dr. Tiago Reis Marques, CEO and director of Pasithea Therapeutics Corp told ...

Full story available on Benzinga.com

Big Gigantic Releases New Cannabis Vape Pen For Charity

By Javier Hasse, Wednesday, September 15, 2021 2:03 PM

Colorado-based cannabis company Seed & Smith has released a limited edition of its fan-favorite Dart pen in collaboration with musicians Big Gigantic.

The pen itself has a tie-dye design and features two limited-edition strains. All proceeds will go to the Big Gigantic Difference Foundation supporting local charities. The musicians will be ...

Full story available on Benzinga.com

Olympic Cannabis Ban To Be Re-Examined After Sha'Carri Richardson's Disqualification From Tokyo Games

By Maureen Meehan, Wednesday, September 15, 2021 1:59 PM

The World Anti-Doping Agency (WADA) announced Tuesday that it intends to review the status of cannabis on its banned substance list, following last summer's exclusion of track star Sha’Carri Richardson from competing at the Tokyo Olympics after she tested positive for cannabis in her home state of Oregon, where marijuana is legal.

The scientific review will be conducted by a group that advises WADA in 2022.

“Following receipt of requests from a number of stakeholders, the (executive committee) endorsed the decision of the List Expert Advisory Group to initiate in 2022 a scientific review of the status of cannabis,” a WADA statement read. “Cannabis is currently prohibited in competition and will continue to be in 2022.”

Fastest Runner In The World

When Richardson tested positive for cannabis during the U.S. Olympic Track & Field Trials in June, she was given ...

Full story available on Benzinga.com

Analyst Ratings For Scotts Miracle Gro

By Benzinga Insights, Wednesday, September 15, 2021 12:16 PM

Analysts have provided the following ratings for Scotts Miracle Gro (NYSE:SMG) within the last quarter:

	Bullish	Somewhat Bullish	Indifferent	Somewhat Bearish	Bearish
Total Ratings	6	0	0	0	0
Last 30 Days	1	0	0	0	0
1 Month Ago	0	0	0	0	0
2 Months Ago	2	0	0	0	0
3 Months Ago	3	0	0	0	0

According to 6 analyst offering 12-month price targets in the last 3 months, Scotts Miracle Gro has an average price target of $229.17 with a high of $250.00 and a low of $200.00.

Below is a summary of how these 6 analysts rated Scotts ...

Full story available on Benzinga.com

Vice Stocks: A Sin Not To Have In Your Portfolio

By Benzinga Cannabis Contributors, Wednesday, September 15, 2021 12:07 PM

By Josh Kincaid
Summary

Protecting your portfolio during economic uncertainty with sin stocks
Sin clauses, SRI and ESG may come at a financial cost
Sin stock’s benefits in addition to being recession-proof, generating strong and consistent earnings, and having limited competition
Historical evidence on the performance supports sin stock’s higher alpha
Sin stocks plausible underperformance due to “shunned-stock hypothesis”

Vice Stocks AKA Sin Stocks

During my career in finance, I’ve been hearing investors say that vice stocks, AKA sin stocks, tend to outperform blue-chip stocks during a market downturn.

Sin stocks refer to shares of public companies whose business is considered unethical, immoral, or unsavory. Traditionally, the term's been applied to alcohol, tobacco, gambling, and defense.

Now that cannabis stocks are included in this segment, I was curious if more investors should be seeking alpha in sin stocks.

In order to get some more clarification on the subject, I reached out to an expert in this field- Larry Swedroe, who in August 2020 wrote the article “Sin Stocks And Expected Returns” which prompted me to seek out an interview with Larry for my cannabis business podcast “The Talking Hedge” to get into the weeds regarding sin stocks.

Sin’s Stability

According to Larry “sin stocks are considered to be fairly recession-proof. There’s a reason for this- people drink, smoke, and gamble in both good times and bad, while most of them don't view their own "sins" as discretionary. One theory for sin stock’s higher returns is they are more profitable and less wasteful with investment. This is due to the difficulty this sector has when it comes to raising capital, so companies don’t tend to waste it.”

Larry goes on to say “sin stocks are considered defensive and tend to remain fairly stable under difficult economic conditions. They tend to suffer only when economic conditions are so bad they impair consumers' ability to spend. However, consumers typically revert back to their vices once the economy improves, and they tend to spend aggressively during bull markets.”

Sin Stock Price Discovery

Prior to my research on sin stocks, I was under the impression the reasons for above-market returns was due to the demand for their products being inelastic.

After further research, sin stocks are in part systematically underpriced because of institutional investors' inability to buy them due to sin clauses, as well as those who lean toward the side of Social Responsible Investing (SRI) or Environmental Social Governance (ESG). These investors express their values through their investments and believe sin industries could benefit from ...

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Elections In Germany And Cannabis: Where Does Each Party Stand On Marijuana?

By El Planteo, Wednesday, September 15, 2021 11:04 AM

By Franca Quarneti via El Planteo.

In the run-up to the September elections in Germany, speculation is beginning to swirl around the legalization of marijuana. This is not a minor issue, as recreational marijuana is widely consumed in the country and its use is largely normalized.

Cannabis use in Germany is at an all-time high, according to the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA).

Almost one-third of adults have tried cannabis at least once in their lives and more than 4 million people use it regularly in the country.

Next, we compiled the opinion of the main parties in Parliament on marijuana in the verge of elections.

Green Party (Die Grünen)

The Green Party came out in favor of cannabis. Their proposal? "To put an end to the informal cannabis market and to ...

Full story available on Benzinga.com

11 Essential Cannabis Etiquette Tips

By NisonCo, Wednesday, September 15, 2021 11:00 AM

This article was originally published on NisonCo, and appears here with permission.

One of the great things about cannabis is that it brings people together. Whether it’s making new friends or helping maintain existing relationships, cannabis can be a social lubricant, helping people feel more comfortable in social settings.

For those who enjoy using in a group setting, one of the most popular ways to do so is through a smoke session, or “sesh,” with your friends gathered together sharing a joint, glass piece or vape, telling stories and cracking jokes.

It’s vitally important, however, to make sure the stories keep being told and the jokes don’t stop during your sesh. Whether you’re new to smoking or need a reminder in time for the 4/20 cannabis holiday, make sure to familiarize yourself with these proper smoke sesh etiquette tips before joining in! Do so and you’ll be a rotation favorite in no time.

Group Cannabis Etiquette: 11 Tips

Always Corner The Bowl

If you’re the lucky one to get the first hit off of a fresh bowl, make sure you burn from the corner of the bowl. This helps ensure everyone can get a fresh hit.

Don’t Eat And Toke

Don’t take a bite out of your burger and then hit the piece in rotation. No one wants to have a taste of what you’re ...

Full story available on Benzinga.com

Video: All You Need To Know About Leafly And Its IPO, COO Sam Martin Shares Details On The Co., Upcoming Stock Listing

By Jose Rodrigo Safdiye, Wednesday, September 15, 2021 10:48 AM

Benzinga’s Cannabis Insider is a live show for cannabis investors.
On Tuesday’s show, hosts Patrick Lane and Javier Hasse invited Sam Martin, COO of Leafly.

The cannabis information platform Leafly Holdings Inc. will go public via a business combination with a special purpose acquisition company Merida Merger Corp. (NASDAQ: MCMJ). Merida will take Leafly's name and that its common ...

Full story available on Benzinga.com

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By Josh Kincaid Summary

Vice Stocks AKA Sin Stocks

Sin’s Stability

Sin Stock Price Discovery

Green Party (Die Grünen)

Group Cannabis Etiquette: 11 Tips

By Josh Kincaid
Summary