A popular American beer maker is getting into cannabis, another red state goes green, and more…
Any good investor needs to pay attention to the headlines coming from the industry they’re invested in and the companies in their portfolio – and that’s why you have the National Institute for Cannabis Investors (NICI) in your corner.
We’re here to help you make the most money possible from cannabis investing and guide you to the biggest and best opportunities, which starts with staying updated on the latest industry news.
NICI Snippets: Week of May 21, 2021
- Alabama Legalizes Medical Cannabis: Gov. Kay Ivey (R-AL) signed a bill into law this week legalizing cannabis for medical use to aid in the treatment of a variety of conditions ranging from anxiety to cancer. This could spur a dash from multistate operators (MSOs) looking to grab a coveted “first-mover” advantage in the latest Republican-dominated state to legalize cannabis in some form and lead the way for other red states that are cozying up to the idea of legalization. NICI Membership subscribers can read up on the power of gaining a first-mover advantage right here.
- Samuel Adams Enters the Cannabis Beverage Market: The Boston Beer Company (SAM), which produces popular beverage brands like Samuel Adams and Truly hard seltzer, is entering the cannabis beverage market in Canada. The company is launching a subsidiary for its beverages led by Canopy Growth Corp. (NYSE: CGC) veteran Paul Weaver, who previously served as Canopy’s Director of Innovation. Canadians bought $3.6 million in cannabis beverages last year and more and more beer companies are looking to get a piece of the action.
- NICI Favorite Closes Deal to Acquire Two More California Dispensaries: Jushi Holdings Inc. (OTC: JUSHF) announced that it has completed its acquisition of two California dispensaries – one in Palm Springs, the other in Grover Beach – that were previously owned by Organic Solutions of the Desert. This will be Jushi’s third California storefront. Jushi is hands down one of the best cannabis stocks you can own right now. In fact, since Executive Director Don Yocham first recommended JUSHF to our NICI Membership subscribers in July 2020, its stock price has surged over 300%. You’re free to learn how to join us for more real-time profit alerts and stock recommendations right here.
- DEA Ending Monopoly on Growing Cannabis for Research: Since 1968, there has only been one cultivation site at the University of Mississippi permitted to grow cannabis for medical research. But this week, the Drug Enforcement Administration (DEA) announced it is nearing the end of the application review process for additional growers to supply cannabis for medical research. This is big news for cannabis biotech firms because the current supply is virtually useless due to its poor quality, testing far lower in THC than the majority of cannabis you can get on the market. With more research into cannabis, we’ll start seeing more and more opportunities to profit.
That’s it for this week’s big headlines, but we’ll be back with more soon.
To your investing success,
Partner, RADD Capital
One response to “NICI Snippets: Another Popular American Brewer Is Entering the Growing Cannabis Beverage Market”
May 21 2021