Weed Talk NEWS – Mitch Counts Cannabis, Biggest US Marijuana Funding Deal Ever, and the LinkedIn of Pot
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What is happening in marijuana business news this week? Jimmy Young of Pro Cannabis Media and Curt Dalton of Cannabis.net get together by Zoom to discuss the latest cannabis news from around North America. This week we have Mitch McConnell, the Republican senator from Kentucky, and big supporter of the Hemp Bill and Kentucky farmers, slamming the Democrats’ use of the word “cannabis” in the new COVID-19 funding bill. Mitch likes to count and he counts 68 times that the word cannabis is used in the new Democratic version of the stimulus package. While we applaud Mitch for using the correct term for the plant, he does demonize those making a living and profiting from “marijuana”.
We also have Debra Borchardt of the Green Market Report with a breakdown of which weed companies did well this quarter on their Wall Street earnings and which ones came up short with the pandemic.
Big congrats to Curaleaf and their CEO Joe Lusardi for scoring the biggest US capital raise in the history of cannabis, a whooping $50mil in one round, wow! Some companies are taking advantage of current business condition to expand and lock in good deal and terms!
Peter Vogel of Leafwire, the LinkedIn of Cannabis, joins us as well, as he talks about the Leafwire platform, the current state of cannabis employment, and how he sees an exit strategy for Leafwire after their recent job board deals.
Massroots, a cannabis technology platform, got a PPP loan from the government and the industry is divided over whether this is a groundbreaking deal for the industry and opening the door for others, or a huge mistake by CEO Isaac Dietrich, and will lead to a bad ending for Massroots and black-eye for the industry. While Cannabis.net was the first to report this story here, the story has gone viral with Forbes, The Fresh Toast, and many financial websites picking up the story. Will this end well and will Massroots be a pioneer in cannabis PPP loans, or will the US government go after Isaac and Massroots for PPP fraud. Stay tuned!
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